Economic News
FinTech News
Small Business Banking FinTech Novo Raises $4.8 Million Seed Round
A startup with a stated goal of helping other startups manage their money just received a big chunk of change in venture seed financing. FinTech firm Novo announced this week that it had raised $4.8 million in a round led by Crosslink Capital. While Crosslink's investment totaled $3.5 million, other participants in the round included Red Sea Ventures, Rainfall, Hack VC, RRE, and the Stanford Law School Venture Fund. Novo...
FinTech News
Report Suggests Vast Majority of Bitcoin Trade Volume is Faked
There are several aspects of cryptocurrencies that have served to keep them from truly reaching mainstream status. While much-reported hacks are one element scaring off investors, concerns over market manipulation — including "pump and dump" schemes — have also been rampant. Now a new report is stoking those fears once again as it suggests that true crypto trade volume is a mere fraction of what some have said. As the...
Economic News
Study Finds Average U.S. Household Has $8k+ in Credit Card Debt
It's sad to say that, for many Americans, credit card debt is just a fact of life. Currently our total outstanding credit card debt tops $1.03 trillion dollars. What's more it seems that attitudes toward debt continue to evolve, leading the majority of adults to admit they'd take on debt for a frivolous purpose. According to WalletHub's latest credit card debt survey, 62% said that there were frivolous purchases worth...
Small Business News
Majority of Small Business Owners Have Skipped Paying Themselves
One of the most challenging aspects of running a small business is managing cash flow and ensuring that you have enough working capital to operate. Not only can this be stressful but can also occupy a lot of time that entrepreneurs could be using to further other goals. Moreover a new report shows that many entrepreneurs will go to great lengths to assist their cash flow. A recent study by...
Personal Finance News
Apple Officially Announces Apple Card Credit Card
Well, the rumors were true: Apple will soon offer their own twist on a credit card. This week the Cupertino-based company — in partnership with Goldman Sachs and Mastercard — officially announced Apple Card. With an emphasis on financial health, unique perks, and of course a new level of Apple Pay integration, the new card is already turning heads. First, Apple bills Apple Card as a "credit card built for...
Economic News
Universal Basic Income: What It Is and What People Are Saying About It
In recent years, universal basic income has been discussed by several notable figures, including Silicon Valley totems Elon Musk and Mark Zuckerberg as well as political notables like Barack Obama and Bernie Sanders. Yet, while you might assume that, based on those names, UBI was strictly a progressive platform issue, the truth is that different versions of the idea have been floated by libertarians on the fiscal far right and...
FinTech News
