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
Visa Expands Fast Track Program for FinTechs to the U.S.
by Fioney Staff
When it comes to FinTech startups, speed is everything. That's why so many firms are focused on hitting the ground running, gaining as many users as possible and catching the attention of VCs to help boost them to the next level. With that in mind, after launching in Europe, Africa, Asia Pacific, Latin America, and the Middle East, Visa has announced that their Fast Track program is coming to the United States....
FinTech News
IRS Reportedly Cracking Down on Unreported Crypto Income
by Fioney Staff
Following the big Bitcoin boom of 2017, April 2018 saw several reminders that cryptocurrency gains needed to be reported on tax filings. Of course by that time the price of Bitcoin was about half of what it was just a few months before. Nevertheless it seems that the IRS is still intent on getting crypto owners to comply — and now, according to the Wall Street Journal, they're cracking down...
FinTech News
Q2 2019 Sets Record for $100 Million+ FinTech Fundings
by Fioney Staff
Over the past few months, it seems as though several FinTechs have managed to close impressive funding rounds. From FinFit's $7 million Series B last month to Affirm's whopping $300 million Series F back in April, observers could probably guess that's it's been a fairly good month for these startups. Now a new study from CB Insights shows that has been the case overall, although there are some sore spots...
FinTech News
Crypto Lender BlockFi Raises $18.3 Million
by Fioney Staff
While it may have been a rocky week for the stock market, it's been a good few days for crypto. Potentially due in part to the volatility on Wall Street, Bitcoin has managed to stay on the right side of $10,000, currently trading for more than $11,500. On top of that, cryptocurrency lender BlockFi announced this week that it had raised $18.3 million to expand its crypto wealth management solution....
FinTech News
Mezu Launches Digital Mastercard Debit Card
by Fioney Staff
As we've documented before, one of the biggest trends in FinTech has been offering debit card products. From Square and PayPal to Stash and Acorns, each firm has taken a stab at a physical debit card their users can obtain. Now the digital payment app Mezu is throwing their hat into the ring but with a twist, rolling out a digital-only debit card in partnership with Mastercard. MezuCard is issued by...
FinTech News
Fox Corporation Buys Majority Stake in FinTech Credible
by Fioney Staff
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
by Fioney Staff
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...