Category: Personal Finance
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Personal Finance
Personal Finance
FinTech MotoRefi Raises $45 Million
As more Americans look to save money on their auto loans, one FinTech is seeing significant growth — and attracting investors. Last week, MotoRefi revealed that it had raised $45 million. The Series B was led by bank Goldman Sachs with additional participation from Motley Fool Ventures, Moderne Ventures, Link Ventures, IA Capital Group, CMFG Ventures, and Accomplice. This comes just four months after MotoRefi's $10 million Series A, which...
Personal Finance
LendingTree Survey Finds Credit Limit Cuts Still Common in 2021
Last year, as many Americans saw their finances affected by the pandemic, anecdotes emerged suggesting that some banks were cutting credit limits and even closing accounts of certain customers. This was later borne out in data, with Bloomberg reporting that issuers cut customer credit limits by a total of $99 billion in 2020. Now, despite some economic turnaround, a survey by LendingTree finds that a significant number of respondents are...
Personal Finance
Bitcoin Rewards App Fold Raises $13 Million in Funding
It looks as though the app Fold is the latest FinTech to cash in on the current crypto craze. Today, the company announced that it had raised an impressive $13 million. The Series A was led by Craft Ventures while M13, Slow Ventures, Bessemer Venture Partners also participated. With the funds, Fold intends to continue building out its rewards platform and also plans to enable other card issuers to offer...
Personal Finance
Visa Expands FinTech Partner Connect Program to U.S. and Beyond
As FinTech becomes increasingly mainstream, Visa is now looking to facilitate even broader financial technology integrations. Following an initial launch in Europe, the company has announced it will now be expanding the FinTech Partner Connect program to the United States as well as markets in Asia, Africa, Latin America, the Caribbean, and elsewhere. The program aims to help financial institutions discover and partner with vetted FinTech firms. In doing so,...
Personal Finance
Money at 30: How Quarantine Ended Up Impacting Our Spending (in Hindsight)
I don't want to jinx it, but I'm really starting to think we could be turning a corner on this whole pandemic thing. Personally, I've been fully vaccinated for a few weeks now while my wife has had her shots since January. Because of this, while life isn't "back to normal" by any means, it's definitely making progress. In turn, our COVID-era spending habits have also been evolving. Around this...
Personal Finance
White Star Capital Closes $50 Million Digital Asset Fund
Despite a rough week in the world of crypto, venture capitalists continue to see potential in the space. Case in point: White Star Capital has announced that it's raised $50 million to create a Digital Asset Fund (DAF), which will invest in various blockchain-enabled businesses and crypto networks. Previously, the fund's target was $30 million, but that figure grew as more backers jumped in. Among those backers were Bpifrance and Ubisoft. Running...
Personal Finance
