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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Savvy Wealth Raises $26.5 Million for Wealth Management AI Tools
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,…
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Faye Raises $31 Million for Travel Insurance Platform
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…
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Bitcoin Rewards App Fold Announces Plan to Go Public Via SPAC
A Bitcoin-centric FinTech has announced plans to hit the NASDAQ market. About the public offering: Fold is ready to go public. The company revealed that it’s entered into a definitive agreement with the special purpose acquisition company (SPAC) FTAC Emerald Acquisition Corp. As a result of the proposed transaction, Fold will be listed on NASDAQ.…
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Tax-Advantaged Account Platform Carry Raises $10 Million
An investment platform with an emphasis on tax-saving strategies has raised a new round of funding. About the round: Earlier this week, Carry revealed that it had raised $10 million. The Series A was led by Accomplice VC with “dozens” of angel investors participating as well. According to the company, the funds were raised at…
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Aven Raises $142 Million for Home Equity-Backed Credit Card
A company that offers a home equity-backed credit card has secured a new “megaround” of funding. About the round: This week, Aven announced that it had raised $142 million. The Series D was led by Khosla Ventures and General Catalyst while returning investors, such as Caffeinated Capital, Electric Capital, Founders Fund, and The General Partnership,…
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Sequoia Reportedly Offers to Buy Stripe Shares from Investors
Major FinTech investor Sequoia Capital is reportedly offering to buy stakes of Stripe from previous investors. What’s happening: According to a report from Axios, Sequoia has been emailing limited partners that invested in Stripe between 2009 and 2012. The venture capital firm is offering to purchase up to $861 million in shares of the FinTech…
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CNBC Names Top 250 FinTech Companies for 2024
The popular financial network CNBC has released its latest list highlighting the top 250 FinTech companies in the world. About the list: To compile this list, CNBC partnered with Statista. Although the companies were nominated by themselves via an application — which included sharing 2023 revenues, year-on-year sales growth rate, and total employee count —…
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Pinwheel Announces New Partnership with Narmi
Two FinTechs are teaming up to bring a useful feature to workers. About the partnership: This week, Pinwheel and Narmi announced their newly formed partnership. As a result of this deal, Narmi financial institution customers will have access to Pinwheel Prime and other solutions. One of the key features of Pinwheel Prime is direct deposit…
