Category: FinTech News

Knott's Berry Farm Announces Cashless Initiative

Throughout the pandemic, adoption of contactless payments has continued to grow. This not only includes use of mobile wallets but also tap to pay technology on traditional credit and debit cards. In turn, some retailers have also begun discouraging the use of cash or even disallowing acceptance of it all together. Now, a major Southern California theme park has joined the list of places where cash will be all but...

EV Automaker Rivian to Offer IPO Shares on SoFi Invest

In recent years, the true power of retail investors — especially those using FinTech apps such as Robinhood and others — has been on full display. Thus, earlier this year, some of these platforms began offering customers the ability to purchase initial public offerings shares at their list price before they hit the market. Now, the much-hyped electric vehicle manufacturer Rivian has revealed that it will be inviting SoFi users...

Freelancer Financial Tool Able Raises $3.2 Million

A FinTech platform that looks to help self-employed creators and freelancers with their money has raised some of its own. This week, Able announced that it had closed a $3.2 million investment. The seed round was led by Elefund while Moonshots Capital, Next Coast Ventures, Signal Peak Ventures, and LocalGlobe also participated. With the funding, Able plans to expand its reach after launching its app earlier this year. Able is...

Klarna Announces Strategic Partnership with Stripe

In recent months, news related to "buy now, pay later" (BNPL) platforms has been coming fast and furious. Now, one popular service is expanding its reach thanks to a massive FinTech firm. Today, Klarna announced a strategic partnership with the payment platform Stripe. As a result of the partnership, retailers that employ Stripe can now add Klarna as one of the preferred payment methods without any additional application or onboarding...

X1 Credit Card Begins Official Roll-Out

A new FinTech credit card has hit the market. Just over a year after originally opening its waitlist, the unique credit card offering X1 has officially started rolling out. According to the company, the card is now making its way to the more than 350,000 people who joined said waitlist. Billing itself as "the smartest credit card ever made," X1 includes a number of modern FinTech features. For one, the...

GoHenry Introduces "Money Missions" Encouraging Financial Education

After raising $40 million late last year and expanding into the United States, the kid-centric FinTech app GoHenry has now added a significant feature to its platform. This week, the app announced the debut of Money Missions. With Money Missions, children can learn about various personal finance topics while earning points and leveling up as they complete lessons. Among the categories covered are money basics, earning, saving, investing, responsible spending,...

CB Insights Names FinTech 250 for 2021

As FinTech's blockbuster year rolls on into the fourth quarter, CB Insights has just released its list of the top 250 FinTechs of 2021. This is the fourth year that the firm has put out the list of private companies selected from a pool of more than 17,000. According to CB Insights, the final list was assembled according to several factors, including a proprietary algorithm that measures the overall health...

Insurtech Company Ladder Raises $100 Million Round

As the "insturtech" industry continues to grow, one digital term life insurance company just closed a "megadeal" investment. This week, Ladder announced that it had raised $100 million. The Series D was co-led by led by Thomvest Ventures and OMERS Growth Equity. It comes as the company reports that it quadrupled its revenue last year and expects to issue $30 billion in coverage by the end of 2021. The investment also arrives as Ladder recently...