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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Gemini Founders Declare “Crypto Winter,” Announce Staff Downsizing
Recent weeks have not been kind to the cryptocurrency market. With Bitcoin trading at around $30,000 per coin, its value is about half of record highs. Similarly, prices for other assets have tumbled as well. In turn, several companies in the crypto space have reported lower earnings. Now, Gemini founders Cameron and Tyler Winklevoss have…
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Viola Credit Closes $700 Million Fund That Will Lend to FinTech Startups
A global alternative credit asset manage firm just raised a lot of money in hopes of partnering with financial startups. Viola Credit announced the closing of a $700 million fund. The fund — known as Viola Credit Alternative Lending Income Fund II — will focus on offering asset-based lending capital solutions to FinTechs, including those in…
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Crypto Tax Platform ZenLedger Raises $15 Million
For years, the tax situation regarding cryptocurrencies has been a bit of a hot topic. In particular, despite not always providing the best guidance, the IRS has repeatedly upped its enforcement of crypto tax rules — even moving a question about crypto to a very prominent spot on the agency’s Form 1040. Now, a startup…
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Banking-as-a-Service Platform Unit Raises $100 Million
Put another tally mark on FinTech “megadeal” board for 2022. This week, Unit announced that it had closed a $100 million round. The Series C was led by Insight Partners. Existing investors such as Accel, Better Tomorrow Ventures, and Flourish Ventures also participated along with newcomers Moving Capital and Stepstone. Notably, the round valued the…
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Robinhood Announces Non-Custodial Web3 Crypto Wallet
After finally rolling out a crypto wallets feature in their trading app and recently listing four additional assets, Robinhood plans to double down on cryptocurrency once again. In a blog post, the company announced that it was developing a non-custodial, web3 wallet. Once launched, this wallet will give users greater total control of their crypto…
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Zilch Launches Its “BNPL 2.0” Platform in the United States Market
The “buy now, pay later” scene has a new entrant. This week, Zilch announced its arrival in the United States. According to the company, the app launched with 150,000 pre-registered customers and comes after the service gained two million U.K customers since its debut there 18 months ago. Elsewhere, Zilch has raised $400 million in…
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Crypto-Backed Card Wirex Celebrates Milestone in U.S. Registrations
It looks as though Wirex is taking a victory lap after a successful entry into the United States market. Today, the platform announced that 150,000 people have registered for the crypto app since it launched in the U.S. a mere six weeks ago. This figure adds to the more than 5 million users Wirex already…
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FinTech Credit Card Platform Deserve Secures $250 Million Credit Facility
With the market for specialized rewards credit cards growing, one popular platform has closed a new deal to help fuel it into the future. This week, Deserve revealed that it had secured a $250 million credit facility from Goldman Sachs, Cross River, and Waterfall Asset Management. Previously, the company raised a $50 million Series D…
