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.
-
Home Equity FinTech Trovy Raises $15 Million
A FinTech offering a home equity-backed credit card has announced a new round of venture funding. About Trovy and Its Funding Round: This week, Trovy revealed that it had raised $15 million. The Series A was led by Left Lane Capital, with returning seed investors Kleiner Perkins, DCM Ventures, and Camber Creek also participating. With…
-
Coverd Card Launches, Offering “Up to 100% Cash Back”
A unique credit card with variable rewards rates has officially launched. About Coverd Card: Recently, the a16z-backed FinTech startup Coverd debuted its unique Coverd Card, which offers up to 100% cash back on eligible purchases. In fact, the company says that it’s already paid out more than $25 million in rewards. The Coverd Card is…
-
Embedded Earned Wage Access Platform Reset Raises $6 Million
A FinTech that allows credit unions and smaller banks to offer earned wage access to customers has raised a new investment round. About Reset and Its Latest Round: This week, Reset revealed that it had raised $6 million in funding. The seed round included participation from Georgia’s Own Credit Union, InTouch Credit Union, Chartway Credit…
-
Symphony Launches “Savings” App Earning Points and Miles
A FinTech company has debuted a new account that earns cash interest as well as transferable points and miles. About Symphony: This week, Symphony officially announced its launch. The selling point of this new platform is that it allows customers to earn points for saving instead of spending. According to Symphony, accountholders can earn a…
-
SoFi Debuts AI-Powered Financial Chatbot: SoFi Coach
SoFi is delivering a new tool to members: an AI-powered chatbot called SoFi Coach. About SoFi Coach: This week, the FinTech-turned-national bank SoFi revealed its latest feature. SoFi Coach is a new chat tool that offers personalized money insights for members. According to the company, the Coach was built with the help of SoFi’s financial…
-
AI-Powered Rewards Platform CasaPerks Raises $15.8 Million
A platform that allows consumers to earn rewards on rent and more has raised a new round of funding. About CasaPerks and the Seed Round: Today, CasaPerks revealed that it had raised $15.8 million. The seed round was led by Longevity Equity and included participation from “top real estate operators” among others. With the funds,…
-
Apex Partnering with Plaid for Easier Brokerage Transfers
Two well-known FinTechs are teaming up to deliver a better brokerage transfer experience. About the Apex-Plaid Partnership: This week, Apex FinTech Solutions and Plaid announced a new parnership that will see Apex integrating Plaid products into its offerings. As a result, Apex’s brokerage firm clients will have new capabilities, which will also benefit end-users. As…
-
Barclays Officially Completes Best Egg Acquisition
Six months after announcing plans to acquire FinTech loan originator Best Egg, Barclays has now closed the transaction. About Barclays’ Acquisition of Best Egg: The deal is done. Recently, Barclays US Consumer Bank announced that it has completed its purchase of Best Egg. This acquisition was first announced in October of last year. At the…
