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
Americans' Concerns About Retirement Savings Increase
With the current pandemic continuing to upend many Americans' way of life, it seems as though today's economic issues have workers worried about their financial futures. According to a new survey by Simplywise, 62% of respondents say they are more concerned about their retirement today than they were one year ago. What's more, this figure is up from 56% who said the same in May. As a result, 72% of...
Personal Finance
Robinhood Adds to Latest Funding Round for $600 Million Total
The popular trading app Robinhood has just announced that it's raised even more money. As TechCrunch reports, the FinTech has more than doubled its previously declared $280 million Series F by raising another $320 million. Following this round, the investment platform is now valued at $8.6 billion. For the record, the additional funds were raised at the same valuation as the rest of the round, although the extra cash has...
Personal Finance
SoFi Re-Applies for a National Bank Charter
SoFi — short for "Social Finance" — is ready to become a bank. This week, the FinTech filed for a national bank charter with the Office of the Comptroller of the Currency (OCC). In their application, SoFi says having its own bank charter would help lower their funding costs by simplifying their business model. That said, some restructuring may be in order due to SoftBank's large investment in the FinTech....
Personal Finance
FinTech nCino Plans Initial Public Offering
It looks as though another FinTech initial public offering could soon be upon us. This week, nCino announced plans to go public. As TechCrunch reports, the firm is currently eying a share price between $22 to $24. With nCino planning to issue 7.625 million shares, the IPO could raise as much as $183 million and put the company's value somewhere in the neighborhood of $2 billion. The stock is set...
Personal Finance
Chainalysis Announces Expansion of Series B to $49 Million
The blockchain analysis company cleverly named Chainalysis has just upped its latest funding effort. Originally announced last year as a $36 million round with participation from Accel, Benchmark, MUFG, and Sozo Ventures, Chainalysis has now expanded the Series B by $13 million. The additional investments come from Ribbit Capital and Sound Ventures. As part of the deal, Ribbit Capital General Partner (and former Under Secretary for Terrorism and Financial Intelligence at the...
Personal Finance
Money at 30: EveryDollar Review
For the most part, a lot of the budgeting apps I've reviewed have been fairly similar. Although they might include some different features and interfaces, they all largely do the same thing. That's what makes EveryDollar stand out as a unique option — for better or worse. So what is EveryDollar, how does it work, and what about it makes it so different? Let's take a closer look at the...
Personal Finance
