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American FinTech Council Forms to Highlight Financial Inclusion, Transparency

As various financial technologies have grown in recent years, so has regulatory scrutiny. What's more, among several well-intentioned startups, some bad actors have given the online lending and greater FinTech industries bad names at times. To combat this, some companies have banded together in order to help influence any regulations...

Varo Bank Debuts Credit-Building Varo Believe Program

Among the numerous trends observed across the FinTech industry in recent years, one of the most impactful has involved credit. From creating lending solutions that rely less on traditional credit scores to introducing new ways for consumers to improve their credit standing, several startups are doing what they can to...

Marcus by Goldman Sachs Launches Roboadvisor Platform

When most consumers think of Goldman Sachs, they likely think of a wealthy Wall Streeter. That's partially why the bank introduced its Marcus brand in 2016 as a means of courting a new consumer market. Now, Goldman is continuing those efforts with the debut of Marcus Invest — a low-fee...

Investment Platform Public Announces $220 Million Round, Major Changes to App

In recent weeks, retail investors have been a big topic of discussion. With traders gathering on forums such as Reddit to discuss investments, the power that FinTech brokerage apps can give these customers was seen in a newsworthy short squeeze earlier this month. Now the app Public, which aims to...

TomoCredit Raises $7 Million for Unique Credit Card Product

A startup looking to revolutionize the credit-building card market has just earned itself a significant investment. As reported by TechCrunch, TomoCredit has announced that it recently raised $7 million. The seed round included participation from KB Investment Inc., BAM Ventures, Knollwood Investment Advisory, Strong Ventures, Passport Capital, Ulu Ventures, and...

Cloud Accounting Startup Lockstep Announces $10 Million Round

In a sea of digital banking services and budgeting apps, it's easy to forget how large the scope of FinTech actually is. Additionally, while many startups are focused on P2P, there are plenty of financial needs in the B2B space as well. Enter Lockstep — a cloud accounting startup aiming...

Clarity Money to Shut Down App This March

In the world of FinTech, being acquired by a larger company or institution can be a blessing as it gives startups greater access to capital and resources they need to continue development. On the other hand, depending on the parent company, such mergers can lead to stagnation or closure. Now,...