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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Automated Identity Verification Tool Veriff Raised $69 Million
One of the major challenges inherent to the FinTech sector involves regulation. While many startups aim to offer an easy and seamless experience to users, there are still several important steps they need to take in order to onboard customers while remaining compliant. This includes verifying the identity of applicants in order to prevent fraud.…
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Plaid Raised $425 Million After Visa Deal Falls Through
If you’ve used any number of financial apps over the past few years, there’s a strong chance that you’ve encountered the name Plaid. The firm’s API allows applications to securely connect to users’ banking accounts and retrieve read-only data, enabling aggregation tools among others. This technology has allowed Plaid to grow into one of the…
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SoFi to Launch IPO Investing Feature for Customers
For many years, while everyday investors may have heard about upcoming initial public offerings (IPOs), buying shares at the original asking price was a right reserved for much larger investors. This reality has remained even as the popularity of retail investment apps has risen. Well, at long last, it seems this could be changing as…
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HighRadius Announces $300 Million Funding Round
When it comes to FinTech, some of the most well-known companies are those that consumers interact with on a regular basis. These include the likes of Square, PayPal, SoFi, Robinhood, etc. However, it’s often the startups that operate “behind-the-scenes” — such as Plaid, Stripe, and others — that actually attract the largest investments. Case in…
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PayPal Introduces “Checkout with Crypto” Option
Over the past few months, cryptocurrencies have seen tremendous growth not only in terms of price but also in mainstream acceptance. The latest example of this comes from PayPal, which just announced the rollout of their Checkout with Crypto feature. With Checkout with Crypto, buyers will have the option to pay for their purchases using…
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Bitcoin Rewards Platform Lolli Raises $5 Million From VCs, Celebrities
With Bitcoin continuing to show strength (despite a few ebbs this week), another startup in the crypto space has announced a new round of investment. This week, the Bitcoin rewards platform Lolli announced that it had secured $5 million in funding. The “pre-Series A” round included participation from firms Seven Seven Six and Night Media.…
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Robinhood Files Paperwork for Planned Initial Public Offering
One of the largest, most popular, and often controversial FinTechs is apparently getting ready to go public. This week, Robinhood announced that it had confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (SEC). While this filing confirms the company’s eventual plans for an initial public offering, the SEC…
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Revolut Applies for U.S. Bank Charter
Another FinTech app has announced that it’s looking to become a bank. As TechCrunch reports, London-based Revolut has filed a draft application with the California Department of Financial Protection and Innovation as well as the Federal Deposit Insurance Corporation (FDIC). If granted, the charter would allow Revolut to offer a greater number of financial services…
