Category: FinTech News
FinTech News
Wells Fargo Announces Expanded Availability of LifeSync Feature
by Kyle Burbank
Wells Fargo has announced that its bringing a new feature to more of its digital banking customers. About LifeSync: Originally launched to Wells Fargo Wealth & Investment Management earlier this year, LifeSync has now rolled out to all consumer customers. With this feature, users can create financial goals as well as track their progress. Among the personalized information that the LifeSync feature provides are account summaries, FICO credit scores, and... FinTech News
Financial Safety Platform Carefull Raises $16.5 Million
by Kyle Burbank
A service that helps protect consumers from scams and other financial mistakes has raised a new round of funds. About the round: This week, Carefull announced that it had closed a $16.5 million round. The Series A was led by Fin Capital with participation from Bessemer Venture Partners, TTV Capital, Commerce Ventures, Montage Ventures, and Alloy Labs. To date, the company has now raised a total of $19.7 million. About... FinTech News
Orum Announces Launch Bank Account Verification Tool
by Kyle Burbank
Orum has launched its new bank account verification tool aptly named Verify. About the tool: The payments API FinTech Orum has announced its new tool Verify. Built on top of the Federal Reserve's new FedNow platform, Orum says that Verify is able to confirm whether a bank account is open and valid within 15 seconds. The tool supports all United States-based consumer and business bank accounts. About FedNow: The Federal... FinTech News
PayPal, Venmo Credit and Debit Cards Add Apple Pay Support
by Kyle Burbank
PayPal and Venmo cards are coming to iOS devices thanks to an update. About the update: Earlier this week, PayPal announced that PayPal and Venmo credit and debit cards could now be added to Apple Wallet. As a result, cardholders can use their eligible cards via Apple Pay in order to make purchases and earn rewards. This includes purchases made in-store, online, and in apps. Cards can not only be... FinTech News
Arro Officially Launches in App Stores, Partners with Dovly
by Kyle Burbank
A FinTech with a unique credit-building card option is officially launching its service on major app stores. About Arro's launch: This week, Arro announced that it was now officially available in the Apple App Store as well as the Google Play Store. In turn, the credit-building Arro Card will now be available to the general public. Arro aims to make the world of credit more inclusive and accessible by using... FinTech News
Varo Bank Introduces "Varo to Anyone" Payment Feature
by Kyle Burbank
FinTech-turned-bank Varo has unveiled a new feature that gives customers another option for sending money to friends and family. About the feature: Varo Bank has announced the launch of its new Varo to Anyone feature. As the name implies, this addition will allow users to send money to anyone who has a debit card. This feature replaces Varo to Varo, which was limited to those who already had an account... FinTech News
Insurtech Platform Authentic Raises $5.5 Million Seed Round
by Kyle Burbank
A startup that's bringing the practice of "captive insurance" to smaller businesses has raised a new round of funding. About the round: This week, Authentic announced that it had raised $5.5 million. The seed round was led by Slow Ventures along with participation from Altai Ventures, MGV, Upper90, Clocktower, Commerce Ventures, Mischief Ventures, Core Innovation Capital, and others. About Authentic: Authentic is a startup that provides vertical software-as-a-service (SaaS) companies with...