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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Rocket Mortgage Announces AI-Powered Tool Rocket Logic
Rocket Companies has unveiled a new AI tool that it says will help makes mortgage underwriting faster and easier. About Rocket Logic: Rocket Mortgage is introducing Rocket Logic — a patented AI platform for mortgages. According to the company, Rocket Logic utilizes insights from more than 10 petabytes of proprietary data as well as 50…
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Brim Financial Raises $85 Million as It Eyes Global Expansion
Toronto-based FinTech infrastructure startup Brim Financial has announced a new funding round. About the round: Brim has revealed an $85 million round. The Series C was led by EDC Investments while new investor Vistara Growth and returning investors White Owl Group, Epic Ventures, and Zions Bank also participated. To date, the company has now raised…
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Tally Pivots to B2B Credit Card Debt Management Product
Tally — an app that helps consumers pay off their credit card debt — has announced an expansion of their service and will allow partners to offer their platform. About the new offering: Tally has unveiled a new B2B white-labeled credit card debt management platform. This offering will allow banks, institutions, FinTechs, lenders, and other…
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Varo Bank Introduces Line of Credit Option with Fixed Pricing
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…
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Robinhood Reveals New Credit Card, Reimagined Flagship App
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…
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FundGuard Announces $100 Million Funding Round
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,…
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Insurtech Startup Coterie Raises $27 Million
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…
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Galileo Introduces Post-Purchase BNPL Solution for Banks
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…
