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
Revolut Launches High-Yield Savings Accounts in the U.S.
The Britain-based neobanking app Revolut is introducing new high-yield savings accounts to stateside users. About Revolt's High-Yield Savings Accounts: Revolut is rolling out new savings accounts with tiered rates that increase depending on the subscription level members have. Now, customers can earn a base of 4.00% APY on up to $10,000 in savings. Meanwhile, this rate increases to 4.50% APY for Premium members and up to 5.50% for Revolut Metal...
FinTech News
Cardless Reveals $60 Million Funding Raise Ahead of Bilt's Move
The FinTech credit card platform Cardless has announced another round of investment. About the Cardless Funding Round: Cardless has raised fresh funding. This round is being called a Series C and was led by Spark Capital. Last November, the company raised a $30 million Series C, which was led by Activant Capital. In total, the company has now raised more than $170 million from investors, including Industry Venture, Pear VC,...
FinTech News
Expense Management Platform Extend Raises $20 Million
The FinTech Extend has announced a new round of funding as well as a new Chief Financial Officer. About Extend's Latest Round: This week, Extend revealed that it had secured $20 million in fresh capital. While this round includes both equity and venture debt components, it's unclear how much of the capital falls into either bucket. The new round was led by B Capital while March Capital, Point72 Ventures, FinTech...
FinTech News
Robinhood to Bring Private Company Exposure to Retail Investors
Robinhood is continuing its mission to democratize finance with the impending launch of Robinhood Ventures. About Robinhood Ventures Fund: This week, Robinhood announced its intent to launch Robinhood Ventures Fund I (RVI). The brokerage has taken the first step toward launch by filing an initial registration statement on Form N-2 with the Securities and Exchange Commission. Once approved, RVI will be a closed-end fund intended to give retail customers a...
FinTech News
FinTech Brokerage App Robinhood to Join S&P 500
The popular (and occasionally controversial) stock trading app Robinhood is set to join the iconic Standard and Poor's 500 (S&P 500) index. About Robinhood's Addition to the S&P 500: Effective at the opening of trading on Monday, September 22nd, Robinhood will officially be included on the S&P 500. This coincides with the index's quarterly rebalance. Robinhood's arrival on the index comes as Caesars Entertainment — known for its Las Vegas destinations...
FinTech News
SoFi Introduces New Agentic AI ETF
The FinTech bank SoFi is launching another new exchange-traded fund (ETF). About the SoFi Agentic AI ETF: This week, SoFi announced the debut of an Agentic AI ETF. The ETF will list on the New York Stock Exchange under the ticker symbol $AGIQ. As with other ETFs, this means that investors can purchase shares of AGIQ regardless of whether or not they're using the SoFi Invest platform. The SoFi Agentic...
FinTech News
