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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Galileo Announces Partnership with Mexican FinTech Klar
With all that’s going on in the world right now, international expansion might not seem like the most likely move for most companies. Yet that’s what’s happening with Utah-based Galileo Financial Technologies. Last week the FinTech announced a new strategic partnership with the Mexico City-based Klar. Klar is a challenger bank that aims to lead…
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Investment App Stash Announces $112 Million Round
Late last year, the discount brokerage world saw a sea change as Charles Schwab and several other firms announced that they were dropping their trade commissions to $0. Although the move was likely aimed at FinTechs like Robinhood that had already been offering fee-free trades for years, it seems that it only widened the net…
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Uphold Introduces Stablecoin Center, Adds Support for Tether and More
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…
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SoFi Invest Expands to Hong Kong with Acquisition of 8 Securities
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…
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Images of Google’s Reported Debit Card Project Surface
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…
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SoFi Set to Acquire Fellow FinTech Galileo
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…
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Payments API Platform Sila Raises $7.7 Million in Funding
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.…
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Fold Unveils New Bitcoin Rewards Visa Card
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…
