Author: Fioney Staff
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Payments API Company Finix Raises $75 Million as Series B Expands
Continuing what’s turning out to be a bit of a trend this year, another FinTech has just announced the expansion of its latest funding round. Earlier this week, Finix revealed that it had added another $30 million to its Series B. The newly-raised money brings the round’s total to $75 million. Lightspeed Venture Partners led…
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Survey Finds Digital B2B Payments are On the Rise Among Small Businesses
It should come as no surprise that the COVID-19 pandemic has altered the way that many small businesses operate. From enhanced safety and cleaning measures to building out other sales mediums, businesses have been forced to quickly adapt to the changing landscape. It seems that this is also true when it comes to business to…
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Cross River Bank Reaches Settlement with Colorado Regarding FinTech Partnerships
As regular FinTech sector watchers can tell you, there are a handful of company names that tend to come up again and again when new initiatives and partnerships are announced. Cross River Bank is certainly in this category as the institution is a frequent partner for startups. Now, thanks to their part in a recent…
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Labor Department Report Shows States with Highest, Lowest Unemployment
Throughout the current pandemic, it’s been clear that some areas of the nation have been harder hit than others. This is not only true in terms of coronavirus cases and deaths but also for economic conditions. With that in mind, let’s take a look at this morning’s Bureau of Labor Statistics state unemployment report. As…
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College Students Report Increasing Financial Literacy During Current Crisis
It’s been said thousands of times by this point but it remains undeniably true: the 2020-2021 school year will be unlike any other. With the COVID-19 pandemic still top of mind for students, parents, teachers, and administrators – schools and campuses across the nation are navigating the best path forward with some opening to limited…
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Robinhood Raises Another $200 Million Amid Rapid Growth
Even as the coronavirus pandemic continues to batter the United States economy at large, the stock markets have largely managed to recover. In fact, the S&P 500 reached a record high this week, likely rewarding users who bought during this year’s lows. Among these “winners” are users of the free stock trading app Robinhood who…
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SBA Lowers Interest Rates for 504 Loan Program
Small business owners looking to undergo major projects may now be able to borrow funds at a better rate. Last week, the U.S. Small Business Administration announced updated interest rates for their 504 loan program as offered by Certified Development Companies (CDCs). Now 20-year loans will carry a 2.214% rate while the 25-year option has…
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Betterment, SoFi, and Others Form FinTech Equality Coalition
Over the past few months, conversations about race and equality have permeated throughout the nation. Now, in an effort to bring these issues to light in the financial technologies community and seek reform, several startups have signed-up to form the FinTech Equality Coalition. The Coalition is being spearheaded by the robo-advisor Betterment but other founding…
