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
Home Sales Soften as House Prices Reach Record Highs
With home prices continuing to soar and listings remaining low, it seems as though some buyers are backing away. According to the latest Redfin data, the median home sale price reached $358,766 last week to mark a new record high. What's more, the figure is up 24% year over year. Meanwhile, the median asking price for newly listed homes was up 14% YOY at $363,450. However, this was actually down...
Personal Finance
Financial Sevices Platform B9 Announces Launch
A new neobank is ready to welcome the world. After raising $1.9 million in pre-seed funding earlier this year, B9 says it is now ready to launch its financial services app. In a press release, the startup noted that its goal is to amass 100,000 customers by the end of this year. Meanwhile, the app reports that that "hundreds of thousands" of people have joined the waitlist, with a conversion...
Personal Finance
Chime is the Overwhelming Leader Among Neobanks
In recent years, Americans have not only been conducting more of their banking online but have also begun moving to digital-only banking options. Often referred to as "neobanks," these FinTechs typically feature a number of perks while charging few if any fees. While the number of such offerings has continued to rise steadily, it seems as though one stands head and shoulders above the pack in terms of customers: Chime....
Personal Finance
FinTech Cash Advance Startup Clair Raises $15 Million
Another early-stage FinTech investment round is now in the books. This week, Clair announced that it had raised $15 million. The Series A was led by Thrive Capital — a firm which itself recently raised money, closing its Thrive VII fund at $2 billion in February. Some of Thrive's past FinTech investments include Plaid, Robinhood, Lemonade, among others. Turning to Clair, the latest round brings the startup's total funding to...
Personal Finance
Americans Paid Down $56.5 Billion in Credit Card Debt During Q1 2021
Even as the United States economy continued to be weighted down by the pandemic, many Americans still managed to pay down a significant amount of their household credit card debt. According to the latest data from the personal finance site WalletHub, U.S. consumers cut a total of $56.5 billion in credit card debt during the first quarter of the year. This sum was 51% more than the first quarter average...
Personal Finance
FinTech Banking App Dave Going Public Via SPAC
Another FinTech is going public. Today, Dave announced that it would be merging with special purpose acquisition company (SPAC) VPC Impact Acquisition Holdings III, Inc. As a result, the startup will become a publicly traded company, with the listing going by the ticker symbol $DAVE. The transaction values Dave at approximately $4 billion and will put $375 million in cash on the combined company’s balance sheet. Since debuting in 2017,...
Personal Finance
