FinTech News
FinTech News
Pocketnest Raises Fresh $2.6 Million Funding Round
A platform that seeks to educate users about financial topics has closed its second funding round in 2022. This week, Pocketnest announced that it had raised $2.6 million. The latest seed round was led by Reseda Group and follows a $2 million round the company raised earlier this year. To date, Pocketnest has now raised nearly $5 million. According to the FinTech, these funds will support a 24-month runway and...
Credit Card News
AMC Entertainment Announces Co-Branded Credit Card Offering
During the pandemic, the struggling AMC Theatres got a boost when the company became a hit "meme stock" alongside the likes of GameStop. Since then, the theatre chain has embraced this side of its business, including offering perks to shareholders. Now, the company is prepping for another way to build upon this loyalty, announcing the impending debut of the AMC Entertainment Visa Card. According to AMC, it's set to be...
Small Business News
Small Business Payment Automation Tool Plooto Raises $20 Million
A FinTech that helps small businesses manage their payments just collected some cash of its own. This week, Toronto-based Plooto announced it has raised $20 million USD — or $27 million CAD. The Series B was led by Centana Growth Partners, while returning investors FINTOP Capital and Luge Capital also participated. Previously, the company closed an $8 million CAD ($6.34 million USD) Series A early last year. According to Plooto,...
Personal Finance News
Study: States with the Highest Credit Card Debt-to-Income Ratios
One of the surprising financial developments during that pandemic is that average credit card debt actually declined thanks in part to Americans traveling less and using stimulus checks to pay down balances. However, with inflation and interest rates rising since then, balances have begun to rise once again. Recently, the site Upgraded Points released a new study looking at the credit card debt load of residents in the United States...
FinTech News
Galileo Introduces BNPL Virtual Card Solution for Banks, FinTechs
With the popularity of "buy now, pay later" platforms continuing to rise, the FinTech API provider Galileo has announced new functionality that will give banks and FinTechs an easy way to jump aboard the train. As the company explains, this new feature will enable institutions to issue single-use virtual cards for the purpose of buy now, pay later financing. This will allow banks and FinTechs to enter the growing BNPL...
Personal Finance News
Best Western Rewards Reveals Holiday Bonus Point Opportunity
As millions of Americans gear up for their holiday travels, one well-known hotel chain has announced a new promotion that could yield customers some sizable bonuses. Between now and February 5th, Best Western Rewards customers can earn up to 20,000 bonus points over the course of four stays. After their first eligible stay, they'll earn 2,000 bonus points followed by 4,000 after their second stay, an additional 6,000 after their...
Personal Finance News
