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
FinTech Funding Hits $28.8 Billion in Q1 2022
Following a record-breaking 2021, FinTech has seemingly continued that hot streak into the new year. Now, that hunch is being backed up by new data that shows a blockbuster first quarter for the sector. According to the latest report from CB Insights, startups in the financial technologies sector closed a combined total of $28.8 billion in deals last quarter. Although that's below the totals of quarters two, three, and four...
FinTech News
FinTech Startup Fidel API Raises $65 Million
What's sure to be another hot year for FinTech continued this week as a company that powers cashback platforms and other services revealed an impressive investment. Today, Fidel API announced that it had closed a $65 million funding round. The Series B was led by Bain Capital Ventures while NYCA Partners, QED Investors, and others also participated. To date, the startup raised a total of $88 million, including an $18...
FinTech News
Bilt Mastercard Now Available to All as Wells Fargo Joins as Issuer
These days, several credit cards emphasize rewards in a variety of spending categories. However, one of the largest expenses that Americans face on a monthly basis has largely been left out of the credit card rewards conversation: rent. That's why, last year, Bilt Rewards was launched as a way for consumers to earn rewards on rent, including the introduction of a credit card that didn't penalize rent payments with fees...
FinTech News
Jeeves, A FinTech Startup for Startups, Raises $180 Million
Following a record-breaking 2021, FinTech continues to show strength so far in 2022. Continuing that trend, a startup that offers banking-as-a-service products to other startups has closed a new megaround. Last week, Jeeves announced that it had closed an oversubscribed $180 million round. The Series C was led by Tencent along with participation from GIC, Stanford University, Andreessen Horowitz, CRV, Silicon Valley Bank, Clocktower Ventures, Urban Innovation Fund, and others. Impressively, this...
FinTech News
SoFi Debuts Auto Crypto Purchase Option for Direct Deposit Customers
Despite some turbulent times, cryptocurrencies remain a popular topic and investment. In turn, the FinTech leader SoFi has announced a new feature that will allow customers to automatically invest in crypto when they receive direct deposit funds. With the new feature, SoFi Invest customers who also use the recently-launched SoFi Checking & Savings will be able to select a portion of each paycheck to be used to purchase crypto assets....
FinTech News
Robinhood Announces Cash Card, Replaces Cash Management Offering
More than two years after Robinhood officially launched its Cash Management account, the popular investment app is set to replace it with a new offering. Today, the company announced the impending debut of the Robinhood Cash Card. With the new card, users will be able to earn rewards and automatically grow their investment portfolio while making everyday debit purchases. According to a blog post on the company's site, the Robinhood...
FinTech News
