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
Renters Loyalty Program and Credit Card Bilt Rewards Raises $60 Million
by Fioney Staff
Just three months after debuting, Bilt has announced that it's raised $60 million in a growth fund round. Investors include the likes of Wells Fargo and Mastercard as well as a group of real estate owners including Blackstone, AvalonBay Communities, Douglas Elliman, Starwood Capital Group, and several others. Launched earlier this summer, Bilt offers a loyalty program for renters. The Bilt Alliance is a collection of more than two million rentals...
Personal Finance
Mastercard Acquires Cryptocurrency Intelligence Company CipherTrace
by Fioney Staff
Over the past few years, cryptocurrencies and blockchain technology have steadily become more mainstream. At the same time, they've also faced criticism and regulatory scrutiny. Now, in a bid to make digital currencies safer and more trusted for all, Mastercard has acquired the firm CipherTrace for an undisclosed amount. CipherTrace is a crypto intelligence solution that boasts insight into more than 900 cryptocurrency assets. Its tools include anti-money laundering and...
Personal Finance
FinTech Credit-Building Card Startup Tomo Raises $10 Million
by Fioney Staff
Another FinTech disruptor has just revealed a significant early-round investment. Earlier this week, TomoCredit announced that it had raised $10 million. The Series A was led by Kapor Capital and KB Investment Inc. with additional participation from Lewis & Clark Ventures. This round follows Tomo's $7 million seed round closed in February of this year, bring its funding to date up to $17 million. With the cash, the company says...
Personal Finance
Survey Finds 45% of Americans Took on More Debt During Pandemic
by Fioney Staff
Despite multiple rounds of stimulus and an overall decrease in credit card debt during 2020, many Americans have found themselves taking on more debt since the start of the pandemic. According to a new survey conducted by Inside 1031, 45% of respondents saw their credit card debt rise since March 2020, including 21% who took on "significantly more" and 24% who now have "somewhat more" debt than before the pandemic....
Personal Finance
Money at 30: Savely App Review
by Kyle Burbank
For the past 18 months or so, planning travel has been a bit treacherous and frustrating to say the least. Meanwhile, many haven't even bothered trying to plan a trip for fear that it will likely get canceled (see: my latest booking cancelation). However, with at least some hope on the horizon, it's understandable that some may be fantasizing about taking the trip of their dreams in 2022 or beyond....
Personal Finance
Credit Card Points App MaxRewards Raises $3 Million Seed Round
by Fioney Staff
With enthusiasm for credit cards that offer points, miles, and cashback continuing to grow, a FinTech app that helps consumers keep track of their earnings is now catching the eyes of investors. Recently, MaxRewards announced that it had raised $3 million. The seed round was co-led by Dundee Venture Capital and Calano Ventures with participation from FinTech Ventures Fund, Service Provider Capital, and Fleetcor president Nick Izquierdo. This investment comes as the app has been...
Personal Finance
Varo Bank Raises $510 Million in Oversubscribed Funding Round
by Fioney Staff
FinTech's "megaround mania" continues as Varo Bank has just announced an oversubscribed $510 million funding round. The Series E was led by new investor Lone Pine Capital while Declaration Partners, Eldridge, Marshall Wace, Berkshire Partners / Stockbridge, and others also participated. This comes after the bank raised a $241 million Series D in June 2020 followed by a $63 million corporate round in February 2021. Varo's latest funding comes just over...