Author: Fioney Staff
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Visa Adds New Cardholder Benefits to U.S. Consumer Credit Cards
When most consumers shop for a new credit card, they likely look at the rewards and perks that the specific card has. However, in addition to these benefits, customers may not be aware that their card could unlock additional privileges. For example, Visa has just announced new offers available to a number of credit card…
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Mastercard Acquires Cryptocurrency Intelligence Company CipherTrace
Over the past few years, cryptocurrencies and blockchain technology have steadily become more mainstream. At the same time, they’ve also faced criticism and regulatory scrutiny. Now, in a bid to make digital currencies safer and more trusted for all, Mastercard has acquired the firm CipherTrace for an undisclosed amount. CipherTrace is a crypto intelligence solution…
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FinTech Credit-Building Card Startup Tomo Raises $10 Million
Another FinTech disruptor has just revealed a significant early-round investment. Earlier this week, TomoCredit announced that it had raised $10 million. The Series A was led by Kapor Capital and KB Investment Inc. with additional participation from Lewis & Clark Ventures. This round follows Tomo’s $7 million seed round closed in February of this year,…
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Survey Finds 45% of Americans Took on More Debt During Pandemic
Despite multiple rounds of stimulus and an overall decrease in credit card debt during 2020, many Americans have found themselves taking on more debt since the start of the pandemic. According to a new survey conducted by Inside 1031, 45% of respondents saw their credit card debt rise since March 2020, including 21% who took…
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Williams-Sonoma and Capital One Introduce Key Rewards Credit Cards
Williams-Sonoma Inc., which includes such popular brands as Pottery Barn, West Elm, and of course Williams Sonoma, has announced a new slate of rewards cards for customers. This line-up includes the Key Rewards Visa, Williams Sonoma Key Rewards Visa, Pottery Barn Key Rewards Visa, and West Elm Key Rewards Visa — as well as private-label…
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Credit Card Points App MaxRewards Raises $3 Million Seed Round
With enthusiasm for credit cards that offer points, miles, and cashback continuing to grow, a FinTech app that helps consumers keep track of their earnings is now catching the eyes of investors. Recently, MaxRewards announced that it had raised $3 million. The seed round was co-led by Dundee Venture Capital and Calano Ventures with participation from FinTech…
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Gopuff Reveals First “Put Me On” Small Business Accelerator Participants
Business owners in the consumer packaged goods market interested in growing their brand may want to draw their attention to Gopuff’s latest news. This week, the delivery platform officially launched its “Put Me On” small business accelerator. Developed in partnership with NBA superstar Chris Paul, the program aims to support entrepreneurs from historically underrepresented groups…
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Varo Bank Raises $510 Million in Oversubscribed Funding Round
FinTech’s “megaround mania” continues as Varo Bank has just announced an oversubscribed $510 million funding round. The Series E was led by new investor Lone Pine Capital while Declaration Partners, Eldridge, Marshall Wace, Berkshire Partners / Stockbridge, and others also participated. This comes after the bank raised a $241 million Series D in June 2020 followed…
