Category: FinTech News
FinTech News
FinTech News
Mercury Debuts IO Company Card for Startups
A FinTech banking platform meant to help startups manage their money as they scale is getting into the credit card game. This week, Mercy announced the launch of the IO card. Issued by Patriot Bank, the card carries no annual fee and has 30-day repayment terms. The IO card earns 1.5% cashback on all purchases, including international transactions. Earned cashback is then automatically deposited when all settled transactions are paid...
FinTech News
Robinhood Debuts "Investor Index" with App's Most-Owned Stocks
Since the brokerage app Robinhood launched in 2015, its seen more than its fair share of media attention. In addition to high-profile coverage of the company's own missteps, there's also been plenty of focus on what types of investments the app's users are pouring their money into. Now, Robinhood has announced the launch of its Investor Index that will provide a bit more insight on that topic. The new Investor...
FinTech News
Alloy Announces Additional $52 Million for Series C
A FinTech that helps other FinTechs as well as banks to better automate their decision-making process has raised more money on top of its recent "megaround." Last week, Alloy announced that it had raised another $52 million, with the latest round valuing the company at $1.55 billion. These funds add to the company's previously-announced $100 million Series C nearly one year ago. The round was led by Lightspeed Venture Partners...
FinTech News
FTC Orders Credit Karma to Halt "Pre-Approved" Offers
For years, the free credit score site Credit Karma has grown in popularity, becoming a default option for many consumers curious about their credit. While the site has remained free to use, one of the ways the company has monetized is by offering credit card referrals to customers, with many of these suggestions being accompanied by a rating of how likely a customer was to be approved based on certain...
FinTech News
"Donate Now, Pay Later" Platform B Generous Officially Launches
Over the past couple of years, the "buy now, pay later" (BNPL) craze has exploded. Companies such as Klarna, Afterpay, and others have popularized the practice of financing purchases over the course of four payments (and without interest) — with Apple soon set to join the fray as well. In turn, a new FinTech is looking to take the concept in a different direction by introducing "Donate Now, Pay Later"...
FinTech News
Payments Platform Highline Closes $13 Million Funding Round
A payment platform that could benefit both consumers and lenders has closed a significant early-stage funding round. This week, Highline Technologies announced that it had raised $13 million. The Series A was led by Jump Capital, Costanoa Ventures, and Foundation Capital with participation from other investors. It also follows a $4.5 million seed round that Highline raised in February. With the added funds, the company plans to continuing fueling its growth, including hiring more...
FinTech News
