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
Chime is the Overwhelming Leader Among Neobanks
In recent years, Americans have not only been conducting more of their banking online but have also begun moving to digital-only banking options. Often referred to as "neobanks," these FinTechs typically feature a number of perks while charging few if any fees. While the number of such offerings has continued to rise steadily, it seems as though one stands head and shoulders above the pack in terms of customers: Chime....
FinTech News
FinTech Cash Advance Startup Clair Raises $15 Million
Another early-stage FinTech investment round is now in the books. This week, Clair announced that it had raised $15 million. The Series A was led by Thrive Capital — a firm which itself recently raised money, closing its Thrive VII fund at $2 billion in February. Some of Thrive's past FinTech investments include Plaid, Robinhood, Lemonade, among others. Turning to Clair, the latest round brings the startup's total funding to...
FinTech News
FinTech Banking App Dave Going Public Via SPAC
Another FinTech is going public. Today, Dave announced that it would be merging with special purpose acquisition company (SPAC) VPC Impact Acquisition Holdings III, Inc. As a result, the startup will become a publicly traded company, with the listing going by the ticker symbol $DAVE. The transaction values Dave at approximately $4 billion and will put $375 million in cash on the combined company’s balance sheet. Since debuting in 2017,...
FinTech News
$SOFI Debuts on Nasdaq Stock Exchange
One of the biggest players in the FinTech space is now a publically traded company. Yesterday, SoFi officially hit the Nasdaq stock exchange, trading under the ticker symbol $SOFI. During its first day of trading, the stock closed at $22.65 — up 12%. As of this writing, $SOFI continues to rise today, trading for as much as $24.83 during the day. SoFi's IPO comes after its merger with special purpose acquisition...
FinTech News
FinTech MotoRefi Raises $45 Million
As more Americans look to save money on their auto loans, one FinTech is seeing significant growth — and attracting investors. Last week, MotoRefi revealed that it had raised $45 million. The Series B was led by bank Goldman Sachs with additional participation from Motley Fool Ventures, Moderne Ventures, Link Ventures, IA Capital Group, CMFG Ventures, and Accomplice. This comes just four months after MotoRefi's $10 million Series A, which...
FinTech News
Bitcoin Rewards App Fold Raises $13 Million in Funding
It looks as though the app Fold is the latest FinTech to cash in on the current crypto craze. Today, the company announced that it had raised an impressive $13 million. The Series A was led by Craft Ventures while M13, Slow Ventures, Bessemer Venture Partners also participated. With the funds, Fold intends to continue building out its rewards platform and also plans to enable other card issuers to offer...
FinTech News
