Between the increasing functionality of mobile banking apps and the onslaught of FinTech challenger banks entering the space, it should be no surprise that the number of brick and mortar bank branch locations in the United States has declined significantly in the past several years. What may be surprising, however,...
Another FinTech (or FinTech-adjacent) firm has just announced a big fundraising round. As TechCrunch reports Goldman Sachs is leading a $50 million Series C for Deserve. Also joining the round are previous investors Sallie Mae, Aspect Ventures, Mission Holdings, Pelion Venture Partners, and Accel. Although Deserve's co-founder and CEO Kalpesh...
In just the past couple of years, the number of FinTechs offering their own debit card products has exploded. Thus it only makes sense that these companies would want to find new and creative ways to incentivize use of these various cards. That seems to be the playbook popular peer-to-peer...
If you've ever wanted to check your credit score for free online, there's a great chance you've encountered Credit Karma. Started in 2007, the site has not only become a leader in the space but has also grown into one of the largest FinTech operations in the U.S. with a...
It looks like Venmo is getting into the credit card game. The reveal of plans for a Venmo card came as the app's parent company PayPal announced it was expanding its relationship with Synchrony. As a result, the bank will be the exclusive issuer of the upcoming card. While few...
Last year the FinTech lender Upgrade announced it was launching a new personal line of credit option for its customers. At the time the company's co-founder and CEO (and former Lending Club head) Renaud Laplanche declared, “We’re going to replace credit cards.” Now, 18 months later, Upgrade is actually introducing a...
Late last year, the commission-free stock trading platform Robinhood announced it would soon be offering a "Checking & Savings" account. These would complete with a debit card and a headline-worthy a 3% APY on savings. Unfortunately those plans were quickly rebuffed by the Securities Investor Protection Corporation, sending Robinhood back...