Jonathan Dyer

I'm a small town guy living in Los Angeles looking to make solid financial decisions. I write for a number of finance websites, including HuffingtonPost and Business2Community. I founded DyerNews.com in 2015 to focus on personal finance and the emerging FinTech markets.

FinTech Funding Grows 169% in 2021 to Reach New Record

Anyone paying attention to the FinTech field throughout 2021 could probably guess that it was a record-breaking year. Sure enough, new figures from CB Insights confirm that to be the case. According to the latest State Of Venture report, FinTechs raised a combined total of $131.5 billion in 2021. That marks a 169% increase over 2020's $49 billion total. The year was capped by a $34.9 billion Q4 that ranks...

Neobank Current Introduces 4% APY Feature for Savings

In recent years, savings account holders have likely seen the interest they earn from their funds fall tremendously. This decline has even been true among many FinTechs that have typically offered better rates than the big banks. However, one neobank is now rolling out a new feature that will allow customers to earn interest that's 60 times higher than the national average. This week, Current announced that customers will be...

FinTech Prosper Introduces Credit-Building Card

For years, FinTechs have been disrupting the credit industry. From websites like Credit Karma making it easier for consumers to understand their credit reports to various platforms looking beyond credit scores and utilizing alternative algorithms to determine creditworthiness, there are now several credit-building opportunities available to Americans that weren't there previously. Now, the marketplace lending platform Prosper has announced the launch of a new and interesting credit card product. The...

Wells Fargo Announces Account Changes to Help Limit Overdraft Fees

Despite some changes over the years, overdraft fees continue to be an expensive plague on American consumers. However, little by little, institutions have been making some changes. The latest in this trend is Wells Fargo, which recently announced some upcoming adjustments to its policies. The first change coming down the pike is that customers enrolled in Overdraft Protection service will no longer be assessed a fee when fund transfers are...

Lending Marketplace Acorn Finance Raises $8.4 Million

As the new year gets underway, another FinTech is celebrating by raising money. This week, Acorn Finance (not to be confused with micro-investment app Acorns) announced that it had closed an $8.4 million round. The Series A was led by MassMutual Ventures. Previous investors Vestigo Ventures, Accomplice, and MetaProp also participated along with Moderne Ventures. To date, the company has now raised a total of $12.4 million, including seed round raises...

My GM Rewards Card Launches with New Partner Goldman Sachs

In 2019, Goldman Sachs made a splash by releasing its first credit card: The Apple Card. Of course, that product was heralded as a card "Created by Apple, not a bank" despite Goldman's involvement. Now, the bank — and specifically their Marcus by Goldman Sachs brand — is expanding its credit card offerings with the launch of the My GM Rewards Card from auto giant General Motors. The new My...

Top 10 Personal Finance Articles of the Month — December 2021

It’s time again for one of my favorite features here on Dyer News: a look at the top 10 personal finance articles of the month. As we enter a new year, we'll start off with a look back at 2021 along with some resolutions for 2022. After that, we'll feature a trio of articles on the topic of minimalism. Then, we'll look at using multiple bank accounts, automating your finances,...

U.S. Economy Adds 199,000 Jobs in December 2021

When the ball dropped on 2021, the United States found itself holding a bit of a mixed bag. While there was reason to be optimistic and believe that 2022 will be better than its predecessor overall, a new twist in the pandemic threw a wrench in the plans of many. Now, a look at the current economy and job market is also decidedly mixed, simultaneously offering points of disappointment and...