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
FinTech News
Robinhood to Acquire "Smart Credit Card" Company X1
Two major FinTechs are coming together as the stock trading app Robinhood has announced plans to purchase credit card startup X1. About the deal: In a press release, Robinhood revealed that it intends to acquire X1 for an estimated total of $95 million. The transaction will be all cash and is expected to close in the third quarter of this year. As part of the deal, X1 team members will...
FinTech News
Yendo Raises $24 Million for Vehicle-Secured Credit Card
A startup offering a credit card secured by customers' auto title has just closed a significant venture round. About the funding round: This week, Yendo announced that it had raised $24 million. The Series A was led by FPV Ventures, while existing investors Human Capital and Autotech Ventures also participated. As part of the deal, FPV Ventures co-founder and managing partner Wesley Chan will join Yendo's board of directors. Previously,...
FinTech News
Visa Launches FinTech Accelerator Program in Africa
Over the years, Visa has shown a willingness to work with FinTech startups in various ways. This includes programs such as its Fast Track initiative, as well as its accelerator. On that note, the company is now launching a new accelerator — and one far outside of the United States. What's happening: This week, Visa announced that it would be launching a Visa Africa FinTech Accelerator program focused on mentoring...
FinTech News
Crypto Payments Startup BoomFi Raises $3.8 Million
A FinTech that looks to help merchants accept and convert cryptocurrencies has closed a new round of funding. About the round: This week, BoomFi announced that it had raised $3.8 million. The seed round was led by White Star Capital along with participation from Passion Capital, Blockchain Founders Fund, Kraken Ventures, GSR, Aquanow, and Mantle Network among others. With the new funds, the company says it will work to transform crypto...
FinTech News
Robinhood to Delist Three Coins Amid SEC Crackdown
Over the years, the stock trading app Robinhood has gained an increased focus on cryptocurrencies. This includes adding support for new tokens, introducing built-in wallets to the app, and debuting a standalone, non-custodial Web3 wallet among other efforts. However, the company is now taking one slight step back by removing support for three previously-supported assets. About the delisting: This morning, Robinhood announced that it would be delisting three coins: Cardano...
FinTech News
Roboadvisor Wealthfront Introduces Automated Bond Portfolio
Roboadvisor platform Wealthfront is continuing to expand its product offerings with the debut of a new bond portfolio option. About the feature: This week, Wealthfront announced the official launch of its Automated Bond Portfolio. As the FinTech explains, the first-of-its-kind portfolio combines Treasury and corporate bond ETFs. The result is a portfolio meant to deliver higher yields than savings accounts while retaining a lower risk than other equities. As with...
FinTech News
