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Credit Card Points App MaxRewards Raises $3 Million Seed Round

With enthusiasm for credit cards that offer points, miles, and cashback continuing to grow, a FinTech app that helps consumers keep track of their earnings is now catching the eyes of investors. Recently, MaxRewards announced that it had raised $3 million. The seed round was co-led by Dundee Venture Capital and Calano...

Varo Bank Raises $510 Million in Oversubscribed Funding Round

FinTech's "megaround mania" continues as Varo Bank has just announced an oversubscribed $510 million funding round. The Series E was led by new investor Lone Pine Capital while Declaration Partners, Eldridge, Marshall Wace, Berkshire Partners / Stockbridge, and others also participated. This comes after the bank raised a $241 million Series...

Mastercard to Acquire European Bank Connection API Aiia

Mastercard is back to buying up FinTechs. This week, the company announced plans to acquire to European open banking technology provider Aiia — although terms of the deal were not disclosed. The planned acquisition of Aiia comes less than a year after Mastercard completed its purchase of open banking platform...

Premium Debit Card Startup Point Raises $46.5 Million

With many consumers still wary of the trappings inherent to credit cards, a FinTech with a focus on creating a more rewarding debit card has just announced a new found of investment. As TechCrunch reports, neobank startup Point has closed a $46.5 million funding round. The Series B was led...

Payroll API Provider Zeal Announces $13 Million Series A

FinTech's record-breaking year rolls on as the payroll API provider Zeal has announced a $13 million funding round. The Series A was led by Spark Capital with Commerce Ventures and various individual investors also participating. Among those numerous individual investors, one of the most notable is Robinhood co-founder and CEO Vlad Tenev. This...

FICO Survey: 71% of Americans Willing to Open a Bank Account Digitally

With the pandemic continue to shape how Americans interact with various institutions, it looks as though Americans are more willing to embrace digital solutions for financial services. According to a recent survey by FICO, 71% of U.S. consumers say they'd be willing to open a bank account digitally — via...

Fractional Trading Platform DriveWealth Raises $450 Million

Another FinTech mega round is in the books as DriveWealth has just announced that it's raised $450 million. The Series D was co-led by Insight Partners and Accel with "significant participation" from Greyhound Capital, Softbank Vision Fund 2, and Point72 Ventures (which previously led the firm's Series C). Returning investor...

FinTech Firm One Announces $40 Million Funding Round

Another neobanking app has just closed a significant investment round. This week, FinTech app One has revealed that it raised $40 million. The Series B was led by Progressive Investment Company, Inc. while Obvious Ventures, Foundation Capital, Core Innovation Capital, and others also participated. With the newly-acquired funds, the company...