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
Payments API Platform Sila Raises $7.7 Million in Funding
by Fioney Staff
Despite FinTech deals falling to multi-year lows amid the global COVID-19 crisis, funding is still flowing for some firms. The latest to reveal new rounds is the Portland-based payments startup Sila. Last week Sila announced that it had raised $7.7 million in seed funding. The round was co-led by both Madrona Venture Group and Oregon Venture Fund. 99 Tartans, Mucker Capital, Transferwise co-founder Taavet Kinrikus, and entrepreneur Jerry Neumann also participated. According to the...
Personal Finance
IRS Introduces New Portal for Non-Filers to Enter Stimulus Payment Info
by Fioney Staff
Since Congress passed the $2 trillion stimulus package that included direct payments for many Americans, there have been several questions about when this money would go out and how individuals could claim their funds. While the Internal Revenue Service (IRS) had previously stated that direct deposit info would be used from 2019 or 2018 tax returns, that left open the question of what would happen with non-filers. Now the IRS...
Personal Finance
Fold Unveils New Bitcoin Rewards Visa Card
by Fioney Staff
Despite the best efforts of FinTechs like Robinhood and Square, cryptocurrencies remain fairly esoteric in nature. However another company looking to change that is Fold — an app that uses Bitcoins as cash back rewards. Now the firm is taking that mission to the next level with the help of Visa. Today, Fold announced that it would be launching a co-branded Visa card that will allow users to earn Bitcoin...
Personal Finance
Select Auto Insurers are Crediting Customers Due to COVID-19 Impacts
by Fioney Staff
With most Americans currently under a state or local shelter-in-place order, a majority of individuals are driving far less than they normally would. On top of that, with non-essential businesses being forced to close in several states, unemployment and other financial hardships are on the rise. Therefore, in a bid to offer some assistance and perhaps earn a bit of goodwill from their customers, this week some auto insurers announced...
Personal Finance
Money at 30: Wikibuy Review
by Kyle Burbank
For as simple and comparatively stress-free as online shopping can be, for frugal folks, it also comes with some dread. Why? Because there may be a way you could be saving more money. For example, have you ever been checking out on a website and nearly abandoned your cart when you realized you couldn't find a coupon code? I sure have. If you're anything like me in this way, then...
Personal Finance
FinTech Deals Decline Amid COVID-19 Outbreak
by Fioney Staff
With the COVID-19 pandemic not only delivering a public health emergency but also crippling the global economy, it should come as no surprise that new investments from venture capital are down as well. According to the latest report from CB Insights, the number of FinTech deals globally year over year was nearly cut in half. Moreover the number of deals in March fell to just 142 compared to 196 in...
Personal Finance
FinTech Financial Planner Savology Closes Oversubscribed Seed Round
by Fioney Staff
Once again it seems that the current pandemic hasn't stopped some FinTechs from seeking investments and growing their reach. This week the Utah-based Savology announced that it had raised $750,000 in seed funding. The oversubscribed round included participation from MassMutual Intermountain West CEO Brady Murray, RevRoad CEO Derrin Hill, Ascend Finance co-founder/CEO Ben Tejes, and PROFi founder/CEO Bruce Miller. With the funds, Savology hopes to expand their free financial planning...