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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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…
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Ecommerce “CashBack” Platform Fondue Raises $10.5 Million
A FinTech that’s focused on replacing ecommerce coupon codes with a more beneficial solution has just secured a significant investment. This week, Fondue announced that it had raised $10.5 million. The seed round was led by Quiet Capital and Hanaco Ventures, while other participants included Infinity Ventures, Ground Up Ventures, Sugar Capital, Starting Line, R-Squared…
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Power Emerges from Stealth Mode with $16.1 Million Round
When a FinTech startup begins its life, it’s fairly common for it to go under the radar. In fact, some companies seem to prefer this, opting to stay in “stealth mode” until the time is right — such as announcing a product launch or fundraising. That’s the case with a FinTech startup called Power, which…
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Mercury Debuts IO Company Card for Startups
A FinTech banking platform meant to help startups manage their money as they scale is getting into the credit card game. This week, Mercy announced the launch of the IO card. Issued by Patriot Bank, the card carries no annual fee and has 30-day repayment terms. The IO card earns 1.5% cashback on all purchases,…
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Robinhood Debuts “Investor Index” with App’s Most-Owned Stocks
Since the brokerage app Robinhood launched in 2015, its seen more than its fair share of media attention. In addition to high-profile coverage of the company’s own missteps, there’s also been plenty of focus on what types of investments the app’s users are pouring their money into. Now, Robinhood has announced the launch of its…
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Alloy Announces Additional $52 Million for Series C
A FinTech that helps other FinTechs as well as banks to better automate their decision-making process has raised more money on top of its recent “megaround.” Last week, Alloy announced that it had raised another $52 million, with the latest round valuing the company at $1.55 billion. These funds add to the company’s previously-announced $100…
