Category: Personal Finance
Personal finance and money management can be very confusing. Most people know that optimizing their finances is important but few feel confident that they have the knowledge to do so.
At Fioney we stay on top of the latest economic trends, financial products, and money management strategies in order to provide the knowledge to help you use the money you have today to live the life you want.
Learn to make your money work for you. Whether it’s getting debt free or buying a home we have you covered.
Personal Finance
Personal Finance
FinTech Funding Grows 169% in 2021 to Reach New Record
Anyone paying attention to the FinTech field throughout 2021 could probably guess that it was a record-breaking year. Sure enough, new figures from CB Insights confirm that to be the case. According to the latest State Of Venture report, FinTechs raised a combined total of $131.5 billion in 2021. That marks a 169% increase over 2020's $49 billion total. The year was capped by a $34.9 billion Q4 that ranks...
Personal Finance
Neobank Current Introduces 4% APY Feature for Savings
In recent years, savings account holders have likely seen the interest they earn from their funds fall tremendously. This decline has even been true among many FinTechs that have typically offered better rates than the big banks. However, one neobank is now rolling out a new feature that will allow customers to earn interest that's 60 times higher than the national average. This week, Current announced that customers will be...
Personal Finance
FinTech Prosper Introduces Credit-Building Card
For years, FinTechs have been disrupting the credit industry. From websites like Credit Karma making it easier for consumers to understand their credit reports to various platforms looking beyond credit scores and utilizing alternative algorithms to determine creditworthiness, there are now several credit-building opportunities available to Americans that weren't there previously. Now, the marketplace lending platform Prosper has announced the launch of a new and interesting credit card product. The...
Personal Finance
Wells Fargo Announces Account Changes to Help Limit Overdraft Fees
Despite some changes over the years, overdraft fees continue to be an expensive plague on American consumers. However, little by little, institutions have been making some changes. The latest in this trend is Wells Fargo, which recently announced some upcoming adjustments to its policies. The first change coming down the pike is that customers enrolled in Overdraft Protection service will no longer be assessed a fee when fund transfers are...
Personal Finance
Lending Marketplace Acorn Finance Raises $8.4 Million
As the new year gets underway, another FinTech is celebrating by raising money. This week, Acorn Finance (not to be confused with micro-investment app Acorns) announced that it had closed an $8.4 million round. The Series A was led by MassMutual Ventures. Previous investors Vestigo Ventures, Accomplice, and MetaProp also participated along with Moderne Ventures. To date, the company has now raised a total of $12.4 million, including seed round raises...
Personal Finance
U.S. Economy Adds 199,000 Jobs in December 2021
When the ball dropped on 2021, the United States found itself holding a bit of a mixed bag. While there was reason to be optimistic and believe that 2022 will be better than its predecessor overall, a new twist in the pandemic threw a wrench in the plans of many. Now, a look at the current economy and job market is also decidedly mixed, simultaneously offering points of disappointment and...
Personal Finance
