Author: Fioney Staff
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Concerto Raises $21 Million to Launch Credit Cards from Four MLB Teams
A startup that aims to create loyalty-minded co-branded cards has announced a major investment and partnerships to bring its vision to life. This week, Concerto announced that it had raised $21 million in early-stage funding. The round was led by Matrix Partners, while PayPal Ventures and GoldenTree Asset Management also participated. Furthermore, GoldenTree has created…
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DeFi Platform Ondo Finance Raises $20 Million
With decentralized finance continuing to capture interest, a DeFi startup has just announced a significant early-stage funding. This week, Ondo revealed that it had raised $20 million. The Series A was led by the Peter Thiel-founded firm Founder Fund as well as Pantera Capital. Other participants include Coinbase Ventures, GoldenTree, Wintermute, Steel Perlot, Tiger Global,…
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Sutton Bank, BHB Announce Banking-as-a-Service Association
With the FinTech sector continuing to grow at a rapid pace, numerous startups have turned to FDIC-insured banks to help power their platforms. These types of partnerships have since become known as “banking as a service,” with the licensed institutions being known as BaaS Banks. Now, one such bank is helping create an association to…
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Walmart Expands Gas Discount Benefit for Walmart+ Customers
Those looking to save money at the pump may now have another option. Today, Walmart announced that it was upgrading and expanding the gas discount benefit offered as part of its Walmart+ subscription. While customers previously enjoyed discounts of between 5¢ and 10¢ per gallon at Walmart and Murphy’s gasoline locations, they’ll now also be…
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Survey: 64% of Credit Users Cite Inflation Among Top Money Concerns
Overall inflation in the United States continues to reach multi-decade highs. In fact, in March 2022, the Labor Department’s Consumer Price Index recorded an 8.5% year-over-year increase, marking the largest annual gain since December 1981. As a result, consumers are feeling the pinch as prices on the goods they buy increase. Now, a survey of…
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Neobank Ando Announces Launch of “Change that Counts” Feature
In celebration of this year’s Earth Day (which took place on April 22nd), a growing FinTech unveiled its latest plan to help consumers combat climate change. Last week, Ando formally announced the launch of its Change that Counts feature. Now, customers can elect to round-up their purchases to the nearest dollar, with the change going…
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Bank of America Announces Transition to Recycled Plastic for Cards
Every year, millions of plastic cards are issued to banking customers across the country and around the globe. However, as concerns about the environment and the future of our planet rise, this practice has been called into question and several alternatives have been considered. Thus, in honor of Earth Day, one major bank is announcing…
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Fyle Launches Real-Time Spend Management For Small Businesses
Small business owners who are seeking an easier way to keep track of their employee expenses spending and accounting may be interested to hear about a new addition to the digital bookkeeping platform Fyle. This week, the company announced the launch of a new tool that will help business reconcile their expenses. As the FinTech…
