Author: Fioney Staff
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Square Clarifies Controversial “Reserves” Policy
Over the past several years, Square has grown into one of the most popular small business tools and enabled entrepreneurs to process payments in new ways. However this ubiquity also means that changes to their policies — such as adjustments made to their fees — are often big news and may court controversy. The latest…
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Verizon Announces Verizon Visa Card for Wireless Customers
Ever since Apple announced that it would be launching a credit card of its own, there has been a slew of brands introducing their own credit, debit, and savings products — including some seemingly left-field choices. The latest in the line-up is the U.S. wireless company Verizon, who has just unveiled the upcoming Verizon Visa…
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Comerica Bank Commits $1 Million to Create Black Capital Access Program
Given the current state of our country and its small businesses, one bank has revealed its plans to step up and assist one community of entrepreneurs who are among the hardest hit. Last week, Comerica Bank announced that it was partnering with the National Business League to create the Black Capital Access Program (BCAP). The…
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Upgrade Raises $40 Million in Latest Funding Round
Once again setting aside fears that the coronavirus crisis would cripple FinTech investment, another notable deal was announced this week. This time it was Upgrade disclosing new funding, with the San Fransisco-based company revealing a $40 million round. Upgrade’s latest round — a Series D — was led by Santander InnoVentures, which is the VC…
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Survey Finds Majority of Americans are Struggling to Reduce Debt Amid Coronavirus Crisis
If it weren’t already clear that the COVID-19 pandemic was hitting Americans in their pocketbooks, the latest edition of a financial literacy poll once again highlights some of the struggles consumers are having. The survey (conducted by Harris Poll) asked 2,000 U.S. adults about their current financial situation and what factors were impacting them. Headlining…
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Credit Sesame Completes Acquisition of STACK
Following several notable deals so far this year, it looks like FinTech’s M&A streak is continuing, with Credit Sesame emerging as the latest buyer. This week, the company announced that it had completed its acquisition of Canadian challenger bank STACK. Previously, the two companies had collaborated to introduce Sesame Cash — a free digital bank…
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Online Lender Kabbage Among Largest PPP Loan Processors
For the past couple of months, the biggest story in the world of small business has been the SBA’s Paycheck Protection Program (PPP). This of course includes the program’s successes, failures, and controversies as well as the banks and other lenders who have stepped up to help their clients claim funds. Now one online lender,…
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Is Robinhood Playing a Role in the Bull Market Rally?
When the situation surrounding the COVID-19 pandemic worsened early this year, it became clear that the longest bull market in history would soon be coming to an end. While that did indeed happen, it was then followed by one of the shortest bear markets in history as stocks managed to rally — right up until…
