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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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…
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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…
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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,…
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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.…
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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 —…
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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,…
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Future Raises $5.3 Million for Climate Change-Fighting Debit Card
A FinTech looking to help consumers make more eco-conscience purchasing choices has announced a fresh round of investment, This week, Future revealed a $5.3 million investment. The seed round was led by Accomplice, while Active Impact Investments, Techstars Ventures, Urban Impact Ventures, and Climate Capital also participated alongside author and activist Baratunde Thurston. With the…
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Vet Care Financing FinTech Scratch Raises $35 Million
With pet care being a necessity for millions of Americans, a startup that enables pet owners to get their furry friends the services they need by helping them finance the cost has closed a new round of funding. This week, Scratch Financial announced that it had raised $35 million. The Series C was led by…
