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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Upgrade Launches Cashback Shopping Portal for Card Customers
Fans of the FinTech service Upgrade could now have a new option for shopping online. This week, the company announced the launch of Upgrade Shopping — a new shopping portal available to Upgrade Card customers. With the new platform, cardholders can earn cashback on purchases from more than 20,000 local and national merchants. For online…
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FloatMe Announces $16.2 Million Funding Round
For years, overdraft fees have been the bain of many consumers’ banking lives. While a mistake or late payday might lead their account to fall just below $0, their debt would be exacerbated by a fee of $35 or more — with additional fees hitting as more negative transactions arose. Now, a FinTech whose aim…
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UBS to Acquire Roboadvisor Wealthfront for $1.4 Billion
Earlier this week, Hazel — a company backed by Walmart and Ribbit Capital — made headlines by revealing plans to purchase both One Finance and Even. While the deal was notable for its novelty and the potential scale that Walmart offers, it didn’t take long for it to be topped by another major FinTech acquisition.…
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Walmart, Ribbit-Backed Hazel to Acquire One Finance and Even
Just over one year ago, it was announced that Walmart and venture capital firm Ribbit would be partnering to launch an independent FinTech, with the company later being named Hazel. Today, it was announced that Hazel would be acquiring two companies: Even and One Finance. Once the transactions are completed — which is expected to…
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TPG, American Airlines Suing Each Other in Data Syncing Dispute
When most consumers think about FinTech, one of the first examples that often comes to mind are aggregation apps. With apps such as Mint, Personal Capital, and many more, users can gather all of their financial account data in one place, making it easier for them to manage their money. However, the institutions on the…
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Cash App Adding Lightning Network Support for Bitcoin Payments
Following an eventful 2021 (and a recent price crash), Bitcoin is looking to have a big year in 2022. Specifically, while many in the public see the crypto asset as a speculative investment play, a greater number of companies are working to make Bitcoin payments a more common reality. Among them is Block, Inc. (formerly…
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FinTech Funding Grows 169% in 2021 to Reach New Record
Anyone paying attention to the FinTech field throughout 2021 could probably guess that it was a record-breaking year. Sure enough, new figures from CB Insights confirm that to be the case. According to the latest State Of Venture report, FinTechs raised a combined total of $131.5 billion in 2021. That marks a 169% increase over…
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FinTech Prosper Introduces Credit-Building Card
For years, FinTechs have been disrupting the credit industry. From websites like Credit Karma making it easier for consumers to understand their credit reports to various platforms looking beyond credit scores and utilizing alternative algorithms to determine creditworthiness, there are now several credit-building opportunities available to Americans that weren’t there previously. Now, the marketplace lending…
