Emotional connection in customer experience
Many digital financial services lack a “human heart”. And that should be something that worries the industry.
Consumer/Personal Finance
US Consumer Financial Protection Bureau fines Bank of America $10m for illegal garnishments
The CFPB alleges BofA unlawfully garnished at least 3,700 out-of-state accounts since August 2021.
Ohio’s KeyBank acquires Philly fintech firm GradFin
Founded in 2015, GradFin offers advisory solutions for people wanting assistance with their student loan debt.
US healthcare fintech Walnut raises $110m in Series A round
The round comprises of $10 million in equity financing and $100 million in debt financing.
Canada’s Neo Financial hits unicorn status with $145m Series C raise
The round was led by Valar Ventures, with new and existing investors also participating.
Latin American Bitcoin rewards credit card provider YoCripto readies for launch
YoCripto is on a mission to be the first in Latin America to offer a credit card with Bitcoin rewards.
UK credit fintech Pillar raises £13m pre-seed round
The round, led by Global Founders Capital and Backed VC, saw participation from a number of angels.
Co-branded credit card platform Concerto launches with $21m funding
The early-stage round was led by Matrix Partners and saw participation from PayPal Ventures.
California fintech Point secures $115m Series C to accelerate growth
Point enables homeowners to unlock equity from their homes.
Another brick in the wall: how Bloom is helping teens build financial literacy skills
Bloom enables teenagers to start building wealth by investing in the stock market and learning about finances.
US challenger Cogni lands $23m in Series A funding
Cogni claims to be focused on bridging the gap between Web2 and Web3 capabilities.
The complexities of getting funds to the people who need them during a crisis
Moving money where it’s needed quickly, reliably, and cost-effectively is more important than ever.
Canadian neolender QuadFi lands $100m financing facility
The facility will be used to provide personal loans to people with limited credit history.
Immigrant-focused fintech Welcome Tech raises $30m
The new funding brings the firm’s total capital raised to date to $70 million.
FinTech Futures Jobs: Three UK tech jobs with great benefits
Exciting open vacancies at Experian, Klarna and Hazy. Apply today!
Ellevest raises $53m in Series B funding backed by female investors
Ellevest saw investment from new women-led investors such as Halogen Ventures and Cleo Capital.
FinTech Futures: Top five stories of the week – 1 April 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Video: Morgan Stanley at Finovate Europe 2022 – driving financial inclusion
FinTech Futures chats with Morgan Stanley’s Sanghamitra Karra about the importance of financial inclusion.
New US banking app Swell set to launch in summer
Launching in June, the app combines checking, credit and more into one integrated account.
The systemic risks and vast opportunities in fintech
We speak with Megan Long, senior consultant at Deloitte, about the vulnerabilities, risks and innovations in the fintech ecosystem.
How Welcome Tech is working to drive financial inclusion for immigrants in the US
FinTech Futures speaks to Amir Hemmat, co-founder and CEO of Welcome Tech.
Fintech start-up Stilt secures $114m in debt and equity funding
The firm raised $14m in a Series A funding round and secured a new $100m debt facility.
BNPL platform ChargeAfter raises $44m Series B
The Series B brings the company’s total amount raised to date to $60 million.
Employment data platform Argyle lands $55m Series B to “reinvent credit decisioning”
SignalFire founding partner Ilya Kirnos will also join Argyle’s board of directors.
FinTech Futures Jobs: Three brilliant jobs you can apply for right now
Exciting open vacancies at Monzo, Klarna and Railsbank. Apply today!
Demystifying the Indian BNPL market
India is primed to be the largest BNPL market in the world with a massive addressable population.
Marlette secures $225m Series E to grow Best Egg financial platform
The round was led by the Healthcare of Ontario Pension Plan (HOOPP).
US fintech Acorns lands $300m investment to boost growth
The funding comes after the fintech abandoned its planned IPO in January.
ICYMI fintech funding round-up: in3, Noh, PictureWealth, Touché, and Yep!
Our weekly fintech round-up for you to get the latest funding news from around the world.
Banking for the good times and the bad
Banks should be proactive in helping us manage our money better in the good times and the bad.
A new world: Mission Lane on helping the underbanked build credit
FinTech Futures discusses financial inclusion in the US with Mission Lane CEO Shane Holdaway.
Aussie BNPL firm Zip confirms Sezzle acquisition
The deal values Sezzle at approximately $360 million (AUD 491 million).
Payroll API fintech Atomic secures $40m Series B funding
Atomic wants customers to be able to invest, save and accrue wealth by “unlocking the power of their paychecks”.
ICYMI fintech funding round-up: Anfin, Hubuc, Intix, Pluto, Upswing, & WALO
Our weekly fintech round-up for you to get the latest funding news.
ICYMI fintech funding round-up: Blend, Canza, IMAN, NayaPay, NymCard, Plinqit, & Tiiik
Our weekly fintech round-up for you to get the latest funding news.
Banking on spreadsheets
Banks and fintechs need to step up their game to serve customers better when it comes to money management.
Mos secures $40m Series B funding to drive product expansion
The cash will go towards hiring new staff as Mos looks to maintain its recent growth spurt.
Lowering the ladder: how NY fintech Xrent plans to help millennials become homeowners
“We have seen a widening wealth gap trend without much sign of slowing down,” says Xrent.
Canadian fintech Koho lands $165m Series D funding
The firm says the investment is one of Canada’s largest fintech funding rounds.
New US debit card fintech Xrent aims to help renters get on the property ladder
The fintech’s ‘rent-to-mortgage’ programme is designed to direct rent payments toward homeownership.
