Fioney Staff
Fioney aims to help guide you to make the best decisions when it comes to the ever changing worlds of personal and small business finance.
FinTech News
SEC Files Lawsuit Against Ripple
by Fioney Staff
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 start to 2021) as Ripple is now the target of a Securities and Exchange Commission...
FinTech News
Robinhood Pays $65 Million in Settlement with SEC
by Fioney Staff
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 the SEC. However, in doing so, the startup did not admit to any wrongdoing. The...
Credit Card News
Chase and Air Canada Announce Plans For Upcoming U.S. Credit Card
by Fioney Staff
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 credit card offering to the United States. This week, Chase and Air Canada announced that...
FinTech News
Family-Centric Finance App GoHenry Raises $40 Million
by Fioney Staff
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 to further its expansion plans, mainly in the United States but also in the United...
FinTech News
Cash Back App Slide Adds Crypto Payment Support Via BitPay
by Fioney Staff
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 pay for gift cards using crypto. Slide is a mobile app from Raise Marketplace where...
Small Business News
Americans Fear For Small Businesses as 2020 Nears an End
by Fioney Staff
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.
FinTech News
FinTech-as-a-Service Startup Unit Makes Its Debut
by Fioney Staff
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 to market. Last week, Unit not only announced its official launch but also revealed that...