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
Chime Adds Another Service Tier With More Rewards, Perks
by Kyle Burbank
The neobank Chime has rolled out a third service tier to its banking platform. About Chime Prime: Less than one year ago, Chime introduced its premium tier called Chime Plus (previously stylized as Chime+). Now, another tier has arrived: Chime Prime. With Chime Prime, members can earn the highest APY on savings, earn up to 5% back on purchases, and more. For example, qualifying members currently earn 3.75% APY. Prime...
FinTech News
Bilt Rolling Out Neighborhood Concierge Digital Assistant Feature
by Kyle Burbank
Bilt Rewards is bringing a new digital tool to members. About Bilt's Neighborhood Concierge: Today, Bilt unveiled the Bilt Neighborhood Concierge. This free service is integrated into the Bilt app and is meant to help users complete everyday tasks while also accessing exclusive member benefits and more. Among the Neighborhood Concierge tasks cited by Bilt are making rent or mortgage payments, placing maintenance requests (at participating Bilt properties), getting restaurant...
FinTech News
Neobank Chime Announces Partnership with Major League Soccer
by Kyle Burbank
A popular neobank is becoming an official sponsor of Major League Soccer. About the Chime-MLS Partnership: This week, Chime revealed a new partnership with MLS. As part of the agreement, the app will become the Official Retail Banking, Credit Card, and Debit Card Partner of MLS in the United States. Furthermore, Chime will be integrated into the league's events, with the two parties collaborating on "meaningful opportunities to engage supporters,...
FinTech News
Cash App Adds Ability to Request Payment Via a Custom Link
by Kyle Burbank
Block Inc.'s popular P2P app is introducing a new payment option. About Cash App Payment Links This week, Cash App introduced a new peer-to-peer payment medium. Customers can now send payment requests by generating a link in the app. The new feature serves as an alternative to existing Cash App payment methods, which include adding user via Cash Tag, email, or phone number. To utilize this new option, users can...
FinTech News
MrBeast's Company Acquires Neobanking App Step
by Kyle Burbank
A company founded by YouTube giant MrBeast has acquired a FinTech banking app aimed at younger adults. About the Beast Industries Acquisition of Step: Today, Beast Industries announced that it was acquiring Step. Financial details of the transaction were not shared in the press release. Step is a Gen Z-centric neobanking app that offers credit-building options in addition to checking and savings accounts. The platform also offers fractional share investing.... FinTech News
Robinhood Plans Next Keynote Event, "Take Flight"
by Kyle Burbank
The popular trading app Robinhood has announced another keynote event, set for next month. About Robinhood's "Take Flight" Event Robinhood is making a series of announcements and scheduling a presentation titled "Take Flight." The keynote will take place on Wednesday, March 4. True to the title and theme of the event, it will take place live at the TWA Hotel at John F. Kennedy International Airport in New York. According...
FinTech News
Varo Bank Reveals $123.9 Million Series G Funding Round
by Kyle Burbank
The first FinTech to gain a national bank charter continues to raise funds. About Varo's Latest Funding Round: This week, Varo Bank announced that it raised $123.9 million in growth investment. The Series G was led by returning investor Warburg Pincus, along with newcomer Coliseum Capital Management. Other existing investors including Northview also participated, increasing their investments in the bank. Along with this update, Varo is adding two new members...