FinTech News
Fascinated by the rapidly evolving world of financial technology? Our FinTech news category is your insider’s guide to the most cutting-edge innovations disrupting the finance industry. Get up-to-date coverage on the latest breakthroughs in digital banking, cryptocurrency, investing, and more.
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FinTech Co-Branded Card Company Cardless Raises $30 Million
A co-branded credit card solution company has raised a new round of funding. About the round: This week, Cardless announced that it’s raised $30 million. The round was led by Activant Capital with new and returning investors such as Mischief, Industry Ventures, Thayer Ventures, Assurant, and Amex Ventures also participating. With this latest funding, Cardless…
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Robinhood Crypto Relists Previously Removed Assets, Adds More
Robinhood Crypto has added to its list of supported assets — including bringing back some previously delisted coins. About the additions: Recently, Robinhood announced that it was adding four crypto assets to its U.S. platform. These include Solana (SOL), Cardano (ADA), XRP (XRP), and Pepe (PEPE). In total, the platform now allows users in the…
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Swedish “Buy Now, Pay Later” Platform Klarna Announces IPO
Klarna’s plans to launch an American initial public offering have taken a major step forward. What’s happening: This week, Klarna announced that it had submitted a draft Registration Statement to the Securities and Exchange Commission (SEC) relating to a proposed initial public offering. Previously, the Swedish FinTech had been rumored to be eyeing an IPO,…
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SoFi Introducing Robo-Advisor with Alternative Investment Assets
SoFi is expanding its automated investment features with a robo-advisor platform. About SoFi Robo Investing: This week, SoFi announced a new investment offering for members. In an expansion of the company’s existing Automated Investing option, the “one-stop shop” for financial services is debuting Robo Investing. Notably, this new offering will include alternative asset classes (which…
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FTC Files Complaint Against FinTech App Dave
The Federal Trade Commission has announced plans to “take action” against the FinTech cash advance app Dave, accusing the service of deceptive marketing. About the complaint: Today, the FTC filed a complaint against the app Dave in U.S. District Court for the Central District of California. In this complaint, the agency accused the service of…
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Neobank Chime Re-Ups Partnership with Dallas Mavericks
A popular neobanking app is renewing and expanding its partnership with one of the NBA’s top teams. About the partnership: After initially joining as a sponsor in 2020, Chime recently revealed that it was extending its strategic partnership with the NBA’s Dallas Mavericks. As a result, the team will continue to wear Chime patches on…
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Subcontractor Financial Solution Platform Billd Raises $17.5 Million
A platform that focuses on the financing for subcontractors has raised a new round of funding itself. About the round: This week, Billd announced that it had raised $17.5 million in “strategic funding.” The round was led by LL Funds as well as MissionOG. RJT Credit, Ulysses Management, and HighSage Ventures also participated. Previously, Billd…
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Robinhood Introduces Presidential Election Market Event Contracts
Robinhood is launching its derivatives business by allowing some users to essentially bet on the results of the 2024 presidential election. About the Presidential Election Market: Earlier this month, Robinhood revealed plans to launch index options as well as futures trading. Both of these features come from Robinhood Derivatives (RHD). Now, RHD has announced event…
