Category: FinTech News
FinTech News
FinTech News
Stripe Raises $6.5 Billion, Now Valued at $50 Billion
FinTech giant Stripe has just closed a massive funding round, but is once again cutting its valuation. The online payments company has announced that it's just raised $6.5 billion. The Series I included participation from returning investors Andreessen Horowitz, Baillie Gifford, Founders Fund, General Catalyst, MSD Partners, and Thrive Capital, while new investors GIC, Goldman Sachs Asset and Wealth Management, and Temasek also joined. Goldman Sachs served as sole placement...
FinTech News
Credit Karma Introducing Net Worth Tool Built with Mint
This week, Credit Karma announced that it was introducing a Net Worth tool. In a press release, the company said that the addition is part of their goal to become "a full-service personal finance management platform." The new feature will apparently begin rolling out to users with credit scores of 720 or higher but they hope to eventually expand it to a larger population. According to Credit Karma, this initial...
FinTech News
Bankjoy Raises New Funding From Curql Collective
A FinTech that brings enhanced digital experiences to a variety of financial institutions has garnered new investment. This week, Banjoy announced it had raised a new round of funding led by Curql Collective — a Credit Union Service Organization that looks to bring FinTech innovation to credit unions. The amount of the venture round was not disclosed. Excluding these funds, the company had raised $14.3 million to date, $12.5 million of...
FinTech News
LendingTree Launches Win Card in Partnership with Upgrade
Two popular FinTech firms are partnering up to introduce a new credit card that can help consumers "win" at finance. This week, LendingTree and Upgrade announced the debut of the Win Card — inspired by LendingTree's "You Win" tagline. The new card will carry no annual fee and will allow cardholders to earn 2% cashback on all categories regardless of category — although customers will need to log into their...
FinTech News
Varo Bank Brings On Wook Chung as Chief Product Officer
A FinTech neobank is gearing up for even greater expansion by bringing some new talent on board. Last week, Varo Bank announced that it had appointed Wook Chung as its Chief Product Officer. According to the company, Chung will lead the bank's vision and initiatives. He will also serve as a key figure of Varo Tech, which looks to blend data, technology, and design. Chung replaces Jon Alferness, who joined...
FinTech News
Groundfloor Surpasses $1 Billion in Retail Investment as it Turns 10
A crowdfunded real estate firm is celebrating a decade of operation. Groundfloor has announced that, since its debut 10 years ago, the platform has now surpassed $1 billion in total retail investment volume. Additionally, the company says that its delivered annualized returns of 10% across its investment offerings during that time, Founded in 2013 by Brian Dally and Nick Bhargava, Groundfloor is a real estate investment platform that makes it easy for consumers...
FinTech News
