FinTech News Archives - Page 31 of 94

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 funding chart
FinTech News

FinTech Funding Falls in Q2 2023 for Lowest Quarter Since 2017

by Kyle Burbank
After reaching soaring highs in recent years, the FinTech funding market has continued to decline — with the latest figures amounting to a multi-year low. About the report: According to CB Insights' State of FinTech report, global FinTech funding totaled $7.8 billion in the second quarter of this year. Not only was this off nearly 50% from the prior quarter (note: Q1 was buoyed by Stripe's $6.5 billion Series I...
Current Build Card
FinTech News

Current Launches a Secured Charge Card: Build Card

by Kyle Burbank
A popular neobank has added a new credit-building feature to its platform. About the Build Card. Recently, Current announced the launch of the Build Card. With this option, customers will be able to build personal credit while avoiding taking on debt. The secured product — which Current's terms bill as a "secured charge card" — allows users to spend using the Build Card and have their balance paid off each...
Karat charge card
FinTech News

Content Creator Financial Platfrom Karat Raises $70 Million

by Kyle Burbank
A charge card and financial platform aimed at content creators has closed a new round of venture funding. About the round: This week, Karat announced that it has raised a new $70 million round. As Crunchbase notes, this includes $30 million in equity and a $40 million debt facility. The equity portion of the Series B round was led SignalFire with participation from returning investors, such as Union Square Ventures,...
Tillful is now part of Nav
FinTech News

Small Business FinTech Platform Nav Acquires Tillful

by Kyle Burbank
Two FinTechs focused on small business finance are joining forces following an acquisition. About the acquisition: This week, the small business financial health tool Nav announced that it was acquiring Tillful. As a result of the deal, the company says it will be able to accelerate the development of its data platform as well as its "product roadmap. With the transaction, many of Tillful's team members will be joining Nav....
Trunk Tools logo
FinTech News

Trunk Tools Emerges from Stealth with $9.9 Million Round

by Kyle Burbank
A FinTech specifically made to serve the construction industry has built itself an impressive seed round. About the round: This week, Trunk Tool emerged from stealth mode to announce a $9 million funding round. The oversubscribed seed round was led by Innovation Endeavors with Fifth Wall, Foundation Capital, and others also participating. Furthermore, the company announced that it had been accepted into the latest Stanford dy/dx program. With the new...
The Street by Tornado app screenshots
FinTech News

TheStreet and Tornado Launch Investing News and Education App

by Kyle Burbank
Well-known finance site TheStreet and FinTech brokerage platform Tornado have debuted a new mobile app that merges the strengths of each. About the app: The new app called TheStreet powered by Tornado is now available for iOS and Android free of charge. According to the two companies, the app combines breaking investment news from TheStreet with Tornado's tech, data, and "a vibrant investing community." Among the features called out in...
Clair payday access illustration
FinTech News

On-Demand Worker Pay FinTech Clair Raises $175 Million

by Kyle Burbank
A FinTech that helps workers receive their pay in a more timely manner has raised a new round of funding. About the round: Clair has announced that it's raised a total of $175 million. This round includes $25 million in equity as well as a $150 million debt facility. As for the equity portion, it was led by returning investor Thrive Capital with participation from Upfront Ventures and Kairos. Additionally,...
Apple Card and Apple Savings app
FinTech News

Goldman Sachs Reportedly Looking to Sell Apple Card to Amex

by Kyle Burbank
It looks as though Goldman Sachs may be looking to pass on the Apple Card to another issuer — specifically American Express. What's happening: According to the Wall Street Journal, Goldman Sachs is currently in talks with American Express to sell its Apple financial services portfolio. This would include the Apple Card as well as the recently-launched Apple Card Savings and Apple Pay Later "buy now, pay later" products. Launched...
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Checking Account Review

2025 SoFi Checking and Savings Review

by Kyle Burbank
 Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. That was later sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind is SoFi’s acquisition of Golden Pacific...
Travelers with two Best Western Credit Cards
Credit Card News

Best Western Debuts Two New Rewards Credit Cards

by Kyle Burbank
After pausing applications for their previous rewards card, the hotel chain Best Western has unveiled a new pair of rewards credit cards with a new issuer. About the Best Western cards: Best Western is partnering with First Bank & Trust and Mercury Financial to introduce two new co-branded credit cards. First up is the no-annual-fee Best Western Rewards Visa Signature Card. With this card, customers can 4x points on Best...
Marriott Bonvoy card and a woman on vacation
Credit Card News

Marriott Bonvoy Bold Card Launches Travel Contest

by Kyle Burbank
Chase and Marriott Bonoy have unveiled a special contest while continuing to offer its best-ever welcome bonus. About the welcome bonus and Bold Chat Court Contest: Marriott Bonvoy and Chase have launched a special opportunity called the Bold Chat Court contest. As part of this contest, 10 lucky travelers will be awarded 500,000 Marriott Bonvoy points (for a total of 5 million) as well as $5,000. For this contest, the...
Bilt and All Reward logos
Credit Card News

Bilt Adds 2 New Transfer Partners Including First 3:2 Transfer Rate

by Kyle Burbank
Bilt is once again expanding its travel transfer rewards program — and is even breaking the mold with one new partner. About the new additions to Bilt: This week, Bilt launched partnerships with two more travel brands: TAP Air Portugal and Accor. As a result, Bilt members will now be able to transfer their points to Miles&Go and ALL Reward, respectively. In total, Bilt now has 18 transfer partners including 13...
PayPal Debit Card app
Checking Account Review

PayPal Debit Card Review: Earn Stackable 5% Cash Back

by Kyle Burbank
In recent weeks, PayPal debuted an updated debit card product (perhaps you've seen the incessant Will Ferrell commercials for it during football games?). With the launch of this card, the company known for online payments is encouraging customers to pay with them anywhere. To encourage such behavior, the debit card allows cardholders to earn 5% cashback — although, as you can imagine, there are some important restrictions on that. So,...