Digital banking startup Current crosses 2 million customers, raises $131M
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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.
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Fintech News Stories
As customers embrace wealth management apps, client satisfaction lags behind
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The J.D. Power 2020 U.S. Wealth Management Mobile App Satisfaction Study reports that while customers use wealth management apps more the pandemic, client satisfaction lags behind other consumer financial institutions such as credit card companies, retail banks and insurance companies.
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Point-of-sale lender Affirm files to go public
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Affirm, an 8-year-old ‘buy now, pay later’ firm founded by PayPal co-founder Max Levchin, filed to go public amid doubling year-over-year revenue in the third quarter and narrowing losses.
Read MoreWealth management fintech Oranj to shut down by end of the year
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Financial Planning first reported that 6-year-old wealth management software firm Oranj is shutting down by the end of the year.
Read MoreDaylight, a challenger bank for LGBT+ customers, launches in the US
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Daylight is a mobile-first digital banking platform launched to support LGBT+ people as they navigate their financial challenges.
Read MoreGoogle Pay takes on Venmo with updated app and peer-to-peer features
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A revamped Google Pay app rolling out this week will include bank accounts, peer-to-peer payments, and personal finance features.
Read MoreDOJ gives Mastercard green light to acquire aggregator Finicity
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The Department of Justice (DOJ) has cleared the way for Mastercard to acquire data aggregator Finicity, in a deal valued at $825 million.
Read MoreCVS begins to accept Venmo and PayPal QR code payments
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This week, pharmacy retailer CVS announced that customers can use Venmo and PayPal QR codes on their phones to pay for goods at stores.
Read MorePNC to buy BBVA’s US operations for $11.6B
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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 MorePayability partners with marketplace Newegg on working capital offering
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New York City-based fintech Payability is adding electronics marketplace Newegg to its list of e-commerce partners through an offering called Newegg Capital.
Read MoreTwitter to invest $100M in fund that offers loans to the underserved
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Twitter and the Opportunity Finance Network announced the creation of the Finance Justice Fund, which aims to bring $1B in capital from corporate and philanthropic donors to underserved individuals and communities.
Read MoreBitPay launches corporate crypto disbursements for workers and vendors
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Atlanta-based bitcoin payment service provider BitPay has launched BitPay Send, which lets companies make crypto disbursements to pay employees, affiliates, customers, vendors, contractors, and others.
Read MoreInvesting app Bumped launches to the public with Series A investment
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Bumped, a Portland, Ore.-based investment app, launched after years in a controlled beta. The app partners with brands to offer consumers fractional share rewards after making purchases.
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