Small Business News
Personal Finance News
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 Card. Launching on June 26th, this new card will be accepted everywhere Visa is but...
Small Business News
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 bank will be supporting this effort to assist Black-owned small businesses with a commitment of...
FinTech News
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 arm of Spanish bank Santander Group. Additionally, returning investors Ribbit, Union Square Ventures, Vy Capital...
Personal Finance News
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 the survey was the fact that 55% of respondents say they're having a difficult time...
FinTech News
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 account that comes complete with a Mastercard debit card. That product was first released to...
Small Business News
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, Kabbage, is sharing a look at how the PPP has impacted their operations and what...
FinTech News
