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
BON Credit Announces $3.5 Million Funding Round
by Kyle Burbank
A FinTech startup aimed at Gen Z users has raised a new round of funding. About BON Credit's Funding Round: San Francisco-based startup BON Credit has revealed a $3.5 million funding raise. The seed round was led by VenturesLab with participation from Hustle Fund, Outside VC, MBA Ventures, Sequoia Scout Fund, Accel Partners Scout Fund, and others. BON was also incubated by Foundation Capital and Inception Studio. With the new...
FinTech News
Klarna Introduces More Membership Tiers with New Perks
by Kyle Burbank
The "buy now, pay later" (BNPL) app Klarna has launched new membership tiers that include perks ranging from media subscriptions to airport lounge access. About Klarna's New Premium and Max Plans: This week, Klarna rolled out two new membership tier options for U.S. members: Premium and Max. These join the existing Core and Plus plans, which cost $4.99 a month and $9.99 per month, respectively. Each tier includes the Klarna...
FinTech News
Robinhood to Demo New Features at Keynote Event This Month
by Kyle Burbank
Robinhood is set to give a glimpse into its future during a keynote event. About the Robinhood Presents: YES/NO Event: Later this month, Robinhood will hold its latest event and highlight its upcoming additions. CEO Vlad Tenev will take the stage at Summit Skywalker Ranch on December 16th to discuss the company's next steps. The keynote will stream live in the Robinhood app as well as on X and YouTube...
FinTech News
Revolut Reaches $75 Billion Valuation with Latest Fundraising
by Kyle Burbank
The London-based neobank Revolut has announced a new valuation milestone. About Revolut's Fundraising and Valuation: This week, Revolut revealed the completion of its latest fundraising process. While the FinTech did not state how much was raised, it did state the share sale gave the company a valuation of $75 billion. For context, it was valued at $45 billion last year and at $5.5 billion after a Series D back in...
FinTech News
Model ML Raises "One of The Largest FinTech Series A Rounds"
by Kyle Burbank
An AI automation platform for financial services has raised what they describe as one of the largest FinTech Series A rounds in history. About Model ML's Funding Round: This week, Model ML revealed that it had raised $75 million. The Series A was led by FT Partners with participation from Y Combinator, QED, 13Books, Latitude, and LocalGlobe. To date, the company has now raised $87.5 million, including a $12 million...
FinTech News
Made Launches Essential Card for Homeowners, Raises $8 Million
by Kyle Burbank
The homeowners' rewards credit card market is heating up as a new competitor has launched following a successful Seed round. About Made's Seed Round: Made, a FinTech intent on helping homeowners "save time, money, and stress" has announced $8 million in new funding. The "oversubscribed" seed round was co-led by Jump Capital and Village Global. Additionally, Made is partnering with Fairway Home Mortgage Corporation to make the Made Essential Visa... FinTech News
Intuit Partners with OpenAI For "Future of Financial Intelligence"
by Kyle Burbank
FinTech giant Intuit has announced a partnership with OpenAI — the company behind ChatGPT. About the Intuit-OpenAI Partnership Today, Intuit (which owns TurboTax, Credit Karma, QuickBooks, and Mailchimp) revealed a new strategic partnership with OpenAI. Together, the companies plan on creating "the future of Financial Intelligence" by integrating AI technology into Intuit products, while also making a money insight tool available to customers. As Intuit notes, ChatGPT is regularly asked...