Category: FinTech
Stay up to date on the latest trends in FinTech – where technology meets finance to create new market opportunities.
FinTech
FinTech
Healthcare Payments Startup Lynx Announces $17.5 in Funding
Oftentimes, when consumers consider what the term "FinTech" means, they picture neobanks, budget apps, and perhaps P2P lenders. However, the industry has continued to expand, with FinTech proving to be the basis for spin-off sectors such as insurtech. — which have gained popularity among users and venture capital firms alike. Now a company that blends finances and health care has "emerged from stealth," announcing its latest investment rounds. This week,...
FinTech
DeFi Social Trading Platform Nested Raises $7.5 Million
A DeFi platform that aims to add a social element to crypto trading has just garnered itself some investments. This week, Nested announced that it recently closed a $7.5 million round. The Series A was led by Alan Howard with Republic Capital, Kenetic Capital, CMT Digital, and a number of angel investors. Among these indivials investors were former Polychain Capital president Joseph Eagan, Earn co-founder Lily Liu, and Blackpool founder...
FinTech
Rize and MX Announce Partnership to Better Assist FinTechs
Following a record-breaking year for the FinTech sector that saw several high-profile investment rounds, initial public offerings, and breakthroughs, 2022 has picked up where 2021 left off. However, so far, this year seems to be one filled with mergers and acquisitions, as several such deals have recently been announced. At the same time, while some startups are joining forces in more permanent ways, many others are working in tandem less...
FinTech
Neon Introduces NFT Vending Machine in New York City
Love them or hate them, NFTs (non-fungible tokens) have exploded over the past year. However, despite the growing popularity, navigating the purchasing process remains a mystery for many — especially those not well-versed in cryptocurrency. Thus, Neon has unveiled a new solution it believes will help revolutionize the industry: an NFT vending machine. This week, Neon announced the opening of a new NFT vending location in New York City’s Financial...
FinTech
SoFi Announces Planned Acquisition of Technisys
What's already proven to be a big year for SoFi continued today as the FinTech announced its latest acquisition. This morning, the company announced that it had entered into a definitive merger agreement with Technisys. The all-stock deal is valued at approximately $1.1 billion. Currently, the transaction is expected to close by the second quarter of this year. Founded in 1999, Technisys is a banking-software company that currently powers banking platforms...
FinTech
Real Estate Crowdfunding Platform Groundfloor Raises $18 Million
A peer-to-peer real estate loan investment platform has just raised a significant amount of money to fuel its growth. Groundfloor has announced an $18 million mixed funding round. This figure actually includes three separate elements. First, the platform raised $5.8 million in equity from Medipower. Additionally, $7.2 million was raised via an equity crowdfunding campaign on SeedInvest, which drew interest from more than 3,600 individuals. Finally, another $5 million was raised through...
FinTech
