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
Payment Dispute Company Casap Raises $25 Million
by Kyle Burbank
A FinTech specializing in payment dispute automation has raised a new round of funding. About the Round: This week, Casap announced that it had raised $25 million. The Series A was led by Emergence Capital, while Lightspeed Venture Partners, Primary Venture Partners, and SoFi also participated. To date, Casap has now raised a total of $33.5 million, including a $7 million Seed Round (led by Lightspeed) last year. As Casap notes,...
FinTech News
Cash App Introduces Pools Feature for Group Payments, Savings
by Kyle Burbank
Cash App has launched a new feature that makes it even easier for friends and family to contribute to a shared payment or savings goal. About Cash App Pools: Whether they're going in on a shared gift or saving up for a group vacation, Cash App users can now use a Pool function on the platform. With this feature, an organizer can create a shared Pool and solicit contributions from...
FinTech News
Tax FinTech April Raises $38 Million from Returning Investors
by Kyle Burbank
The embedded tax platform startup April has revealed a new round of funding. About the Round: This week, April announced that it had raised a new $38 million round. The Series B was led by QED Investors, Nyca Partners and Team8 also participated. All three firms are returning investors. To date, the company has now raised $78 million, including a $30 million Series A in 2022 and a $10 million...
FinTech News
CNBC Releases Annual List of Top FinTech Companies for 2025
by Kyle Burbank
CNBC and Statista have compiled their annual list of the top FinTech companies around the globe. About the List and Report: Once again, CNBC has teamed up with Statista to not only look at the current state of the financial technologies sector but also highlights the top companies in the field. The list of 300 was derived from research conducted by Statista, while CNBC editorial input was also considered. FinTechs...
FinTech News
Bilt Raises $250 Million, Announces "2.0" Card Line-Up
by Kyle Burbank
Bilt has not only announced another mega-round but also a fresh eleven-figure valuation and new expansion details. About Bilt's Latest Funding Round: Today, Bilt announced that it had reaised $250 million in new funding. Moreover, this new round values the company at $10.75 billion. The round was led by General Catalyst and GID with United Wholesale Mortage also partcipating with a $100 million investment. This follows a $150 million venture...
FinTech News
Study: Wells Fargo Scandal Helped Drive FinTech Adoption
by Kyle Burbank
A newly-released study from the University of California Davis finds that a scandal at a major American bank may have contributed to the rise of FinTech lenders. About the Study's Findings: According to a new study, the financial scandal involving Wells Fargo pushed some consumers toward financial technology platforms. The paper, titled "Trust as an Entry Barrier: Evidence from FinTech Adoption," was authored by UC Davis Graduate School of Management...
FinTech News
Acorns Acquires Family Finance Platform Zeta
by Kyle Burbank
Acorns is adding a fellow FinTech app's assets to its platform. About the Acquisition: Recently, Acorns announced that it had acquired the app Zeta. As a result of this transaction, Zeta cofounders Kevin Hopkins and Aditi Shekar have joined the Acorns team. Financial details about the acquisition were not disclosed. As Acorns notes, this marks the company's fifth strategic acquisition in less than two years — with many of these deals...