Author: Fioney Staff
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Clear Street Announces $270 Million Addition to Series B
A FinTech that provides financial infrastructure to various businesses has added to their already-impressive funding round. Earlier this week, Clear Street announced that it had raised $270 million. The additional funds bring the firm’s Series B to a total of $435 million. This latest tranche came from Prysm Capital and valued the company at $2…
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Walmart Suing Capital One Over Co-Branded Credit Card Deal
In 2019, Walmart announced that it had signed a new exclusive agreement with Capital One to issue its cobranded credit cards. This ended a nearly 20-year partnership that the megaretailer had with Synchrony and resulted in the Capital One Walmart Rewards Mastercard and Walmart Rewards Card. However, less than four years later, Walmart is now…
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Aspiration Discontinuing Zero Credit Card, Continues Pivot
The climate-conscious FinTech Aspiration is making some changes. This week, the company announced that it was discontinuing its Aspiration Zero credit card. According to an FAQ page pertaining to the card, the neobank notes that all Aspiration Zero accounts will be closed as of May 3rd, 2023. As of that date, customers will no longer be…
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United States Economy Added 236,000 Jobs in March 2023
Another monthly jobs report shows that, while the United States economy is beginning to cool, unemployment continues to reach near-record lows. According to the latest Bureau of Labor Statistics report, the U.S. added 236,000 jobs in March 2023, with unemployment ticking down to 3.5% from 3.6%. This is only slightly off the 238,000 jobs that…
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Hello Alice Introduces Small Business Health Score Tool
A FinTech that helps small business access capital is introducing a new tool. This week, Hello Alice announced the debut of the Business Health Score. Available to Hello Alice platform users, this new score is the first product to come from the Equitable Access Program, which finds the brand partnering with Global Entrepreneurship Network, as well…
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WalletHub Report Ranks Most and Least Financially Literate States
Which state has the most financially literate citizens? A new report from the personal finance site WalletHub attempts to answer that question by ranking all 50 states (plus the District of Columbia) based on a number of data points and criteria. In order to compile its list, WalletHub scored states in three different categories. First,…
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Zurp Launches Card and Banking Account Aimed at Gen Z
A new FinTech called Zurp is ready to make its debut. Today, the startup launched its debit card/secured credit card product in tandem with a savings account. These offerings are powered by First Pryority Bank and are designed to appeal to Gen Z given the account focus on rewards and experiences. With the Zurp Card,…
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SoFi Announces Acquisition of Wyndham Capital Mortgage
The FinTech-turned-bank SoFi is making another major purchase. Today, the company announced that it was acquiring Wyndham Capital Mortgage. While SoFi notes that it was an all-cash transaction, the terms of the deal were not disclosed. Founded in 2021, the Carolina-based Wyndham Capital Mortgage has helped more than 100,000 borrowers. Furthermore, the company has a…
