Francesco Simoneschi, CEO and co-founder of U.K. fintech start-up TrueLayer. TrueLayer LONDON — British financial technology start-up TrueLayer says it’s raised $70 million in fresh funding, highlighting continued appetite from investors for fast-growing fintech firms. TrueLayer lets fintech apps like Revolut and Freetrade connect with customers’ bank accounts using technology known as APIs, or application
Zach Perret, CEO and co-founder of Plaid, speaks during the Silicon Slopes Tech Summit in Salt Lake City, Utah, U.S., on Jan. 31, 2020. George Frey | Bloomberg via Getty Images Plaid raised a new round of capital that nearly triples its valuation a few months after a deal to be bought by Visa fell
Those armed with a newly minted diploma are entering a job market that suddenly looks a lot more promising than it did a year ago. Employers project hiring 7.2% more new college graduates from the Class of 2021 than they did from the Class of 2020, according to a report from the National Association of Colleges
Non-employee platform-based work seems like a sufficiently distinct phenomenon to require changes to either tax forms or the tax code to accommodate the new work arrangements that have arisen over the past decade or so, but the only truly novel element in platform work might be the online platform. The IRS maintains that platform work
A view of the water never gets old – even when the view has been enjoyed by homeowners since the 18th century. This authentic French farmhouse is set near the seaside resort town of Cabourg along the English Channel in Normandy. Vacationers have been drawn by the moderate coastal climate and stunning beauty of the
Four considerations for making the best choice for you and your family The role of a trustee—holding title to property for the benefit of another—sounds simple enough on its surface, but selecting a trustee is a complex decision with many nuances. Individuals who create trusts often focus on the trust provisions regarding disposition of the
In this article OKTA Okta sees big growth ahead as it expands its service offerings. The cybersecurity company said Wednesday it expects revenue for the fiscal year to grow by 30% as it unveiled two new products, one in “privileged access management” and another in “identity governance and administration.” Privileged access seeks to protect data
Investors should be able to take advantage of bullish momentum in tech stocks for at least the next couple of months. In my last post on the subject on Feb. 4, the takeaway was “tech’s reign of relative dominance has come to an end.” The tech sector as measured by the XLK ETF went on
Sawitree Pamee / EyeEm | EyeEm | Getty Images The recent ascent of bitcoin and other cryptocurrencies has enriched early investors with returns more akin to the lottery than your typical bread-and-butter investment. After all, a $10,000 investment at $100 per bitcoin would currently be worth an estimated $5 million. Of course, when an asset
Larry Connor The Connor Group Larry Connor, the leader of eponymous Ohio-based real estate firm The Connor Group, earlier this year signed on to fly to the International Space Station. But first, before beginning his astronaut training, Connor will dive to the bottom of the ocean. Connor is partnering with deep sea specialist EYOS Expeditions
Getty Images A fourth batch of more than 25 million $1,400 stimulus payments has been sent, and this time Social Security beneficiaries received most of the money. The IRS announced on Wednesday that new stimulus checks totaling more than $36 billion had been issued. Those payments began processing on Friday, April 2, and had an
Ting Shen/Bloomberg via Getty Images The Consumer Financial Protection Bureau proposed a delay Wednesday to two debt-collection rules issued in the waning days of the Trump administration. Those rules broadly addressed how debt collectors may communicate with and make disclosures to consumers. Kathy Kraninger, the former CFPB head during the Trump administration, said the measures
U.S. consumers spent over $800 billion online last year, a 44 percent increase over 2019. The pandemic-fueled shift to e-commerce was so significant that IBM estimates the trend away from bricks-and-mortar to digital has been accelerated by five years. On top of that, Americans now pay an average of $47 per month for streaming video
Paul McClean of McClean Design has designed some of Southern California’s most spectacular ultramodern mansions, but a new concept for a sprawling oceanfront compound on Hawaii’s Big Island may be the architect’s most ambitious project yet. The sprawling nine-bedroom mansion concept, for which architectural plans have been approved, is part of the latest estate offerings
Many years ago, the preferred way to enroll in Medicare was to visit the local Social Security office. Then came enrolling by phone, adding convenience. Make an appointment and enroll, sitting at your desk or kitchen table. As with everything from registering for classes to buying a car, there is now online enrollment. From its
In this article CCL Travelers trying to board the Carnival Panorama cruise ship for a 7 day trip were met with a delay in Long Beach on Saturday, March 7, 2020. The ship sent a letter to passengers explaining a non specific medical issue is preventing them from disembarking the ship and allowing new passengers
Federal Reserve officials indicated at their last meeting that the pace of asset purchases is unlikely to change anytime soon while the central bank pursues its economic goals. The Federal Open Market Committee on Wednesday released minutes from the March 16-17 meeting as investors looked for indications about where policy may be heading in the
In this article JPM Jamie Dimon, chief executive officer of JPMorgan Chase & Co. Giulia Marchi | Bloomberg | Getty Images Democrats pushing for a repeal of the SALT cap have an unlikely opponent: Jamie Dimon. In his annual shareholder letter, the chairman and CEO of JPMorgan Chase took aim at a host of carve-outs
An illustration of the SpaceMobile satellite constellation. AST SpaceMobile Shares of satellite-to-smartphone broadband company AST SpaceMobile began trading on the Nasdaq on Wednesday, with the company the first among a flurry of recent space companies to close its SPAC deal. AST SpaceMobile trades under the ticker ASTS, with shares previously listed under the SPAC New
Win McNamee | Getty Images News | Getty Images Taxes on retirement savings are inevitable — it’s really a question of now or later. President Joe Biden’s tax plan may make it better to pay Uncle Sam now. Taxpayers can do that by saving in a Roth account or converting a traditional, pre-tax account to