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Sequoia Found to Be Most Active FinTech VC of the Past Year

When it comes to investments in FinTech, a few investment firms tend to come up again and again. But which venture capital group has participated in the most funding rounds as of late? According to CB Insights' latest State of FinTech report, it's Sequoia Capital that's been the most active...

Varo Money Granted National Bank Charter, Forming Varo Bank

As several startups have started expanding into banking services, such companies have partnered with existing banks in order to provide FDIC insurance and other benefits to their customers. However, at the same time, some of these businesses have attempted to build their own path by applying for charters — and...

Mortgage Company Rocket Announces Initial Public Offering

It looks as though a major FinTech initial public offering is just around the corner. Rocket Companies (referred to as either “formerly known as Quicken Loans” or “the parent company of Quicken Loans” depending on who you ask) will offer 150 million shares of Class A common stock as part...

Button Partnering with Bits of Stock for Stock Back Offering

So far, despite being a less-than-stellar year overall, 2020 has been remarkably bright for FinTech. In addition to big acquisitions and major funding rounds, there have also been several exciting partnerships that have formed in recent months. Joining that list are Button and Bits of Stock, who are now teaming...

Private P2P Payment App Mezu Announces Impending Shut Down 3

Recently it seems as though the FinTech industry has been on a bit of a hot streak. Between major acquisitions and impressive funding rounds, there's been plenty of good news to go around for startups in the space. Unfortunately, that hasn't been the case across the board as there have...

Robinhood Adds to Latest Funding Round for $600 Million Total

The popular trading app Robinhood has just announced that it's raised even more money. As TechCrunch reports, the FinTech has more than doubled its previously declared $280 million Series F by raising another $320 million. Following this round, the investment platform is now valued at $8.6 billion. For the record,...

SoFi Re-Applies for a National Bank Charter

SoFi — short for "Social Finance" — is ready to become a bank. This week, the FinTech filed for a national bank charter with the Office of the Comptroller of the Currency (OCC). In their application, SoFi says having its own bank charter would help lower their funding costs by...

FinTech nCino Plans Initial Public Offering

It looks as though another FinTech initial public offering could soon be upon us. This week, nCino announced plans to go public. As TechCrunch reports, the firm is currently eying a share price between $22 to $24. With nCino planning to issue 7.625 million shares, the IPO could raise as...