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.
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
