Figure Technologies brings its valuation to $3.2 billion with a new round of funding.
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The new bank will be subject to heightened scrutiny from the OCC for at least three years.
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Financial firm SoFi announced they had signed an agreement to purchase Galileo Financial Technologies for $1.2 billion.
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California-based financial firm SoFi has acquired a BitLicense from the New York State Department of Financial Services.
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Following a partnership with Coinbase in February 2019, SoFi is introducing zero-fee crypto trading on its SoFi Invest platform.
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Founded by the former SoFi CEO, Figure completed a $1 billion “uncommitted” financing facility via blockchain with Jefferies and WSFS.
4964 The FinTech industry has had over 45 venture capital investments, equivalent to US$3 billion in global ventures in 2013.
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