Category: 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.
FinTech News
Insurtech Startup CoverTree Raises $13 Million
by Kyle Burbank
An insurtech firm with a unique niche has raised a new round of funding. About the round: This week, CoverTree announced that it recently raised $13 million. The Series A was led by Portage. AV8, Distributed Ventures, Detroit Venture Partners, Ludlow Ventures, Annox Capital, and others also participated. In total, the company has now raised $23 million, including an $8 million seed round in 2022. With the new funds, CoverTree...
FinTech News
Robinhood Receives Wells Notice From SEC Regarding Crypto
by Kyle Burbank
The FinTech brokerage firm Robinhood has announced that it's received a Wells Notice from the Securities and Exchange Commission regarding its cryptocurrency features. About the notice and Robinhood's response: In a filing, Robinhood revealed that the SEC has notified the company that it will recommend that the agency file an enforcement action, alleging securities violations. Furthermore, they note that these potential actions could involve a civil injunctive action, public administrative...
FinTech News
Branded Customer Wallets FinTech Ansa Raises $14 Million
by Kyle Burbank
A FinTech that helps businesses create stored value payment programs has raised a fresh round of funding. About the round: Ansa has announced a new $14 million round. The Series A was led by Renegade Partners while Bain Capital Ventures, B37 Ventures, Box Group, and Wischoff Ventures also participated. This latest round comes almost exactly one year after a seed round, bringing the company's total funds raised to $19.4 million....
FinTech News
FinTech Real Estate Platform Backflip Raises $15 Million
by Kyle Burbank
A real estate FinTech has revealed its latest funding round. About the round: This week, Backflip announced that it raised $15 million. The Series A was led by FirstMark Capital, while previous investors Vertical Venture Partners, LiveOak Venture Partners, Revel Partners, ECMC, Crow Holdings, and various angel investors also participated. To date, Backflip has raised $95 million in combined equity and debt, including an $8 million seed round in 2022....
FinTech News
Nonprofit Fundraising Platform Givebutter Raises $50 Million
by Kyle Burbank
A platform built for nonprofit fundraising has raised some funds of its own. About the round: This week, Givebutter has announced that it's raised $50 million in strategy growth investment funds. The round was led by BVP Forge with participation from Ardent Venture Partners. To date, Givebutter has now raised $57 million including a seed round in 2022. These newly raised funds will be used to accelerate the development of Givebutter's...
FinTech News
Spend Management FinTech Ramp Raises $150 Million
by Kyle Burbank
The FinTech startup Ramp has revealed its latest "mega-round." About the round: This week, Ramp announced that it had raised $150 million. The Series D-2 was co-led by Khosla Ventures and Founders Fund. Additionally, new investors Sequoia Capital, Greylock, and 8VC joined existing investors Thrive Capital, General Catalyst, Sands Capital, D1 Capital Partners, Lux Capital, Iconiq Capital, Definition Capital, Contrary Capital, and others in participating in the round. To date,...
FinTech News
Karma Wallet Announces Acquisition of DoneGood Marketplace
by Kyle Burbank
An eco-conscious FinTech is adding a sustainable shopping marketplace to its offerings via an acquisition. About the acquisition: This week, Karma Wallet announced that it had acquired DoneGood. Terms of the deal were not disclosed. However, as a result of the purchase, DoneGood will be integrated into the Karma Wallet ecosystem, simplifying the sustainable shopping process. According to Karma Wallet, the acquisition of DoneGood will further empower consumers to make...