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
Varo Bank Introduces Line of Credit Option with Fixed Pricing
by Kyle Burbank
Varo has announced the impending launch of a new borrowing option for customers. About the feature: This week, Varo Bank revealed its new Varo Line of Credit. With this feature, customers can get approval for a line of credit ranging from $600 to $2,000. According to the bank, this feature will have transparent fixed pricing rather than charging interest. It will also be free of any late fees. As for... FinTech News
Robinhood Reveals New Credit Card, Reimagined Flagship App
by Kyle Burbank
During its "New Gold Standard" keynote event, Robinhood made some major announcements, including the launch of a new credit card. About the Robinhood Gold Card: The headlining announcement was the reveal of the new Robinhood Gold Card. In a bit that paid homage to Steve Jobs' iconic iPhone announcement, Robinhood co-founder and CEO Vlad Tenev teased plans to release three different cards (a starter card, an everyday card, and a...
FinTech News
FundGuard Announces $100 Million Funding Round
by Kyle Burbank
A FinTech firm looking to modernize investment accounting has raised a new "mega-round." About the round: This week, FundGuard announced a $100 funding round. The Series C was led by Key1 Capital with participation from new investors Euclidean Capital and funds managed by Hamilton Lane. The round also included returning investors Blumberg Capital and Team8. To date, the company has now raised a total of $156 million including a Series B in...
FinTech News
Insurtech Startup Coterie Raises $27 Million
by Kyle Burbank
A Cincinnati-based insurtech company has revealed a new funding round. About the round: This week, Coterie announced it had raised $27 million in new funding. The oversubscribed round included participation from new investor Hiscox as well as returning investors Intact Ventures, Weatherford Capital, RPM Ventures, and others. To date, the startup has now raised a total of $102 million. With this new funding, the company says it will be able...
FinTech News
Galileo Introduces Post-Purchase BNPL Solution for Banks
by Kyle Burbank
Galileo is bringing new purchase financing options to a variety of card customers. About the feature: The FinTech Galileo (which is owned by SoFi) has announced an expansion of its "buy now, pay later" platform. Now, banks and fellow FinTechs can enable a post-purchase installment plan option for debit and credit cardholders. This joins a more traditional pre-purchase BNPL feature. These options are now available via an API. According to...
FinTech News
Apex FinTech Solutions Acquires AdvisorArch
by Kyle Burbank
Apex FinTech Solutions, which provides clearing services and other solutions, has announced its latest acquisition. About the acquisition and AdvisorArch: Today, Apex FinTech Solutions revealed that it had acquired AdvisorArch — a company that Apex has partnered with since 2023. Terms of the deal were not readily disclosed. According to Apex, the acquisition will allow it to strengthen its platform and expand its digital advice tools. For example, it notes...
FinTech News
Oxygen Ending Banking Services, Pivoting to Health Solutions
by Kyle Burbank
The business and consumer neobank Oxygen has announced a "temporary" exit from banking services. About the closure: Oxygen has announced that it will be "pausing banking" and will shut down its current accounts. First, as of today, the Total Rewards Program will be discontinued. Effective March 16th, users will no longer be able to deposit money into their Oxygen account. Then, on March 21st, services such as Round Up Spare...