Category: FinTech News
FinTech News
FinTech News
Walmart, Ribbit-Backed Hazel to Acquire One Finance and Even
Just over one year ago, it was announced that Walmart and venture capital firm Ribbit would be partnering to launch an independent FinTech, with the company later being named Hazel. Today, it was announced that Hazel would be acquiring two companies: Even and One Finance. Once the transactions are completed — which is expected to happen in the second half of this year — the company will be known as...
FinTech News
TPG, American Airlines Suing Each Other in Data Syncing Dispute
When most consumers think about FinTech, one of the first examples that often comes to mind are aggregation apps. With apps such as Mint, Personal Capital, and many more, users can gather all of their financial account data in one place, making it easier for them to manage their money. However, the institutions on the other side haven't always been such big fans of this practice. In fact, a new...
FinTech News
Cash App Adding Lightning Network Support for Bitcoin Payments
Following an eventful 2021 (and a recent price crash), Bitcoin is looking to have a big year in 2022. Specifically, while many in the public see the crypto asset as a speculative investment play, a greater number of companies are working to make Bitcoin payments a more common reality. Among them is Block, Inc. (formerly Square Inc.) which has just announced plans to expand its crypto payment options. As TechCrunch...
FinTech News
FinTech Funding Grows 169% in 2021 to Reach New Record
Anyone paying attention to the FinTech field throughout 2021 could probably guess that it was a record-breaking year. Sure enough, new figures from CB Insights confirm that to be the case. According to the latest State Of Venture report, FinTechs raised a combined total of $131.5 billion in 2021. That marks a 169% increase over 2020's $49 billion total. The year was capped by a $34.9 billion Q4 that ranks...
FinTech News
FinTech Prosper Introduces Credit-Building Card
For years, FinTechs have been disrupting the credit industry. From websites like Credit Karma making it easier for consumers to understand their credit reports to various platforms looking beyond credit scores and utilizing alternative algorithms to determine creditworthiness, there are now several credit-building opportunities available to Americans that weren't there previously. Now, the marketplace lending platform Prosper has announced the launch of a new and interesting credit card product. The...
FinTech News
Lending Marketplace Acorn Finance Raises $8.4 Million
As the new year gets underway, another FinTech is celebrating by raising money. This week, Acorn Finance (not to be confused with micro-investment app Acorns) announced that it had closed an $8.4 million round. The Series A was led by MassMutual Ventures. Previous investors Vestigo Ventures, Accomplice, and MetaProp also participated along with Moderne Ventures. To date, the company has now raised a total of $12.4 million, including seed round raises...
FinTech News
