Author: Kyle Burbank
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Crypto Payments Startup BoomFi Raises $3.8 Million
A FinTech that looks to help merchants accept and convert cryptocurrencies has closed a new round of funding. About the round: This week, BoomFi announced that it had raised $3.8 million. The seed round was led by White Star Capital along with participation from Passion Capital, Blockchain Founders Fund, Kraken Ventures, GSR, Aquanow, and Mantle Network…
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Chase Introduces Freedom Rise Card for New-to-Credit Customers
Chase’s popular Freedom line of rewards credit cards is growing. This week, the bank announced the debut of the Freedom Rise card. However, in contrast to some of the issuer’s other products, the Rise card is specifically aimed at new-to-credit customers. About the Chase Freedom Rise: First, the Chase Freedom Rise will allow cardholders to…
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Robinhood to Delist Three Coins Amid SEC Crackdown
Over the years, the stock trading app Robinhood has gained an increased focus on cryptocurrencies. This includes adding support for new tokens, introducing built-in wallets to the app, and debuting a standalone, non-custodial Web3 wallet among other efforts. However, the company is now taking one slight step back by removing support for three previously-supported assets.…
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Survey: Two-Thirds of Small Businesses Expecting Recession
A new survey from Nationwide finds that small businesses in the U.S. are increasingly growing concerned about the economy — even as they continue to roll back pandemic-era cost-cutting measures. The survey results: Headlining Nationwide’s survey is the fact that 68% of respondents stated that they expected a recession to hit within the next six…
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Roboadvisor Wealthfront Introduces Automated Bond Portfolio
Roboadvisor platform Wealthfront is continuing to expand its product offerings with the debut of a new bond portfolio option. About the feature: This week, Wealthfront announced the official launch of its Automated Bond Portfolio. As the FinTech explains, the first-of-its-kind portfolio combines Treasury and corporate bond ETFs. The result is a portfolio meant to deliver…
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Why I Don’t Autopay My Credit Cards
One of the best features of personal finance in 2023 is the ability to automate several aspects of your financial life. In fact, some have said that doing so is one of the keys to mastering money. For the most part, I agree with this as I’ve seen the benefits of automated savings, investing, etc.…
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70% of First-Time Homebuyers See Ownership as Wealth Building
The past few years have proven to be an interesting time for those looking to buy a home. Between a global pandemic and interest rates flipping from record lows to multi-year highs, some might have assumed that episode would only further grow the cohort of Americans who were content to rent indefinitely rather than buy.…
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Credit Genie Raises $4 Million
A FinTech that helps provide consumers with individualized financial insights has raised a new round of funding. The funding round: This week, Credit Genie (which is owned by Creditly Corp.) announced that it had closed a $4 million round. The Series A was led by Tippet Ventures and Khosla Venture while Gabriel Investments also participated.…
