Category: FinTech News
FinTech News
FinTech News
Cash Back App Slide Adds Crypto Payment Support Via BitPay
In recent months, cryptocurrencies have continued to creep into the mainstream consiousness. This includes a growing number of integrations allowing consumers to actually spend Bitcoin and other assets instead of merely holding them for investment reasons. The latest example of this is Slide, which is now partnering with BitPay to give users the chance to pay for gift cards using crypto. Slide is a mobile app from Raise Marketplace where...
FinTech News
FinTech-as-a-Service Startup Unit Makes Its Debut
Despite numerous challenges, the FinTech industry has managed to have a fairly successful year. From significant funding rounds to major acquisitions, there was plenty of big and positive news to go around. Now, as the year nears an end, the disrupters may be seeing their own disruption as the startup Unit brings their banking-features-as-a-service model to market. Last week, Unit not only announced its official launch but also revealed that...
FinTech News
Rakuten Network Powers Cashback Offers in Google Pay
Recently, Google Pay unveiled an overhauled app for both Android and iOS. With the update, the app took on a new focus toward personal finance, while also providing other services such as peer to peer payments. Now, Google Pay users will be able to earn cashback rewards for select retailers thanks to a partnership with the Rakuten In Store Network. By activating eligible linked cards in their Google Pay wallet,...
FinTech News
FinTech Step Announces $50 Million Round with Celebrity Participants
As 2020 draws to a close, it seems that FinTech deals aren't done just yet. Last week, the online banking platform Step announced it had raised $50 million. The Series B was led by Coatue with participation from Stripe, Crosslink Capital, Collaborative Fund, and Dreamers VC. Additionally, several celebrities have invested in the startup, including Charli D’Amelio, Justin Timberlake, Eli Manning, Larry Fitzgerald, and others. With the latest funds, Step...
FinTech News
DoJ Okays Intuit's Credit Karma Acquisition, Credit Karma Tax Sale to Square
Back in February, Intuit announced plans to purchase the free credit score site Credit Karma for a whopping $7.1 billion. However, as always, the deal was subject to regulatory approval. Now, the company has revealed that it's entered into a consent decree with the U.S. Department of Justice as well as an Assurance of Discontinuance with the New York State Attorney General. As a result, the path is now cleared...
FinTech News
Insurtech Company Hippo Scores $350 Million Investment
Palo Alto-based insurtech startup Hippo just announced that it's raised another $350 million. The impressive raise comes exclusively from Mitsui Sumitomo Insurance Company, Limited and brings the company's total funding to date to $709 million. Instead of being aside a letter, the round is being described as simply a "venture round." The investment comes just four months after the company's $150 million Series E — which already ranked among the...
FinTech News
