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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Bitcoin Reaches New Record High, Topping $66,000
After a series of ups, downs, and overall volatility that it’s known for, Bitcoin had reason to celebrate this week. On Wednesday, October 20th, Bitcoin reached a new record high after breaking through the $65,000 mark. Furthermore, as of this writing, BTC is now trading above $66,000. Prior to this, the record was recorded at…
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GoHenry Introduces ‘Money Missions’ Encouraging Financial Education
After raising $40 million late last year and expanding into the United States, the kid-centric FinTech app GoHenry has now added a significant feature to its platform. This week, the app announced the debut of Money Missions. With Money Missions, children can learn about various personal finance topics while earning points and leveling up as…
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CB Insights Names FinTech 250 for 2021
As FinTech’s blockbuster year rolls on into the fourth quarter, CB Insights has just released its list of the top 250 FinTechs of 2021. This is the fourth year that the firm has put out the list of private companies selected from a pool of more than 17,000. According to CB Insights, the final list…
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Stock Trading App Public Adding Cryptocurrency Support
As interest in cryptocurrency continues to rise, an increasingly popular stock trading platform has announced that it will now support crypto trades as well. This week, Public announced that crypto trading would be open to app users soon. At launch, users will be able to trade ten initial crypto assets in the app: Bitcoin (BTC),…
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Insurtech Company Ladder Raises $100 Million Round
As the “insturtech” industry continues to grow, one digital term life insurance company just closed a “megadeal” investment. This week, Ladder announced that it had raised $100 million. The Series D was co-led by led by Thomvest Ventures and OMERS Growth Equity. It comes as the company reports that it quadrupled its revenue last year and expects to…
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Mastercard Announces “Mastercard Installments” BNPL Program
Mastercard is getting in on the financing craze. This week, the company announced that Mastercard Installments will soon debut in the United States, Australia, and the United Kingdom. The new feature will enable banks, FinTechs, and others to offer “buy now, pay later” options to customers. Specifically, the company notes that Installments will take on…
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Renter Cash Back Platform Stake Announces $4 Million Funding Round
A FinTech that helps renters earn cashback has just raised some money of its own. This week, Stake announced that it had closed a $4 million funding round. The seed round was led by Shadow Ventures while Hometeam Ventures, Olive Tree Holdings, Blue Field Capital, Hampton VC, Gaingels, and Silicon Valley Connect managing director Ellen Levy also participated. Stake is…
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Goldman Sachs to Acquire Buy Now, Pay Later Platform GreenSky
It looks as though Goldman Sachs is joining the “buy now, pay later” (BNPL) trend. Recently, the bank announced plans to acquire GreenSky in an all-stock transaction valued at approximately $2.24 billion. At this time, the deal is expected to close in Q4 2021 or Q1 2022. GreenSky currently works with more than 10,000 merchants,…
