Category: FinTech News
FinTech News
FinTech News
Upgrade Introduces Premier Savings Account with 3.50% APY
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
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
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
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
FinTech Upgrade Now in Top 25 U.S. Credit Card Issuers
Nearly three years ago, Upgrade debuted its first credit card offering aptly named Upgrade Card. Since then, the company has regularly added to its slate of cards, landing it a spot on the list of the Top 50 U.S. Credit Card Issuers according to a Nilson Report. Now, the October 2022 edition of that list finds Upgrade moving from the top 50 to the top 25. Not only did Upgrade...
FinTech News
Debt Payoff App Tally Raises $80 Million
A well-known FinTech app that offers debt consolidation to consumers has just secured a major investment. Today, Tally announced that it had raised $80 million in its latest funding round. The Series D was led by Sway Ventures, while Menora Mivtachim along with previous investors Kleiner Perkins, Andreessen Horowitz, Shasta Ventures, Cowboy Ventures also participated. With the new funding, Tally plans to further expand its debt pay-down platform and continue...
FinTech News
