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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On-Demand Worker Pay FinTech Clair Raises $175 Million
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…
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Goldman Sachs Reportedly Looking to Sell Apple Card to Amex
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…
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U.K.-Based FinTech Volt Raises $60 Million for U.S. Expansion
A real-time payments startup from the United Kingdom has raised a new round of funds ahead of a planned expansion to the United States. About the round: Earlier this week, Volt announced that it had raised $60 million. The Series B was led by Silicon Valley-based IVP, while newcomer CommerzVentures as well as existing investors…
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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…
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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,…
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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…
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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…
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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.…
