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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Rewards and Savings App Super.com Raises $85 Million
A FinTech app that aims to save consumers money on everyday purchases has garnered a new round of investment. This week, Super.com announced that it had raised $85 million. The Series C was led by Inovia Capital and also included participation from new and returning investors. Among the latter were Inovia Capital, Telstra Ventures, Acrew, Lion…
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Clerkie Raises $33 Million in Oversubscribed Series A
A FinTech that looks to create a better debt repayment system for creditors and borrowers has closed a new round of investment funding. This week, Clerkie announced that it had raised $33 million. The oversubscribed Series A was led by Left Lane Capital, while Wellington Management Company, Flourish Ventures, Citi Ventures, CMFG Ventures, and Vestigo…
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Clear Street Announces $270 Million Addition to Series B
A FinTech that provides financial infrastructure to various businesses has added to their already-impressive funding round. Earlier this week, Clear Street announced that it had raised $270 million. The additional funds bring the firm’s Series B to a total of $435 million. This latest tranche came from Prysm Capital and valued the company at $2…
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Aspiration Discontinuing Zero Credit Card, Continues Pivot
The climate-conscious FinTech Aspiration is making some changes. This week, the company announced that it was discontinuing its Aspiration Zero credit card. According to an FAQ page pertaining to the card, the neobank notes that all Aspiration Zero accounts will be closed as of May 3rd, 2023. As of that date, customers will no longer be…
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SoFi Announces Acquisition of Wyndham Capital Mortgage
The FinTech-turned-bank SoFi is making another major purchase. Today, the company announced that it was acquiring Wyndham Capital Mortgage. While SoFi notes that it was an all-cash transaction, the terms of the deal were not disclosed. Founded in 2021, the Carolina-based Wyndham Capital Mortgage has helped more than 100,000 borrowers. Furthermore, the company has a…
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Family Banking Service Greenlight Introduces Greenlight for Banks
In recent years, a number of FinTechs have set their sights on financial education, creating banking experiences suited for children, teens, and young adults. Among these brands is Greenlight, which offers tools and perks for children and parents. Now, the startup has announced the launch of Greenlight for Banks. With the new program, banks and…
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Credit-Building Tool StellarFi Raises $15 Million
A credit-building platform is adding to its coffers, announcing a fresh injection of funding. This week, StellarFi (previously known simply as Stellar) announced that it had closed a $15 million round. The Series A was led by Acrew Capital, while ATX Venture Partners, Trust Ventures, Dream Ventures, Interplay, Accomplice Ventures, Vera Equity, FJ Labs, Fiat…
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Survey: Consumers Want Financial Recommendations from Banks
Since the advent of online banking, it’s been easier for customers to check their balances, make transfers, and conduct other transactions from their computer or smartphone. However, a new survey highlights the fact that banks could be doing more with their digital platform to please customers. According to a Sopra Steria and IPSOS report, nearly…
