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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Imprint Raises $150 Million, Reaches $1.2 Billion Valuation
A FinTech that helps brands create rewards credit cards has closed a new round of funding. About the Funding Round: This week, Imprint announced that it raised $150 million. The Series D was led by Khosla Ventures, while Thrive Capital, Ribbit Capital, Kleiner Perkins, Hedosophia, Spice Capital, and Timeless also participated. Notably, the funding was…
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Walmart’s OnePay Rolls Out Cryptocurrency Trading
The FinTech neobanking app backed by Walmart has added cryptocurrency support — and a bonus offer for customers. About OnePay Crypto: OnePay has rolled out cryptocurrency trading in its app. Now, users can buy and sell both Bitcoin and Ethereum. Additionally, customres curious about cryptocurrency can find educational materials explaining the basics. Note that, to…
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SoFi Launches New “Smart Card,” Drops Free Option for SoFi Plus
SoFi has announced some updates to its SoFi Plus premium membership, including the debut of the Smart Card. About the SoFi Smart Card: Today, SoFi announced the expansion of its SoFi Plus membership with the impending debut of the SoFi Smart Card. With the Smart Card, customers can earn 5% back on grocery store purchases.…
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BON Credit Announces $3.5 Million Funding Round
A FinTech startup aimed at Gen Z users has raised a new round of funding. About BON Credit’s Funding Round: San Francisco-based startup BON Credit has revealed a $3.5 million funding raise. The seed round was led by VenturesLab with participation from Hustle Fund, Outside VC, MBA Ventures, Sequoia Scout Fund, Accel Partners Scout Fund,…
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Klarna Introduces More Membership Tiers with New Perks
The “buy now, pay later” (BNPL) app Klarna has launched new membership tiers that include perks ranging from media subscriptions to airport lounge access. About Klarna’s New Premium and Max Plans: This week, Klarna rolled out two new membership tier options for U.S. members: Premium and Max. These join the existing Core and Plus plans,…
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Robinhood to Demo New Features at Keynote Event This Month
Robinhood is set to give a glimpse into its future during a keynote event. About the Robinhood Presents: YES/NO Event: Later this month, Robinhood will hold its latest event and highlight its upcoming additions. CEO Vlad Tenev will take the stage at Summit Skywalker Ranch on December 16th to discuss the company’s next steps. The…
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Revolut Reaches $75 Billion Valuation with Latest Fundraising
The London-based neobank Revolut has announced a new valuation milestone. About Revolut’s Fundraising and Valuation: This week, Revolut revealed the completion of its latest fundraising process. While the FinTech did not state how much was raised, it did state the share sale gave the company a valuation of $75 billion. For context, it was valued…
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Model ML Raises “One of The Largest FinTech Series A Rounds”
An AI automation platform for financial services has raised what they describe as one of the largest FinTech Series A rounds in history. About Model ML’s Funding Round: This week, Model ML revealed that it had raised $75 million. The Series A was led by FT Partners with participation from Y Combinator, QED, 13Books, Latitude,…
