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
SoFi Announces Acquisition of Wyndham Capital Mortgage
by Fioney Staff
The FinTech-turned-bank SoFi is making another major purchase. Today, the company announced that it was acquiring Wyndham Capital Mortgage. While SoFi notes that it was an all-cash transaction, the terms of the deal were not disclosed. Founded in 2021, the Carolina-based Wyndham Capital Mortgage has helped more than 100,000 borrowers. Furthermore, the company has a 98% satisfaction rating and maintains an A+ from the Better Business Bureau. According to a...
Personal Finance
Family Banking Service Greenlight Introduces Greenlight for Banks
by Fioney Staff
In recent years, a number of FinTechs have set their sights on financial education, creating banking experiences suited for children, teens, and young adults. Among these brands is Greenlight, which offers tools and perks for children and parents. Now, the startup has announced the launch of Greenlight for Banks. With the new program, banks and credit unions can add Greenlight’s family finance app to their services, incorporating the platform into...
Personal Finance
Apple Begins Rolling Out BNPL Platform Apple Pay Later
by Fioney Staff
More than nine months after initially announcing plans to offer its own "buy now, pay later option, Apple has begun rolling out its new platform. With Apple Pay Later, customers will be able to finance purchases by paying them off over the course of six weeks. These short-term loans come with no fees or interest. Currently, the company is inviting certain (randomly selected) users to access the platform. Like with...
Personal Finance
Credit-Building Tool StellarFi Raises $15 Million
by Fioney Staff
A credit-building platform is adding to its coffers, announcing a fresh injection of funding. This week, StellarFi (previously known simply as Stellar) announced that it had closed a $15 million round. The Series A was led by Acrew Capital, while ATX Venture Partners, Trust Ventures, Dream Ventures, Interplay, Accomplice Ventures, Vera Equity, FJ Labs, Fiat Ventures, Gaingels, Kelmhurst, Oyster Funds, Hilltop Ventures, Permit Ventures, Kindergarten Ventures, J2 Capital, Socially Financed...
Personal Finance
Money at 30: How Much Does a Funeral Cost?
by Kyle Burbank
Did you know that dying is expensive? More specifically, the costs associated with funerals can really add up. That's something my wife and I have unfortunately learned recently as her dad passed away a couple of weeks ago after a brief battle with cancer. Luckily, he and my mother-in-law had made some preparations, such as purchasing plots ahead of time. Still, there are plenty of other expenses and options to...
Personal Finance
Robinhood Partners with Capitalize for IRA Rollover Feature
by Fioney Staff
In January, the popular investment app Robinhood officially introduced its IRA program Robinhood Retirement. Now, ahead of this year's tax deadline, the company has announced a partnership with Capitalize that will make it easier for customers to transfer their existing IRAs and 401(k)s over to the platform. As a result of the partnership, Robinhood Retirement users will be able to find legacy 401(k) accounts and roll them over into a...
Personal Finance
Survey: Consumers Want Financial Recommendations from Banks
by Fioney Staff
Since the advent of online banking, it's been easier for customers to check their balances, make transfers, and conduct other transactions from their computer or smartphone. However, a new survey highlights the fact that banks could be doing more with their digital platform to please customers. According to a Sopra Steria and IPSOS report, nearly 70% of banking customers want their institutions to provide more personalized financial recommendations that can...