Category: Personal Finance
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Personal Finance
Personal Finance
Deserve Announces $50 Million Round Led by Goldman Sachs
Another FinTech (or FinTech-adjacent) firm has just announced a big fundraising round. As TechCrunch reports Goldman Sachs is leading a $50 million Series C for Deserve. Also joining the round are previous investors Sallie Mae, Aspect Ventures, Mission Holdings, Pelion Venture Partners, and Accel. Although Deserve's co-founder and CEO Kalpesh Kapadia stated that this latest round would lead the company to profitability, he declined to disclose what valuation the round...
Personal Finance
Venmo Announces Rewards Program for Debit Cardholders
In just the past couple of years, the number of FinTechs offering their own debit card products has exploded. Thus it only makes sense that these companies would want to find new and creative ways to incentivize use of these various cards. That seems to be the playbook popular peer-to-peer payments app Venmo is following, announcing the rollout of Venmo Rewards for Venmo Card users. With Venmo Rewards, cardholders will...
Personal Finance
WalletHub Highlights "Scary" Financial Survey Results
If you were awakened by a few bumps in the night, it may have been the sound of the Federal Reserve dropping interest rates again — or it could just be that today is Halloween. Although the holiday is often associated with such terrifying sights as zombies, ghouls, and goblins, such fictional beings are no match for the real-life horrors that often haunt us. Chief among those fears for many?...
Personal Finance
Grocery Chain Reverses Swipe Fee-Related Visa Card Ban
After months of turning away Visa cards at their Foods Co. and Smith's locations in several states, the chains' parent company Kroger has announced that Visa will once again be accepted at all of its stores. Although a spokesperson for the company confirmed the news to Business Insider, they declined to comment on the reason for the reversal. Previously the company accused Visa of charging "excessive" fees on transactions and...
Personal Finance
Credit Karma Debuts High-Yield Savings Product
If you've ever wanted to check your credit score for free online, there's a great chance you've encountered Credit Karma. Started in 2007, the site has not only become a leader in the space but has also grown into one of the largest FinTech operations in the U.S. with a valuation of more than $4 billion. Now the company is trying something new, rolling out a high-yield savings product to...
Personal Finance
Study Ranks States Best-Equipped to Weather a Recession
If you've been paying any attention to financial news over the past several months, you've undoubtedly heard talk about a potential recession on the horizon. With the United States currently in its longest-ever period of economic expansion, it's only logical to speculate on when our good fortunes might taper off. But, if a recession were to arrive in the next year, what parts of the U.S. would fare the best?...
Personal Finance
