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
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...
FinTech News
Mr. Wonderful's Beanstox App Adds AI-Powered CashTrax Feature
by Kyle Burbank
An investment app co-owned by Kevin O' Leary (A.K.A. Mr. Wonderful) has introduced a new tool to help customers make smart money decisions. About Beastox's CashTax: Beanstox, an app chaired and co-owned by Shark Tank's Kevin O'Leary, is expanding its offerings. Now, customers can access CashTax — an AI-powered money sidekick. Using CashTax, users can connect their bank accounts and credit cards in order to gain spending insights and recommendations....
FinTech News
DTC Real Estate Platform Beycome Raises $2.5 Million
by Kyle Burbank
A platform built for direct-to-consumer real estate transactions has just closed a new round of funding. About Beycome's Funding Round Recently, Beycome announced that it had raised $2.5 million. The seed round was led by InsurTech Fund. Pivot Ventures, the Florida Opportunity Fund, RedShift Capital, Neer Venture Capital, Kima Ventures, Ignite Venture, and Founders Future also participated alongside other strategic and angel investors. With previous seed funding and convertible notes,...
FinTech News
Imprint Raises $150 Million, Reaches $1.2 Billion Valuation
by Kyle Burbank
A FinTech that helps brands create rewards credit cards has closed a new round of funding. About the Funding Round: This week, Imprint announced that it raised $150 million. The Series D was led by Khosla Ventures, while Thrive Capital, Ribbit Capital, Kleiner Perkins, Hedosophia, Spice Capital, and Timeless also participated. Notably, the funding was raised at a valuation of $1.2 billion, securing "unicorn" status for the startup. To date,...
FinTech News
Walmart's OnePay Rolls Out Cryptocurrency Trading
by Kyle Burbank
The FinTech neobanking app backed by Walmart has added cryptocurrency support — and a bonus offer for customers. About OnePay Crypto: OnePay has rolled out cryptocurrency trading in its app. Now, users can buy and sell both Bitcoin and Ethereum. Additionally, customres curious about cryptocurrency can find educational materials explaining the basics. Note that, to be eligible to open a crypto trading account, customers must also have a OnePay Cash...