Maki_shmaki | Istock | Getty ImagesConsider this a public service announcement for all treasure hunters: Uncle Sam wants a piece of your loot.Someone who makes a valuable discovery — whether gold coins, meteorites or even cash — generally owes tax on that haul, which is known as "found" property.The...
Credit scores are key pillars defining an individual's financial stability in the complicated world of finance, where lending and borrowing weave the threads of economic progress. Whether you're asking for a mortgage, a car loan, or a new credit card, your credit score is a major factor in these financing decisions. ...
After the Amsterdam-listed payment company, Adyen (EURONEXT: ADYEN) published financial results last week that disappointed investor expectations, its stock took a significant hit. The depreciation was so severe that the fintech's valuation shrank $20 billion in just one day. In the new week, the declines continue, with share prices falling back to the pandemic...
Zanifu, a Kenyan fintech providing inventory financing to micro, small and medium-sized businesses, has raised $11.2 million in debt-equity funding in a pre-Series A round led by Beyond Capital Ventures and Variant Investments. Founders Factory Africa, AAIC Investment, Google Black Founders Fund and existing investor Launch Africa also participated...
Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. There was plenty going on as usual — with fintech investors sounding off, payments companies seeing big stock moves and much more. One other note, you can find Mary Ann on TechCrunch’s Equity podcast,...
Moyo Studio | E+ | Getty ImagesSocial Security benefits provide retirement income for millions of Americans.Because the timing of your claim may impact the size of the benefits you receive, it's a high-stakes decision. And the results may also affect your spouse or dependents.But sifting through Social Security's claiming...
A recent PitchBook study that surveyed founders from top accelerators found that they are generally interested in just three things: Learning how to operate a startup Networking with potential customers Getting warm intros to VCs But now that so many venture capital firms provide these services — along with marketing boot camps, personal...
At the height of the funding boom in 2021, no single sector enjoyed as much VC money as fintech startups did. But in 2023, it appears that fintech companies have to work harder to get funding. Global funding in the space hit a six-year low in the second quarter, according...
After falling sharply last year, retirement account balances are bouncing back in 2023 — but there are still signs of trouble.Helped in part by improved market conditions, retirement account balances increased in the first half of the year. However, the share of participants who tapped hardship withdrawals rose, according...
Simon Potter | Getty ImagesWhen it comes to stocks, investors face a big question: How much exposure is enough?For investors already in retirement, how well they answer that question may have big consequences for how well they reach their goals."About 37% of boomers have more equity than we would...