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
Varo Money Granted National Bank Charter, Forming Varo Bank
As several startups have started expanding into banking services, such companies have partnered with existing banks in order to provide FDIC insurance and other benefits to their customers. However, at the same time, some of these businesses have attempted to build their own path by applying for charters — and now one firm has actually earned one. Late last week, Varo announced that it was officially the first consumer FinTech...
FinTech News
Mortgage Company Rocket Announces Initial Public Offering
It looks as though a major FinTech initial public offering is just around the corner. Rocket Companies (referred to as either “formerly known as Quicken Loans” or “the parent company of Quicken Loans” depending on who you ask) will offer 150 million shares of Class A common stock as part of its IPO. Currently, the price per share is set to be between $20 and $22, which would raise as...
FinTech News
Revolut Adds $80 Million to Series D Funding Round
For most startups, securing capital requires soliciting funding. Yet, as some FinTechs become more established, the funding offers may just come to them. That seems to be the case with Revolut, which has just expanded its latest round. London-based FinTech Revolut has revealed that it’s added $80 million to the Series D it originally announced in February. The additional funds come from TSG Consumer Partners, who join the previously $500...
FinTech News
Button Partnering with Bits of Stock for Stock Back Offering
So far, despite being a less-than-stellar year overall, 2020 has been remarkably bright for FinTech. In addition to big acquisitions and major funding rounds, there have also been several exciting partnerships that have formed in recent months. Joining that list are Button and Bits of Stock, who are now teaming up to boost brand loyalty and reward customers. Using Button's technology, Bits of Stock allows users to earn fractional shares...
FinTech News
DeFi Protocol Startup Teller Raises $1 Million
You may not have heard of the startup Teller just yet but it seems they won't be silent much longer. Having recently participated in A16z's Crypto Startup School, the company is looking to disrupt both the decentralized finance (DeFi) and lending markets — and will now have some venture capital with which to do so. Last week Teller announced it had raised $1 million in funding. The seed round was...
FinTech News
Private P2P Payment App Mezu Announces Impending Shut Down
Recently it seems as though the FinTech industry has been on a bit of a hot streak. Between major acquisitions and impressive funding rounds, there's been plenty of good news to go around for startups in the space. Unfortunately, that hasn't been the case across the board as there have been some casualties. The latest example of this is the Cleveland-based peer to peer payment app Mezu. Over the weekend,...
FinTech News
