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.
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Personal Finance
Healthcare Affordability Startup PayZen Raises $32 Million in Equity
by Kyle Burbank
A FinTech that helps patients find affordable healthcare solutions has raised new funds in two ways. About the round: This week, PayZen revealed its Series B funding round. The oversubscribed round included $32 million in equity as well as a new $200 million credit warehouse. NEA led the equity portion of the round along with participation from existing investors, such as 7wireVentures, SignalFire, Viola Ventures, and others. Meanwhile, Viola Credit...
Personal Finance
3 Things to Watch Out for When Buying a Used Car in 2024
by Kyle Burbank
In recent years, the used car market has absolutely exploded. Between this and the growth of online car-buying options such as Carvana, the process of purchasing a pre-owned vehicle has evolved... for better or for worse. I should know as my wife and I went through it all just a couple of weeks ago. And while we were ultimately successful in finding a car and paying a price we were...
Personal Finance
Ally Introduces Free Program Rooted in Money Psychology
by Kyle Burbank
Ally Financial is launching a new financial wellness program called Money Roots. About Money Roots: Money Roots is a free financial program grounded in money psychology. The tool is meant to help consumers better understand their money mindset. From there, they can also learn how these mindsets impact their financial decisions including spending, saving, and investing. As Ally notes, this program stands in contrast to more "skills-based" financial education tools....
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...