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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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…
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Canadian FinTech Neo Raises $185 Million at Unicorn Valuation
One of Canada’s fastest-growing FinTech players is celebrating another milestone. This week, Neo Financial announced that it had closed a $185 million round. The Series C was led by Valar Ventures with participation from Tribe Capital, Altos Ventures, Maple VC, Blank Ventures, Gaingels, and Knollwood Investment Advisor. Notably, the round was raised at a valuation…
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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…
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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…
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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…
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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,…
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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…
