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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PayPal Adds Support for External Cryptocurrency Wallet Transfers
Back in October 2020, PayPal made headlines by adding cryptocurrency trading to its immensely popular platform. Then, in March of last year, the company expanded its efforts by introducing Checkout with Crypto — a feature that allowed PayPal users to easily pay for purchases using supported crypto assets. Now, the service is doubling down once…
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Apple Officially Announces “Apple Pay Later” BNPL Service
Apple may not be a traditional FinTech, but once again it’s about to expand its financial technology bonafides. After previously launching its own mobile wallet, credit card, and more, the company is now set to enter the “Buy Now, Pay Later” (BNPL) market. At this year’s Worldwide Developer’s Conference, Apple unveiled its upcoming feature Apple…
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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…
