personal finance

  • Affirm acquires budgeting app Sweep to expand into personal finance

    Affirm acquires budgeting app Sweep to expand into personal finance

    Online lending company Affirm has announced it is acquiring Sweep, an app-based personal finance tool. The move comes just two weeks after Affirm raised a $100M Series D round, which was partially raised to help the company expand into new product categories outside of lending. Specifically, Max Levchin, co-founder and CEO of Affirm, acknowledged that users will most likely never be… Read More

  • PayPal leads $30 million round in Acorns investing app

    PayPal leads $30 million round in Acorns investing app

    Acorns, the investing app, is announcing a $30 million strategic investment from PayPal, with participation from the Rakuten FinTech Fund. This brings the team’s total funding to $62 million. With 850,000 investment accounts, Acorns works by rounding up purchases and investing the remainder. In other words, if you buy a latte for $3.99, that penny will go into an ETF. Users trust Acorns… Read More

  • Prosper Marketplace relaunches its BillGuard app under the Prosper brand

    Prosper Marketplace relaunches its BillGuard app under the Prosper brand

    Prosper Marketplace, the marketplace lender focused on refinancing and credit rehabilitation, has re-launched its BillGuard app (acquired last September) under its own brand as Prosper Daily. With the rebranding, the former BillGuard becomes Prosper’s first mobile app and is the company’s first beachhead into what chief executive Aaron Vermut hopes will be a broader suite of… Read More

  • With $4.3 Million PayJoy Is Ensuring Smartphones Land In The Hands Of The Next 2 Billion

    With $4.3 Million PayJoy Is Ensuring Smartphones Land In The Hands Of The Next 2 Billion

    With Project Loon and Internet.org Companies like Google and Facebook are spending hundreds of millions of dollars each to ensure that everyone on the planet has access to the internet, but with a modest $4.3 million in equity and debt the new startup PayJoy is solving an equally important problem — getting actual smartphones into those people’s hands. Co-founded by Mark Heynen… Read More

  • J.P. Morgan, OnDeck And The Future of Alternative Lending Crunch Network

    J.P. Morgan, OnDeck And The Future of Alternative Lending

    Earlier this month, J.P. Morgan announced a strategic partnership with OnDeck Capital to originate, underwrite, and distribute loans targeted specifically at small businesses. As evidenced by a 28% single-day spike in OnDeck’s share price, this announcement clearly is a big deal to one of the leading FinTech companies today, and has major implications for the future of alternative lending. Read More

  • Trim Will Find Your Subscriptions, Cancel Those You No Longer Want

    Trim Will Find Your Subscriptions, Cancel Those You No Longer Want

    Netflix, Hulu, Amazon Prime, Birchbox, Spotify, HBO NOW, newspapers, box of the month clubs, meal services, and more: The rise of subscription-based commerce means consumers now pay for a number of items on a recurring basis. But even a few dollars spent here and there have a way of adding up, and eating into your household’s budget. A new startup called Trim wants to help you… Read More

  • Leveraging Technology To Make Credit Credible Crunch Network

    Leveraging Technology To Make Credit Credible

    The small-dollar credit (SDC) market — think payday and auto-title lending — is ripe for innovation and disruption. Most of the $44 billion industry consists of high-cost, low-quality products that lead people into cycles of repeat usage and mounting debt. Regulatory burdens, reputational risk and the tough economics of making small loans profitable have limited the supply of… Read More

  • Penny Is A Chat-Based Personal Finance Coach

    Have you ever wondered why being financially responsible can be so difficult? Maybe it’s because most money management tools are too complicated and overwhelming for the average user. Penny, a new personal finance app, is fixing this by giving users personalized financial advice via a simple chat interface. As soon as you open the app for the first time, Penny starts talking to… Read More

  • Records Of 15 Million T-Mobile Customers Swept Up In Experian Hack

    Records Of 15 Million T-Mobile Customers Swept Up In Experian Hack

    T-Mobile announced on Thursday the personal information of about 15 million customers was swept up in a hack on Experian, a vendor that processes the phone company’s credit applications. The breach affects new applicants who required a credit check for service or a new device between September 1 and September 15. Experian said the hack did not affect its consumer credit database. Read More