Category: FinTech News

FinTech News

PayPal Introduces "Checkout with Crypto" Option

by Fioney StaffMar 30, 2021

Over the past few months, cryptocurrencies have seen tremendous growth not only in terms of price but also in mainstream acceptance. The latest example of this comes from PayPal, which just announced the rollout of their Checkout with Crypto feature. With Checkout with Crypto, buyers will have the option to pay for their purchases using four currently-supported assets: Bitcoin, Litecoin, Ethereum, and Bitcoin Cash. Notably, they will only be able...

FinTech News

Bitcoin Rewards Platform Lolli Raises $5 Million From VCs, Celebrities

by Fioney StaffMar 25, 2021

With Bitcoin continuing to show strength (despite a few ebbs this week), another startup in the crypto space has announced a new round of investment. This week, the Bitcoin rewards platform Lolli announced that it had secured $5 million in funding. The "pre-Series A" round included participation from firms Seven Seven Six and Night Media. Additionally, celebrities including Casey Neistat, Philip DeFranco, and many other individuals participated alongside sports hero...

FinTech News

Robinhood Files Paperwork for Planned Initial Public Offering

by Fioney StaffMar 24, 2021

One of the largest, most popular, and often controversial FinTechs is apparently getting ready to go public. This week, Robinhood announced that it had confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (SEC). While this filing confirms the company's eventual plans for an initial public offering, the SEC will need to complete a review process first. In turn, the number of shares to...

FinTech News

Revolut Applies for U.S. Bank Charter

by Fioney StaffMar 23, 2021

Another FinTech app has announced that it's looking to become a bank. As TechCrunch reports, London-based Revolut has filed a draft application with the California Department of Financial Protection and Innovation as well as the Federal Deposit Insurance Corporation (FDIC). If granted, the charter would allow Revolut to offer a greater number of financial services on its own. Currently, Revolut partners with Metropolitan Commercial Bank for its U.S. debit products...

FinTech News

Equity Crowdfunding Platform Republic Announces $36 Million Round

by Fioney StaffMar 19, 2021

Equity crowdfunding platform Republic has just announced that it's raised $36 million in its latest funding round. The Series A was led by Galaxy Interactive while Tribe Capital, Motley Fool Ventures, and Broadhaven Ventures also participated. With the new round, Republic has now raised more than $70 million since its founding in 2016. Republic's platform allows both accredited and retail customers to invest in startups, cryptocurrency, real estate, and videos. On the site, investors can...

FinTech News

Eco Raises $26 Million in Latest Investment Round

by Fioney StaffMar 16, 2021

With cryptocurrencies and blockchain continuing their march into the mainstream, venture capitalists are taking notice of startups utilizing these technologies in new and interesting ways. Recent weeks and months have brought a flurry of investments to their firms. The latest in this line is Eco, which has just revealed an eight-figure funding round. This week, Eco announced that it had raised $25 million in its latest funding round. The Series...

FinTech News

BlockFi Announces $350 Million Funding Round

by Fioney StaffMar 11, 2021

With Bitcoin and other cryptocurrencies continuing to show strength, FinTechs that make such assets more accessible or who utilize them in interesting ways are seeing impressive growth as well. In turn, recent weeks have brought significant investments to such firms. The latest example of this trend is BlockFi, which just revealed an impressive funding round. Today, BlockFi announced that it had closed a $350 million funding round that valued the...

FinTech News

Bitcoin Investment Strategies Firm NYDIG Raises $200 Million

by Fioney StaffMar 10, 2021

With the cryptocurrency market continuing to grow, another FinTech that specializes in the space is seeing a major investment. This week, NYDIG announced that it had raised $200 million in investments from strategic partners. Described as a "growth capital round," the raise was led by Stone Ridge Holdings Group, Morgan Stanley, New York Life, MassMutual, Soros Fund Management, and FS Investments. Returning investors Bessemer Venture Partners and FinTech Collective also...