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
Fox Corporation Buys Majority Stake in FinTech Credible
In recent years several sectors have taken an interest in FinTech for both partnerships and investments. Still, the latest Silicon Valley deal comes from a seemingly unexpected suitor. As the Wall Street Journal reports, Fox Corporation has agreed to purchase a 67% stake in Credible Labs for $265 million. Additionally the company has committed to spending as much as $75 million in operating costs for Credible over the next two...
FinTech News
Bitcoin Bulls Fight Back as Crypto Tops $10,000 Again
Back in June, it was big news when Bitcoin finally made it back over $10,000 after months at less than half that. While bulls continued to push the price up as high as $14,000 in the weeks that followed, it managed to fall back down below the milestone as regulators have been continually slamming cryptos in general. However, as Forbes reports, the latest rally is giving Bitcoin believers some hope...
FinTech News
FinFit Announces $7 Million Funding Round
Despite concerns from some regulators that the rise of FinTech has posed a threat to consumers, the truth is that the industry has mostly been a benefit to the financial health of Americans and those around the globe. Among those leveraging financial technologies in this way is FinFit. Now the company has raised a round of funds that will help them further pursue that mission. The $7 million Series B...
FinTech News
Roboadvisor Betterment Introduces Banking Features
It looks like another FinTech firm is expanding into the world of traditional banking services. In a press release roboadvisor Betterment announced the launch of new savings and checking accounts. First up a waitlist for the Betterment Everyday Checking account is now open. These accounts will carry no overdraft fees or monthly maintenance fees and will also have no minimum balance requirements. Plus Betterment will reimburse all ATM fees worldwide...
FinTech News
Robinhood Raises $323 Million for $7.6 Billion Valuation
The popular commission-free investment app Robinhood just received a major investment of their own. As CNBC reports, this week the company has announced it had it closed a $323 million Series E funding round led by DST Global with participation from Ribbit Capital, NEA, Sequoia, and Thrive Capital. What's more, the latest round valued Robinhood at an impressive $7.6 billion. According to Crunchbase, the Series E brings Robinhood's total funding...
FinTech News
Mobile Bank Varo Money Refiles for FDIC Insurance
For years one of the big questions surrounding FinTech is whether startups could one day become their own independent banks. Although a few companies have attempted to obtain charters of their own, they've had varying levels of success — none of which have been overwhelmingly positive. However, as Crowdfund Insider reports, this week Varo Money reapplied for FDIC insurance, moving them one step closer to becoming a true bank. This...
FinTech News
