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
Personal Finance
FinTech Credit Card Company Petal Raises $55 Million
Throughout the past few months, at a time when the whole world is feeling disrupted, startups once called "disruptors" have found their services becoming more important than ever. In turn, there seems to be a streak of investments in these companies. Case in point: this week, Petal revealed that it had raised $55 million as part of its latest funding round. According to TechCrunch, the raise actually closed in April...
Personal Finance
American Net Worth See Record Increase in Q2 2020
Amid all of the uncertainty and lockdowns that the past few months have brought, it seems that the overall value of Americans' portfolios and homes has soared. As Axios reports, new data from the Federal Reserve shows that U.S. household net worth reached $119 trillion during the second quarter of this year. That marked an increase of $7.6 trillion, which amounts to a 6.8% rise. What's more, the spike was...
Personal Finance
Money at 30: Revolut Review
This review feels like its been a long time coming. That's not really because I've been waiting for an extended period to post it but just because I've been mildly obsessed with Revolut ever since I downloaded the app and signed up for myself. Plus, as I continued to dive deeper, I only became more intrigued — not to mention that new features have debuted in just the few weeks...
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
