FinTech

Financial technology, often shortened to fintech, is the technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. It is an emerging industry that uses technology to improve activities in finance.
Ramp Valued at $7.6 Billion Following Series D Round
Ramp Valued at $7.6 Billion Following Series D Round
April 18, 2024  |  B2B Payments

Spend management platform Ramp says it is now a $7.6 billion company. The firm on Thursday (April 18) announced it had reached that valuation as it wound down...

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Mercury Expands Into Consumer Banking With Mercury Personal
Mercury Expands Into Consumer Banking With Mercury Personal
April 17, 2024  |  Banking

Startup-focused banking FinTech Mercury is getting into the consumer banking business. The company has launched Mercury Personal, designed to help builders in the tech sector optimize their money,...

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Possible Funding Thaw May Bring New Life to FinTech IPO Index
Possible Funding Thaw May Bring New Life to FinTech IPO Index
April 17, 2024  |  Fintech Investments

Call it the thaw after the FinTech funding winter. Maybe. And for the FinTech IPO Index, there may be some reason for cheer — perhaps...

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JPMorgan and Codat Team to Drive Virtual Card Adoption
JPMorgan and Codat Team to Drive Virtual Card Adoption
April 16, 2024  |  Payment Methods

Business data API provider Codat and JPMorgan Chase have teamed to promote virtual card adoption. It’s the thinking behind the launch of Codat’s Supplier Enablement data product. Announced Tuesday...

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Green Dot Names Marqeta Vet Renata Caine as BaaS Lead
Green Dot Names Marqeta Vet Renata Caine as BaaS Lead
April 15, 2024  |  Personnel

Green Dot has named payments industry veteran Renata Caine as its new Banking-as-a-Service (BaaS) general manager. Caine previously worked at Marqeta and at the commercial payments division of WEX, the...

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Zopa CEO Doubts UK FinTechs Will Go Public This Year
Zopa CEO Doubts UK FinTechs Will Go Public This Year
April 15, 2024  |  IPO

British digital bank Zopa is profitable and getting closer to going public.  But CEO Jaidev Janardana told the Financial Times (FT) Monday (April 15) that while the company...

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Revolut Investor Says FinTech’s Value Has Jumped 45%
Revolut Investor Says FinTech’s Value Has Jumped 45%
April 15, 2024  |  Digital Banking

A Revolut investor reportedly believes the FinTech’s value has climbed 45% since last year. An investment trust overseen by Schroders has upped its stake in the British company, from 7.88 million...

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Bunq Raises $31 Million After Quadrupling User Deposits in 2023
Bunq Raises $31 Million After Quadrupling User Deposits in 2023
April 12, 2024  |  Fintech Investments

European neobank Bunq’s shareholders signed a commitment letter in March to provide 29 million euros (about $31 million) of capital to finance the company’s growth. The...

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Credit Unions Want Gen Z’s Deposits and Loyalty
Credit Unions Want Gen Z’s Deposits and Loyalty
April 12, 2024  |  Credit Unions

For traditional financial services providers — chiefly credit unions — the future belongs to youth. For FinTechs, in looking at Gen Z consumers, well, things...

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