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Varo Money Granted National Bank Charter, Forming Varo Bank

As several startups have started expanding into banking services, such companies have partnered with existing banks in order to provide FDIC insurance and other benefits to their customers. However, at the same time, some of these businesses have attempted to build their own path by applying for charters — and...

What is Credit Sesame and How Does It Compare to Credit Karma? 3

Credit Sesame is a great place to start for learning about your credit and how to improve it, but is it better than Credit Karma?

Mortgage Company Rocket Announces Initial Public Offering

It looks as though a major FinTech initial public offering is just around the corner. Rocket Companies (referred to as either “formerly known as Quicken Loans” or “the parent company of Quicken Loans” depending on who you ask) will offer 150 million shares of Class A common stock as part...

United States Economy Contracts 32.9% in Q2

As Congress continues to debate potential next steps for financial relief amid the coronavirus pandemic, new figures are showing the economic impacts of the disease. This morning, the Bureau of Economic Analysis reported that the United States’ gross domestic product declined by 32.9% during the second quarter of 2020. That...

Tax Holidays Coming to Several States Despite Uncertainty

With August now just days away, the 2020 back-to-schools shopping season is also on its way — and it looks a lot different than it did in 2019. Nevertheless, despite a lack of normalcy across the country, several states are still scheduled to offer tax holidays in the coming weeks....

Revolut Adds $80 Million to Series D Funding Round

For most startups, securing capital requires soliciting funding. Yet, as some FinTechs become more established, the funding offers may just come to them. That seems to be the case with Revolut, which has just expanded its latest round. London-based FinTech Revolut has revealed that it’s added $80 million to the...

Money at 30: “Utopia for Realists” Book Review

Sometimes it seems that a personality goes from being nowhere on my radar to appearing everywhere I turn. One might assume this to be a case of the subconscious becoming conscious... but it’s more likely to be a symptom of a book promotion cycle. That’s the case with Dutch author...

New York Legislature Passes Small Business Truth in Lending Act

For years now, online lending options have made it easier for small business owners to obtain loans, allowing them to access capital much more quickly than in the past. Unfortunately, not all of the lenders were transparent and upfront about their fees and interest rates. In turn, some desperate owners...