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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PayPal Rolls Out PayPal Everywhere Initiative, Updated Debit Card
PayPal is looking to expand its reach with a new initiative and a more rewarding debit card product. About PayPal Everwhere and debit card: While PayPal is best known as an online payment option, the platform is giving consumers more reason to use it in-store as well. This includes debuting an updated debit card with…
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DailyPay Rebrands Debit Card, Plans New Cashback Offer Feature
The earned wage access platform DailyPay has announced a rebrand for its employee debit card offering. About the updated card and DailyPay: DailyPay has announced that it will be rebranding its Friday by DailyPay Visa Prepaid Card. Now, the service will simply be known as the DailyPay Visa Prepaid Card. With the card, users will…
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AI-Powered Compliance Platform Sedric Raises $18.5 Million
A company that leverages AI to help financial institutions manage compliance issues has closed a new round of funding. About the round: Sedric has announced that it raised $18.5 million in its latest round. The Series A was led by Foundation Capital with Amex Ventures also participating. To date, the company has now raised a…
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ASA Vault Adds Five More FinTech Tools to Its “App Store”
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…
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SaaS FinTech MoneyThumb Acquired by Iron Creek Partners
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…
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LendingClub Bank Introduces LevelUp Savings Account
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…
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Bask Bank Launches Interest Checking Account
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…
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Healthcare Affordability Startup PayZen Raises $32 Million in Equity
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…
