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 Credit-Building Card Startup Tomo Raises $10 Million
Another FinTech disruptor has just revealed a significant early-round investment. Earlier this week, TomoCredit announced that it had raised $10 million. The Series A was led by Kapor Capital and KB Investment Inc. with additional participation from Lewis & Clark Ventures. This round follows Tomo's $7 million seed round closed in February of this year, bring its funding to date up to $17 million. With the cash, the company says...
FinTech News
Credit Card Points App MaxRewards Raises $3 Million Seed Round
With enthusiasm for credit cards that offer points, miles, and cashback continuing to grow, a FinTech app that helps consumers keep track of their earnings is now catching the eyes of investors. Recently, MaxRewards announced that it had raised $3 million. The seed round was co-led by Dundee Venture Capital and Calano Ventures with participation from FinTech Ventures Fund, Service Provider Capital, and Fleetcor president Nick Izquierdo. This investment comes as the app has been...
FinTech News
Varo Bank Raises $510 Million in Oversubscribed Funding Round
FinTech's "megaround mania" continues as Varo Bank has just announced an oversubscribed $510 million funding round. The Series E was led by new investor Lone Pine Capital while Declaration Partners, Eldridge, Marshall Wace, Berkshire Partners / Stockbridge, and others also participated. This comes after the bank raised a $241 million Series D in June 2020 followed by a $63 million corporate round in February 2021. Varo's latest funding comes just over...
FinTech News
Mastercard to Acquire European Bank Connection API Aiia
Mastercard is back to buying up FinTechs. This week, the company announced plans to acquire to European open banking technology provider Aiia — although terms of the deal were not disclosed. The planned acquisition of Aiia comes less than a year after Mastercard completed its purchase of open banking platform Finicity for $825 million. Of course, that transaction followed Visa's announcement that it would purchase Plaid for a whopping $5.3 billion....
FinTech News
Survey Finds Nearly Half of Respondents Have Purchased Some Crypto
With cryptocurrencies continuing to expand into the mainstream, a recent survey shows a significant number of consumers have invested in Bitcoin, Ether, or other coins. According to a survey commissioned by the digital asset marketplace Bakkt, 48% of respondents had purchased at least some amount of cryptocurrency in the past six months. While 19% of those surveyed said that they'd invested $100 or less in crypto, 5% reported buying more...
FinTech News
Premium Debit Card Startup Point Raises $46.5 Million
With many consumers still wary of the trappings inherent to credit cards, a FinTech with a focus on creating a more rewarding debit card has just announced a new found of investment. As TechCrunch reports, neobank startup Point has closed a $46.5 million funding round. The Series B was led by returning investor Valar Ventures while Breyer Capital, YC Continuity, and Human Capital also participated. This round follows Point's $10.5...
FinTech News
