Category: 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.
FinTech News
FinTech News
Varo Bank Brings On Wook Chung as Chief Product Officer
A FinTech neobank is gearing up for even greater expansion by bringing some new talent on board. Last week, Varo Bank announced that it had appointed Wook Chung as its Chief Product Officer. According to the company, Chung will lead the bank's vision and initiatives. He will also serve as a key figure of Varo Tech, which looks to blend data, technology, and design. Chung replaces Jon Alferness, who joined...
FinTech News
Groundfloor Surpasses $1 Billion in Retail Investment as it Turns 10
A crowdfunded real estate firm is celebrating a decade of operation. Groundfloor has announced that, since its debut 10 years ago, the platform has now surpassed $1 billion in total retail investment volume. Additionally, the company says that its delivered annualized returns of 10% across its investment offerings during that time, Founded in 2013 by Brian Dally and Nick Bhargava, Groundfloor is a real estate investment platform that makes it easy for consumers...
FinTech News
Zelle Network Grew to 1,800 Institutions in 2022
A popular peer-to-peer payment service saw even greater growth in 2022 according to their latest report. This week, Zelle announced that the number of new financial institutions joining the network increased by 40% last year. What's more, 97% of the new additions were institutions with less than $10 billion in assets. In total, the Zelle network now consists of more than 1,800 banks and credit unions. Elsewhere in its update, Zelle says...
FinTech News
Bakkt to Sunset Consumer-Facing Crypto App, Focus on B2B2C
The FinTech startup Bakkt known for its crypto trading platform and other features has announced that it will be turning its focus to its business-to-business-to-consumer (B2B2C) operations. In turn, the company will be sunsetting its consumer-facing app on March 16th but will allow customers to access their cash and crypto via a web interface. On that date, Bakkt Visa debit cards will also be deactivated. Because of this, customers are...
FinTech News
Fierce Emerges from Stealth Mode, Raises $10 Million
A FinTech startup that looks to help consumers manage their money from one place is making a splash as it emerges from stealth mode. This week, Fierce debuted its iOS app — with an Android app to follow later this year. On top of that, the company revealed that it had raised $10 million ahead of this launch. The seed round include participation from Pendrell, AP Capital, Wheelhouse Digital Studios,...
FinTech News
Car IQ Raises $15 Million to Expand Vehicle Payment Platform
A FinTech that helps turn fleet vehicles into payment tools has just raised a new round of funds. This week, Car IQ announced that it had raised $15 million. The addition to their Series B (which was initially announced in 2021 and amounted to $15 million at the time) was led by Forte Ventures while existing investors including State Farm Ventures, TELUS Ventures, and Avanta Ventures returned to participate. New strategic...
FinTech News
