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
Recreational Vehicle Financing FinTech Octane Raises $50 Million
by Kyle Burbank
A FinTech that helps consumers get financing for a variety of major recreational purchases has raised a fresh round of funds. About the round: This week, Octane announced that it raised $50 million in new equity capital. The Series E was led by Valar Ventures with participation from Upper90. Notably, both firms are existing investors. To date, the company has now raised a total of $242 million, including a $52...
Personal Finance
Selling the Dream: The Billion-Dollar Industry Bankrupting Americans Book Review
by Kyle Burbank
At this point, I think most people are at least familiar with multi-level marketing companies (AKA MLMs). Even if they don't know the term itself, surely anyone who's ever been on Facebook is familiar with the feeling of being DM'd by an old friend or acquaintance trying to sell them something. What's more, despite big lawsuits and high-profile documentaries on certain MLMs, Americans continue to flock to these companies —...
Personal Finance
Savvy Wealth Raises $26.5 Million for Wealth Management AI Tools
by Kyle Burbank
The digital financial advisor platform Savvy Wealth has revealed an addition to its early-stage funding round. About the round: Savvy Wealth has announced the closure of its Series A, which totals $26.5 million. This includes the addition of $15.5 million from Canvas Ventures. New and existing investors including Thrive Capital, Brewer Lane Ventures, Index Ventures, The House Fund, and Alumni Ventures also participated. To date, the company has now raised...
Personal Finance
SoFi Offering Limited Time 401(k) Rollover Bonus
by Kyle Burbank
SoFi is encouraging employees to roll over their 401(k)s by offering a special matching offer. About the SoFi 401(k) rollover bonus: For a limited time, customers can earn a 1% match when rolling over a 401(k) to a SoFi IRA. This means that those who roll over $50,000 can earn a $500 bonus, rolling over a $100,000 account can earn $1,000, etc. The offer is valid both for those who...
Personal Finance
SoLo Funds Review: What the Community Finance Platform Offers
by Kyle Burbank
One of the first FinTech tools I heard about was Lending Club. Originally, this platform was known as "peer-to-peer lending," but that eventually morphed into "marketplace lending" once institutional investors took most of the "peer" part of the service. So, when I first heard about SoLo Funds (via unique circumstances that we'll discuss later), my first thought was that the app represented true peer-to-peer lending — or, as they call...
Personal Finance
Faye Raises $31 Million for Travel Insurance Platform
by Kyle Burbank
An app that makes travel insurance buying simpler has raised an impressive round of funding. About the round: Faye has announced a new $31 million round. The Series B was led by Portage while Lumir Ventures and existing investors F2 Venture Capital, Viola Ventures, and Munich Re Ventures also participated. To date, the company has now raised a total of $49 million, including a $10 million Series A last year...
Personal Finance
Lessons From a First-Time Home Buyer: When Your Mortgage Servicer Changes
by Kyle Burbank
Something I'd absolutely never heard about prior to buying a home was the idea that your mortgage might just randomly be sold to another company. Sure, I was familiar with the concept of companies selling off delinquent debt to collectors, but it never crossed my mind that lenders would elect to transfer their mortgages in good standing to another lender. Yet, that's exactly what happened to us within only a...