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.
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Personal Finance
Insurtech Company Hippo Scores $350 Million Investment
by Fioney Staff
Palo Alto-based insurtech startup Hippo just announced that it's raised another $350 million. The impressive raise comes exclusively from Mitsui Sumitomo Insurance Company, Limited and brings the company's total funding to date to $709 million. Instead of being aside a letter, the round is being described as simply a "venture round." The investment comes just four months after the company's $150 million Series E — which already ranked among the...
Personal Finance
Money at 30: Bumped App - How Version 1.0 Compares to the Beta
by Kyle Burbank
For literal years, I've been raving about an app called Bumped. Yet, little did I know that, for much of that time, I was talking about a service that few could actually try for themselves. That's because Bumped was still in its pilot or beta phase. However, as the platform launched its 1.0, many of the features that original users loved had changed — for better or worse. So what...
Personal Finance
Bitcoin Continues to Surge, Nearing All-Time High
by Fioney Staff
In 2017, Bitcoin enjoyed a famed run that saw the cryptocurrency's value climb to nearly $20,000 per coin before plummeting back down to earth. Now, nearly three years later, the asset is making another run at that record. Since October 1st, the price of Bitcoin has nearly doubled, going from around $10,500 to as high as $19,400 in recent days. However, at press time, the value had receded some to...
Personal Finance
Vennfi Raises $2.3 Million Ahead of Charityvest Platform Expansion
by Fioney Staff
Even as 2020 begins to wind down, FinTech deals continue to roll in. Last week, Vennfi announced it had raised $2.3 million in funding. The seed round was led by former DCM Ventures partner Tom Blaisdell with participation from Teamworthy Ventures, Duro.vc, Sovereign's Capital, and Promus Ventures along with individual investors and other funds. With the latest raise, Vennfi's has now brought in a total of $3.7 million for 2020....
Personal Finance
Google Pay Unveils Overhaul, Opens Waitlist for Banking Account
by Fioney Staff
Users of Google Pay for Android or iOS may have noticed some major changes to the app this week. A new update turns the focus to personal finance as well as peer to peer payments, while also teasing future endeavors. First, users can now link bank accounts and credit cards (via Plaid) to Google Pay in order to see their spending — regardless of whether they're using Google Pay to...
Personal Finance
Money at 30: My Top Holiday Shopping Tips For 2020
by Kyle Burbank
Even though we're still in mid-November, I think we can all agree on fast-forwarding to the holiday season this year. Of course, 2020's festivities are bound to look a bit different in many ways. Nevertheless, shopping will surely still play a big role in the next several weeks. With that in mind, I figured I'd highlight some of my top holiday shopping tips — including some tailored to our current...
Personal Finance
U.S. Credit Card Balances Reach Lowest Total Since 2017
by Fioney Staff
If the credit card balances you carry have decreased in recent months, you're not alone! According to data from TransUnion, credit card balances fell to a total of $723 billion during the third quarter of the year. That's not only down $15 billion from the prior quarter but is also down $84 billion from one year ago. In fact, the sum is the lowest total since Q2 2017 when balances...