FinTech News Archives - Page 77 of 94

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.

Tether logo
FinTech News

Uphold Introduces Stablecoin Center, Adds Support for Tether and More

by Fioney Staff
As the concept of cryptocurrencies has crept into the mainstream, it's come with concerns from outsiders. In addition to regulators who worry about market manipulation and money laundering, there have also been investors who fret over the severe volatility of such assets. Look no further than the famous Bitcoin run that saw prices skyrocket to nearly $20,000 before crashing back down to Earth. To solve this issue, some have turned...
SoFi and 8 Securities in Hong Kong
FinTech News

SoFi Invest Expands to Hong Kong with Acquisition of 8 Securities

by Fioney Staff
SoFi's big year just got even bigger. This week the company not only announced that it would be bringing its SoFi Invest product to Hong Kong but also that it was acquiring the online brokerage firm 8 Securities in the process. The deal still needs to meet closing conditions but, once it's complete, the current 8 Securities platform will be rebranded with the moniker SoFi Hong Kong while keeping its current...
Google Debit Card
FinTech News

Images of Google's Reported Debit Card Project Surface

by Fioney Staff
Over the past several months, a number of FinTechs have debuted their own takes on a debit card product. From Square to Robinhood and SoFi to Long Game, each of these offerings complimented the company's other services, hopefully incentivizing users to come aboard. Now it looks like a much larger corporation is looking to enter the FinTech debit card space: Google. According to TechCrunch, which obtained images of the upcoming...
SoFi and Galileo logos
FinTech News

SoFi Set to Acquire Fellow FinTech Galileo

by Fioney Staff
Even in the face of a pandemic, FinTech marches on. Not only have we seen firms reporting new funding rounds during these challenging times but we have also seen some online banking offerings experiencing increased sign-ups. Now there's more good news for the industry as the streak of acquisitions we've seen so far this year has extended by one. Last week, SoFi (short for "Social Finance") announced plans to acquire...
Sila Payments
FinTech News

Payments API Platform Sila Raises $7.7 Million in Funding

by Fioney Staff
Despite FinTech deals falling to multi-year lows amid the global COVID-19 crisis, funding is still flowing for some firms. The latest to reveal new rounds is the Portland-based payments startup Sila. Last week Sila announced that it had raised $7.7 million in seed funding. The round was co-led by both Madrona Venture Group and Oregon Venture Fund. 99 Tartans, Mucker Capital, Transferwise co-founder Taavet Kinrikus, and entrepreneur Jerry Neumann also participated. According to the...
Fold Visa Card
FinTech News

Fold Unveils New Bitcoin Rewards Visa Card

by Fioney Staff
Despite the best efforts of FinTechs like Robinhood and Square, cryptocurrencies remain fairly esoteric in nature. However another company looking to change that is Fold — an app that uses Bitcoins as cash back rewards. Now the firm is taking that mission to the next level with the help of Visa. Today, Fold announced that it would be launching a co-branded Visa card that will allow users to earn Bitcoin...
FinTech investments graph
FinTech News

FinTech Deals Decline Amid COVID-19 Outbreak

by Fioney Staff
With the COVID-19 pandemic not only delivering a public health emergency but also crippling the global economy, it should come as no surprise that new investments from venture capital are down as well. According to the latest report from CB Insights, the number of FinTech deals globally year over year was nearly cut in half. Moreover the number of deals in March fell to just 142 compared to 196 in...
Savology screenshot
FinTech News

FinTech Financial Planner Savology Closes Oversubscribed Seed Round

by Fioney Staff
Once again it seems that the current pandemic hasn't stopped some FinTechs from seeking investments and growing their reach. This week the Utah-based Savology announced that it had raised $750,000 in seed funding. The oversubscribed round included participation from MassMutual Intermountain West CEO Brady Murray, RevRoad CEO Derrin Hill, Ascend Finance co-founder/CEO Ben Tejes, and PROFi founder/CEO Bruce Miller. With the funds, Savology hopes to expand their free financial planning...
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Checking Account Review

2025 SoFi Checking and Savings Review

by Kyle Burbank
 Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. That was later sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind is SoFi’s acquisition of Golden Pacific...
Travelers with two Best Western Credit Cards
Credit Card News

Best Western Debuts Two New Rewards Credit Cards

by Kyle Burbank
After pausing applications for their previous rewards card, the hotel chain Best Western has unveiled a new pair of rewards credit cards with a new issuer. About the Best Western cards: Best Western is partnering with First Bank & Trust and Mercury Financial to introduce two new co-branded credit cards. First up is the no-annual-fee Best Western Rewards Visa Signature Card. With this card, customers can 4x points on Best...
Marriott Bonvoy card and a woman on vacation
Credit Card News

Marriott Bonvoy Bold Card Launches Travel Contest

by Kyle Burbank
Chase and Marriott Bonoy have unveiled a special contest while continuing to offer its best-ever welcome bonus. About the welcome bonus and Bold Chat Court Contest: Marriott Bonvoy and Chase have launched a special opportunity called the Bold Chat Court contest. As part of this contest, 10 lucky travelers will be awarded 500,000 Marriott Bonvoy points (for a total of 5 million) as well as $5,000. For this contest, the...
Bilt and All Reward logos
Credit Card News

Bilt Adds 2 New Transfer Partners Including First 3:2 Transfer Rate

by Kyle Burbank
Bilt is once again expanding its travel transfer rewards program — and is even breaking the mold with one new partner. About the new additions to Bilt: This week, Bilt launched partnerships with two more travel brands: TAP Air Portugal and Accor. As a result, Bilt members will now be able to transfer their points to Miles&Go and ALL Reward, respectively. In total, Bilt now has 18 transfer partners including 13...
PayPal Debit Card app
Checking Account Review

PayPal Debit Card Review: Earn Stackable 5% Cash Back

by Kyle Burbank
In recent weeks, PayPal debuted an updated debit card product (perhaps you've seen the incessant Will Ferrell commercials for it during football games?). With the launch of this card, the company known for online payments is encouraging customers to pay with them anywhere. To encourage such behavior, the debit card allows cardholders to earn 5% cashback — although, as you can imagine, there are some important restrictions on that. So,...