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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FinTech B Generous Signs Equity Deal with NFL’s Damar Hamlin
A FinTech aiming to make donating to charity more accessible has announced a partnership with an NFL star. About the deal and B Generous: This week, B Generous announced a collaborative partnership with football player Damar Hamlin. As part of the deal, Hamlin will receive equity in the startup while also working with the firm’s…
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Croissant Launches, Raises $24 Million Seed Round
A FinTech platform that helps power retail reselling has raised a new round of funds upon its launch. About the funding round: The FinTech Croissant recently announced that it had raised $24 million. The seed round included participation from Portage, as well as KKR co-founders George Roberts and Henry Kravis. These funds helped accelerate the…
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FinTech Funding Falls in Q2 2023 for Lowest Quarter Since 2017
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…
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Current Launches a Secured Charge Card: Build Card
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” —…
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Content Creator Financial Platfrom Karat Raises $70 Million
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…
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Small Business FinTech Platform Nav Acquires Tillful
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…
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Trunk Tools Emerges from Stealth with $9.9 Million Round
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…
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TheStreet and Tornado Launch Investing News and Education App
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…
