Category: FinTech News

FinTech News

Cross River to Issue Cards American Express Cards for FinTechs

by Fioney StaffNov 4, 2022

For years, American Express has been known for issuing its own credit and charge cards — including some premium options. However, while the company has previously worked with other issuers from time to time, these efforts have accelerated as of late. Now, another such agreement has been reached. Recently, Cross River announced a partnership with Amex to begin issuing cards on behalf of FinTechs that operate on the American Express...

FinTech News

Robinhood to Launch Retirement Investment Accounts

by Fioney StaffNov 3, 2022

Over the years, fans of the FinTech app Robinhood have gained a reputation (accurate or not) for being risky and impulsive market players. However, the company will soon look to promote long-term investments by introducing retirement accounts on the platform. During a third quarter earnings conference call with investors, co-founder CEO Vlad Tenev formally announced plans to roll out Robinhood Retirement accounts soon. Specifically, Teniv stated that the company is...

FinTech News

"Smart Wallet" Tool Kudos Raises $7 Million

by Fioney StaffNov 1, 2022

A FinTech that aims to help online shoppers choose the best credit card for their purchase has just raised a significant early funding round. Recently, Kudos announced that it had raised $7 million as it launches its "smart wallet" browser extension. The seed round was led by Patron and included participation from QED Investors, SciFi VC, SV Angel, Precursor Ventures, Newtype Ventures, and Chingona Ventures. More than 40 angel investors...

FinTech News

Upgrade Introduces Premier Savings Account with 3.50% APY

by Fioney StaffOct 27, 2022

Throughout this year, interest rates have skyrocketed thanks to a series of aggressive moves from the Federal Reserve. While this is bad news for those borrowing funds, it also means that the interest consumers are earning from savings accounts has also been on an upward swing. Now, the FinTech Upgrade is unveiling a high-yield savings account with one of the highest APYs available. Upgrade has launched its Premier Savings account,...

FinTech News

Bilt Rewards Raises $150 Million, Launches Home Buying Tool

by Fioney StaffOct 25, 2022

A growing startup that offers rewards for renters has just raised another round of funding. Today, Bilt Rewards announced that it had closed a $150 million growth round. This round was led by Left Lane Capital, while Smash Capital, Wells Fargo, Greystar, Invitation Homes, Camber Creek, Fifth Wall, and Prosus Ventures also participated. Notably, this latest round valued the company at $1.5 billion. To date, Bilt has now raised $213 million,...

FinTech News

Neobank Aspiration Names Olivia Albrech as New CEO

by Fioney StaffOct 24, 2022

Since its founding in 2013, the environmentally-minded neobank Aspiration has undergone many changes. Along the way, the company has also seen significant investments from such celebs as Leonardo DiCaprio and Robert Downey Jr., raising $250 million to date. Now, the company is undergoing another big change as a new leader is stepping up. Recently, Aspiration announced that Olivia Albrecht had been named as Chief Executive Officer and will join the company's...

FinTech News

FinTech API Astra Raises $10 Million Series A

by Fioney StaffOct 20, 2022

A startup that looks to make ACH transfers better for all involved has just closed a significant investment round. Recently, Astra announced that it had raised $10 million. The Series A was led by FPV Ventures, while Slow Ventures and Allegis Capital also participated. In addition to the equity round, the FinTech secured a $30 million line of credit through CoVenture. With this line of credit included, Astra has now raised a total of $56.2...

FinTech News

Current Banking App Adds Cryptocurrency Trading

by Fioney StaffOct 12, 2022

It wasn't that long ago that buying and selling cryptocurrencies required consumers to navigate a number of unfamiliar platforms and systems. However, that has long since changed with the advent of Coinbase and, later, the integration of crypto trading into other popular FinTech offerings. The latest example of the latter comes from Current, which will now allow customers to buy and sell select cryptocurrency assets. This week, Current debuted its...