Category: Personal Finance
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Personal Finance
Report: Varo Bank Raises $29 Million Series G, Replaces CEO
by Kyle Burbank
According to reports, Varo Bank has not only raised a new round of funding but has also named a new Chief Executive Officer. What's happening at Varo: As TechCrunch reports, per an SEC filing, Varo has raised a $29 million Series G. However, the FinTech bank had apparently been seeking $55 million in funding. Moreover, this comes after a 2023 $50 million equity round that valued the firm at $1.85...
Personal Finance
Southwest Announces Latest Companion Pass Flash Promotion
by Kyle Burbank
For a limited time, Southwest fliers can score a promotional Companion Pass, good for use later this year. About the offer: Southwest Airlines is bringing back its popular Companion Pass flash offer. First, customers can register for this promotion and must book a flight (one round-trip or two one-way) on the airline between now and February 20th, 2025. Then, they must travel by March 31st in order to claim a...
Personal Finance
Banking Tech Provider Zeta Announces $50 Million Funding Round
by Kyle Burbank
The banking technology company Zeta has announced its latest funding and a milestone valuation. About the round: This week, Zeta announced that it had raised an additional $50 million. While the company didn't specify, this was a Series D according to Crunchbase. The site also states that the round was led by Optum. Notably, the latest round values Zeta at $2 billion, which marks a 70% increase from the $1.15...
Personal Finance
"Buy What You Love Without Going Broke" Book Review
by Kyle Burbank
Last month, while reviewing George Kamel's book, I noted that I had learned about him through his appearance and my attendance at FinCon 2024. That's the backstory with this month's book selection: Buy What You Love Without Going Broke by Jen Smith and Jill Sirianni (hosts of the Frugal Friends podcast). In fact, after her moving keynote speech on the final day of the event, Smith mentioned that this book...
Personal Finance
SoFi Introduces New Benefits for SoFi Plus Membership Product
by Kyle Burbank
The financial services mega app SoFi is introducing new perks for SoFi Plus membership. About SoFi Plus: SoFi's membership product SoFi Plus now offers customers an estimated $1,000 in annual value thanks to some key benefits. First, SoFi Plus members can earn an unlimited 1% invest rewards match, meaning that customers with recurring SoFi Invest deposits will earn 1% of those deposits matched in the form of SoFi rewards points....
Personal Finance
Lessons From a First-Time Home Buyer: Average Annual Homeowner Expenses vs. Mine
by Kyle Burbank
In one of my daily searches for financial news recently, I came across a report from the site Real Estate Witch (which is owned by Clever Real Estate) detailing how much the average American homeowner spends on their house — not even including their mortgage. What it found was, heading into 2025, the average per year is a whopping $24,529. That figure is up significantly from the $17,958 annual average...
Personal Finance
Fruitful Introduces High-Yield Savings and Cash Back Charge Card
by Kyle Burbank
The financial advisory platform Fruitful has announced two new features for its members. About Fruitful's HSY and charge card: Members of Fruitful will now have access to two new products: Fruitful Cash Accounts and Fruitful Card. With Fruitful Cash, customers can earn 5% APY. Moreover, the account combines a high-yield savings account with checking account features. In fact, the Fruitful Cash account works in tandem with the new Fruitful Card....