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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Fizz Announces $14.4 Million Seed Round
A credit-building debit card FinTech has raised a new early-stage round of funding. About the round: Fizz has revealed that it raised $14.4 million. The seed round was led by Kleiner Perkins, while V Angel, Y-Combinator, New Era Ventures, and others also participated. Previously, Fizz raised a $125,000 pre-seed round in 2021. With the new…
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U.S. Bank Partners with Greenlight for Family Banking Tool
The family finance FinTech Greenlight has announced a new partnership with U.S. Bank. About the partnership: U.S. Bank and Greenlight are working together to help raise financial literacy for families. Now, eligible U.S. Bank checking account customers will have complimentary access to Greenlight’s debit card and app. This includes accounts for up to five children.…
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Charity Cashback Platform AllGives Announces Browser Extension
A cashback platform with a charity twist is rolling out a new way for customers to earn while shopping online. About the extension: This week, AllGives announced the debut of the AllGives Browser Extension. The tool is now available for Google Chrome as well as Microsoft Edge. With this extension, AllGives users will automatically be…
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P2P Lending Platform SoLo Funds Responds to CFPB Lawsuit
After being sued by the Consumer Financial Protection Bureau (CFPB), the FinTech SoLo Funds has now issued a response. About the lawsuit and response: Recently, the CFPB announced that it was suing SoLo Funds, accusing the company of misleading customers about the true costs of loans obtained through the platform. This stems from SoLo’s model,…
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Robinhood Introduces Lowered Margin Interest Rates
The popular investing platform Robinhood has announced new margin rates as it looks to attract advanced traders. About the changes: Robinhood is rolling out new, lowered margin rates. Now, the rates that customers pay will vary by their total margin balance, with these rates ranging from 5.7% to 6.75%. These tiers breakdown like this: This…
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Accounting Infrastructure Startup Teal Raises $8 Million
A FinTech offering accounting infrastructure tools for vertical SaaS businesses to adopt has announced its seed round. About the round: Today, Teal announced that it had raised $8 million. The seed round was led by Torch Capital, while Basis Set Ventures, General Advance, and Dash Fund also participated. Additionally, execs from Plaid, Brex, Gusto, and others…
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Vehicle-Secured Credit Card Company Yendo Raises $165 Million
A FinTech that offers the first-ever credit card secured by a customer’s vehicle has announced its latest round of funding. About the round: This week, Yendo announced that it had raised $165 million. However, this includes $150 million in debt financing and $15 million in equity. The debt portion was led by i80 group, while…
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SoFi Partners with Templum to Expand Alternative Investments
SoFi Invest is set to expand its alternative assets features thanks to a new partnership. About the partnership: This week, Templum announced that it was working with SoFi to bring more alternative investments to the FinTech’s customers. Launched earlier this year, SoFi’s platform now allows users to invest in funds from ARK Venture Fund, Carlyle…
