FinTech News
Small Business News
Amex Launches Third Annual Historic Restaurant Grant Program
For the third consecutive year, American Express is partnering with the National Trust for Historic Preservation to help small business owners. The "Backing Historic Small Restaurants" initiative will once again see the credit card company funding a total of $1 million in grants to 25 businesses, with each selected location being awarded $40,000. Additionally, the restaurants selected will be offered one complimentary year of ResyOS to help them streamline costs and...
FinTech News
Groundfloor Surpasses $1 Billion in Retail Investment as it Turns 10
A crowdfunded real estate firm is celebrating a decade of operation. Groundfloor has announced that, since its debut 10 years ago, the platform has now surpassed $1 billion in total retail investment volume. Additionally, the company says that its delivered annualized returns of 10% across its investment offerings during that time, Founded in 2013 by Brian Dally and Nick Bhargava, Groundfloor is a real estate investment platform that makes it easy for consumers...
Personal Finance
Average Consumer Spends 42% on Income on Household Bills
When Americans bring home their paychecks, how much of that money is immediately spoken for? That's exactly what a new report from Doxo shows. The data shows that the average household in the United States spends a total of $29,459 per year on household bills. This amounts to 42% of their income. According to the report, Americans spend a total of $3.87 billion per year on household bills. Of that,...
Small Business News
A Look at Intuit's "Small Business Big Impact Day"
By all accounts, Intuit is not a small business. However, with platforms such as TurboTax, Credit Karma, QuickBooks, and Mailchimp all under the Intuit umbrella, there's a good chance that consumers and entrepreneurs alike are at least familiar with the company's offerings. Now, to kick off Intuit's 40th anniversary, the firm recently found a way to support worthy small businesses and non-profit organizations at the same time. On February 15th,...
Credit Cards
Paceline Announces Closure of Fitness-Linked Credit Card
A unique credit card offering that enabled customers to earn greater amounts of cashback by reaching their fitness goals has announced that it's shutting down. Last week, Paceline sent a letter to users informing them that their Paceline Card would stop working as of February 23rd. According to an FAQ about the sunsetting, upon the card's closure, any existing rewards would be applied to the final statement balance. With the...
FinTech News
Zelle Network Grew to 1,800 Institutions in 2022
A popular peer-to-peer payment service saw even greater growth in 2022 according to their latest report. This week, Zelle announced that the number of new financial institutions joining the network increased by 40% last year. What's more, 97% of the new additions were institutions with less than $10 billion in assets. In total, the Zelle network now consists of more than 1,800 banks and credit unions. Elsewhere in its update, Zelle says...
Credit Cards
