Category: FinTech News

FinTech News

Cloud Accounting Startup Lockstep Announces $10 Million Round

by Fioney StaffFeb 9, 2021

In a sea of digital banking services and budgeting apps, it's easy to forget how large the scope of FinTech actually is. Additionally, while many startups are focused on P2P, there are plenty of financial needs in the B2B space as well. Enter Lockstep — a cloud accounting startup aiming to help businesses manage their cash flow and invoices. Now, the company has announced a new round of funding that...

FinTech News

Bitcoin Soars to Record High As Tesla Announces Plans to Accept the Cryptocurrency

by Fioney StaffFeb 8, 2021

Just as Bitcoin ended 2020 in style, it seems to be having an even better 2021. Although the asset remains volatile, it's seen a fairly steady rise in recent months — a far cry from the crash observed just a few years earlier. Now Bitcoin is getting another boost in both price and endorsement as Telsa has announced a major purchase of the cryptocurrency. As CNBC report, an SEC filing...

FinTech News

Bitcoin ATM Operator CoinFlip Surpasses One Million Transactions in 2020

by Fioney StaffFeb 4, 2021

Despite the fact that 2020 could hardly be described as a good year for the vast majority of people, it was undoubtedly a strong year for Bitcoin. In fact, even as other volatile stock market happenings have distracted some from cryptocurrencies, Bitcoin and other assets have enjoyed continued prosperity so far in 2021. This has not only allowed long-time believers to see their holdings rise but has also provided several...

FinTech News

Clarity Money to Shut Down App This March

by Fioney StaffFeb 3, 2021

In the world of FinTech, being acquired by a larger company or institution can be a blessing as it gives startups greater access to capital and resources they need to continue development. On the other hand, depending on the parent company, such mergers can lead to stagnation or closure. Now, the personal finance platform Clarity Money may be experiencing a bit of the latter scenario as the Goldman Sachs-owned app...

FinTech News

Lottery-Inspired Savings Platform Yotta Raises $13.2 Million

by Fioney StaffFeb 1, 2021

It's a well known fact that many Americans have trouble building up their savings. With that in mind, several FinTechs have put their spin on digital banking in a bid to encourage good financial habits. Among the firms fitting this description is Yotta, which offers a savings account with a lottery element, allowing account holders to earn weekly prize tickets as they increase their balance. This concept seems to be...

FinTech News

Robinhood Restricts Trading on GameStop, AMC, and Other "Short Squeeze" Stocks

by Kyle BurbankJan 28, 2021

Over the past few days, Wall Street observers have been gripped by a battle of sorts playing out between short-seller hedge funds and retail investors. This tug of war has been most prominently displayed in stocks for video game retailer GameStop and movie theatre chain AMC, with both stocks seeing three and even four-figure percentage gains. Now, as a result of this volatility and the risk that comes with it,...

FinTech News

Home Lending Tech Platform Roostify Announces $32 Million Funding Round

by Fioney StaffJan 26, 2021

Another week means another FinTech deal. Today, Roostify announced that it had raised $32 million in its latest round. The Series C was led by Ten Coves Capital with principals at Stone Point Capital as well as returning investors Cota Capital, Mouro Capital, Colchis Capital, Point72 Ventures, and JPMorgan Chase also participating. To date, Roostify has now raised a total of $65 million. With the latest injection of capital, Roostify says it will continue to leverage...

FinTech News

Curve Raises $95 Million as It Plots U.S. Debut

by Fioney StaffJan 20, 2021

Just a few weeks into 2021, the FinTech deals market is already starting to heat up. Last week, London-based Curve announced that it had raised $95 million in its latest funding round. The Series C was led by the trio of IDC Ventures, Fuel Venture Capital, and Vulcan Capital. OneMain Financial and Novum Capital also participated. With the latest round, Curve has raised a total of $175 million to date. With the...