Category: FinTech
Stay up to date on the latest trends in FinTech – where technology meets finance to create new market opportunities.
FinTech
FinTech
Carbon Credit API Cloverly Joins Visa's FinTech Partner Connect
Last year, Visa introduced the FinTech Partner Connect program to the United States, with the goal of introducing institutions to vetted startups that could help them expand their product offerings. Now, the latest company to join the program is Cloverly. Founded in 2019, Cloverly is an API for carbon credits, allowing businesses and consumers to help fight climate change. As the company points out, with the Visa partnership, Visa clients...
FinTech
Prosper Announces $75 Million Growth Capital Financing
A long-admired FinTech has added some new capital to its coffers and it continues to grow after more than 15 years in business. Recently, Prosper Marketplace announced that it had closed a $75 million debt financing round. This capital came from a fund managed by Neuberger Bergman and will be used to help Prosper meet the demand for its loans, credit card, investment products, and more. According to the company,...
FinTech
Venmo App Adds Charitable Giving Interface
Although Thanksgiving and retail holidays such as Black Friday, Small Business Saturday, and Cyber Monday may be on the minds of many people, a popular peer-to-peer payment app is looking ahead to Giving Tuesday. This week, Venmo announced the rollout of a new interface that will make it easier for users to discover and donate to various charities. The feature is now live in the latest version of the Venmo...
FinTech
Varo Adds Support for Zelle Payments
The neobank turned fully-fledged and nationally licensed bank Varo is once again expanding its platform. Now, customers will have access to the popular peer-to-peer (P2P) payment service Zelle from within the Varo app. Previously, while customers could use the Varo to Varo feature to send money to friends and could link their own external bank accounts, a universal P2P payment option wasn't available natively. To get started using Zelle within...
FinTech
BlockFi Latest Crypto Platform to Halt Withdrawals
With cryptocurrency exchange FTX filing for bankruptcy (after an acquisition deal with rival Binance fell through), the company's fall is impacting other crypto FinTechs as well. That now includes BlockFi. Last night, BlockFi announced that it was pausing withdrawals for customers and also requested that users not deposit funds at this time. In a statement posted to their Twitter account, BlockFi noted that the move was necessary due to news...
FinTech
Tellus Raises $26 Million to Fuel Continued Growth
A company that helps consumers grow their savings via real estate has just closed an early investment round itself. This week, Tellus announced that it had raised a total of $26 million. That includes a $16 million seed round led by Andreessen Horowitz, as well as a $10 million SAFE note from early investors. Also participating the in seed round were All-Stars Investments, Alumni Ventures, Decent Capital, Vectr Ventures, West...
FinTech
