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
On-Demand Employee Pay Platform Rain Raises $66 Million
by Fioney Staff
A startup that helps employees access their earned wages more quickly and easily has just raised some major funds of its own. This week, Rain announced that it has raised $66 million in equity. The Series A was led by QED Investors and Invus Opportunities, while WndrCo, Tribe Capital, and Dreamers VC also participated. In addition to the equity round, Rain raised an additional $50 million via debt facility, arranged...
Personal Finance
TTV Capital Closes Fund VI for Early-Stage FinTech Investments
by Fioney Staff
A major venture capital firm has announced the closure of its latest fund, which will invest in a number of growing FinTech startups. This week, TTV Capital announced the closure of its sixth fund (Fund VI), with a total of $250 million. Capital in this fund was contributed by both new and existing partners, including institutional and strategic investors. According to the firm, initial plans called for the fund to...
Personal Finance
Nitra Latest FinTech to Join Visa's Fast Track Program
by Fioney Staff
A spending insights platform built for healthcare professionals is getting a big boost by joining up with a major card company. This week, Nitra announced that it was the latest startup to join Visa's Fast Track program. As a result, the company will now have access to Visa's global payment network, VisaNet Nitra is a FinTech offering spending management tools for private practice physicians. With the platform, clients can issue...
Personal Finance
Stripe Raises $6.5 Billion, Now Valued at $50 Billion
by Fioney Staff
FinTech giant Stripe has just closed a massive funding round, but is once again cutting its valuation. The online payments company has announced that it's just raised $6.5 billion. The Series I included participation from returning investors Andreessen Horowitz, Baillie Gifford, Founders Fund, General Catalyst, MSD Partners, and Thrive Capital, while new investors GIC, Goldman Sachs Asset and Wealth Management, and Temasek also joined. Goldman Sachs served as sole placement...
Personal Finance
Money at 30: Why Does Decluttering Feel Like Saving Money?
by Kyle Burbank
A few weeks ago, I shared that I was going on a bit of a subscription cancelation binge — and, let me tell you, I've been on a high ever since. In fact, after slashing those costs and racking up savings, I was inspired to keep the good times rolling... except how? Well, after sitting with this feeling, I realized that what I really wanted to do was engage in...
Personal Finance
Credit Card Debt Increased by $180.3 Billion in 2022
by Fioney Staff
After a year in 2021 that saw credit card debt declining during all four quarters, 2022 officially saw debt steadily increasing. According to new figures from WalletHub, consumer credit card debt increased by $85.8 billion during the fourth quarter of 2022. This marks the largest quarterly increase on record. It also brings 2022's total to $180.3 billion in credit card debt added. As WalletHub notes, the Q4 2022 increase was 1.8...
Personal Finance
Credit Karma Introducing Net Worth Tool Built with Mint
by Fioney Staff
This week, Credit Karma announced that it was introducing a Net Worth tool. In a press release, the company said that the addition is part of their goal to become "a full-service personal finance management platform." The new feature will apparently begin rolling out to users with credit scores of 720 or higher but they hope to eventually expand it to a larger population. According to Credit Karma, this initial...