Category: FinTech News
FinTech News
FinTech News
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...
FinTech News
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,...
FinTech News
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 News
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...
FinTech News
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...
FinTech News
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...
FinTech News
