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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Market Data FinTech Databento Raises $97 Million
A FinTech that delivers market data to clients via API has raised a significant new funding round. About Databento and Its Latest Funding: This week, Databento announced that it raised $97 million in new funding. The Series B was led by New Enterprise Associates (NEA) while existing and strategic investors such as DRW Venture Capital,…
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New SoFi ETF Combines Social Strategy with Income Component
SoFi has once again expanded its ETF line-up, debuting a new option built for those seeking both income and growth. About the SoFi Social 50 Income ETF: This week, SoFi debuted its newest ETF: the SoFi Social 50 Income ETF (SFYI). The “social 50” part of the name comes from the fact that this ETF…
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Swedish BNPL App Klarna Applies for U.S. Banking License
Another foreign FinTech is seeking the right to become a licensed bank in the United States. About Klarna’s Banking License Application: Today, Klarna announced that it has submitted applications with the Utah Department of Financial Institutions as well as the Federal Deposit Insurance Corporation (FDIC) to launch a national industrial bank. As the company notes, it’s…
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American Express Latest to Allow Apple Pay Rewards Redemptions
Amex customers have a new way to redeem their Membership Rewards points toward purchases. About Amex’s Apple Pay Rewards Update: American Express customers with a Membership Rewards-earning card can now choose to redeem their points directly in Apple Pay. This can be done when cardholders are shopping online or in an app via an iOS…
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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…
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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…
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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…
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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…
