FinTech News
Economic News
IRS Extends 2019 Tax Payment Deadline to July
As the COVID-19 outbreak worsens, the virus is also wreaking economic havoc as many businesses are forced to close. In response the White House has been floating a number of emergency measures, including bailouts for certain industries and cash payments for the majority of Americans. Additionally this week the Internal Revenue Service announced that it would be extending the payment deadline for 2019 tax returns. While taxes are famously due...
FinTech News
Experian Boost Bestowed with Consumer Lending Innovation Award from FinTech Breakthrough
Recently the market intelligence organization FinTech Breakthrough celebrated a long list of companies and their accomplishments, announcing the recipients of their 2020 FinTech Breakthrough Awards. While these awards honored firms in a variety of categories, one of the most interesting awards was in the field of Consumer Lending Innovation, with the award going to Experian for their Experian Boost credit score product. Introduced in nearly one year ago, Experian Boost...
Small Business News
Uber Eats Supporting Local Restaurants with Waived Delivery Fee, More
In the past week, the situation surrounding COVID-19 has severely escalated in the United States. Not only have government advisories suggested that citizens refrain from forming groups larger than 10 — making dining out all but impossible — but other cities and states have ordered restaurants to close, excluding take-out and delivery service. As these developments threaten to hurt thousands of small businesses across the nation, Uber Eats has announced...
Personal Finance News
Apple Card to Allow Some Users to Skip March Payments Amid COVID-19 Pandemic
It has been a historic week in the United States as the country attempts to curb the spread of the novel coronavirus known as COVID-19. Beyond the health risks that this virus presents, the pandemic has also had an impact on the U.S. economy as several businesses are being forced to closed or have events canceled. In a bid to help those financially struggling due to the outbreak, Apple has...
Economic News
Longest Bull Market in History Ends Amid Pandemic
Just days after celebrating its 11th anniversary, the bull market in the U.S. — the longest in history — has come to a dramatic end. Despite some rallying efforts that followed major sell-offs last week, the continued spread of COVID-19 coupled with an oil price war has sunk the markets lower. Between the World Health Organization officially calling the novel coronavirus a global pandemic, President's Oval Office address that put...
FinTech News
Mobile Banking App Empower Raises $20 Million
Following a near-record 2019, FinTech has been off to a strong start in 2020. The latest example of this is Empower. The San Fransico-based firm recently announced that it had raised $20 million. The Series A included participation from Defy Ventures, Icon Ventures, and Nubank founder David Velez. Additionally previous investors Sequoia Capital and Initialized Capital joined the latest round. Although there are several budgeting and banking apps on the market...
Small Business News
