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
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
Cryptocurrency Exchange IDEX Announces $2.5 Million Seed Round
Just as the FinTech market has been ripe for investment even throughout the pandemic, cryptocurrency-centric startups have also gotten a fair share of attention. Among some recent fundraising efforts are DeFi's $1 million seed round, Chainalysis' $49 million Series B, and the more than $15 million in investments that Celsius attracted via the platform BnkToTheFuture. Now the decentralized crypto trading platform IDEX is the latest startup to bolster their efforts...
FinTech News
Sequoia Found to Be Most Active FinTech VC of the Past Year
When it comes to investments in FinTech, a few investment firms tend to come up again and again. But which venture capital group has participated in the most funding rounds as of late? According to CB Insights' latest State of FinTech report, it's Sequoia Capital that's been the most active FinTech VC of the past year (Q2 2019 to Q2 2020). However, there is an asterisk to that as the...
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
