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Gamified Savings Account Yotta Savings Raises $3.3 Million

Can a savings accounts that come with a chance to win a lottery jackpot change the way American consumers save? That's what Yotta Savings is betting on — and now so are several venture capital firms. As Crunchbase reports, Yotta has just closed a $3.3 million seed round. In addition...

Wirex Reaches Crowdfunding Goal in Just 90 Minutes

Who needs venture capital firms anyway? Apparently not Wirex as the U.K.-based payments company easily smashed its fundraising goal using the platform Crowdcube. This morning, the startup surpassed its initial ask of £1 million ($1.28 million) in less than an hour and a half. The campaign was opened to the...

IRS Alters 1040 Form to Make Crypto Question More Prominent

Taxpayers who hold, exchange, and transact cryptocurrencies will soon have one fewer excuses for not reporting these activities to the Internal Revenue Services (IRS). According to the Wall Street Journal, the new Form 1040 for the 2020 tax will make it harder to ignore a question about cryptocurrency assets. Now,...

FinTech Credit Card Company Petal Raises $55 Million

Throughout the past few months, at a time when the whole world is feeling disrupted, startups once called "disruptors" have found their services becoming more important than ever. In turn, there seems to be a streak of investments in these companies. Case in point: this week, Petal revealed that it...

20 of the Top FinTech Deals of 2020 (So Far) 2

In the face of a global pandemic, the FinTech industry continues to thrive. From investment app and mobile wallets to insurtech and digital business tools, companies of all kinds have seen significant growth in 2020, fueled by some impressive investments. With that in mind, today we highlight 20 of the...

Savings App Guac Launches Equity Crowdfunding Campaign

Over the past few months, the FinTech industry has seen a slew of funding rounds — including some that have climbed even after their original announcement. While these traditional venture capital-led rounds are certainly the norm, they aren't the only way for startups to raise funds. Case in point: this...

Robinhood Adjusts Options Trading Features Following Criticism

As the free stock trading app Robinhood continues to explode in popularity, the platform has also garnered some criticism and scrutiny. This not only includes a 2018 misstep that found that company backtracking on plans for a "Checking & Savings" account but has also continued with the Securities and Exchange...

Neobank Revolut Officially Expands to Japan

Over the past few years, neobanks have become some of the largest players in the FinTech space. While many of these startups are based in the United States, Europe has also seen an explosion of challenger banks — with some making their way to America as well. Now one Britain-based...