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
Is Robinhood Playing a Role in the Bull Market Rally?
When the situation surrounding the COVID-19 pandemic worsened early this year, it became clear that the longest bull market in history would soon be coming to an end. While that did indeed happen, it was then followed by one of the shortest bear markets in history as stocks managed to rally — right up until volatility was reintroduced last week. Now, some observers are wondering if the runaway market could...
FinTech News
Celsius Looking to Raise $15 Million from BnkToTheFuture Community, Not VCs
Under normal circumstances, a FinTech startup looking to grow would solicit various venture capital (VC) firms in the hope of finding investors. This is something we've seen a lot of lately, such as the crypto trading platform FalconX recently raising $17 million. However, just as cryptocurrencies boast a decentralized financial network, some startups are finding ways to go around this money-raising model. Case in point: Celsius has launched a new...
FinTech News
Qube Money Announces Partnership with Galileo for Innovative App and Debit Card
When it comes to the financial technologies field, it would seem that many startups view themselves more as cohorts than strictly competitors. That dynamic has been evident from the widespread adoption of Plaid among personal finance apps to the recent team-up of crypto tax service providers. This week, another tag-team was born as Qube Money announced a partnership with fellow Utah FinTech Galileo Financial Technologies. Under this partnership, Galilieo's API...
FinTech News
Varo Raises $241 Million in Funding Ahead of Bank Charter Approval
Once again, despite the challenges the current pandemic has brought upon the U.S., FinTech firms are still closing major deals. Last week Varo announced that it had just concluded a $241 million funding round. The impressive Series D was co-led Gallatin Point Capital and returning investor The Rise Fund. Other participants include HarbourVest Partners and Progressive Insurance. This major funding round comes at a pivotal time for Varo as the...
FinTech News
Gemini Crypto Exchange Support Added to Samsung Blockchain Wallet
Over the past few months, electronics giant Samsung has quietly become a significant cryptocurrency supporter. This most notably includes the launch of the Samsung Blockchain Wallet, which is available on newer model Samsung Galaxy devices. This week the company took that product to the next level, announcing that the Samsung Blockchain Wallet would offer integration with the Gemini crypto exchange app. Prior to this announcement, Samsung Blockchain Wallet allowed users...
FinTech News
Stackin' Announces $12.6 Million Funding Round
Despite concerns that the FinTech deals were slowing before the pandemic and would continue to slip as a result of shifting economic conditions, news of startups investments continue to roll in. This past week, Stackin' announced that it had raised $12.6 million in a funding round led by Octopus Ventures. The Series B also brought participation from new and existing investors such as Experian Ventures, TechStars, Cherry Tree Investments, Mucker...
FinTech News
