Personal Finance
FinTech News
Cash Back App Dosh Expanding "Powered by Dosh" Platform
When it comes to FinTech, there are a few different models that startups can follow. Among them is the idea that the company can launch its own platform as proof of concept before offering the backend a la carte for integration with other businesses. Take, for example, online lender OnDeck spinning off its loan application software ODX for use by banks. Now it seems that cash back app Dosh is...
Small Business News
American Express Reportedly Pursuing Kabbage Acquisition
It looks as though American Express could soon be expanding its small business portfolio by purchasing a top FinTech lender. According to a report from Bloomberg, Amex is in "advanced talks" to buy small business lender Kabbage. Currently it is expected that the price tag on the deal could reach $850 million and would be an all-cash transaction. Bloomberg's unnamed source suggests that a final proposal could be hammered out...
Economic News
Amazon Reportedly Eyeing In-Mall Fulfillment Centers
Recent years have seen numerous retail chains closing locations, filing for bankruptcy, or disappearing altogether. Unfortunately, the coronavirus pandemic has only accelerated this trend. In particular, these closures have impacted shopping malls, which now find themselves with large retail footprints to fill. However, it seems that one of the nation's largest mall owners could find the solution in a "strange bedfellows" situation. According to a report from the Wall Street...
FinTech News
Cryptocurrency Exchange IDEX Announces $2.5 Million Seed Round
Just as the FinTech market has been ripe for investment even throughout the pandemic, cryptocurrency-centric startups have also gotten a fair share of attention. Among some recent fundraising efforts are DeFi's $1 million seed round, Chainalysis' $49 million Series B, and the more than $15 million in investments that Celsius attracted via the platform BnkToTheFuture. Now the decentralized crypto trading platform IDEX is the latest startup to bolster their efforts...
Best of the Web
Top 10 Personal Finance Articles of the Month — July 2020
It’s time again for one of my favorite features here on Dyer News: a look at the top 10 personal finance articles of the month. First, dive into some tips for saving money (or at least not spending as much). Then, we'll look at two interesting posts regarding the very topic of finance and how it's written about. Lastly, we'll cover everything from country living to dividend investing and more....
Economic News
Household Debt in the U.S. Dips For the First Time in Six Years
Those looking for a silver lining to the current pandemic may have found one in a new report. According to the Federal Reserve Bank of New York, total household debt — which includes both housing and non-housing debt — came in at $14.27 trillion for the second quarter of the year. Importantly, that's down 0.2% (equating to $34 billion) from the previous quarter, marking the first time since 2014 that the...
FinTech News
