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.
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Personal Finance
Personal Finance
20 of the Top FinTech Deals of 2020 (So Far)
In the face of a global pandemic, the FinTech industry continues to thrive. From investment app and mobile wallets to insurtech and digital business tools, companies of all kinds have seen significant growth in 2020, fueled by some impressive investments. With that in mind, today we highlight 20 of the top FinTech megadeals ($100 million+) raised by startups so far this year. Robinhood Funding amount: $600 million ($280 million/$320 million)Round:...
Personal Finance
U.S. Initial Unemployment Claims Amounted to 860,000 Last Week
This morning, the United States Department of Labor released the latest unemployment insurance filing numbers showing that 860,000 workers applied for new benefits last week. The figure is down from an adjusted 893,000 the week prior and is a fraction of the near-record 6.6 million claims filed at the height of COVID-related shutdowns. It's also below the 870,000 that economists polled by MarketWatch had anticipated. Nevertheless, it's still four-times what...
Personal Finance
Savings App Guac Launches Equity Crowdfunding Campaign
Over the past few months, the FinTech industry has seen a slew of funding rounds — including some that have climbed even after their original announcement. While these traditional venture capital-led rounds are certainly the norm, they aren't the only way for startups to raise funds. Case in point: this week, New World Savings, Inc., which operates the app Guac, announced that it was seeking seed funding via the equity...
Personal Finance
Robinhood Adjusts Options Trading Features Following Criticism
As the free stock trading app Robinhood continues to explode in popularity, the platform has also garnered some criticism and scrutiny. This not only includes a 2018 misstep that found that company backtracking on plans for a "Checking & Savings" account but has also continued with the Securities and Exchange Commission reportedly looking into whether the FinTech has properly disclosed to traders the ways that it makes money. Elsewhere, the...
Personal Finance
Americans Pay Down a Record $118 Billion in Credit Card Debt
Despite the economic hardships that abound, it seems that many Americans are actually managing to eliminate some of their most expensive debts. According to WalletHub's latest data, U.S. consumers paid down a total of $118 billion in credit card debt during the first half of 2020, amounting to an all-time record. Surprisingly, this paydown also comes amid high unemployment and other financial challenges associated with the pandemic and subsequent shutdowns....
Personal Finance
Neobank Revolut Officially Expands to Japan
Over the past few years, neobanks have become some of the largest players in the FinTech space. While many of these startups are based in the United States, Europe has also seen an explosion of challenger banks — with some making their way to America as well. Now one Britain-based banking service is continuing its global expansion by heading to the Land of the Rising Sun. As TechCrunch reports, Revolut...
Personal Finance
