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
Vet Care Financing FinTech Scratch Raises $35 Million
by Fioney Staff
With pet care being a necessity for millions of Americans, a startup that enables pet owners to get their furry friends the services they need by helping them finance the cost has closed a new round of funding. This week, Scratch Financial announced that it had raised $35 million. The Series C was led by Norwest Venture Partners, with Alumni Ventures, Companion Fund, Struck Capital, SWS Venture Capital, TTV Capital,...
Personal Finance
Ecommerce "CashBack" Platform Fondue Raises $10.5 Million
by Fioney Staff
A FinTech that's focused on replacing ecommerce coupon codes with a more beneficial solution has just secured a significant investment. This week, Fondue announced that it had raised $10.5 million. The seed round was led by Quiet Capital and Hanaco Ventures, while other participants included Infinity Ventures, Ground Up Ventures, Sugar Capital, Starting Line, R-Squared Ventures, Gaingels, Verissimo Ventures, Samsung Next, and JAM Fund along with individuals. With the acquired...
Personal Finance
Wyndham Enables Digital Tipping Powered by Béné
by Fioney Staff
For those hotel guests who may have wished to directly tip staff members at a certain property but didn't have any cash on hand, Wyndham — which not only operates a number of hotels under its own brand name but also counts Days Inn, La Quinta, Super 8, and other chains under its umbrella — has announced the launch of a digital payment solution powered by Béné. A new mobile...
Personal Finance
Power Emerges from Stealth Mode with $16.1 Million Round
by Fioney Staff
When a FinTech startup begins its life, it's fairly common for it to go under the radar. In fact, some companies seem to prefer this, opting to stay in "stealth mode" until the time is right — such as announcing a product launch or fundraising. That's the case with a FinTech startup called Power, which is now letting the world know about its service. This week, Power announced its exit...
Personal Finance
American Consumers Added $67.1 Billion to Credit Card Debt in Q2
by Fioney Staff
As 2022 rolls on, American consumers are now piling on more credit card debt. According to the latest Credit Card Debt Study from WalletHub, credit card debt among U.S. adults increased by $67.1 billion during the second quarter of 2022. That marks the largest increase seen during a Q2 and is 50% higher than the $44.9 billion in debt consumers added in Q2 2021. Furthermore, the site notes that the...
Personal Finance
Money at 30: Why Budget Hotels May Save You More Than You Think
by Kyle Burbank
When it comes to travel accommodations, I'm typically of two dueling mindsets. On the one hand, I don't feel a need to stay at the most luxurious properties in many cases — especially if I don't plan on staying in the room for all that long. Yet, I've often turned up my nose at traditional budget-friendly hotel and motel brands while on the road for one reason or another. However,...
Personal Finance
Mercury Debuts IO Company Card for Startups
by Fioney Staff
A FinTech banking platform meant to help startups manage their money as they scale is getting into the credit card game. This week, Mercy announced the launch of the IO card. Issued by Patriot Bank, the card carries no annual fee and has 30-day repayment terms. The IO card earns 1.5% cashback on all purchases, including international transactions. Earned cashback is then automatically deposited when all settled transactions are paid...