Author: Fioney Staff
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Ness Launches for Health and Wellness-Focused Credit Card
A new premium credit card that puts a heavy emphasis on health and wellness is now launching a public beta. This week, Ness announced the debut of the Ness Card, partnering with a number of top wellness brands in the process. The card is issued by The Bank of Missouri and will operate on the…
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On-Demand Employee Pay Platform Rain Raises $66 Million
A startup that helps employees access their earned wages more quickly and easily has just raised some major funds of its own. This week, Rain announced that it has raised $66 million in equity. The Series A was led by QED Investors and Invus Opportunities, while WndrCo, Tribe Capital, and Dreamers VC also participated. In…
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TTV Capital Closes Fund VI for Early-Stage FinTech Investments
A major venture capital firm has announced the closure of its latest fund, which will invest in a number of growing FinTech startups. This week, TTV Capital announced the closure of its sixth fund (Fund VI), with a total of $250 million. Capital in this fund was contributed by both new and existing partners, including…
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Nitra Latest FinTech to Join Visa’s Fast Track Program
A spending insights platform built for healthcare professionals is getting a big boost by joining up with a major card company. This week, Nitra announced that it was the latest startup to join Visa’s Fast Track program. As a result, the company will now have access to Visa’s global payment network, VisaNet Nitra is a…
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Stripe Raises $6.5 Billion, Now Valued at $50 Billion
FinTech giant Stripe has just closed a massive funding round, but is once again cutting its valuation. The online payments company has announced that it’s just raised $6.5 billion. The Series I included participation from returning investors Andreessen Horowitz, Baillie Gifford, Founders Fund, General Catalyst, MSD Partners, and Thrive Capital, while new investors GIC, Goldman…
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Chase Reveals Q2 2023 5% Bonus Categories for Freedom Cards
One of the biggest perks of the popular Chase Freedom Flex card (and its predecessor the Chase Freedom card) is the ability to earn 5% cashback on categories that rotate each quarter. Currently, these categories include grocery stores, fitness clubs and gym memberships, and purchases at Target. Now, with the first quarter of the year…
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Credit Card Debt Increased by $180.3 Billion in 2022
After a year in 2021 that saw credit card debt declining during all four quarters, 2022 officially saw debt steadily increasing. According to new figures from WalletHub, consumer credit card debt increased by $85.8 billion during the fourth quarter of 2022. This marks the largest quarterly increase on record. It also brings 2022’s total to $180.3…
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Robinhood Introduces National Freelancer Day and Contest
The well-known (albeit controversial) investment app Robinhood has introduced a new holiday. Last week, the FinTech announced National Freelancer Day. Although the United Kingdom has established a similar celebration for June 16th, Robinhood has designated March 10th for the United States’s honoring of freelance workers. Although the first annual holiday itself has now passed, a…
