Category: FinTech News
FinTech News
Tesla Discontinues Acceptance of Bitcoin for Vehicles
by Fioney Staff
Elon giveth and Elon taketh away. Less than six weeks after Tesla began accepting Bitcoin as a form of payment for its famed electric vehicles, Musk has announced that the company will halt this practice. In turn, the price of $BTC has fallen sharply. In a tweet, Musk cited environmental concerns related to the mining of Bitcoin as the reason why the car company was suspending acceptance. He wrote, “We... FinTech News
SoFi Introduces New Weekly Dividend ETF $WKLY
by Fioney Staff
Over the past few years, SoFi has continually kept things interesting by debuting new features and products at a rapid clip. Now they’re at it again, adding another exchange traded fund to its line-up. This week, SoFi introduced its latest ETF: the SoFi Weekly Dividend ETF ($WKLY). With this ETF, shareholders will receive weekly dividend distributions — or so the ETF intends. As the FinTech explains, “Securities selected for the... FinTech News
Mastercard Names Six Startups for Latest Start Path Accelerator
by Fioney Staff
Mastercard's award-winning Start Path program is ready for its next round. This week, Mastercard announced the latest six FinTechs that will participate in its accelerator. These startups include: Asante Financial ServicesCledaraJifiti Moeda Seeds SpenDebt's Tippy Launched in 2014, the Start Path program has previously helped more than 250 startups develop their products and build their connections. In fact, Start Path alumni have gone on to raise more than $3 billion in investments. Because... FinTech News
Gemini Becomes Latest Crypto Platform to Support Dogecoin
by Fioney Staff
A dog coin that started as a joke but has grown increasingly real has just received another booster as it rockets "to the moon." This week, Gemini announced that it was adding Dogecoin to its trading platform, allowing customers to buy, sell, and hold the popular asset. Doge now joins the more than 40 cryptocurrencies that Gemini supports trading for. Another 11 token types can be held on the platform... FinTech News
Splitwise Announces $20 Million Funding Round
by Fioney Staff
One universal pain point that's long plagued such activities as dining out or traveling with friends is splitting the expenses. Despite there now being several tools consumers can use to quickly pay back their loved ones, asking for those funds can still be an awkward experience. Now, the startup Splitwise has earned an investment to help grow its platform that seeks to assist with this interpersonal finance issue. This week,... FinTech News
Gemini Announces Details on Upcoming Crypto Credit Card
by Fioney Staff
Earlier this year, the cryptocurrency exchange platform Gemini opened the waitlist for its planned crypto rewards credit card. Since then, a reported 140,000 people have joined said list. In turn, Gemini has now revealed more details on the products, including the rewards multipliers and some clever elements that make it unique. In terms of rewards, the Gemini Credit Card will earn up to 3% back on dining as well as... FinTech News
Till Launches Family Financial Platform with $5 Million in Funding
by Fioney Staff
Another FinTech that seeks to help parents teach children about money is ready to welcome new users. This week, the family-centric banking platform Till announced that the platform was now available to all, while also revealing that they'd raised more than $5 million for the launch. Those who have contributed to Till's funding include Elysian Park Ventures, Pivotal Ventures, Afore Capital, Luge Capital, Alpine Meridian Ventures, The Gramercy Fund, SM...