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
Personal Finance
Crypto Lender Celsius Files for Chapter 11 Bankruptcy Protection
Following a turbulent month, the crypto lender Celsius has announced that it's filed for Chapter 11 bankruptcy protection. According to CNBC, the company has more than 100,000 creditors, including individual customers. The filing also notes that the company has $167 million in cash on hand as it continues to operate. In a statement, Celsius co-founder and CEO Alex Mashinsky said of the filing, “This is the right decision for our...
Personal Finance
FinTech Firm Asset Class Raises $11.6 Million Funding Round
A financial technology company that aims to help "democratize private capital investing" has just gained an investment of its own. This week, Asset Class announced that it had raised $11.6 million in funding. The Series A was led by Canapi Ventures, which is a FinTech-focused VC. New and returning investors including Live Oak Ventures, Plexus Capital, and Total Technology Ventures also participated. This round follows a $3 million seed round...
Personal Finance
Money at 30: The Power of Parity
As I write this, my wife and I are once again in France. Unbelievably, this is our third visit in under a year as we continue to cover developments at Disneyland Paris for Laughing Place. However, this particular trip is a bit special for a couple of reasons. First, we're here to report on the opening of the new Avengers Campus land — which, as big Marvel fans, we're very excited...
Personal Finance
Klarna Officially Closes $800 Million Down Round
The popular "buy now, pay later" app Klarna has confirmed its latest investment round. Following reports last week, the FinTech has now officially announced that it's raised $800 million in funding. The round builds upon a $639 million venture round the company closed in June 2021. However, while the earlier round valued the company at $45.6 billion, the latest raise cut that valuation to $6.7 billion. Like many other BNPL...
Personal Finance
U.S. Economy Adds 372,000 Jobs in June
In the face of recession fears, the United States jobs market continued to add jobs last month. According to a new Bureau of Labor Statistics report, the economy gained 372,000 jobs in June. As noted by CNN Business, that well outpaces the 272,700 jobs the economists surveyed had anticipated. Meanwhile, the unemployment rate stayed steady at 3.6%. With the latest jobs figures, the nation moves even closer toward reaching the...
Personal Finance
Survey Finds Americans Relying More on Credit Cards
With the economy hitting some sour notes, it looks as though the use of credit is on the rise. According to Credit Sesame's latest Personal Finance and Credit survey, Americans are relying more on credit cards now than they were last year. In fact, the percentage of respondents who reported using more than half of their available credit limit increased by nine points when compared to last year's survey. Additionally,...
Personal Finance
