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Robinhood's Newest Funding Round Grows To $660M

PYMNTS

Trading FinTech Robinhood Markets Inc. We've raised an additional $460 million in subsequent closings to our Series G to support our core product and customer experience and new offerings like cash management and recurring investments,” the representative noted.

Arizona 178
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Goldman-Backed Construction FinTech Rabbet Raises $8M

PYMNTS

Through intelligent automation, our platform provides operational efficiency, improved customer experience, and faster payments, representing a $21 billion opportunity for lenders and borrowers.”. The funding will also go to support its effort to expand its software engineering and sales teams located in Austin, Texas. “We

Fintech 134
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Weekly Wrap: N26 grows US customer base, Venmo embeds with brands

Bank Innovation

expansion; and Why a digital bank in Texas is awarding miles instead of interest. In this episode, editors discuss the following news developments: Venmo’s path to profitability; Berlin-based digital bank N26’s U.S. Listen to the Weekly […].

Branding 243
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Praxent boosts workforce amid multiple software launches

BankInovation

User experience and software engineering company Praxent has hired 45 employees over the last year to enhance the customer experience and keep up with new product launches.

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5 payments trends you should know about

Independent Banker

Increased competition signals that the payment relationship with the customer is up for grabs by a growing group of challengers. CB Insights revealed that Q3 2022 fintech investments in payments continue to dominate financial services, with early-stage deals reaching a record high even as overall funding begins to cool.

Trends 140
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Where is the Financial Services Industry in the digital transformation journey?

Insights on Business

I thought one panel participant explained eloquently where the financial services industry is in the digital transformation journey when he put it in terms of the incumbent bank’s relationship with fintechs. He observed: We’re in what was described as “Phase 3” with fintechs. He hits on an important insight.

Industry 143
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BBVA, Prosper Partner To Offer Easier Home Equity Loans

PYMNTS

BBVA USA, which has a large presence in Alabama, Texas, Arizona, New Mexico and Colorado, has worked with Prosper to provide its institutional knowledge of HELOC applications while the new initiative was being developed. “We

Alabama 100