Small Business News
FinTech News
White Star Capital Closes $50 Million Digital Asset Fund
Despite a rough week in the world of crypto, venture capitalists continue to see potential in the space. Case in point: White Star Capital has announced that it's raised $50 million to create a Digital Asset Fund (DAF), which will invest in various blockchain-enabled businesses and crypto networks. Previously, the fund's target was $30 million, but that figure grew as more backers jumped in. Among those backers were Bpifrance and Ubisoft. Running...
Economic News
Employee Retirement Plan Participation in 2020 On Par with 2019
It goes without saying that 2020 was an unprecedented year that changed the lives of nearly all Americans. This includes several financial impacts that arose as lockdowns went into effect and as businesses' sales suffered. Nevertheless, Bank of America's 2021 Financial Life Benefits Impact Report (which looks at figures from the year prior) shows that many employees continued saving for retirement despite the challenges. According to the latest report, 58%...
Credit Card News
Capital One Enhances Rewards on SavorOne Card
In recent months, plenty of credit card companies have made adjustments to their products — including moves both good and bad. Now, Capital One has joined the ranks of those refreshing one of their popular cards, in this case the SavorOne. Luckily, though, the adjustments all seem to be favorable to cardholders, with the addition of a new rewards category and a bump-up for another. The first significant change to...
FinTech News
Current Announces Partnership with Decentralized Finance Platform Acala
As many aspects of money modernize, the lines between FinTech and traditional finance have begun blurring. Similarly, another trend has brought fiat currencies and cryptocurrencies closer together, allowing all kinds of platforms to harness the power of blockchain. With that in mind, two FinTechs have revealed plans to create a "HyFi" platform. This week, the FinTech banking platform Current announced that it would be working with Acala, a decentralized finance...
Small Business News
"Backing Historic Small Restaurants" Grant Program Awards $1 Million to Small Businesses
During the pandemic, numerous small businesses closed their doors permanently. Sadly, this included several long-time institutions, many of which had previously operated for multiple decades. Thus, in a bid to help ensure that some iconic small restaurants are able to weather the storm, more than $1 million in grant money is being given to those special spots. Recently, American Express and the National Trust for Historic Preservation announced 25 recipients of...
FinTech News
FinTron Announces Partnership with LendingClub Bank
Over the past few years, several FinTech firms have taken a stab at building a better banking account. In many cases, these startups are able to tailor the banking experience to better serve a specific type of customer. Yet, these bold ideas cannot become reality without the help of a licensed bank that can provide FDIC insurance to customers. With that in mind, this week, FinTron announced a partnership with...
FinTech News
