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
Apple Pay Now Accounts for 5% of Global Card Transactions
by Fioney Staff
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
Varo Money Gains FDIC Approval, Nears Becoming a Real Bank
by Fioney Staff
Over the past few years, several FinTech companies have introduced their own banking services — rolling out savings accounts, debit cards, or both. These products are often the result of partnerships that the startups have with one or multiple banks in order to meet regulatory requirements and provide their customers with key protections such as FDIC insurance on funds. However this week one FinTech company took one big step closer...
FinTech News
FinTech Startup Astra Joins Visa's Fast Track Program
by Fioney Staff
For FinTech startups, speed is the name of the game. As we've seen time and time again, it's important for these firms to acquire customers as quickly as possible, with venture capital often helping fuel their race against the clock. That's where the Visa Fast Track program comes in, making it easier for apps and tools to utilize the company's infrastructure. The latest FinTech to come aboard the Visa Fast...
FinTech News
Bitcoin IRA Reaches $400 Million in Crypto Transactions
by Fioney Staff
A company facilitating the ability to invest in cryptocurrencies via a retirement account has just reached a monetary milestone. Launched in 2016, Bitcoin IRA announced this week that it had surpassed $400 million in cryptocurrency transactions. The accomplishment also comes a year after their 24-hour-a-day self-trading crypto platform launched. News of this milestone follows what was a successful 2019 that found Bitcoin IRA expanding its offerings. Perhaps most notably, in October...
FinTech News
FinTech Lender LendUp Hits $2 Billion in Loans
by Fioney Staff
It seems that, every few months or so, another survey shows that the majority of Americans would be unable to cover an unexpected expense of a few hundred dollars or more. As a result, despite the best efforts of regulators, so-called "payday loans" continue to be a popular albeit expensive choice for consumers. That's where the FinTech lender LendUp comes in, offering an option for quickly-funded short-term loans meant to...
FinTech News
Banking API Startup Teller Raises $4 Million
by Fioney Staff
While it's clear that Teller's team is feisty and hungry for a shot to complete with Plaid, the head start the latter has enjoyed will certainly be a major factor.
FinTech News
FinTech SoFi Announces Partnership with Mastercard
by Fioney Staff
Over the past few months, the FinTech firm SoFi has been quite busy. For example last year it introduced a hybrid money management account called SoFi Money, offering high-yield interest, reimbursed ATM fees, and other perks. Now the company is looking to expand on that success, announcing a multifaceted partnership with Mastercard. In their press release, SoFi also teased additional benefits and products that will come to fruition through their...