The Latest Breaking News from fintech

Savvy has raised $15.5 million in an additional round led by Canvas Ventures, closing the startup’s Series A at $26.5 million, Fortune can exclusively report. Thrive Capital, Brewer Lane Ventures, Index Ventures, The House Fund, and Alumni Ventures, all existing investors, also participated in the round.

Gujarat-based fintech company Infibeam Avenues has struck a deal worth about Rs 50 crore to acquire a 54 percent stake in Rediff, one of the oldest internet firms in the country.

The consumer financial services sector is ready for strong growth due to the shift to a digital economy, the adoption of advanced technologies like AI, fintech innovations, and changing consumer preferences. Therefore, financial stocks Enova International (ENVA), Synchrony Financial (SYF), and World Acceptance (WRLD) could be wise investments for value…

The House passed a bill that seeks to establish an inclusive working group to protect the digital assets space from terrorism and illicit financing activities, months after the crypto industry saw successive support from Congress in the form of crypto-focused legislation.

The fintech revolution is rapidly innovating and disrupting traditional banking by offering mobile and personalized financial solutions and services, creating attractive investment opportunities. Amid this backdrop, it may be wise to invest in strong fintech stocks like PayPal Holdings (PYPL), NerdWallet (NRDS), and Qifu Technology (QFIN). Read more.

The "buy now, pay later" CEO sees a lot of similarities between fintech and carmaking, particularly when it comes to security and quality.

Sezzle is a profitable growth stock operating in the fintech space. SEZL stock is up over 300% in 2024, and continues to trade at an attractive valuation.

The secondary sale will be closely monitored as Revolut has become the crown jewel of the U.K.’s fintech sector and the most valuable private company in Europe.

On June 26, Evolve Bank & Trust said it had experienced a cyberattack and data breach, resulting in customers' data being exposed.