FinTech News Archives - Page 21 of 72

Category: FinTech News

Zofo and MoneyLion apps

Zogo, MoneyLion Partner to Provide Users with Financial Education

In recent years, FinTech brands have often discussed how their platforms help make financial services more accessible. Furthermore, many have touted the educational resources they offer alongside these tools, increasing financial literacy as a result. Now, a popular neobank and a growing educational app are teaming up to help meet a similar goal. This week, Zogo and MoneyLion announced a new partnership. With this integration, MoneyLion users will be able...
Truework logo

Income Verification Startup Truework Raises $50 Million

A company that helps lenders close loans with greater ease and speed has secured a significant funding round. This week, Truework announced that it had raised $50 million. The Series C was led by G Squared with participation from returning investors Sequoia Capital, Activant Capital, and Khosla Ventures as well as newcomers Indeed, Human Capital, and Four Rivers Group. With the funds, Truework intends to increase its hiring, while also...
Rocket Money logo

Truebill App Rebrands to Rocket Money

In recent years, one of the most talked about personal finance apps has been Truebill. Founded in 2015, the platform has since helped users save a reported $250 million — including $150 million this year. Now, Truebill is changing its name and will continue on as Rocket Money. This name change comes following Rocket Companies' acquisition of Truebill in December 2021. The purchase cost Rocket $1.275 billion in cash. When the...
Avant MLS Forward Credit Card

Major League Soccer and Neobank Avant Form Partnership

A professional sports league and a FinTech are teaming up to bring fans a new credit card offering. This week, the "credit-first neobank" Avant announced that it had entered into a multi-year partnership with Major League Soccer. As part of that deal, the company will soon be launching a co-branded credit card called the MLS Forward card. Avant will also be featured at MLS events and will become a Presenting...
Cardless and American Express logos

Cardless Partnering with American Express for Future Cards

A growing digital credit card disruptor and one of the top card issuers in the United States have announced a team up. This week, the FinTech startup Cardless revealed that it had reached a new agreement with American Express. Under this partnership, brands will be able to launch digital-first credit card offerings that utilize the "benefits, offers, and security" of the Amex network. Additionally, while financial figures were not disclosed,...
unicorn funding

FinTech Funding Falters in Second Quarter of 2022

Following a record-breaking year in 2021, FinTech deals have taken a tumble so far in 2022. In fact, in Q2, the total amount of funding among startups in the sector fell to a six-quarter low. Similarly, other metrics such as the number of unicorn "births" were also down. According to the latest CB Insights report, FinTech funding totaled $20.4 billion in the second quarter of 2022. That's not only down...
Chipotle dips and chips

Chipotle Launches "Buy the Dip" Game, Adds Crypto Payments

So far, 2022 has proven to be a tumultuous year for cryptocurrencies. Not only have individual investors felt some pain as prices for numerous assets have taken some tumbles but some crypto-centric firms have even had to lay off staff or file for bankruptcy. But, despite so-called "crypto winter" in effect, one popular restaurant is taking the opporunity to further embrace cyrpto — while also poking a bit of fun...
Tomo founder Kristy Kim

TomoCredit Closes $122 Million Funding Round

With credit card interest rates on the rise, a company that offers an alternative credit product has announced a new injection of capital to continue its mission. Today, TomoCredit revealed that it had raised $122 million in its latest funding round. That total includes $22 million in Series B equity and $100 million in debt financing. The equity portion of the round was led by Morgan Stanley's Nex Level Fund...
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A Guide to Building Credit and Increasing Your Credit Scores

When it comes to credit, there’s some good news. The average credit score in the United States has been steadily rising in recent years, coming in at 715 in 2023. That may be because, today, consumers not only have more ways to access their credit reports and scores than ever before but also because there are an increasing number of options that Americans have for building credit in the first...

2024 SoFi Checking and Savings Review

Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. Lately it seems as though that theme has been sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind...
Chase Freedom Flex card

Chase Reveals Q2 2024 Freedom 5%(+) Bonus Categories

Chase has announced its bonus category picks for the second quarter of 2024 — including some interesting twists. About the categories: As April approaches, Chase has revealed what categories Freedom and Freedom Flex cardholders can earn bonuses on. From April 1st through June 30th, customers can earn 5% (or more) in three categories: Amazon.com, Hotels, and Restaurants. Similar to how Chase embraced a "New Year, New Me" theme last quarter,...

FedEx Announces Winners of 11th Annual 2023 Small Business Grant Contest

Nearly three months after the entry period ended, FedEx has announced the winners of its 11th annual Small Business Grant Content. This year's event saw more than $300,000 in funds going to a variety of small businesses across the nation. Last month, the company revealed 100 finalists, with that list now being narrowed down to just 10 winners. This year's grand prize winners included KindVR, The Cupcake Collection, Up In...
H-E-B and Central Market  credit cards

Imprint Launches Credit Cards from H-E-B and Central Market 

The FinTech Imprint is partnering with the popular Texas-based grocery chain H-E-B for a pair of new rewards credit cards. This week saw the launch of the H-E-B Visa Signature Credit Card as well as the Central Market Visa Signature Credit Card. With these two (nearly identical) options, customers will be able to earn rewards on groceries and beyond. First, both versions of the card earn up to 5% back on select...