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.
FinTech News
Cion Digital Raises $12 Million to Expand Cryptocurrency Payments
by Fioney Staff
There's no doubt that 2021 was a breakout year for crypto. Not only did several assets see major price increases (along with plenty of volatility) but a number of startups in the cryptocurrency space also saw significant investments. Now, with 2022 officially underway, one crypto-centric FinTech is starting off the year by closing a new funding round. This week, Cion Digital announced that it had raised $12 million. The seed...
Economic News
U-Haul Data Shows Which States Americans are Migrating To
by Fioney Staff
As 2022 gets underway, many are still reflecting on the past year and the trends it displayed — especially economic trends. On that note, well-known truck rental service U-Haul has just released its 2021 U-Haul Growth Index. Using data from more than two million one-way truck rentals, U-Haul can determine which states more Americans are moving to. In 2021, the state seeing the largest growth was Texas. The Lone Star...
Personal Finance
Survey: 36% of Americans Took on Debt from Holiday Season
by Fioney Staff
As we count down the final hours of 2021, it looks as though a number of consumers will be carrying some new debt into 2022. According to a survey by LendingTree, 36% of Americans came away from the holiday shopping season with debt. However, in some good news, the average amount of that debt decreased from last year. In 2021, the average incurred debt load came in at $1,249 compared...
Credit Card News
Status Money Announces 2% Back Credit Card
by Fioney Staff
It looks as though another FinTech is getting into the credit card game. This week, the personal finance monitoring and advisement platform Status announced the upcoming launch of its Status Credit Card. With the waitlist now open for the product, Status has also revealed some key details about the product. According to a landing page set up for the card, customers will be able to earn 2% back on every...
FinTech News
Robinhood Offers Update on Crypto Wallet Feature, Announces Beta
by Fioney Staff
In September, the trading app Robinhood announced that it would begin rolling out one of the most commonly-requested features: cryptocurrency wallets. While the platform added the ability for users to buy and sell select crypto assets in 2018, those assets weren't able to be transferred to external wallets or used for payment. However, in a new blog post, the app clarified that very few users have been able to test...
Economic News
GasBuddy: Fuel Prices Expected to Rise For Several More Months
by Fioney Staff
With 2022 about to get underway, there have been several predictions about what the new year will bring. Among them is a forecast that gas prices will get worse overall before they get better. According to data from GasBuddy (as reported by CNN Business), it is expected that the average price per gallon of gas will reach $3.41 in 2022 compared to a $3.04 average this year. Moreover, the site...
FinTech News
India-Based Digital Banking App Jupiter Raises $86 Million
by Fioney Staff
When the book closes on 2021, it will surely show a record-smashing year in terms of FinTech deals. And while there have been plenty of big funding rounds from stateside startups, companies around the world have also seen success in attracting investors. The latest example of this is India-based neobank Jupiter, which just recently raised its second round of 2021. As TechCrunch reports, Jupiter recently closed an $86 million funding...