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...

The 19 Best Cashback and Rewards Apps for 2022

These days, if you’re shopping online, chances are you could be saving more money. In addition to coupon codes you may have missed and price trackers that can help you time your purchase just right, there are also dozens of cashback tools that will reward you just for shopping through their link or app. The only problem is, with so many cashback and rewards apps to choose from, how do...

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...

Money at 30: Peak Money App Review

With a new year now upon us, you can bet that many Americans are looking to make changes to their money habits. Specifically, now more than ever, people are realizing the importance of setting money aside in savings. Luckily, there are now a variety of apps that can help them do that — including one I recently discovered called Peak Money. Having used Peak Money for the past couple of...

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...