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
Accounting Infrastructure Startup Teal Raises $8 Million
by Kyle Burbank
A FinTech offering accounting infrastructure tools for vertical SaaS businesses to adopt has announced its seed round. About the round: Today, Teal announced that it had raised $8 million. The seed round was led by Torch Capital, while Basis Set Ventures, General Advance, and Dash Fund also participated. Additionally, execs from Plaid, Brex, Gusto, and others are among the angel investors contributing to the round. This is the startup's first publicly...
Personal Finance
Vehicle-Secured Credit Card Company Yendo Raises $165 Million
by Kyle Burbank
A FinTech that offers the first-ever credit card secured by a customer's vehicle has announced its latest round of funding. About the round: This week, Yendo announced that it had raised $165 million. However, this includes $150 million in debt financing and $15 million in equity. The debt portion was led by i80 group, while the strategic investors that participated in the equity round were not disclosed. Yendo previously raised...
Personal Finance
Lessons From a First-Time Home Buyer: Worst Time to Buy a House? There Are Always Exceptions
by Kyle Burbank
If you've been thinking about buying a house, looking at the news lately has likely disheartened you. As CNN reports, a recent Gallup poll found that 76% of Americans believe it's a bad time to buy — with only 21% saying it's a good time. There are several reasons for that sentiment, with the top two being the combination of high interest rates and high home prices. So, are you...
Personal Finance
Chime Introduces MyPay Cash Advance Feature
by Kyle Burbank
The popular neobank Chime is adding a new feature that will allow users to access their paycheck funds even earlier. About MyPay: This week, Chime announced the launch of MyPay. With this new feature, customers will be to request up to $500 of their pay ahead of their regular payday. As Chime notes, MyPay is a low-cost and transparently priced alternative to traditional payday loans and other options. Chime users...
Personal Finance
No Worries by Jared Dillian Audiobook Review
by Kyle Burbank
For many people, money is a stressful topic they'd rather not even think about. And then, there are people like me who think about money often, while attempting to reduce anxiety about it in the process. Either way, when I saw the title of Jared Dillian's relatively recent book No Worries: How to Live a Stress-Free Financial Life, I was immediately interested. So, I cashed in one of my last...
Personal Finance
SoFi Partners with Templum to Expand Alternative Investments
by Kyle Burbank
SoFi Invest is set to expand its alternative assets features thanks to a new partnership. About the partnership: This week, Templum announced that it was working with SoFi to bring more alternative investments to the FinTech's customers. Launched earlier this year, SoFi's platform now allows users to invest in funds from ARK Venture Fund, Carlyle Tactical Credit Fund, the KKR Credit Opportunities Portfolio, and more. The partnership between Templum and...
Personal Finance
Insurtech Startup CoverTree Raises $13 Million
by Kyle Burbank
An insurtech firm with a unique niche has raised a new round of funding. About the round: This week, CoverTree announced that it recently raised $13 million. The Series A was led by Portage. AV8, Distributed Ventures, Detroit Venture Partners, Ludlow Ventures, Annox Capital, and others also participated. In total, the company has now raised $23 million, including an $8 million seed round in 2022. With the new funds, CoverTree...