Author: Kyle Burbank
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FinTech Fallout: Lessons From the Synapse/Evolve Bank Dispute
Over the past several years that I’ve been covering FinTech, I’ve seen my fair share of apps shut down. Yet, I’ve never seen anything quite like the situation that’s playing out right now. As of this writing, several neobanking customers are unable to access their funds due to a dispute between Synapse and Evolve Bank.…
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Avianca Airlines Launches U.S. Credit Card Lineup with Cardless
Another foreign airline is launching rewards credit cards in the U.S. with the help of Cardless. About the cards: Avianca Airlines and Cardless have announced the arrival of two new cards: The Avianca LifeMiles American Express card and the Avianca LifeMiles American Express Elite card. First, the $99 annual fee Avianca LifeMiles card earns 2x LifeMiles…
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PrizePool Review: Still Worth It?
Note: PrizePool shut down in August 2024 after being acquired. Below is my review of the platform from earlier that year. Over the past few years, there have been a growing number of apps that have sought to make saving a bit more fun (or at least not as painfully boring). Among those is a…
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Accounting Infrastructure Startup Teal Raises $8 Million
A FinTech offering accounting infrastructure tools for vertical SaaS businesses to adopt has announced its seed round. About the round: Today, Teal announced that it had raised $8 million. The seed round was led by Torch Capital, while Basis Set Ventures, General Advance, and Dash Fund also participated. Additionally, execs from Plaid, Brex, Gusto, and others…
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Cardless Launches Two Qatar Airways Co-Branded Credit Cards
The FinTech startup Cardless is partnering with Qatar Airways to offer two new co-branded cards to the American market. About the cards: Recently, Cardless introduced its two latest rewards credit cards: The Qatar Airways Privilege Club Signature Card and the Qatar Airways Privilege Club Infinite Card. Starting with the Signature card, it earns 4x Avios…
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Vehicle-Secured Credit Card Company Yendo Raises $165 Million
A FinTech that offers the first-ever credit card secured by a customer’s vehicle has announced its latest round of funding. About the round: This week, Yendo announced that it had raised $165 million. However, this includes $150 million in debt financing and $15 million in equity. The debt portion was led by i80 group, while…
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Lessons From a First-Time Home Buyer: Worst Time to Buy a House? There Are Always Exceptions
If you’ve been thinking about buying a house, looking at the news lately has likely disheartened you. As CNN reports, a recent Gallup poll found that 76% of Americans believe it’s a bad time to buy — with only 21% saying it’s a good time. There are several reasons for that sentiment, with the top…
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Chime Introduces MyPay Cash Advance Feature
The popular neobank Chime is adding a new feature that will allow users to access their paycheck funds even earlier. About MyPay: This week, Chime announced the launch of MyPay. With this new feature, customers will be to request up to $500 of their pay ahead of their regular payday. As Chime notes, MyPay is…
