Home » FinTech » FinTech News

FinTech News

Curve Raises $95 Million as It Plots U.S. Debut

Just a few weeks into 2021, the FinTech deals market is already starting to heat up. Last week, London-based Curve announced that it had raised $95 million in its latest funding round. The Series C was led by the trio of IDC Ventures, Fuel Venture Capital, and Vulcan Capital. OneMain Financial and...

Visa and Plaid Call Off Acquisition Plans

One of the biggest FinTech deals of the past year will no longer be going forward. This week, Visa and Plaid announced that they have mutually agreed to terminate their merger plans. Visa originally intended to pay $5.3 billion for Plaid in an acquisition that was first announced almost exactly...

Walmart to Launch FinTech Firm with Ribbit Capital

One of the nation's largest and most iconic retailers is about to enter this FinTech field. This week, Walmart announced that it would be launching a financial technology startup alongside venture capital firm Ribbit. While no details about a name or debut for the company were revealed, the goal of...

Mobile Banking App Simple Announces Shut Down 2

When it comes to FinTech services, the acquisition of a startup can either mean good news for customers thanks to an influx of cash and resources or it could mean deterioration of a product due to neglect. Additionally, while things may seem to be going just fine for an app...

Venmo Introduces "Cash a Check" Feature to Select Customers

One of the ironies of FinTech in recent years has been that, while startups have managed to disrupt the banking and payments spaces by doing things differently, they've also found success in adopting established mediums and making them a part of their platforms. For example, the past several months have...

FinTech Banking Platform Oxygen Announces $17 Million Funding Round

After what seemed to be a fairly successful year in the world of FinTech (all things considered), new deals are already rolling in. This week, Oxygen announced that it had raised $17 million in funding. The Series A was led by Runa Capital with participation from such firms as Inventures,...

Robinhood Pays $65 Million in Settlement with SEC

With the increasingly-popular FinTech app Robinhood allowing customers to buy and sell stocks without fees, how does the company make money? That question was at the heart of a Security and Exchange Commission complaint. As the New York Times reports, Robinhood has now agreed to pay a $65 million fine...