Fioney Staff
Fioney aims to help guide you to make the best decisions when it comes to the ever changing worlds of personal and small business finance.
Credit Card News
SoFi Introduces 3% Back Credit Card Offer for Direct Deposit Customers
by Fioney Staff
Oftentimes, when a credit card issuer wants to lure new cardholders, it will offer some sort of welcome bonus. Traditionally, these offers take the form of "Earn X points/dollars when you spend $X in your first three months." However, in recent years, different companies have tried putting some new spins on this idea to varying success. Now, the FinTech bank SoFi is offering a welcome bonus that not only has...
Small Business News
Survey: 90% of Self-Employed Gen Zers Unaware of Quarterly Taxes
by Fioney Staff
Today — April 18th, 2022 — is known as Tax Day for most Americans. However, for small business owners and self-employed workers, taxes may be due multiple times a year thanks to quarterly estimated payments. Unfortunately, as a new survey of more than 1,000 Gen Zers shows, many young entrepreneurs and freelancers appear to be unaware of these rules and may be spending more as a result. A recent survey...
Credit Card News
Bread Financial Introduces Bread Cashback American Express
by Fioney Staff
The "tech-forward financial services company" Bread Financial is expanding its offerings. In addition to its "buy now, pay later" platform Bread Pay and its high-yield saving product Bread Savings, the company is now rolling out a new rewards credit card. Now, customers can apply for the new The Bread Cashback card, which will operate on the American Express payment network. The Bread Cashback American Express Card's pitch is fairly straightforward:...
FinTech News
Wagestream Announces $175 Million Investment Round
by Fioney Staff
A FinTech platform aimed at helping workers improve their financial health has raised a significant investment for itself. This week, Wagestream announced it had raised a total of $175 million as part of its latest funding round. The Series C includes a $60 million equity component led by Smash Capital — a U.S.-based firm that counts Epic Games, Reddit, and DuckDuckGo among its prior investments. BlackRock, Balderton Capital, Northzone, and...
Small Business News
Square Debuts New Generation of Square Stand for Small Businesses
by Fioney Staff
Over the past decade, Square has become a ubiquitous part of many small businesses. In addition to its popular attachments that turn phones into card readers, the company has continued to expand its offerings with new platforms, products, and more. Now, the firm has announced an update to one of its small business options that allows entrepreneurs to repurpose tech they may already have and turn it into a point...
FinTech News
Robinhood Adds Support for Four New Crypto Assets Including SHIB
by Fioney Staff
At long last, Robinhood is bringing more cryptocurrency options to its platform. Today, the app announced that, for the first time in years, it was adding support for new crypto assets. Now, customers can buy and sell Compound (COMP), Polygon (MATIC), Solana (SOL), and Shiba Inu (SHIB). These assets join previously supported coins including Bitcoin, Ethereum, Dogecoin, Litecoin, Bitcoin Cash, and more. Of the four newly-added assets, Shiba Inu is...
FinTech News
FinTech Funding Hits $28.8 Billion in Q1 2022
by Fioney Staff
Following a record-breaking 2021, FinTech has seemingly continued that hot streak into the new year. Now, that hunch is being backed up by new data that shows a blockbuster first quarter for the sector. According to the latest report from CB Insights, startups in the financial technologies sector closed a combined total of $28.8 billion in deals last quarter. Although that's below the totals of quarters two, three, and four...