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
MrBeast's Company Acquires Neobanking App Step
by Kyle Burbank
A company founded by YouTube giant MrBeast has acquired a FinTech banking app aimed at younger adults. About the Beast Industries Acquisition of Step: Today, Beast Industries announced that it was acquiring Step. Financial details of the transaction were not shared in the press release. Step is a Gen Z-centric neobanking app that offers credit-building options in addition to checking and savings accounts. The platform also offers fractional share investing.... FinTech News
Robinhood Plans Next Keynote Event, "Take Flight"
by Kyle Burbank
The popular trading app Robinhood has announced another keynote event, set for next month. About Robinhood's "Take Flight" Event Robinhood is making a series of announcements and scheduling a presentation titled "Take Flight." The keynote will take place on Wednesday, March 4. True to the title and theme of the event, it will take place live at the TWA Hotel at John F. Kennedy International Airport in New York. According...
FinTech News
Varo Bank Reveals $123.9 Million Series G Funding Round
by Kyle Burbank
The first FinTech to gain a national bank charter continues to raise funds. About Varo's Latest Funding Round: This week, Varo Bank announced that it raised $123.9 million in growth investment. The Series G was led by returning investor Warburg Pincus, along with newcomer Coliseum Capital Management. Other existing investors including Northview also participated, increasing their investments in the bank. Along with this update, Varo is adding two new members...
FinTech News
OnePay Latest App to Partner with April to Offer Free Tax Filing
by Kyle Burbank
You can add OnePay to the growing list of platforms customers can now use to file their tax returns. About the OnePay-April Partnership: Walmart-backed FinTech OnePay is introducing a new feature just in time for tax season. Now, OnePay Cash customers can file their taxes for free using the app. This capability comes courtesy of April. Using this feature, users can file both federal and state returns for no cost....
FinTech News
Capital One Set to Acquire FinTech Platform Brex
by Kyle Burbank
Capital One is looking to add another acquisition to the list as it's made a deal to acquire a FinTech platform. About Capital One's Acquisition of Brex: Recently, Capital One announced that it had reached a definitive agreement to acquire Brex. The deal is valued at $5.15 billion, which includes a mix of stock and cash. This transaction is subject to closing conditions, but is expected to be completed "in...
FinTech News
OnePay Introduces After Purchase "Swipe to Finance" Feature
by Kyle Burbank
Walmart-backed FinTech OnePay is partnering with Klarna to bring customers a new way to finance purchases. About OnePay Swipe to Finance: This week, OnePay (formerly ONE Finance) revealed the latest addition to its lineup of financial services: Swipe to Finance. With this option, OnePay Cash customers can opt for a pay-over-time plan after making a purchase. As with the larger OnePay Later platform, this "Swipe to Finance" feature will be...
FinTech News
PayPal Partners with April to Provide Free Tax Filing Option
by Kyle Burbank
This tax season, PayPal debit card customers will have a new, free option for filing their tax returns. About the PayPal-April Partnership PayPal has announced a new feature that will allow PayPal Debit Mastercard customers in the United States to file their taxes for free. This capability comes courtesy of April. According to PayPal, customers who take advantage of this offer can save approximately $160. That's because April's services include...