Economic News
FinTech News
HMBradley Launches Digital Banking Product that Rewards High Savings Rates
When the Federal Reserve made two emergency cuts to interest rates amid the COVID-19 pandemic, many formerly high-yield savings products lost a bit of their luster. Meanwhile a growing trend in FinTech online banking offerings (which typically come via partnerships with actual banks with FDIC deposit insurance) has been to peg interest rates to different achievements. That's certainly the case with HMBradley, who just officially launched their digital banking product...
Small Business News
Plastiq Raises $75 Million For Stronger Pivot to Small Business Owners
Even in the midst of an unprecedented pandemic, it seems that deals are still getting done. This week Plastiq announced it had raised a whopping $75 million as part of its latest round. The Series D was led by B Capital Group, while existing investors Accomplice, Kleiner Perkins, Top Tier Capital Partners, and Khosla Ventures also participated. Previously the company saw a $27 million Series C in late 2018 and...
FinTech News
Crypto.com Partnering with Three Crypto Tax Providers
Just because Tax Day has officially been moved to July 15th doesn't mean that individuals don't need to be thinking about their 2019 returns. Moreover, with the Internal Revenue Service (IRS) taking an enhanced interest in cryptocurrency capital gains in recent months, it would behoove crypto holders to make sure they're in compliance with the agency's guidelines and properly filing their returns. With that in mind, Crypto.com has just announced...
Economic News
How Will Americans Spend Their Emergency Stimulus Checks?
With the COVID-19 pandemic negatively impacting the lives of millions, this week the United States Congress has been attempting to pass a massive stimulus bill that would offer relief to some workers and businesses. As of this writing, the details of an apparent deal reached in the Senate are not available but it is currently expected that individual adults making under $75,000 a year (based on your adjusted gross income)...
Small Business News
Facebook Establishes a $100 Million Small Business Grant Program
For as much grief as Facebook often gets from regulators, politicians, and everyday citizens alike, the company has proven itself to be strong allies of small businesses nationwide and globally. Thus, in this time of unprecedented challenge to entrepreneurs, the social network is stepping up to help. Last week Facebook announced that it formed a new grant program that will give $100 million to small businesses. As TechCrunch reports, the...
FinTech News
Credit Sesame Announces Sesame Cash Digital Banking Offering
Believe it or not, yet another FinTech is ready to play challenger bank, unveiling plans for a checking account and debit card. Recently the free credit score site Credit Sesame announced its new offering Sesame Cash. While existing Credit Sesame customers can now join the waitlist for the new product, it is expected to roll out to the general public sometime after that. According to the company, Sesame Cash will...
Economic News
