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
FinTech Investments Topped $34 Billion Last Year
If it weren't already clear, 2019 was a good year for FinTech. In addition to a profile boost that companies such as Robinhood and SoFi have enjoyed, it seems that numerous startups saw significant new investments. In fact, as a new report from CB Insights shows, FinTech startups raised nearly as many funds in 2019 as they did in 2016 and 2017 combined. First the bad news: FinTech investments were...
FinTech News
Intuit Announces Acquisition of Credit Karma
Another day, another major acquisition. More than a decade after they bought the personal finance app Mint for $170 million, Intuit is making a much larger platform purchase. As first reported by The Wall Street Journal and later confirmed by the company itself, Intuit is set to acquire Credit Karma for a whopping $7.1 billion. Credit Karma will reportedly continue to operate as its own brand within Intuit, with current...
FinTech News
Shopify Joins Facebook-Led Libra Association
It's been a while since Facebook's Libra has been in the news — and, following the last round of headlines it did garner, you'd be forgiven if you assumed the project was dead. However the cryptocurrency effort managed to get a bit of a boost last week. As TechCrunch reports, e-commerce platform Shopify has now joined the Libra Association. The addition of Shopify to the Association comes a few months...
FinTech News
LendingClub to Acquire Radius Bank for $185 Million
As various FinTech disruptors have grown over the years, some observers have theorized that banks would look to acquire these startups in order to integrate their services into their own (which has happened in some cases). However fewer would have guessed that things might end up the other way around — yet that seems to be what's at play for LendingClub. This week the marketplace lender announced that it was...
FinTech News
Bitcoin.com Introduces Coin-Creation Tool Called "Mint"
In 2017 — when Bitcoin broke-out, reaching a record of near $20,000 per coin — cryptocurrency suddenly became a phrase that even everyday Americans were at least somewhat familiar with. Of course the majority are likely only aware of Bitcoin itself and not any of the other multitude of tokens that exist. But, if you thought there are a lot of token types now, you haven't seen anything yet. Bitcoin.com...
FinTech News
Apple Pay Now Accounts for 5% of Global Card Transactions
It may have taken more than half a decade but it seems that Apple Pay is making major inroads. As Quartz reports, Apple Pay share of transactions are on the rise and could reach even larger milestones in the years ahead. Currently Apple Pay payments account for 5% of global card transactions according to data from Bernstein Research. However that's poised to double in the next five years, potentially reaching...
FinTech News
