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
Walmart to Launch FinTech Firm with Ribbit Capital
by Fioney Staff
One of the nation's largest and most iconic retailers is about to enter this FinTech field. This week, Walmart announced that it would be launching a financial technology startup alongside venture capital firm Ribbit. While no details about a name or debut for the company were revealed, the goal of the off-shoot will be to "deliver tech-driven financial experiences tailored to Walmart’s customers and associates." While this development may seem...
Personal Finance
Mobile Banking App Simple Announces Shut Down
by Fioney Staff
When it comes to FinTech services, the acquisition of a startup can either mean good news for customers thanks to an influx of cash and resources or it could mean deterioration of a product due to neglect. Additionally, while things may seem to be going just fine for an app on the surface, underlying issues may unexpectedly emerge. These realities are what customers of the mobile banking app Simple are...
Personal Finance
U.S. Economy Lost 140,000 Jobs in December 2020
by Fioney Staff
There's no question that 2020 will go down as one of the most challenging years in recent memory for many Americans. Yet, after major job losses in the spring of last year, employment began to rebound as businesses were allowed to reopen. Unfortunately, following months of slowing growth, job figures ended the year on a down note. According to the latest report from the U.S. Bureau of Labor Statistics, the...
Personal Finance
Tourism Falls to Lowest Level in 30 Years
by Fioney Staff
It's no secret that one of the industries hit hardest by the COVID-19 pandemic has been the travel sector. From airlines and hotels to attractions and tourist-dependent cities, health concerns and government-mandated restrictions have dried up demand. In fact, new figures show that international travel fell to a 30-year low in 2020. Through October of 2020, international arrivals fell by more than 900 million — a pace that will likely...
Personal Finance
Venmo Introduces "Cash a Check" Feature to Select Customers
by Fioney Staff
One of the ironies of FinTech in recent years has been that, while startups have managed to disrupt the banking and payments spaces by doing things differently, they've also found success in adopting established mediums and making them a part of their platforms. For example, the past several months have seen a rash of FinTech debit card options hit the market. Now, the popular peer to peer payment app Venmo...
Personal Finance
Money at 30: "Buy the Avocado Toast" Book Review
by Kyle Burbank
There sure are a lot of stereotypes about Millennials, aren't there? Nevermind the fact that most media outlets don't seem to know what even constitutes a "Millennial," my generation has often been regarded as lazy and entitled, with other baseless assertions being peppered in over time. One of the more recent (yet still played out) additions to the list of Millennial tropes is that we all blow our money on...
Personal Finance
FinTech Banking Platform Oxygen Announces $17 Million Funding Round
by Fioney Staff
After what seemed to be a fairly successful year in the world of FinTech (all things considered), new deals are already rolling in. This week, Oxygen announced that it had raised $17 million in funding. The Series A was led by Runa Capital with participation from such firms as Inventures, S7V, 1984.vc, EFG Hermes, and Rucker Park. Additionally, individual investors including Deutsche Bank's Frank Strauss, Plaid's William Hockey, Teachable's Ankur Nagpal,...