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.
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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…
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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…
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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…
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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…
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Revolut Reportedly Considering U.S. Lender Acquisition
The United Kingdom-based neobank Revolut is reportedly eyeing a few different options for further expansion in the United States. About Revolut’s Reported Plans: According to Bloomberg, Revolut is looking at the possibility of acquiring a U.S. lender. The FinTech is said to be exploring the idea of hiring investment bankers to advise them on such…
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Personal Finance App Fruition Adds Zero-Based Budgeting Feature
A personal finance tool is bringing a new budgeting feature to its platform. About Fruition and the New Feature: This week, Fruition announced that it was adding a zero-based budget tool to its service. The new feature is now available to all Fruition members. With this Budget tool, users can first link their accounts to…
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Robinhood Set for Second Annual HOOD Summit Next Month
The investment platform Robinhood is preparing for another HOOD Summit — and will launch special offers leading up to the event. About HOOD Summit and HOOD Month: Recently, Robinhood announced plans for a sequel edition of its HOOD Summit. This year’s event will be held in Las Vegas, Nevada on September 9th and 10th. At…
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Tax-Efficient Diversification Service Cache Raises $12.5 Million
The San Francisco-based FinTech Cache has announced a new round of funding. About the Funding: Cache has announced that it’s raised $12.5 million. The Series A was led by Bill Trenchard at First Round Capital, joined by a variety of solo investors. With this latest funding, the startup has now raised a total of $26.8…
