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UpEquity Lands $50 Million to Help Home Buyers Make All-Cash Offers
Mortgagetech player UpEquity landed $50 million this week to help democratize home buying. The investment brings the Texas-based company’s total funding to $76.7 million in combined debt and equity....
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Klarna Adds Online Trip Planning with Inspirock Acquisition
Does COVID have you dreaming up your long-awaited vacation? Consumer payment services firm Klarna’s latest acquisition may be of help. The Sweden-based company snapped up Inspirock, an online trip...
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Envestnet Makes Strategic Investment in YieldX
Investment solutions provider Envestnet announced it has made a strategic investment in fixed income investing platform YieldX this week. Illinois-based Envestnet was the lead investor in YieldX’s...
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Why PayPal Actually Should Acquire Pinterest
Last week the rumor mill was turning rapidly with news that PayPal was in talks to purchase visual bookmarking tool Pinterest. The purchase would have been a big one, as PayPal was said to have...
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Marqeta Partners with Amount to Help Banks Enter the BNPL Space
Payment processor Marqeta teamed up with buy now, pay later (BNPL) company Amount this week. The two are working together to help banks compete in the BNPL arena. The partnership will integrate...
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OurCrowd Raises $25 Million to Democratize Access to VC Funds
Venture investing platform OurCrowd announced today it landed $25 million in funding. The convertible equity investment comes from SoftBank Vision Fund 2, a subsidiary of Softbank Group that...
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A Preview of FinovateEurope’s All Star Speaker Lineup
We are still 143 days away from FinovateEurope— the show is taking place in London on March 22 through 23, 2022– but we’ve been getting ready for Finovate’s first in-person show in Europe since 2020....
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Visa Invests in Deserve to Boost Access to its Credit Card-as-a-Service Product
Credit card innovator Deserve is getting a boost this week. That’s because Visa invested an undisclosed amount into the credit card company, which already counts $287 million in total funding. The two...
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Standard Bank Taps Flutterwave to Enhance Payments in African Nations
Africa-based Standard Bank announced this week it is partnering with payments technology company Flutterwave. The bank is looking to Flutterwave to help improve the digital payment experience for...
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Digital Currency Group’s Valuation Soars to $10 Billion After $700 Million...
Perhaps the biggest news in crypto today (besides Burger King’s announcement to give away Dogecoin, Ethereum, and Bitcoin) is that crypto investment firm Digital Currency Group (DCG) sold $700 million...
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3 Reasons the U.S. Will Come in Last in the Race to a CBDC
The concept of Central Bank Digital Currencies (CBDCs) is already familiar to most in the banking and fintech industry. However, the idea that the U.S. will have a functioning CBDC of its own in the...
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Ocrolus and Blend Partner to Automate the Mortgage Process
Digital banking platform Blend and financial document automation platform Ocrolus are partnering this week to embed Ocrolus’ Human-in-the-Loop (HITL) document analysis solution into Blend’s digital...
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PayPal’s Venmo Will be a Payment Option on Amazon Next Year
PayPal announced this week it is partnering with online retail giant Amazon. Under the agreement, PayPal’s Venmo will be listed as a payment option for U.S. Amazon shoppers online and in the Amazon...
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Xspaced Launches Virtual Bank Accounts for Renters
Flexible rent payment platform Xspaced launched its digital bank accounts for tenants today. The bank accounts enable Xspaced’s FlexRent product, a tool that helps tenants split their rent payment...
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How One Fintech Founder’s U.S. Military Experience Impacts His Operations
Veterans Day in the U.S. is a day to remember and honor the sacrifices our military veterans have made to preserve the freedom we enjoy on a daily basis. How can banks and fintechs give back by...
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Atomic Lands $25 Million for its Investing-as-a-Service Technology
Wealthtech company Atomic announced its company launch along with a $25 million in a Series A funding round today. The round, which was co-led by QED Investors and Anthemis with participation from...
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Stori Raises $200 Million for Financial Services for the Underserved
Mexico-based Stori landed $200 million this week in combined debt and equity. The investment, which bring the company’s total funding to almost $250 million, will help the fintech provide financial...
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Float Lands $30 Million for Spend Management Technology
Float, a Canada-based startup that offers a corporate card and spend management solution, landed $30 million (C$37 million) in funding this week. The Series A round was led by Tiger Global and brings...
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Here’s Why AI is No Longer a Fintech Trend
Can we stop naming AI as a trend in fintech? Probably not yet, but we should. That’s because trends ebb and flow, but AI isn’t going anywhere. Banks and fintechs aren’t going to let up on leveraging...
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Upgrade Now Valued at $6 Billion after $280 Million Raise
Alternative credit provider and digital bank Upgrade announced a $280 million investment this week. The Series F round brings the company’s total funding to $600 million and boosts its valuation to $6...
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