FinTech News
Credit Card News
FNBO and BP Announces BPme Rewards Visa Credit Card
With gas prices across the nation still higher than normal (despite oil prices falling for four straight weeks now), BP and First National Bank of Omaha (FNBO) have unveiled a new rewards credit card for customers. With the BPme Rewards Visa, cardholders can earn discounts on gasoline, as well as cashback on everyday purchases. First, in one of the most interesting perks, BPme Rewards card customers will earn 15¢ off...
FinTech News
Klarna Officially Closes $800 Million Down Round
The popular "buy now, pay later" app Klarna has confirmed its latest investment round. Following reports last week, the FinTech has now officially announced that it's raised $800 million in funding. The round builds upon a $639 million venture round the company closed in June 2021. However, while the earlier round valued the company at $45.6 billion, the latest raise cut that valuation to $6.7 billion. Like many other BNPL...
Economic News
U.S. Economy Adds 372,000 Jobs in June
In the face of recession fears, the United States jobs market continued to add jobs last month. According to a new Bureau of Labor Statistics report, the economy gained 372,000 jobs in June. As noted by CNN Business, that well outpaces the 272,700 jobs the economists surveyed had anticipated. Meanwhile, the unemployment rate stayed steady at 3.6%. With the latest jobs figures, the nation moves even closer toward reaching the...
Personal Finance
Survey Finds Americans Relying More on Credit Cards
With the economy hitting some sour notes, it looks as though the use of credit is on the rise. According to Credit Sesame's latest Personal Finance and Credit survey, Americans are relying more on credit cards now than they were last year. In fact, the percentage of respondents who reported using more than half of their available credit limit increased by nine points when compared to last year's survey. Additionally,...
Small Business News
Increased 2022 Business Mileage Rates Now in Effect
Over the past several months, drivers in the United States have been feeling the proverbial "pain at the pump" as gas prices across the nation have reached record highs. While this has impacted vacationers, commuters, and many others, it's also affected small business owners who use their vehicles for work. In recognition of this, the Internal Revenue Service has taken action. Recently, the IRS announced a rare (with the previous...
FinTech News
Zilch Adds $50 Million to Latest Funding Round
Despite some reversals of fortune in FinTech as of late, a growing U.K.-based firm has announced an additional investment. Recently, Zilch announced that it had extended its round with an additional $50 million in funding. The added funds bring their Series C to a total of $160 million, while the company has now raised $460 million in equity and debt to date. The extended funding round comes on the heels...
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