Category: FinTech News
FinTech News
FinTech News
Banking-as-a-Service Platform Unit Raises $100 Million
Put another tally mark on FinTech "megadeal" board for 2022. This week, Unit announced that it had closed a $100 million round. The Series C was led by Insight Partners. Existing investors such as Accel, Better Tomorrow Ventures, and Flourish Ventures also participated along with newcomers Moving Capital and Stepstone. Notably, the round valued the company at $1.2 billion, earning it "unicorn" status. To date, Unit has now raised a...
FinTech News
Robinhood Announces Non-Custodial Web3 Crypto Wallet
After finally rolling out a crypto wallets feature in their trading app and recently listing four additional assets, Robinhood plans to double down on cryptocurrency once again. In a blog post, the company announced that it was developing a non-custodial, web3 wallet. Once launched, this wallet will give users greater total control of their crypto as well as provide access to other decentralized web features. Most notably, while this offering...
FinTech News
Zilch Launches Its "BNPL 2.0" Platform in the United States Market
The "buy now, pay later" scene has a new entrant. This week, Zilch announced its arrival in the United States. According to the company, the app launched with 150,000 pre-registered customers and comes after the service gained two million U.K customers since its debut there 18 months ago. Elsewhere, Zilch has raised $400 million in debt and equity from Goldman Sachs among others and the company is valued at more...
FinTech News
Crypto-Backed Card Wirex Celebrates Milestone in U.S. Registrations
It looks as though Wirex is taking a victory lap after a successful entry into the United States market. Today, the platform announced that 150,000 people have registered for the crypto app since it launched in the U.S. a mere six weeks ago. This figure adds to the more than 5 million users Wirex already has across Europe and Asia. Wirex's U.S. app allows users to trade and hold 37...
FinTech News
FinTech Credit Card Platform Deserve Secures $250 Million Credit Facility
With the market for specialized rewards credit cards growing, one popular platform has closed a new deal to help fuel it into the future. This week, Deserve revealed that it had secured a $250 million credit facility from Goldman Sachs, Cross River, and Waterfall Asset Management. Previously, the company raised a $50 million Series D equity round in 2021 as well as a $50 million Series C in 2019. Goldman...
FinTech News
Canadian FinTech Neo Raises $185 Million at Unicorn Valuation
One of Canada's fastest-growing FinTech players is celebrating another milestone. This week, Neo Financial announced that it had closed a $185 million round. The Series C was led by Valar Ventures with participation from Tribe Capital, Altos Ventures, Maple VC, Blank Ventures, Gaingels, and Knollwood Investment Advisor. Notably, the round was raised at a valuation of over $1 billion, securing Neo's "unicorn" status (at least in Canadian dollars). To date,...
FinTech News
