Fintech News Stories
Challenger bank MoneyLion is considering going public via SPAC
/MoneyLion, a digital banking startup whose platform also offers lending and investing, is reportedly in talks to go public by merging with Fusion Acquisition, a special purpose acquisition company (SPAC).
Read MoreGoldman Sachs seeks acquisition to strengthen consumer banking unit
/Goldman Sachs, which reported that profits more than doubled year-over-year (YoY) in the fourth quarter of 2020, is reportedly on the hunt for an acquisition to strengthen its Marcus consumer banking unit.
Read MoreNCR offers to buy Cardtronics for $1.73B
/Reuters reports that NCR Corporation, an Atlanta-based company that makes ATMs and self-service payment kiosks for the retail and hospitality industries, has offered to buy Cardtronics for $1.73B in cash.
Read MoreHow Green Dot is disrupting challenger banks
/Green Dot, a bank holding company and banking-as-a-service provider behind more than 100,000 retail brands, launched GO2bank, a digital banking brand for low-to-moderate income customers.
Read MoreIndustry takes stand against violence in Washington, D.C.
/Several prominent financial industry leaders condemned the actions of a group of President Donald Trump’s supporters who stormed Capitol Hill on Wednesday, January 6.
Read MoreCanadian banks double down on personal finance assistants
/TD Bank and CIBC this week announced enhanced capabilities for their AI banking assistants, in a bid to drive engagement and keep customers in their ecosystems.
Read MoreBanking app Step raises $50M Series B, crosses half a million users in two months
/Step, a banking platform for teens, raised $50M in Series B financing led by Coatue, with participation from a range of known venture capital firms that are returning investors, alongside fintech executives from Visa, Venmo, Square, and Facebook. Celebrity investors include Dreamers VC (led by Will Smith), Tiktok star Charli D’Amelio, Justin Timberlake, The Chainsmokers, Eli Manning, and others.
Read MoreDigital banking startup Current crosses 2 million customers, raises $131M
/Current, a New York-based digital banking startup, has picked up $131M in Series C funding, following a year of “exponential growth” for the company.
Read MoreDaylight, a challenger bank for LGBT+ customers, launches in the US
/Daylight is a mobile-first digital banking platform launched to support LGBT+ people as they navigate their financial challenges.
Read MorePNC to buy BBVA’s US operations for $11.6B
/PNC Bank plans to buy Spanish bank BBVA’s U.S. operations in an all-cash deal valued at $11.6B. The deal will create the fifth-largest U.S. bank by assets.
Read MorePayPal rides digital adoption wave with user uptick and product growth plans
/PayPal reported third quarter earnings this week, in which it reported strong user growth and future plans for its digital financial product suite.
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