Category: FinTech
Stay up to date on the latest trends in FinTech – where technology meets finance to create new market opportunities.
FinTech
FinTech
Major League Soccer and Neobank Avant Form Partnership
A professional sports league and a FinTech are teaming up to bring fans a new credit card offering. This week, the "credit-first neobank" Avant announced that it had entered into a multi-year partnership with Major League Soccer. As part of that deal, the company will soon be launching a co-branded credit card called the MLS Forward card. Avant will also be featured at MLS events and will become a Presenting...
FinTech
Cardless Partnering with American Express for Future Cards
A growing digital credit card disruptor and one of the top card issuers in the United States have announced a team up. This week, the FinTech startup Cardless revealed that it had reached a new agreement with American Express. Under this partnership, brands will be able to launch digital-first credit card offerings that utilize the "benefits, offers, and security" of the Amex network. Additionally, while financial figures were not disclosed,...
FinTech
FinTech Funding Falters in Second Quarter of 2022
Following a record-breaking year in 2021, FinTech deals have taken a tumble so far in 2022. In fact, in Q2, the total amount of funding among startups in the sector fell to a six-quarter low. Similarly, other metrics such as the number of unicorn "births" were also down. According to the latest CB Insights report, FinTech funding totaled $20.4 billion in the second quarter of 2022. That's not only down...
FinTech
Chipotle Launches "Buy the Dip" Game, Adds Crypto Payments
So far, 2022 has proven to be a tumultuous year for cryptocurrencies. Not only have individual investors felt some pain as prices for numerous assets have taken some tumbles but some crypto-centric firms have even had to lay off staff or file for bankruptcy. But, despite so-called "crypto winter" in effect, one popular restaurant is taking the opporunity to further embrace cyrpto — while also poking a bit of fun...
FinTech
TomoCredit Closes $122 Million Funding Round
With credit card interest rates on the rise, a company that offers an alternative credit product has announced a new injection of capital to continue its mission. Today, TomoCredit revealed that it had raised $122 million in its latest funding round. That total includes $22 million in Series B equity and $100 million in debt financing. The equity portion of the round was led by Morgan Stanley's Nex Level Fund...
FinTech
X1 Credit Card Prepares for Public Launch, Raises $25 Million
Nearly two years ago, a new "smart credit card" called X1 was teased to consumers. Now, the card's wide launch to the general public is nearly upon us. Ahead of that, the company behind the product has also announced an impressive investment round. This week, X1 Card revealed that it had raised $25 million. The Series B was led by FPV Ventures, while other participants included Craft Ventures, Spark Capital,...
FinTech
