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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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…
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Lemonade Expands into Pet Insurance Market
In recent years, the insurtech company Lemonade has made a splash while helping to popularize renters insurance policies in America. Now the company has branched out into another under-utilized policy option: pet health insurance. Speaking to TechCrunch, Lemonade CEO Daniel Schreiber explained that 70% of their current renters/homeowners insurance policyholders have pets. Despite this, the…
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Robinhood Adds to Latest Funding Round for $600 Million Total
The popular trading app Robinhood has just announced that it’s raised even more money. As TechCrunch reports, the FinTech has more than doubled its previously declared $280 million Series F by raising another $320 million. Following this round, the investment platform is now valued at $8.6 billion. For the record, the additional funds were raised…
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SoFi Re-Applies for a National Bank Charter
SoFi — short for “Social Finance” — is ready to become a bank. This week, the FinTech filed for a national bank charter with the Office of the Comptroller of the Currency (OCC). In their application, SoFi says having its own bank charter would help lower their funding costs by simplifying their business model. That…
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FinTech nCino Plans Initial Public Offering
It looks as though another FinTech initial public offering could soon be upon us. This week, nCino announced plans to go public. As TechCrunch reports, the firm is currently eying a share price between $22 to $24. With nCino planning to issue 7.625 million shares, the IPO could raise as much as $183 million and…
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Chainalysis Announces Expansion of Series B to $49 Million
The blockchain analysis company cleverly named Chainalysis has just upped its latest funding effort. Originally announced last year as a $36 million round with participation from Accel, Benchmark, MUFG, and Sozo Ventures, Chainalysis has now expanded the Series B by $13 million. The additional investments come from Ribbit Capital and Sound Ventures. As part of the deal,…
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Galileo Officially Launches Galileo Instant for Debit Card Creation
One major trend seen in the FinTech industry in recent years has been the roll-out of branded debit cards. Now, Galileo is looking to make creating such offerings even easier. Recently, the company announced the official launch of Galileo Instant after originally debuting a beta of the program in November of last year. According to…
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Empower Retirement To Acquire Personal Capital for Up to $1 Billion
The FinTech personal finance and investment tracking platform Personal Capital has just announced a big exit. This week, the company revealed that it is being acquired by retirement plan recordkeeper Empower Retirement. This acquisition will cost Empower up to $1 billion, with $825 million coming at closing and a contingency bonus of up to $175…
