Category: FinTech News
FinTech News
FinTech News
Visa Launches FinTech Accelerator Program in Africa
Over the years, Visa has shown a willingness to work with FinTech startups in various ways. This includes programs such as its Fast Track initiative, as well as its accelerator. On that note, the company is now launching a new accelerator — and one far outside of the United States. What's happening: This week, Visa announced that it would be launching a Visa Africa FinTech Accelerator program focused on mentoring...
FinTech News
Crypto Payments Startup BoomFi Raises $3.8 Million
A FinTech that looks to help merchants accept and convert cryptocurrencies has closed a new round of funding. About the round: This week, BoomFi announced that it had raised $3.8 million. The seed round was led by White Star Capital along with participation from Passion Capital, Blockchain Founders Fund, Kraken Ventures, GSR, Aquanow, and Mantle Network among others. With the new funds, the company says it will work to transform crypto...
FinTech News
Robinhood to Delist Three Coins Amid SEC Crackdown
Over the years, the stock trading app Robinhood has gained an increased focus on cryptocurrencies. This includes adding support for new tokens, introducing built-in wallets to the app, and debuting a standalone, non-custodial Web3 wallet among other efforts. However, the company is now taking one slight step back by removing support for three previously-supported assets. About the delisting: This morning, Robinhood announced that it would be delisting three coins: Cardano...
FinTech News
Roboadvisor Wealthfront Introduces Automated Bond Portfolio
Roboadvisor platform Wealthfront is continuing to expand its product offerings with the debut of a new bond portfolio option. About the feature: This week, Wealthfront announced the official launch of its Automated Bond Portfolio. As the FinTech explains, the first-of-its-kind portfolio combines Treasury and corporate bond ETFs. The result is a portfolio meant to deliver higher yields than savings accounts while retaining a lower risk than other equities. As with...
FinTech News
Credit Genie Raises $4 Million
A FinTech that helps provide consumers with individualized financial insights has raised a new round of funding. The funding round: This week, Credit Genie (which is owned by Creditly Corp.) announced that it had closed a $4 million round. The Series A was led by Tippet Ventures and Khosla Venture while Gabriel Investments also participated. To date, the company has now raised a total of $13.2 million. With the new...
FinTech News
Greenwood Acquires Fellow Neobank Kinly
Two banking startups are joining forces to further their mission of helping Black America build generational wealth. Earlier this month, Greenwood announced its acquisition of Kinly. According to a press release, the transaction will bring "the two largest FinTechs focused on the Black community together as one company." Moreover, with 300,000 Kinly members joining Greenwood, the combined neobank will have more than 1 million members. About Greenwood and Kinly: Greenwood...
FinTech News
