Author: Kyle Burbank
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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…
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No Worries by Jared Dillian Audiobook Review
For many people, money is a stressful topic they’d rather not even think about. And then, there are people like me who think about money often, while attempting to reduce anxiety about it in the process. Either way, when I saw the title of Jared Dillian’s relatively recent book No Worries: How to Live a…
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SoFi Partners with Templum to Expand Alternative Investments
SoFi Invest is set to expand its alternative assets features thanks to a new partnership. About the partnership: This week, Templum announced that it was working with SoFi to bring more alternative investments to the FinTech’s customers. Launched earlier this year, SoFi’s platform now allows users to invest in funds from ARK Venture Fund, Carlyle…
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Citi Rebrands Premier Card as Citi Strata Premier Card
Citi has announced a new name and some (slight) changes to its Citi Premier card. About the Citi Strata Premier: Following weeks of rumors, Citi has officially announced the rebranding of its Citi Premier Card to the Citi Strata Premier Card. According to Citi, this new name is meant to evoke a sense of ambition…
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Wells Fargo Introduces Signify Business Cash Credit Card
Wells Fargo has launched a new business rewards credit card. About the Signify Business Cash Card: This week, Wells Fargo announced the debut of the Signify Business Cash World Elite Mastercard. With the card, business owners can earn 2% cash rewards on purchases with no cap. These rewards can then be redeemed for statement credits,…
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Insurtech Startup CoverTree Raises $13 Million
An insurtech firm with a unique niche has raised a new round of funding. About the round: This week, CoverTree announced that it recently raised $13 million. The Series A was led by Portage. AV8, Distributed Ventures, Detroit Venture Partners, Ludlow Ventures, Annox Capital, and others also participated. In total, the company has now raised…
