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
TomoCredit Closes $122 Million Funding Round
With credit card interest rates on the rise, a company that offers an alternative credit product has announced a new injection of capital to continue its mission. Today, TomoCredit revealed that it had raised $122 million in its latest funding round. That total includes $22 million in Series B equity and $100 million in debt financing. The equity portion of the round was led by Morgan Stanley's Nex Level Fund...
FinTech News
X1 Credit Card Prepares for Public Launch, Raises $25 Million
Nearly two years ago, a new "smart credit card" called X1 was teased to consumers. Now, the card's wide launch to the general public is nearly upon us. Ahead of that, the company behind the product has also announced an impressive investment round. This week, X1 Card revealed that it had raised $25 million. The Series B was led by FPV Ventures, while other participants included Craft Ventures, Spark Capital,...
FinTech News
Stori Reaches Unicorn Status with $50 Million Equity Round
A company looking to bring credit availability to consumers in Latin America is now Mexico's newest "unicorn." Stori has announced that it's raised $150 in funding. This includes a $50 million Series C-2 led by BAI Capital, GIC, and GGV Capital with participation from Lightspeed Venture Partners, General Catalyst, Vision Plus Capital, Goodwater Capital, Tresalia Capital, and Davidson Kempner Capital Management LP. The other $100 million is a debt facility arranged...
FinTech News
Crypto Lender Celsius Files for Chapter 11 Bankruptcy Protection
Following a turbulent month, the crypto lender Celsius has announced that it's filed for Chapter 11 bankruptcy protection. According to CNBC, the company has more than 100,000 creditors, including individual customers. The filing also notes that the company has $167 million in cash on hand as it continues to operate. In a statement, Celsius co-founder and CEO Alex Mashinsky said of the filing, “This is the right decision for our...
FinTech News
FinTech Firm Asset Class Raises $11.6 Million Funding Round
A financial technology company that aims to help "democratize private capital investing" has just gained an investment of its own. This week, Asset Class announced that it had raised $11.6 million in funding. The Series A was led by Canapi Ventures, which is a FinTech-focused VC. New and returning investors including Live Oak Ventures, Plexus Capital, and Total Technology Ventures also participated. This round follows a $3 million seed round...
FinTech News
Klarna Officially Closes $800 Million Down Round
The popular "buy now, pay later" app Klarna has confirmed its latest investment round. Following reports last week, the FinTech has now officially announced that it's raised $800 million in funding. The round builds upon a $639 million venture round the company closed in June 2021. However, while the earlier round valued the company at $45.6 billion, the latest raise cut that valuation to $6.7 billion. Like many other BNPL...
FinTech News
