Author: Kyle Burbank
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Business Lending FinTech Forward Financing Raises $525 Million
A FinTech specializing in delivering capital to small businesses has raised new funding of its own. About Forward Financing and Its Latest Funding: This week, Forward Financing announced that it had secured $525 million in new financing. That sum includes a $350 million variable funding note facility as well as a $175 million asset-backed securitization.…
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Chase to Tweak Freedom Flex Card Benefits Starting This Fall
Chase is making some small updates to one of its popular rewards credit cards. About the Chase Freedom Flex Updates: Soon, Chase Freedom Flex will swap one benefit out for a new one (as reported by TPG). The cashback card will discontinue its current cell phone protection. In its place, the card will offer 0%…
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CLEAR+ Price Increases, Credit Card Benefits Follow
Another price hike has hit CLEAR+ subscriptions — but those with certain credit cards won’t feel the impact. About the CLEAR+ Pricing Change and Credit Card Update: The security biometrics subscription service CLEAR+ has announced new pricing. Now, the membership will increase to $219 from the previous $209. However, Delta SkyMiles/United MileagePlus members can still…
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Report: States That Spend the Most on Health Insurance Policies
A new study highlights the states in which Americans spend the most for their family health insurance policies. About the Report: The personal finance site WalletHub recently published a report comparing the average health insurance policy price to the monthly income. To do this, the site looked specifically at silver health insurance plans in all…
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Cash App Settles Multi-State Attorneys General Lawsuit
Block Inc. has reached a settlement with several state attorneys general regarding its popular Cash App. About Block Inc.’s Settlement: This week, it was announced that Block Inc. — which owns Square, Cash App, and more — had agreed to a multistate settlement. In total, the company will pay $45 million. As part of the…
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Market Data FinTech Databento Raises $97 Million
A FinTech that delivers market data to clients via API has raised a significant new funding round. About Databento and Its Latest Funding: This week, Databento announced that it raised $97 million in new funding. The Series B was led by New Enterprise Associates (NEA) while existing and strategic investors such as DRW Venture Capital,…
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New SoFi ETF Combines Social Strategy with Income Component
SoFi has once again expanded its ETF line-up, debuting a new option built for those seeking both income and growth. About the SoFi Social 50 Income ETF: This week, SoFi debuted its newest ETF: the SoFi Social 50 Income ETF (SFYI). The “social 50” part of the name comes from the fact that this ETF…
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Capital One Brings Back Enhanced Welcome Bonus for Savor Card
A popular rewards credit card is once again offering a lucrative limited-time welcome bonus. About the Capital One Savor Card Enhanced Welcome Offer: For a limited time, new Capital One Savor card applicants can earn an increased welcome bonus. Now, cardholders can earn $250 in cashback after spending $500 on the card within their first…
