Author: Fioney Staff
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PayPal Commits Additional $5 Million to Black-Owned Small Business Grant Program
Even as the first COVID-19 vaccines begin distribution, the pandemic continues to impact millions of Americans. Among those hardest hit are small business owners — with Black business owners being disproportionately affected even among this group. Because of this reality, PayPal has announced that it will fund a grant program for Black-owned businesses with another…
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SEC Files Lawsuit Against Ripple
Despite all the negativity that 2020 had to offer, cryptocurrencies have actually enjoyed a fairly successful year all things considered. Case in point: Bitcoin is currently trading for more than $23,000 after finally breaking through the much-eyed $20k mark earlier this month. However, one token may be in for a dramatic end to 2020 (and…
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Robinhood Pays $65 Million in Settlement with SEC
With the increasingly-popular FinTech app Robinhood allowing customers to buy and sell stocks without fees, how does the company make money? That question was at the heart of a Security and Exchange Commission complaint. As the New York Times reports, Robinhood has now agreed to pay a $65 million fine to settle charges brought by…
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Chase and Air Canada Announce Plans For Upcoming U.S. Credit Card
With 2020 coming to an end, the world is certainly looking forward to 2021. In particular, travelers are hoping that cross-border trips will be back on the table as vaccines begin to roll out in certain nations. Ahead of a hopeful return to the skies, one international airline has announced plans to bring a new…
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Family-Centric Finance App GoHenry Raises $40 Million
It seems as though even more FinTechs are managing to close deals before the year is done. Last week, GoHenry announced that it had raised $40 million in its latest funding round. The round was led by Edison Partners with participation from Gaia Capital Partners, Citi Ventures, and Muse Capital. With the funds, GoHenry plans…
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Cash Back App Slide Adds Crypto Payment Support Via BitPay
In recent months, cryptocurrencies have continued to creep into the mainstream consiousness. This includes a growing number of integrations allowing consumers to actually spend Bitcoin and other assets instead of merely holding them for investment reasons. The latest example of this is Slide, which is now partnering with BitPay to give users the chance to…
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Americans Fear For Small Businesses as 2020 Nears an End
This week, the first round of an approved COVID-19 vaccine begin shipping across the nation. As a result, many Americans are feeling a cautious sense of hope as a harsh year nears an end.
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FinTech-as-a-Service Startup Unit Makes Its Debut
Despite numerous challenges, the FinTech industry has managed to have a fairly successful year. From significant funding rounds to major acquisitions, there was plenty of big and positive news to go around. Now, as the year nears an end, the disrupters may be seeing their own disruption as the startup Unit brings their banking-features-as-a-service model…
