FinTech News Archives - Page 58 of 94

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.

illustration of a neobank app and debit card
FinTech News

FICO Survey: 71% of Americans Willing to Open a Bank Account Digitally

by Fioney Staff
With the pandemic continue to shape how Americans interact with various institutions, it looks as though Americans are more willing to embrace digital solutions for financial services. According to a recent survey by FICO, 71% of U.S. consumers say they'd be willing to open a bank account digitally — via either a website or mobile app. Interestingly, younger adults were more likely to prefer other methods to digital options. Of...
Cypto price graph in an app
FinTech News

Vast Bank Introduces Crypto Banking Service and App

by Fioney Staff
At a time when cryptocurrency is seeing greater mainstream acceptance, one FDIC-insured bank is now making it easier for their customers to trade and hold crypto assets. The Tulsa-based bank Vast has launched its Crypto Banking platform and app, made possible through a partnership with Coinbase and SAP. According to the company, this makes them the first nationally chartered U.S. bank to allow customers to buy, sell, and hold cryptocurrency...
FinTech News

Fractional Trading Platform DriveWealth Raises $450 Million

by Fioney Staff
Another FinTech mega round is in the books as DriveWealth has just announced that it's raised $450 million. The Series D was co-led by Insight Partners and Accel with "significant participation" from Greyhound Capital, Softbank Vision Fund 2, and Point72 Ventures (which previously led the firm's Series C). Returning investor Fidelity International and new investors Base 10, FTX, and FlightDeck also contributed to the round, which valued the company at...
One Finance app and debit card
FinTech News

FinTech Firm One Announces $40 Million Funding Round

by Fioney Staff
Another neobanking app has just closed a significant investment round. This week, FinTech app One has revealed that it raised $40 million. The Series B was led by Progressive Investment Company, Inc. while Obvious Ventures, Foundation Capital, Core Innovation Capital, and others also participated. With the newly-acquired funds, the company says it plans on scaling its team, expanding their product offerings, and growing its user base. Previously, the FinTech raised...
Chime neobank screenshots
FinTech News

Neobank Chime Now Valued at $25 Billion Following Latest Round

by Fioney Staff
So far in 2021, the FinTech industry has been on a winning streak. Between record-breaking investment rounds, major acquisitions, IPOs, and big announcements, the sector has garnered plenty of attention. Now, Chime is earning FinTech even more headlines following its latest eye-popping funding round and valuation. As CNBC reports, Chime has announced that it raised a whopping $750 million in its latest funding round. The Series G was led by...
Upgrade credit card and app
FinTech News

Upgrade Announces $105 Million Round at $3.3 Billion Valuation

by Fioney Staff
Another FinTech megadeal is in the books as Upgrade has just announced that it raised $105 million in its latest investment round. The Series E was led by Koch Disruptive Technologies (KDT) with BRV and Ventura Capital also participating. To date, Upgrade has raised a total of $307 million, including a $40 million Series D led by Mouro Capital last year. This latest raise valued the company at $3.325 billion....
Venmo Crypto Rewards Credit Cards
FinTech News

Venmo Adds Automatic Cryptocurrency Rewards Option to Credit Card

by Fioney Staff
With interest in cryptocurrencies continuing to expand, another brand is adding crypto support to its credit card offering. Venmo has announced its new Cash Back to Crypto program for Venmo Credit Card customers. With this new option, cardholders can elect to automatically purchase cryptocurrency with the cashback rewards they earn each month. Additionally, those who opt into this program will not have any purchase fees associated with their "Cash Back...
Credit Karma Money Spend logo
FinTech News

Credit Karma Money Adds Bill Tracking Features for Accountholders

by Fioney Staff
The past few years have been busy ones for Credit Karma. In 2019, the free credit score site — which is now owned by Intuit — launched Credit Karma Savings. Later, when an accompanying checking account was added to the mix, the name was changed slightly to Credit Karma Money, including both Save and Spend accounts. Since then, the offering has gained popularity, thanks in part to its Instant Karma...
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Checking Account Review

2025 SoFi Checking and Savings Review

by Kyle Burbank
 Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. That was later sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind is SoFi’s acquisition of Golden Pacific...
Travelers with two Best Western Credit Cards
Credit Card News

Best Western Debuts Two New Rewards Credit Cards

by Kyle Burbank
After pausing applications for their previous rewards card, the hotel chain Best Western has unveiled a new pair of rewards credit cards with a new issuer. About the Best Western cards: Best Western is partnering with First Bank & Trust and Mercury Financial to introduce two new co-branded credit cards. First up is the no-annual-fee Best Western Rewards Visa Signature Card. With this card, customers can 4x points on Best...
Marriott Bonvoy card and a woman on vacation
Credit Card News

Marriott Bonvoy Bold Card Launches Travel Contest

by Kyle Burbank
Chase and Marriott Bonoy have unveiled a special contest while continuing to offer its best-ever welcome bonus. About the welcome bonus and Bold Chat Court Contest: Marriott Bonvoy and Chase have launched a special opportunity called the Bold Chat Court contest. As part of this contest, 10 lucky travelers will be awarded 500,000 Marriott Bonvoy points (for a total of 5 million) as well as $5,000. For this contest, the...
Bilt and All Reward logos
Credit Card News

Bilt Adds 2 New Transfer Partners Including First 3:2 Transfer Rate

by Kyle Burbank
Bilt is once again expanding its travel transfer rewards program — and is even breaking the mold with one new partner. About the new additions to Bilt: This week, Bilt launched partnerships with two more travel brands: TAP Air Portugal and Accor. As a result, Bilt members will now be able to transfer their points to Miles&Go and ALL Reward, respectively. In total, Bilt now has 18 transfer partners including 13...
PayPal Debit Card app
Checking Account Review

PayPal Debit Card Review: Earn Stackable 5% Cash Back

by Kyle Burbank
In recent weeks, PayPal debuted an updated debit card product (perhaps you've seen the incessant Will Ferrell commercials for it during football games?). With the launch of this card, the company known for online payments is encouraging customers to pay with them anywhere. To encourage such behavior, the debit card allows cardholders to earn 5% cashback — although, as you can imagine, there are some important restrictions on that. So,...