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.
-
Lottery-Inspired Savings Platform Yotta Raises $13.2 Million
It’s a well known fact that many Americans have trouble building up their savings. With that in mind, several FinTechs have put their spin on digital banking in a bid to encourage good financial habits. Among the firms fitting this description is Yotta, which offers a savings account with a lottery element, allowing account holders…
-
Robinhood Restricts Trading on GameStop, AMC, and Other “Short Squeeze” Stocks
Over the past few days, Wall Street observers have been gripped by a battle of sorts playing out between short-seller hedge funds and retail investors. This tug of war has been most prominently displayed in stocks for video game retailer GameStop and movie theatre chain AMC, with both stocks seeing three and even four-figure percentage…
-
Home Lending Tech Platform Roostify Announces $32 Million Funding Round
Another week means another FinTech deal. Today, Roostify announced that it had raised $32 million in its latest round. The Series C was led by Ten Coves Capital with principals at Stone Point Capital as well as returning investors Cota Capital, Mouro Capital, Colchis Capital, Point72 Ventures, and JPMorgan Chase also participating. To date, Roostify has now raised a total of…
-
Curve Raises $95 Million as It Plots U.S. Debut
Just a few weeks into 2021, the FinTech deals market is already starting to heat up. Last week, London-based Curve announced that it had raised $95 million in its latest funding round. The Series C was led by the trio of IDC Ventures, Fuel Venture Capital, and Vulcan Capital. OneMain Financial and Novum Capital also participated. With…
-
Gemini Plans Crypto Rewards Credit Card
With Bitcoin and cryptocurrencies once again garnering a ton of public attention, there seems to be a renewed interest in making such assets as accessible as possible. This not only includes the likes of PayPal allowing users to buy Bitcoin and other tokens but also introducing ways for customers to acquire crypto assets. On that…
-
Visa and Plaid Call Off Acquisition Plans
One of the biggest FinTech deals of the past year will no longer be going forward. This week, Visa and Plaid announced that they have mutually agreed to terminate their merger plans. Visa originally intended to pay $5.3 billion for Plaid in an acquisition that was first announced almost exactly one year ago. The death…
-
Walmart to Launch FinTech Firm with Ribbit Capital
One of the nation’s largest and most iconic retailers is about to enter this FinTech field. This week, Walmart announced that it would be launching a financial technology startup alongside venture capital firm Ribbit. While no details about a name or debut for the company were revealed, the goal of the off-shoot will be to…
-
Mobile Banking App Simple Announces Shut Down
When it comes to FinTech services, the acquisition of a startup can either mean good news for customers thanks to an influx of cash and resources or it could mean deterioration of a product due to neglect. Additionally, while things may seem to be going just fine for an app on the surface, underlying issues…
