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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Pawn Lending Alternative Pesto Announces New Funding Round
A startup that’s looking to disrupt the pawn shop loan market is ready to hit the scene. This week, Pesto announced a new round of funding, while also launching the Pesto Mastercard. About the funding round: The FinTech firm Pesto has revealed a fresh round of funding. While the amount of the round was not…
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Travel Insurtech Brand Faye Raises $10 Million
An insurtech company with a focus on travel has scored a sizable funding round just ahead of the busy summer season. The funding round details: This week, Faye announced that it had raised $10 million. The Series A was led by Munich Re Ventures alongside existing investors Viola Ventures and F2 Venture Capital. Menora Tech…
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Robinhood Introducing 24 Hour Market Trading for Select Stocks
The popular stock trading app Robinhood is readying its latest feature, announcing that it will soon offer “24/5” trading with Robinhood 24 Hour Market. This new addition will allow customers to buy and sell stocks well outside of regular market hours. Specifically, the 24 Hour Market trading hour will run from 8:00 p.m. Eastern on…
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FinTech Card Issuer Cardless Announces $75 Million Credit Facility
The FinTech credit card firm Cardless has secured a new means of capital as it looks to continue its expansion. This week, the company announced that it’d reached a deal with i80 Group, securing a three-year $75 million credit facility. In addition to the credit facility, Cardless has announced that Brian Kelly has invested in the company.…
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Credit Builder Petal Raises $35 Million, Spins Off Prism Data
The credit-building credit card FinTech Petal has announced a fresh round of funding and a big change to their business. First, the company disclosed that it’s raised $35 million. The new funding was led by Valar Ventures with Story Ventures, Core Innovation Capital, and RiverPark Ventures participating as well. Strategic investments from Synchrony and Samsung…
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Vera Equity Announces $20 Million Fund to Invest in Startups
Financial technology companies looking for investment have a new potential partner to turn to. This week, the venture capital firm Vera Equity announced that it has raised a $20 million fund. With this capital, the company will invest in early-stage FinTech startups. While the announcement of the fund has arrived now, Vera has already invested…
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Apple Card Savings Nears $1 Billion in Deposits During First Days
Last month, after previously announcing plans to introduce a savings account, Apple debuted Apple Card Savings. The new offering allows Apple Card customers to automatically deposit their earned cashback into high-yield savings. Now, the account has seemingly seen early success based on the value of initial deposits. According to a report from Forbes, Apple Card…
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Student Loan Benefit FinTech Summer Raises $6 Million
For years, student debt has been one of the most talked about financial topics. What’s more, while the debt itself has become a major part of many Americans’ lives, discussion of student loans has become political due to efforts to forgive certain loan repayments. However, while we wait for resolution on that front, a FinTech…
