As the free stock trading app Robinhood continues to explode in popularity, the platform has also garnered some criticism and scrutiny. This not only includes a 2018 misstep that found that company backtracking on plans for a "Checking & Savings" account but has also continued with the Securities and Exchange...
Over the past few years, neobanks have become some of the largest players in the FinTech space. While many of these startups are based in the United States, Europe has also seen an explosion of challenger banks — with some making their way to America as well. Now one Britain-based...
The results are in! This week, research CB Insights revealed their "FinTech 250" list for 2020, recognizing the fastest-growing companies in the space. Of the 250 startups featured, 32 are considered "unicorns," meaning they're valued at more than $1 billion. What's more, 87 of those selected have raised "mega-rounds" of...
Continuing what's turning out to be a bit of a trend this year, another FinTech has just announced the expansion of its latest funding round. Earlier this week, Finix revealed that it had added another $30 million to its Series B. The newly-raised money brings the round's total to $75...
As regular FinTech sector watchers can tell you, there are a handful of company names that tend to come up again and again when new initiatives and partnerships are announced. Cross River Bank is certainly in this category as the institution is a frequent partner for startups. Now, thanks to...
Even as the coronavirus pandemic continues to batter the United States economy at large, the stock markets have largely managed to recover. In fact, the S&P 500 reached a record high this week, likely rewarding users who bought during this year's lows. Among these "winners" are users of the free...
Over the past few months, conversations about race and equality have permeated throughout the nation. Now, in an effort to bring these issues to light in the financial technologies community and seek reform, several startups have signed-up to form the FinTech Equality Coalition. The Coalition is being spearheaded by the...
When it comes to FinTech, there are a few different models that startups can follow. Among them is the idea that the company can launch its own platform as proof of concept before offering the backend a la carte for integration with other businesses. Take, for example, online lender OnDeck...