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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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…
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Payroll API Provider Zeal Announces $13 Million Series A
FinTech’s record-breaking year rolls on as the payroll API provider Zeal has announced a $13 million funding round. The Series A was led by Spark Capital with Commerce Ventures and various individual investors also participating. Among those numerous individual investors, one of the most notable is Robinhood co-founder and CEO Vlad Tenev. This latest funding comes nearly 18…
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FICO Survey: 71% of Americans Willing to Open a Bank Account Digitally
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…
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Vast Bank Introduces Crypto Banking Service and App
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…
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Fractional Trading Platform DriveWealth Raises $450 Million
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…
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FinTech Firm One Announces $40 Million Funding Round
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…
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Neobank Chime Now Valued at $25 Billion Following Latest Round
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…
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Upgrade Announces $105 Million Round at $3.3 Billion Valuation
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…
