Author: Fioney Staff
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Chime is the Overwhelming Leader Among Neobanks
In recent years, Americans have not only been conducting more of their banking online but have also begun moving to digital-only banking options. Often referred to as “neobanks,” these FinTechs typically feature a number of perks while charging few if any fees. While the number of such offerings has continued to rise steadily, it seems…
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Amazon Highlights Small Businesses Ahead of Prime Day 2021
On June 21st and 22nd, e-retail giant Amazon will celebrate its annual Prime Day — its Black Friday-esque sales event. Ahead of those dates, the site is incentivizing support for small businesses. This includes allowing shoppers to earn a credit for shopping small, rewarding Amazon credit cardholders with additional discounts, and more. Now through June…
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FinTech Cash Advance Startup Clair Raises $15 Million
Another early-stage FinTech investment round is now in the books. This week, Clair announced that it had raised $15 million. The Series A was led by Thrive Capital — a firm which itself recently raised money, closing its Thrive VII fund at $2 billion in February. Some of Thrive’s past FinTech investments include Plaid, Robinhood,…
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Citi Introduces ‘Custom Cash’ Card With Up to 5% Back
It looks as though the battle of the credit card issuers is continuing to heat up. In addition to banks recently upping some of their offers to record highs, recent weeks have seen several new card products revealed. The latest card to shake thing up with its debut is the Citi Custom Cash card, which…
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Americans Paid Down $56.5 Billion in Credit Card Debt During Q1 2021
Even as the United States economy continued to be weighted down by the pandemic, many Americans still managed to pay down a significant amount of their household credit card debt. According to the latest data from the personal finance site WalletHub, U.S. consumers cut a total of $56.5 billion in credit card debt during the…
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Wells Fargo Announces New ‘Active Cash’ 2% Back Credit Card
After halting new applications for its Propel credit card earlier this year, it became clear that Wells Fargo was looking to shake up its rewards credit card offerings. Sure enough, the bank has stated that it’s planning an overhaul of its card line-up. Now, it’s been revealed that the first product out of the gate…
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FinTech Banking App Dave Going Public Via SPAC
Another FinTech is going public. Today, Dave announced that it would be merging with special purpose acquisition company (SPAC) VPC Impact Acquisition Holdings III, Inc. As a result, the startup will become a publicly traded company, with the listing going by the ticker symbol $DAVE. The transaction values Dave at approximately $4 billion and will…
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Top 10 Personal Finance Articles of the Month — May 2021
It’s time again for one of my favorite features here on Dyer News: a look at the top 10 personal finance articles of the month. This time around, we’ll start with a few articles related to the FIRE movement and its principles. Then, we’ll look at what it means to live frugally — including being…
