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
Current Banking App Adds Cryptocurrency Trading
It wasn't that long ago that buying and selling cryptocurrencies required consumers to navigate a number of unfamiliar platforms and systems. However, that has long since changed with the advent of Coinbase and, later, the integration of crypto trading into other popular FinTech offerings. The latest example of the latter comes from Current, which will now allow customers to buy and sell select cryptocurrency assets. This week, Current debuted its...
FinTech News
FinTech Upgrade Now in Top 25 U.S. Credit Card Issuers
Nearly three years ago, Upgrade debuted its first credit card offering aptly named Upgrade Card. Since then, the company has regularly added to its slate of cards, landing it a spot on the list of the Top 50 U.S. Credit Card Issuers according to a Nilson Report. Now, the October 2022 edition of that list finds Upgrade moving from the top 50 to the top 25. Not only did Upgrade...
FinTech News
Crypto Checking Account Juno Closes $18 Million Series A
Despite the so-called "Crypto Winter" continuing, a FinTech that bills itself as a checking account for crypto natives has just secured a significant investment. This week, Juno announced that it had raised $18 million in funding. The Series A was led by ParaFi Capital’s Growth Fund with additional participation from Hashed, Jump Crypto, Uncorrelated Fund, Greycroft, Mithril, Antler Global, 6th Man Ventures and Abstract Ventures. Previously, the company closed a...
FinTech News
Debt Payoff App Tally Raises $80 Million
A well-known FinTech app that offers debt consolidation to consumers has just secured a major investment. Today, Tally announced that it had raised $80 million in its latest funding round. The Series D was led by Sway Ventures, while Menora Mivtachim along with previous investors Kleiner Perkins, Andreessen Horowitz, Shasta Ventures, Cowboy Ventures also participated. With the new funding, Tally plans to further expand its debt pay-down platform and continue...
FinTech News
Tongo Closes $7 Million Seed Round
For most Americans, there's predictability that comes with their paychecks. After working their hours, they receive pay for that work within a couple of weeks. However, real estate agents traditionally haven't enjoyed such a schedule as their pay depends on a home sale to close. That's something the FInTech Tongo is looking to change — with the startup recently raising money to help fuel its growth. This week, Tongo announced...
FinTech News
Robinhood Raises APY on Uninvested Cash to 3% for Gold Users
With interest rates on the rise after yet another Federal Reserve rate hike, the popular stock trading app Robinhood is upping the amount customers can earn on their cash. Effective as of last week. Robinhood customers who opt into the brokerage cash sweep program can earn up to 3% APY on their uninvested funds. Specifically, those who subscribe to Robinhood Gold will earn the 3% APY rate, while all other...
FinTech News
