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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Pomelo Announces $20 Million Venture Capital Funding Round
A FinTech with a unique way to help families send money across borders is exiting “stealth mode” and announcing a seed round. This week, Pomelo announced that it had raised $20 million. In addition to the venture capital, the company also secured $50 million in warehouse facility. Keith Rabois of Founders Fund and Xoom co-founder…
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Zogo, MoneyLion Partner to Provide Users with Financial Education
In recent years, FinTech brands have often discussed how their platforms help make financial services more accessible. Furthermore, many have touted the educational resources they offer alongside these tools, increasing financial literacy as a result. Now, a popular neobank and a growing educational app are teaming up to help meet a similar goal. This week,…
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Income Verification Startup Truework Raises $50 Million
A company that helps lenders close loans with greater ease and speed has secured a significant funding round. This week, Truework announced that it had raised $50 million. The Series C was led by G Squared with participation from returning investors Sequoia Capital, Activant Capital, and Khosla Ventures as well as newcomers Indeed, Human Capital,…
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Truebill App Rebrands to Rocket Money
In recent years, one of the most talked about personal finance apps has been Truebill. Founded in 2015, the platform has since helped users save a reported $250 million — including $150 million this year. Now, Truebill is changing its name and will continue on as Rocket Money. This name change comes following Rocket Companies’…
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Major League Soccer and Neobank Avant Form Partnership
A professional sports league and a FinTech are teaming up to bring fans a new credit card offering. This week, the “credit-first neobank” Avant announced that it had entered into a multi-year partnership with Major League Soccer. As part of that deal, the company will soon be launching a co-branded credit card called the MLS…
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Cardless Partnering with American Express for Future Cards
A growing digital credit card disruptor and one of the top card issuers in the United States have announced a team up. This week, the FinTech startup Cardless revealed that it had reached a new agreement with American Express. Under this partnership, brands will be able to launch digital-first credit card offerings that utilize the…
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FinTech Funding Falters in Second Quarter of 2022
Following a record-breaking year in 2021, FinTech deals have taken a tumble so far in 2022. In fact, in Q2, the total amount of funding among startups in the sector fell to a six-quarter low. Similarly, other metrics such as the number of unicorn “births” were also down. According to the latest CB Insights report,…
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Chipotle Launches “Buy the Dip” Game, Adds Crypto Payments
So far, 2022 has proven to be a tumultuous year for cryptocurrencies. Not only have individual investors felt some pain as prices for numerous assets have taken some tumbles but some crypto-centric firms have even had to lay off staff or file for bankruptcy. But, despite so-called “crypto winter” in effect, one popular restaurant is…
