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
CB Insights Reveals Third Annual "FinTech 250" List
The results are in! This week, research CB Insights revealed their "FinTech 250" list for 2020, recognizing the fastest-growing companies in the space. Of the 250 startups featured, 32 are considered "unicorns," meaning they're valued at more than $1 billion. What's more, 87 of those selected have raised "mega-rounds" of a $100 million or more since 2019, with 32 of those rounds coming this year. As for the combined list,...
FinTech News
Payments API Company Finix Raises $75 Million as Series B Expands
Continuing what's turning out to be a bit of a trend this year, another FinTech has just announced the expansion of its latest funding round. Earlier this week, Finix revealed that it had added another $30 million to its Series B. The newly-raised money brings the round's total to $75 million. Lightspeed Venture Partners led this portion of the round with American Express Ventures also participating. This is actually the second...
FinTech News
Cross River Bank Reaches Settlement with Colorado Regarding FinTech Partnerships
As regular FinTech sector watchers can tell you, there are a handful of company names that tend to come up again and again when new initiatives and partnerships are announced. Cross River Bank is certainly in this category as the institution is a frequent partner for startups. Now, thanks to their part in a recent suit, the bank may have also just played a role in defining how such partnerships...
FinTech News
Robinhood Raises Another $200 Million Amid Rapid Growth
Even as the coronavirus pandemic continues to batter the United States economy at large, the stock markets have largely managed to recover. In fact, the S&P 500 reached a record high this week, likely rewarding users who bought during this year's lows. Among these "winners" are users of the free stock trading app Robinhood who famously flocked to the market as it fell. Now it seems that the app itself...
FinTech News
Betterment, SoFi, and Others Form FinTech Equality Coalition
Over the past few months, conversations about race and equality have permeated throughout the nation. Now, in an effort to bring these issues to light in the financial technologies community and seek reform, several startups have signed-up to form the FinTech Equality Coalition. The Coalition is being spearheaded by the robo-advisor Betterment but other founding members amount to a "who's who" of FinTech. This includes real estate investment platform Cadre,...
FinTech News
Cash Back App Dosh Expanding "Powered by Dosh" Platform
When it comes to FinTech, there are a few different models that startups can follow. Among them is the idea that the company can launch its own platform as proof of concept before offering the backend a la carte for integration with other businesses. Take, for example, online lender OnDeck spinning off its loan application software ODX for use by banks. Now it seems that cash back app Dosh is...
FinTech News
