Category: FinTech News
FinTech News
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
Tongo Closes $7 Million Seed Round
For most Americans, there's predictability that comes with their paychecks. After working their hours, they receive pay for that work within a couple of weeks. However, real estate agents traditionally haven't enjoyed such a schedule as their pay depends on a home sale to close. That's something the FInTech Tongo is looking to change — with the startup recently raising money to help fuel its growth. This week, Tongo announced...
FinTech News
Robinhood Raises APY on Uninvested Cash to 3% for Gold Users
With interest rates on the rise after yet another Federal Reserve rate hike, the popular stock trading app Robinhood is upping the amount customers can earn on their cash. Effective as of last week. Robinhood customers who opt into the brokerage cash sweep program can earn up to 3% APY on their uninvested funds. Specifically, those who subscribe to Robinhood Gold will earn the 3% APY rate, while all other...
FinTech News
Future Raises $5.3 Million for Climate Change-Fighting Debit Card
A FinTech looking to help consumers make more eco-conscience purchasing choices has announced a fresh round of investment, This week, Future revealed a $5.3 million investment. The seed round was led by Accomplice, while Active Impact Investments, Techstars Ventures, Urban Impact Ventures, and Climate Capital also participated alongside author and activist Baratunde Thurston. With the newly-acquired funds, Future plans to make its debit card more rewarding for customers by attracting...
FinTech News
Vet Care Financing FinTech Scratch Raises $35 Million
With pet care being a necessity for millions of Americans, a startup that enables pet owners to get their furry friends the services they need by helping them finance the cost has closed a new round of funding. This week, Scratch Financial announced that it had raised $35 million. The Series C was led by Norwest Venture Partners, with Alumni Ventures, Companion Fund, Struck Capital, SWS Venture Capital, TTV Capital,...
FinTech News
Ecommerce "CashBack" Platform Fondue Raises $10.5 Million
A FinTech that's focused on replacing ecommerce coupon codes with a more beneficial solution has just secured a significant investment. This week, Fondue announced that it had raised $10.5 million. The seed round was led by Quiet Capital and Hanaco Ventures, while other participants included Infinity Ventures, Ground Up Ventures, Sugar Capital, Starting Line, R-Squared Ventures, Gaingels, Verissimo Ventures, Samsung Next, and JAM Fund along with individuals. With the acquired...
FinTech News
