Robinhood announced a handful of features last week, including the rollout of Robinhood Earn, a decentralized lending product that allows people to lend their dollar-backed USDG through a self-custody wallet at an estimated 7% APY. This estimated 7% APY on USDG stablecoin deposits is high enough to raise eyebrows, especially at a time when banks are paying closer to 3% to 4% on their highest-yield savings accounts. So how can Robinhood sustainably offer 7%?
Robinhood Earn
First, let's...
- AI-powered investment solutions provider for asset and wealth managers MDOTM has raised $27 million in funding.
- The round was led by Expedition Growth Capital and takes MDOTM's total funding to $36.5 million.
- MDOTM made its Finovate debut earlier this year at FinovateEurope 2026, introducing its proprietary AI investment platform Sphere.
In a round led by Expedition Growth Capital, AI-driven investment solutions provider MDOTM has secured $27 million in growth equity...
- Klarna has applied to establish Klarna Bank USA, a Utah-chartered industrial bank, marking its latest step toward becoming a full-service bank in the US.
- Owning a bank charter would allow Klarna to bring banking operations in-house, reducing its reliance on partner banks while expanding its payments, savings, credit, and merchant offerings.
- Klarna joins a growing wave of fintechs pursuing US bank charters in 2026, reflecting an industry shift toward owning banking infrastructure...
Finovate Podcast host Greg Palmer showcases the winners of Best of Show from FinovateSpring 2026 in his latest series of podcast conversations.
The five companies that won Best of Show represent many of the top trends in fintech today, from embedded finance and stablecoin-powered payments to mainframe modernization and AI-enabled personalization. In these interviews, we learn about the inspiration behind the founding of these innovative companies and the problems they are solving for...
How are financial institutions like US Bank helping small businesses take advantage of new, innovative tools and technologies that will enable them to better serve their customers and scale their operations? At FinovateSpring 2026 earlier this year, I spoke with Queanne Smith, Senior Vice President at US Bank, on how integrated digital solutions and strategic partnerships can bring greater efficiency and new revenue opportunities to small and medium-sized enterprises.
In our...
