Category: FinTech News

AI Tax Platform FlyFin Raises $8 Million

With the number of self-employed individuals, freelancers, and side hustlers continuing to grow, many Americans are discovering the complexities that can come with business income taxes. In turn, major FinTechs like Intuit have expanded their products to meet the needs of these taxpayers, while other startups have launched what they say are superior options. Among the latter group is FlyFin, which has just completed a new round of funding. Recently,...

Square Inc. to Become Block as FinTech Continues to Diversify

Since its debut in 2009, the FinTech Square has certainly evolved. Making a name for itself with its small business POS and payment platforms, the company has since entered into the worlds of peer-to-peer payments, cryptocurrencies, and even music streaming. Now, in a move meant to acknowledge this evolution, Square is changing its corporate name. This week, it was revealed that Square, Inc. will soon become Block, Inc. The company...

Robinhood Announces Incoming Investment Transfer Tool

Robinhood is closing out 2021 by unveiling yet another new feature. Today, the trading app announced a new service that will make it easier for customers to transfer over assets from other brokerages. According to a blog post on the company's site, eligible assets include stocks, ETFs, and certain options contracts along with cash balances. Margin balances will also be transferable if the customer has a margin-enabled Robinhood account. Additionally,...

Thought Machine Raises $200 Million, Earns Unicorn Status

Although 2021 is now rolling towards its finale, FinTech's record fundraising year isn't over yet. This week, London-based Thought Machine announced it had closed a $200 million round. The Series C was led by Nyca Partners, who were joined by some of Though Machine's banking clients, including ING Ventures, JPMorgan Chase, and Standard Chartered Ventures. Additionally, returning investors such as Lloyds Banking Group, British Patient Capital, Eurazeo, SEB, Molten Ventures,...

FinTech TiiCKER Launches Android App

Recent years have brought about a retail investor revolution. Look no further than the advent of commission-free trading apps as well as the “Gamestonk” incident for evidence of this shift. Now, one FinTech app that enables shareholders to claim perks for their ownership is expanding its platform to a new medium. This week, TiiCKER announced the launch of its Android app. Previously, the platform was offered via an iOS app...

Imprint Raises $38 Million From Kleiner Perkins and Stripe

So far, 2021 has brought plenty of FinTech funding rounds — but one of the latest also happens to be one of the most unique. Earlier this week, the branded payments platform Imprint announced that it had raised $38 million. The Series A was led by Kleiner Perkins but also included participation from fellow FinTech Stripe. To date, Imprint has now raised a total of $53 million. Past investors in...

Upgrade Raises $280 Million Series F

The appropriately named Upgrade just managed one of their own with its latest funding round. Today, the company announced that it had raised $280 million. The Series F was led by Coatue Management and DST Global with additional participation from Dragoneer Investment Group, Gopher Asset Management, G-Squared, Koch Disruptive Technologies, Old Well Partners, Ribbit Capital, Sands Capital, Ventura Capital, and Vy Capital. To date, the FinTech has now raised a total...

Knott's Berry Farm Announces Cashless Initiative

Throughout the pandemic, adoption of contactless payments has continued to grow. This not only includes use of mobile wallets but also tap to pay technology on traditional credit and debit cards. In turn, some retailers have also begun discouraging the use of cash or even disallowing acceptance of it all together. Now, a major Southern California theme park has joined the list of places where cash will be all but...