Category: 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.
FinTech News
ASA Vault Adds Five More FinTech Tools to Its "App Store"
by Kyle Burbank
The "App Store as a Service" platform ASA has added five more FinTech tools to its roster. About the additions and ASA Vault: ASA has announced that it has added five FinTech applications to its ASA Vault app. These include PortfolioPilot, Guac, One Goal Finance, Credit Rent Boost, and Column Tax. With ASA Vault, users can sign up for and access these services without providing their name, email address, or... FinTech News
SaaS FinTech MoneyThumb Acquired by Iron Creek Partners
by Kyle Burbank
A company that offers a variety of underwriting tools has revealed that it's been acquired. About the acquisition: This week, MoneyThumb announced that the private investment firm Iron Creek Partners LLC has acquired the company. According to a press release, this transaction will provide MoneyThumb with growth capital as the company continues to expand. While the news was announced on August 29th, the transaction officially closed on August 19th, 2024....
FinTech News
LendingClub Bank Introduces LevelUp Savings Account
by Kyle Burbank
The FinTech bank LendingClub has announced a high-yield savings account that will allow customers to "LevelUp" their earned interest. About the account: With the new account, customers will be able to earn up to 5.30% APY on funds — which is 11 times the national average. However, to earn this rate, accountholders must deposit at least $250 per month. Those who don't manage to meet this requirement will still earn...
FinTech News
Bask Bank Launches Interest Checking Account
by Fioney Staff
After teasing a new account type a few weeks ago, Bask Bank has now opened an Interest Checking option to all customers. About the new account: With the new Bask Interest Checking, customers can earn 1% APY while enjoying the benefits of a mobile-first checking account. Not only can accountholders use their Bask debit card to make purchases wherever Visa is accepted but they will also have access to more...
FinTech News
Healthcare Affordability Startup PayZen Raises $32 Million in Equity
by Kyle Burbank
A FinTech that helps patients find affordable healthcare solutions has raised new funds in two ways. About the round: This week, PayZen revealed its Series B funding round. The oversubscribed round included $32 million in equity as well as a new $200 million credit warehouse. NEA led the equity portion of the round along with participation from existing investors, such as 7wireVentures, SignalFire, Viola Ventures, and others. Meanwhile, Viola Credit...
FinTech News
Savvy Wealth Raises $26.5 Million for Wealth Management AI Tools
by Kyle Burbank
The digital financial advisor platform Savvy Wealth has revealed an addition to its early-stage funding round. About the round: Savvy Wealth has announced the closure of its Series A, which totals $26.5 million. This includes the addition of $15.5 million from Canvas Ventures. New and existing investors including Thrive Capital, Brewer Lane Ventures, Index Ventures, The House Fund, and Alumni Ventures also participated. To date, the company has now raised...
FinTech News
Faye Raises $31 Million for Travel Insurance Platform
by Kyle Burbank
An app that makes travel insurance buying simpler has raised an impressive round of funding. About the round: Faye has announced a new $31 million round. The Series B was led by Portage while Lumir Ventures and existing investors F2 Venture Capital, Viola Ventures, and Munich Re Ventures also participated. To date, the company has now raised a total of $49 million, including a $10 million Series A last year...