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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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…
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Wagestream Announces $175 Million Investment Round
A FinTech platform aimed at helping workers improve their financial health has raised a significant investment for itself. This week, Wagestream announced it had raised a total of $175 million as part of its latest funding round. The Series C includes a $60 million equity component led by Smash Capital — a U.S.-based firm that…
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Robinhood Adds Support for Four New Crypto Assets Including SHIB
At long last, Robinhood is bringing more cryptocurrency options to its platform. Today, the app announced that, for the first time in years, it was adding support for new crypto assets. Now, customers can buy and sell Compound (COMP), Polygon (MATIC), Solana (SOL), and Shiba Inu (SHIB). These assets join previously supported coins including Bitcoin,…
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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…
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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…
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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…
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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,…
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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…
