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.

Roboadvisors: What Are They and Are They Right For Your Investments?

If you’ve researched investing in the past few years or so, one option you’ve probably seen increasingly come up is roboadvisors. With a futuristic sounding name that instantly instills images of autonomous mechanical arms making trades, roboadvisors have proven exciting to some while giving other potential investors pause. After all, who wants to trust their financial well being to a robot? Well, as it turns out, there’s more to roboadvisors...

Chipotle Launches "Buy the Dip" Game, Adds Crypto Payments

So far, 2022 has proven to be a tumultuous year for cryptocurrencies. Not only have individual investors felt some pain as prices for numerous assets have taken some tumbles but some crypto-centric firms have even had to lay off staff or file for bankruptcy. But, despite so-called "crypto winter" in effect, one popular restaurant is taking the opporunity to further embrace cyrpto — while also poking a bit of fun...

Chase and Instacart Officially Launch Co-Branded Credit Card

Earlier this year, Chase and the popular grocery delivery service Instacart revealed that they were collaborating on a co-branded credit card. Now (after a false alarm yesterday), the offering has officially launched. Introducing the Instacard Mastercard. With the new Instacart Mastercard, customers will earn 5% cashback on purchases they make from Instacart. This includes delivery and pick-up orders at more than 70,000 stores across the nation. Additionally, cardholders will earn...

TomoCredit Closes $122 Million Funding Round

With credit card interest rates on the rise, a company that offers an alternative credit product has announced a new injection of capital to continue its mission. Today, TomoCredit revealed that it had raised $122 million in its latest funding round. That total includes $22 million in Series B equity and $100 million in debt financing. The equity portion of the round was led by Morgan Stanley's Nex Level Fund...

Surveys Show Small Business Burnout Rising, Optimism Falling

Throughout the more than two years that the pandemic has gripped the United States, America's small businesses have shown time and time again how resilient they are. In fact, several surveys have shown continued optimism on the part of business owners. Unfortunately, with fresh economic threats mounting, more recent reports display increased frustrations. According to a survey from Podium (conducted by Censuswide), 72% of small business owners stated that they...

X1 Credit Card Prepares for Public Launch, Raises $25 Million

Nearly two years ago, a new "smart credit card" called X1 was teased to consumers. Now, the card's wide launch to the general public is nearly upon us. Ahead of that, the company behind the product has also announced an impressive investment round. This week, X1 Card revealed that it had raised $25 million. The Series B was led by FPV Ventures, while other participants included Craft Ventures, Spark Capital,...

Stori Reaches Unicorn Status with $50 Million Equity Round

A company looking to bring credit availability to consumers in Latin America is now Mexico's newest "unicorn." Stori has announced that it's raised $150 in funding. This includes a $50 million Series C-2 led by BAI Capital, GIC, and GGV Capital with participation from Lightspeed Venture Partners, General Catalyst, Vision Plus Capital, Goodwater Capital, Tresalia Capital, and Davidson Kempner Capital Management LP. The other $100 million is a debt facility arranged...

Crypto Lender Celsius Files for Chapter 11 Bankruptcy Protection

Following a turbulent month, the crypto lender Celsius has announced that it's filed for Chapter 11 bankruptcy protection. According to CNBC, the company has more than 100,000 creditors, including individual customers. The filing also notes that the company has $167 million in cash on hand as it continues to operate. In a statement, Celsius co-founder and CEO Alex Mashinsky said of the filing, “This is the right decision for our...