FinTech News Archives

Category: FinTech News

Robinhood Gold Credit Card

Robinhood Reveals New Credit Card, Reimagined Flagship App

During its "New Gold Standard" keynote event, Robinhood made some major announcements, including the launch of a new credit card. About the Robinhood Gold Card: The headlining announcement was the reveal of the new Robinhood Gold Card. In a bit that paid homage to Steve Jobs' iconic iPhone announcement, Robinhood co-founder and CEO Vlad Tenev teased plans to release three different cards (a starter card, an everyday card, and a...
FundGuard logo

FundGuard Announces $100 Million Funding Round

A FinTech firm looking to modernize investment accounting has raised a new "mega-round." About the round: This week, FundGuard announced a $100 funding round. The Series C was led by Key1 Capital with participation from new investors Euclidean Capital and funds managed by Hamilton Lane. The round also included returning investors Blumberg Capital and Team8. To date, the company has now raised a total of $156 million including a Series B in...
Coterie logo

Insurtech Startup Coterie Raises $27 Million

A Cincinnati-based insurtech company has revealed a new funding round. About the round: This week, Coterie announced it had raised $27 million in new funding. The oversubscribed round included participation from new investor Hiscox as well as returning investors Intact Ventures, Weatherford Capital, RPM Ventures, and others. To date, the startup has now raised a total of $102 million. With this new funding, the company says it will be able...
BNPL app

Galileo Introduces Post-Purchase BNPL Solution for Banks

Galileo is bringing new purchase financing options to a variety of card customers. About the feature: The FinTech Galileo (which is owned by SoFi) has announced an expansion of its "buy now, pay later" platform. Now, banks and fellow FinTechs can enable a post-purchase installment plan option for debit and credit cardholders. This joins a more traditional pre-purchase BNPL feature. These options are now available via an API. According to...
Welcome to the New Era of Digital Investing

Apex FinTech Solutions Acquires AdvisorArch

Apex FinTech Solutions, which provides clearing services and other solutions, has announced its latest acquisition. About the acquisition and AdvisorArch: Today, Apex FinTech Solutions revealed that it had acquired AdvisorArch — a company that Apex has partnered with since 2023. Terms of the deal were not readily disclosed. According to Apex, the acquisition will allow it to strengthen its platform and expand its digital advice tools. For example, it notes...
Oxygen app

Oxygen Ending Banking Services, Pivoting to Health Solutions

The business and consumer neobank Oxygen has announced a "temporary" exit from banking services. About the closure: Oxygen has announced that it will be "pausing banking" and will shut down its current accounts. First, as of today, the Total Rewards Program will be discontinued. Effective March 16th, users will no longer be able to deposit money into their Oxygen account. Then, on March 21st, services such as Round Up Spare...
woman holding a Tomo Credit Card

TomoCredit Offering Proprietary TomoScore to Businesses

TomoCredit has announced that it will be bringing its unique creditworthiness model to more businesses. About TomoScore and the expansion: TomoScore is an underwriting model designed as an alternative to FICO or other traditional credit models. Among the factors Tomo's model looks at are cash flow as well as on-time payments for bills, regular income, monthly rent payments, and investments. By focusing on these elements, TomoScore allows those who are...
Healthee team photo

Health Tech Startup Healthee Raises $32 Million

A health tech company focused on changing the way employees interact with their benefits has raised an impressive new round of funds. About the round: This week, Healthee announced that it had raised $32 million. The Series A was co-led by Fin Capital, Glilot Capital Partners, and Group 11. Additionally, strategic partner TriNet participated. To date, the company has now raised $55.5 million, including a $22 million seed round (led...
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A Guide to Building Credit and Increasing Your Credit Scores

When it comes to credit, there’s some good news. The average credit score in the United States has been steadily rising in recent years, coming in at 715 in 2023. That may be because, today, consumers not only have more ways to access their credit reports and scores than ever before but also because there are an increasing number of options that Americans have for building credit in the first...

2024 SoFi Checking and Savings Review

Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. Lately it seems as though that theme has been sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind...
Chase Freedom Flex card

Chase Reveals Q2 2024 Freedom 5%(+) Bonus Categories

Chase has announced its bonus category picks for the second quarter of 2024 — including some interesting twists. About the categories: As April approaches, Chase has revealed what categories Freedom and Freedom Flex cardholders can earn bonuses on. From April 1st through June 30th, customers can earn 5% (or more) in three categories: Amazon.com, Hotels, and Restaurants. Similar to how Chase embraced a "New Year, New Me" theme last quarter,...

FedEx Announces Winners of 11th Annual 2023 Small Business Grant Contest

Nearly three months after the entry period ended, FedEx has announced the winners of its 11th annual Small Business Grant Content. This year's event saw more than $300,000 in funds going to a variety of small businesses across the nation. Last month, the company revealed 100 finalists, with that list now being narrowed down to just 10 winners. This year's grand prize winners included KindVR, The Cupcake Collection, Up In...
H-E-B and Central Market  credit cards

Imprint Launches Credit Cards from H-E-B and Central Market 

The FinTech Imprint is partnering with the popular Texas-based grocery chain H-E-B for a pair of new rewards credit cards. This week saw the launch of the H-E-B Visa Signature Credit Card as well as the Central Market Visa Signature Credit Card. With these two (nearly identical) options, customers will be able to earn rewards on groceries and beyond. First, both versions of the card earn up to 5% back on select...