Author: Fioney Staff
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Survey Finds Americans Lack Confidence in Social Security’s Future
Eighty-five years ago, the Social Security Act was signed into law. While the program this bill created is still in effect today, it continues to be a somewhat controversial topic. More specifically, there are those who worry that the program won’t be sustainable going forward. Now, a survey from AARP shows that a majority of…
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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…
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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…
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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…
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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.…
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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…
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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…
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Sequoia Found to Be Most Active FinTech VC of the Past Year
When it comes to investments in FinTech, a few investment firms tend to come up again and again. But which venture capital group has participated in the most funding rounds as of late? According to CB Insights‘ latest State of FinTech report, it’s Sequoia Capital that’s been the most active FinTech VC of the past…
