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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Apex FinTech Solutions Acquires AdvisorArch
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…
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Oxygen Ending Banking Services, Pivoting to Health Solutions
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…
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TomoCredit Offering Proprietary TomoScore to Businesses
TomoCredit has announced that it will be bringing its unique creditworthiness model to more businesses. About TomoScore and the expansion: TomoScore is an underwriting model designed as an alternative to FICO or other traditional credit models. Among the factors Tomo’s model looks at are cash flow as well as on-time payments for bills, regular income,…
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Health Tech Startup Healthee Raises $32 Million
A health tech company focused on changing the way employees interact with their benefits has raised an impressive new round of funds. About the round: This week, Healthee announced that it had raised $32 million. The Series A was co-led by Fin Capital, Glilot Capital Partners, and Group 11. Additionally, strategic partner TriNet participated. To…
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“Robinhood Retirement For Independent Workers” Announced
Robinhood is bringing its Robinhood Retirement account to gig workers as part of a new program. About the program: This week, Robinhood announced the launch of Robinhood Retirement for Independent Workers. Under this program, gig workers and other independent contractors will not only be able to open an IRA with Robinhood but also receive financial…
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Greenlight Partners with Tropical Smoothie Cafe for App Rewards
The financial learning app Greenlight is introducing a new way to reward students, forming a partnership with Tropical Smoothie Cafe. About the partnership and program: Greenlight is adding a new rewards program to its Level Up financial literacy game. Now, users can earn a free smoothie from Tropical Smoothie Cafe by playing the game and…
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“Copy-Trading” Platform Dub Raises $17 Million
A FinTech brokerage platform that makes it easy to share and follow portfolio strategies has closed a new round of funding. About the round: Dub has announced that it’s raised $17 million — including $15 in equity deals and a $2 million debt facility. The seed round was led by Tusk Ventures with several other…
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SoFi Named Official Banking Partner of the NBA
The FinTech-turned-bank SoFi has announced a new partnership with the National Basketball Association. About the partnership: SoFi is now the official banking partner of the NBA as well as the G League, NBA 2K League, and USA Basketball. Moreover, the company will be the title sponsor for what will now be the SoFi NBA Play-In…
