Category: FinTech News
FinTech News
Mastercard Announces "Mastercard Installments" BNPL Program
by Fioney Staff
Mastercard is getting in on the financing craze. This week, the company announced that Mastercard Installments will soon debut in the United States, Australia, and the United Kingdom. The new feature will enable banks, FinTechs, and others to offer "buy now, pay later" options to customers. Specifically, the company notes that Installments will take on a 0% interest, pay-in-four model akin to those used by Afterpay, Klarna, and others. To... FinTech News
Renter Cash Back Platform Stake Announces $4 Million Funding Round
by Fioney Staff
A FinTech that helps renters earn cashback has just raised some money of its own. This week, Stake announced that it had closed a $4 million funding round. The seed round was led by Shadow Ventures while Hometeam Ventures, Olive Tree Holdings, Blue Field Capital, Hampton VC, Gaingels, and Silicon Valley Connect managing director Ellen Levy also participated. Stake is a rewards program that allows renters to earn cashback when they make on-time payments. To... FinTech News
Goldman Sachs to Acquire Buy Now, Pay Later Platform GreenSky
by Fioney Staff
It looks as though Goldman Sachs is joining the "buy now, pay later" (BNPL) trend. Recently, the bank announced plans to acquire GreenSky in an all-stock transaction valued at approximately $2.24 billion. At this time, the deal is expected to close in Q4 2021 or Q1 2022. GreenSky currently works with more than 10,000 merchants, allowing them to offer financing options to their customers. According to their press release, Goldman... FinTech News
Robinhood Opens Waitlist for Crypto Wallets
by Fioney Staff
At long last, Robinhood is expanding its cryptocurrency platform. According to a blog post from the company, it will begin rolling out its crypto wallet feature to select users next month. Ahead of that, customers can now join the waitlist (although they will need to update their app before doing so). Users can also move up their place in line by inviting friends to join the app. Until now, while... FinTech News
Renters Loyalty Program and Credit Card Bilt Rewards Raises $60 Million
by Fioney Staff
Just three months after debuting, Bilt has announced that it's raised $60 million in a growth fund round. Investors include the likes of Wells Fargo and Mastercard as well as a group of real estate owners including Blackstone, AvalonBay Communities, Douglas Elliman, Starwood Capital Group, and several others. Launched earlier this summer, Bilt offers a loyalty program for renters. The Bilt Alliance is a collection of more than two million rentals... FinTech News
Mastercard Acquires Cryptocurrency Intelligence Company CipherTrace
by Fioney Staff
Over the past few years, cryptocurrencies and blockchain technology have steadily become more mainstream. At the same time, they've also faced criticism and regulatory scrutiny. Now, in a bid to make digital currencies safer and more trusted for all, Mastercard has acquired the firm CipherTrace for an undisclosed amount. CipherTrace is a crypto intelligence solution that boasts insight into more than 900 cryptocurrency assets. Its tools include anti-money laundering and... FinTech News
FinTech Credit-Building Card Startup Tomo Raises $10 Million
by Fioney Staff
Another FinTech disruptor has just revealed a significant early-round investment. Earlier this week, TomoCredit announced that it had raised $10 million. The Series A was led by Kapor Capital and KB Investment Inc. with additional participation from Lewis & Clark Ventures. This round follows Tomo's $7 million seed round closed in February of this year, bring its funding to date up to $17 million. With the cash, the company says...