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
Oxygen Joins Visa’s Fast Track Program for FinTechs
by Fioney Staff
Even as much of the country remains in lockdown, the financial technologies sector seems to be managing continued growth. Not only have the past few months seen major acquisitions and impressive investment rounds but they've also brought a handful of notable partnerships. Case in point: this past week, Oxygen announced that it was the latest FinTech to join Visa's Fast Track program. Oxygen is a mobile-only banking service designed for...
Personal Finance
Crypto Trading Platform FalconX Raises $17 Million
by Fioney Staff
Even amid continued lockdowns and economic struggles, the cryptocurrency market has been having a pretty big month. Not only has the price of Bitcoin risen to more than $9,300 but the latest "halvening" also recently occurred as the most famous crypto asset, Bitcoin, continues on towards its 21 million coin max. And then there's FalconX, which just announced a round of investments it's received. This week the company revealed that...
Personal Finance
How Will Coronavirus Impact Students' Finances?
by Fioney Staff
While nearly all Americans have been affected by the COVID-19 pandemic is some way, U.S. college students have been uniquely impacted. Not only have school closures meant the cancelation of graduation ceremonies but many of those who had been living on-campus were forced to vacate their homes as the virus spread. Now a new survey from the personal finance site WalletHub has sought to find some of the other ways...
Personal Finance
Uber Reportedly Looking to Acquire Grubhub
by Fioney Staff
During the current crisis, many businesses and verticals have seen their operations and sales directly impacted. The food delivery business has been no different, initially seeing a dip as shoppers stocked up on groceries but rebounding some as consumers looked to support their local eateries. All the while, companies like Uber Eats, Grubhub, DoorDash, and others have worked to reassure both customers and delivery partners with enhanced safety and cleanliness...
Personal Finance
Money at 30: How Quarantine Has Impacted Our Spending (So Far)
by Kyle Burbank
It's now been about six weeks since I've left my home for anything other than 1) near-nightly walks, 2) a couple of drive-thru pick-ups, and 3) one trip to the store. Thankfully, my wife and I are both among those who have been able to do our jobs from home during this time, with only minor disruptions to our income. Of course, this doesn't mean that our finances haven't had...
Personal Finance
Robinhood Announces $280 Million Funding Round
by Fioney Staff
It looks as though Robinhood is right on target once again. Last week, the stock trading app announced that it had closed a $280 million funding round. The Series F was led by Sequoia Capital, who had previously invested in the company. Other participants marked a mix of returning and new investors, including NEA, Ribbit Capital, 9Yards Capital, and Unusual Ventures. Also notable is that the funding round valued Robinhood...
Personal Finance
Brokerage Apps Seeing a Surge of New Investors Amid COVID-19 Crisis
by Fioney Staff
With unemployment now nearing 15% and economic uncertainty abounding, it might not seem like the best time for Millennials and younger adults to start their first-time investing journeys. Alas it seems that that's exactly what many of them are doing. As Axios reports, there are several signs showing that young investors are interested in playing the markets during this turbulent time. First, according to data from App Annie, financial apps...