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.
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BlockFi Latest Crypto Platform to Halt Withdrawals
With cryptocurrency exchange FTX filing for bankruptcy (after an acquisition deal with rival Binance fell through), the company’s fall is impacting other crypto FinTechs as well. That now includes BlockFi. Last night, BlockFi announced that it was pausing withdrawals for customers and also requested that users not deposit funds at this time. In a statement…
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Tellus Raises $26 Million to Fuel Continued Growth
A company that helps consumers grow their savings via real estate has just closed an early investment round itself. This week, Tellus announced that it had raised a total of $26 million. That includes a $16 million seed round led by Andreessen Horowitz, as well as a $10 million SAFE note from early investors. Also…
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Zip Expands Pay-in-4 Platform with Launch of Zip Card
With demand for “buy now, pay later” services still proving strong, the BNPL platform Zip has revealed its latest offering. Previously known as Quadpay, the Australian FinTech has announced the launch of Zip Card in the United States. Using the card, customers will be able to utilize the company’s “Pay-in-4” service nearly anywhere Visa is…
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MoneyGram Adds Support for Buying, Selling, and Holding Crypto
Before the days of digital peer-to-peer money transfer, consumers relied on such services as MoneyGram to send money to loved ones. As technology as shifted, however, MoneyGram itself has had to evolve beyond its core product. Now, the company is once again expanding its reach by getting into the world of crypto. Recently, MoneyGram joined…
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Cross River to Issue Cards American Express Cards for FinTechs
For years, American Express has been known for issuing its own credit and charge cards — including some premium options. However, while the company has previously worked with other issuers from time to time, these efforts have accelerated as of late. Now, another such agreement has been reached. Recently, Cross River announced a partnership with…
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Robinhood to Launch Retirement Investment Accounts
Over the years, fans of the FinTech app Robinhood have gained a reputation (accurate or not) for being risky and impulsive market players. However, the company will soon look to promote long-term investments by introducing retirement accounts on the platform. During a third quarter earnings conference call with investors, co-founder CEO Vlad Tenev formally announced…
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“Smart Wallet” Tool Kudos Raises $7 Million
A FinTech that aims to help online shoppers choose the best credit card for their purchase has just raised a significant early funding round. Recently, Kudos announced that it had raised $7 million as it launches its “smart wallet” browser extension. The seed round was led by Patron and included participation from QED Investors, SciFi…
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Upgrade Introduces Premier Savings Account with 3.50% APY
Throughout this year, interest rates have skyrocketed thanks to a series of aggressive moves from the Federal Reserve. While this is bad news for those borrowing funds, it also means that the interest consumers are earning from savings accounts has also been on an upward swing. Now, the FinTech Upgrade is unveiling a high-yield savings…
