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FinTech
FinTech

20 of the Top FinTech Deals of 2020 (So Far) 2

by Jonathan Dyer
In the face of a global pandemic, the FinTech industry continues to thrive. From investment app and mobile wallets to insurtech and digital business tools, companies of all kinds have seen significant growth in 2020, fueled by some impressive investments. With that in mind, today we highlight 20 of the...
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Stay up to date on the latest trends in FinTech – where technology meets finance to create new market opportunities.

FinTech News
FinTech News

Varo Bank Raises $510 Million in Oversubscribed Funding Round

by Jonathan Dyer
FinTech's "megaround mania" continues as Varo Bank has just announced an oversubscribed $510 million funding round. The Series E was led by new investor Lone Pine Capital while Declaration Partners, Eldridge, Marshall Wace, Berkshire Partners / Stockbridge, and others also participated. This comes after the bank raised a $241 million Series...
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FinTech News
FinTech News

Mastercard to Acquire European Bank Connection API Aiia

by Jonathan Dyer
Mastercard is back to buying up FinTechs. This week, the company announced plans to acquire to European open banking technology provider Aiia — although terms of the deal were not disclosed. The planned acquisition of Aiia comes less than a year after Mastercard completed its purchase of open banking platform...
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Cryptocurrencies
Cryptocurrencies

Survey Finds Nearly Half of Respondents Have Purchased Some Crypto

by Jonathan Dyer
With cryptocurrencies continuing to expand into the mainstream, a recent survey shows a significant number of consumers have invested in Bitcoin, Ether, or other coins. According to a survey commissioned by the digital asset marketplace Bakkt, 48% of respondents had purchased at least some amount of cryptocurrency in the past...
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FinTech News
FinTech News

Premium Debit Card Startup Point Raises $46.5 Million

by Jonathan Dyer
With many consumers still wary of the trappings inherent to credit cards, a FinTech with a focus on creating a more rewarding debit card has just announced a new found of investment. As TechCrunch reports, neobank startup Point has closed a $46.5 million funding round. The Series B was led...
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FinTech News
FinTech News

Payroll API Provider Zeal Announces $13 Million Series A

by Jonathan Dyer
FinTech's record-breaking year rolls on as the payroll API provider Zeal has announced a $13 million funding round. The Series A was led by Spark Capital with Commerce Ventures and various individual investors also participating. Among those numerous individual investors, one of the most notable is Robinhood co-founder and CEO Vlad Tenev. This...
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FinTech News
FinTech News

FICO Survey: 71% of Americans Willing to Open a Bank Account Digitally

by Jonathan Dyer
With the pandemic continue to shape how Americans interact with various institutions, it looks as though Americans are more willing to embrace digital solutions for financial services. According to a recent survey by FICO, 71% of U.S. consumers say they'd be willing to open a bank account digitally — via...
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Cryptocurrencies
Cryptocurrencies

Vast Bank Introduces Crypto Banking Service and App

by Jonathan Dyer
At a time when cryptocurrency is seeing greater mainstream acceptance, one FDIC-insured bank is now making it easier for their customers to trade and hold crypto assets. The Tulsa-based bank Vast has launched its Crypto Banking platform and app, made possible through a partnership with Coinbase and SAP. According to...
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FinTech News
FinTech News

Fractional Trading Platform DriveWealth Raises $450 Million

by Jonathan Dyer
Another FinTech mega round is in the books as DriveWealth has just announced that it's raised $450 million. The Series D was co-led by Insight Partners and Accel with "significant participation" from Greyhound Capital, Softbank Vision Fund 2, and Point72 Ventures (which previously led the firm's Series C). Returning investor...
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