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
Robinhood Rolling Out Stock Lending Feature
Robinhood users who want to potentially get some extra return from their investment holdings may soon have the opportunity to do just that. This week, the app announced the launch of a new Stock Lending feature. According to a blog post on the company's site, this option will allow investors to earn passive income by lending out their holdings. When users opt into the program, Robinhood will match up lenders...
FinTech News
Truist Bank Acquires Long Game Mobile Savings App
After many years and evolutions, the prize-linked savings platform Long Game is entering a new phase after being purchased by one of the largest banks in the United States. Today, Truist Bank announced that it had acquired the gamified savings app. Terms of the deal were not disclosed, but Long Game has previously raised $17 million in funding. According to Truist, the bank plans to leverage the app's technology in...
FinTech News
Concerto Raises $21 Million to Launch Credit Cards from Four MLB Teams
A startup that aims to create loyalty-minded co-branded cards has announced a major investment and partnerships to bring its vision to life. This week, Concerto announced that it had raised $21 million in early-stage funding. The round was led by Matrix Partners, while PayPal Ventures and GoldenTree Asset Management also participated. Furthermore, GoldenTree has created a joint venture with Concerto and will fund at least $2 billion in credit card...
FinTech News
DeFi Platform Ondo Finance Raises $20 Million
With decentralized finance continuing to capture interest, a DeFi startup has just announced a significant early-stage funding. This week, Ondo revealed that it had raised $20 million. The Series A was led by the Peter Thiel-founded firm Founder Fund as well as Pantera Capital. Other participants include Coinbase Ventures, GoldenTree, Wintermute, Steel Perlot, Tiger Global, and Flow Traders. Previously, Ondo closed a $4 million seed round last year, which was...
FinTech News
Sutton Bank, BHB Announce Banking-as-a-Service Association
With the FinTech sector continuing to grow at a rapid pace, numerous startups have turned to FDIC-insured banks to help power their platforms. These types of partnerships have since become known as "banking as a service," with the licensed institutions being known as BaaS Banks. Now, one such bank is helping create an association to help support like-minded institutions. Sutton Bank and Bankers Helping Bankers have announced the launch of...
FinTech News
Neobank Ando Announces Launch of "Change that Counts" Feature
In celebration of this year's Earth Day (which took place on April 22nd), a growing FinTech unveiled its latest plan to help consumers combat climate change. Last week, Ando formally announced the launch of its Change that Counts feature. Now, customers can elect to round-up their purchases to the nearest dollar, with the change going toward the planting of one tree. For example, a purchase of $4.27 would be rounded...
FinTech News
