Category: FinTech News

FinTech News

FinTech Startup Fidel API Raises $65 Million

by Fioney StaffApr 6, 2022

What's sure to be another hot year for FinTech continued this week as a company that powers cashback platforms and other services revealed an impressive investment. Today, Fidel API announced that it had closed a $65 million funding round. The Series B was led by Bain Capital Ventures while NYCA Partners, QED Investors, and others also participated. To date, the startup raised a total of $88 million, including an $18...

FinTech News

Bilt Mastercard Now Available to All as Wells Fargo Joins as Issuer

by Fioney StaffMar 30, 2022

These days, several credit cards emphasize rewards in a variety of spending categories. However, one of the largest expenses that Americans face on a monthly basis has largely been left out of the credit card rewards conversation: rent. That's why, last year, Bilt Rewards was launched as a way for consumers to earn rewards on rent, including the introduction of a credit card that didn't penalize rent payments with fees...

FinTech News

Jeeves, A FinTech Startup for Startups, Raises $180 Million

by Fioney StaffMar 28, 2022

Following a record-breaking 2021, FinTech continues to show strength so far in 2022. Continuing that trend, a startup that offers banking-as-a-service products to other startups has closed a new megaround. Last week, Jeeves announced that it had closed an oversubscribed $180 million round. The Series C was led by Tencent along with participation from GIC, Stanford University, Andreessen Horowitz, CRV, Silicon Valley Bank, Clocktower Ventures, Urban Innovation Fund, and others. Impressively, this...

FinTech News

SoFi Debuts Auto Crypto Purchase Option for Direct Deposit Customers

by Fioney StaffMar 24, 2022

Despite some turbulent times, cryptocurrencies remain a popular topic and investment. In turn, the FinTech leader SoFi has announced a new feature that will allow customers to automatically invest in crypto when they receive direct deposit funds. With the new feature, SoFi Invest customers who also use the recently-launched SoFi Checking & Savings will be able to select a portion of each paycheck to be used to purchase crypto assets....

FinTech News

Robinhood Announces Cash Card, Replaces Cash Management Offering

by Fioney StaffMar 22, 2022

More than two years after Robinhood officially launched its Cash Management account, the popular investment app is set to replace it with a new offering. Today, the company announced the impending debut of the Robinhood Cash Card. With the new card, users will be able to earn rewards and automatically grow their investment portfolio while making everyday debit purchases. According to a blog post on the company's site, the Robinhood...

FinTech News

Insurtech Giant Policygenius Closes $125 Million Round

by Fioney StaffMar 21, 2022

As the FinTech sector has expanded over the years, new subsections of the space have grown as well. Among them is the "insurtech" field, which not only features startups offering traditional insurance products via new means but also features other businesses looking to improve the insurance-buying process through aggregation. One of the largest names in the latter category is Policygenius. Now, continuing to show its dominance, the platform has raised...

FinTech News

Varo Bank Expands Its Cashback Program "Perks"

by Fioney StaffMar 17, 2022

These days, there are plenty of ways for shoppers to save money. From digital coupons to price comparison tools, buying online definitely has its advantages. On top of that, in recent years, cashback marketplaces have become increasingly common, allowing consumers to earn a percentage of their purchase back as a rebate just for using specific links or using a particular card in-store. That was also the basic idea behind the...

FinTech News

DeFi Analytics Platform Treehouse Financial Raises $18 Million

by Fioney StaffMar 16, 2022

As decentralized finance (DeFi) grows in popularity, the number of consumers looking to get involved has grown considerably. Of course, that can require a bit of a learning curve. In turn, FinTechs that make the space more approachable have not only found success with customers but also investors. Such is the case with Treehouse Financial, which just announced its latest funding round. This week, Treehouse announced that it had raised...