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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FinTech Home Buying Platform Lower Raises Massive $100 Million Round
They say that good things come to those who wait. Apparently, that’s true when it comes to startups as well. Today, Lower.com announced that it had raised an astounding $100 million Series A led by Accel. The round follows several years of the FinTech bootstrapping its operations, during which time they’ve managed to see $300…
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DeFi Savings Platform Donut Raises $2 Million
Following months of momentum, the past few weeks have been a rollercoaster for cryptocurrencies. Nevertheless, DeFi — short for decentralized finance — and other blockchain-based services have continued to gain the interest of consumers and investors. In fact, one DeFi offering has just revealed its latest funding round. Donut has announced that it raised $2…
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Financial Sevices Platform B9 Announces Launch
A new neobank is ready to welcome the world. After raising $1.9 million in pre-seed funding earlier this year, B9 says it is now ready to launch its financial services app. In a press release, the startup noted that its goal is to amass 100,000 customers by the end of this year. Meanwhile, the app…
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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…
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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,…
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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 $4 billion and will…
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$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…
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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…
