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
Neon Introduces NFT Vending Machine in New York City
Love them or hate them, NFTs (non-fungible tokens) have exploded over the past year. However, despite the growing popularity, navigating the purchasing process remains a mystery for many — especially those not well-versed in cryptocurrency. Thus, Neon has unveiled a new solution it believes will help revolutionize the industry: an NFT vending machine. This week, Neon announced the opening of a new NFT vending location in New York City’s Financial...
FinTech News
SoFi Announces Planned Acquisition of Technisys
What's already proven to be a big year for SoFi continued today as the FinTech announced its latest acquisition. This morning, the company announced that it had entered into a definitive merger agreement with Technisys. The all-stock deal is valued at approximately $1.1 billion. Currently, the transaction is expected to close by the second quarter of this year. Founded in 1999, Technisys is a banking-software company that currently powers banking platforms...
FinTech News
Real Estate Crowdfunding Platform Groundfloor Raises $18 Million
A peer-to-peer real estate loan investment platform has just raised a significant amount of money to fuel its growth. Groundfloor has announced an $18 million mixed funding round. This figure actually includes three separate elements. First, the platform raised $5.8 million in equity from Medipower. Additionally, $7.2 million was raised via an equity crowdfunding campaign on SeedInvest, which drew interest from more than 3,600 individuals. Finally, another $5 million was raised through...
FinTech News
Klarna Opens Waiting List for Klarna Card to U.S. Customers
Over the past few years, "buy now, pay later" (BNPL) services have gained popularity as an alternative to credit cards. Yet, one BNPL FinTech is set to launch its own credit card. Klarna has announced the impending arrival of the Klarna Card in the United States from issuer WebBank. When cardholders use the Klana Card, their purchases will automatically enroll in the platform's "Pay in 4" program — which follows...
FinTech News
BlockFi Agrees to Pay $100 Million to Settle SEC, Individual State Suits
For years, regulators have grappled with how to handle new technologies. This has been especially true when it comes to cryptocurrencies. Now, the crypto firm BlockFi has made headlines after reaching a settlement with the Securities and Exchange Commission, as well as with several state regulators. The SEC has charged BlockFi with failing to register its crypto lending product, as well as with violating registration provisions as outlined in the...
FinTech News
Daffy Raises $17.1 Million to Help Americans Increase Their Giving
A FinTech startup that helps enable more Americans to give is gaining some funds of its own. This week, Daffy Charitable announced that it had raised $17.1 million. The Series A was led by Ribbit Capital with participation from XYZ Capital and Coinbase Ventures. Additionally, more than 50 angel investors participated, including Reid Hoffman, Aaron Levie, Amy Chang, Dylan Field, John Lilly, and Mike Schroepfer among others. With the newly-raised...
FinTech News
