Tech startup NerdWallet raises $64m in first funding round

Funding exceeded the companys expectations.

Personal financing startup NerdWallet has raised $64m in its first round of funding, with the company looking to use the money to expand its business which helps consumers make money decisions.

The company also managed to raise $36m through a revolving loan facility with Silicon Valley Bank.

According to reports, the funding came from angel investors from the financial technology sector and was led by Institutional Venture Partners, along with RRE Ventures and iGlobe Partners.

NerdWallet helps its customers select the best life insurance plans, and helps them make financial decisions during major life events.

However,...

May 14, 2015

Merchant Cash Advance Gives L.A. Bar Breathing Room

This type of deal is called a merchant cash advance. Technically, the business receiving the money isn’t taking out a loan; rather, it’s selling a portion of its future credit card receivables. AmeriMerchant is one of the pioneers of this kind of small business financing.

One thing a small-business owner considering such a deal should understand is that merchant cash advances are typically more expensive than traditional business loans. So it’s a trade-off: You get the money faster, but you pay more for that cash. Still, this and other types of alternative small business financing have steadily become more popular.

Quick access to capital

About eight...

May 14, 2015

Money Saving Week activites for kids


Money Saving Week activites for kids

May 13, 2015

Household debt – can we be at 54%?

BEING a teenager, my granddaughter started to pick up interest on how the economy works, what are the real assets and liabilities in ones financial planning. As the topic itself can be slightly dry, I made an attempt to discuss it in a way that was easier for her to digest.

Our national household debt to GDP ratio edged up to 87.9% last year. Is the number alarming? she asked one day.

It depends. We have good debts and bad debts in life. For example, 10 years later, our new cars may have depreciated more than 80% and our new clothes would have been worn out. Those are liabilities. On the other hand, houses are assets as they will appreciate in the long run. Debts which are backed...

May 13, 2015

Down to the Wire: FC Council Will Raise Tax Rate 1¢ or Cut Schools

I also learned something while listening to the discussion about the school bus. Something we can all use in our personal financing. If you want a new car and you are married just move the expense over to your spouse (and suggest financing it over five years) and that will be a savings for you! It will save you the cost of your car.

May 13, 2015

On Deck Capital Lifted to Hold at Zacks (ONDK)

Zacks upgraded shares of On Deck Capital (NASDAQ:ONDK) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning.

Zacks analyst wrote, On Deck Capital, Inc. is an on-line platform that uses a big data, analytic model to source, underwrite, and fund loans to small businesses. The Company offers online tools and resources including data aggregation and electronic payment technology, and to evaluate the health of small businesses. Its small business loans include dental loans, restaurant loans, medical financing, restaurant financing, fast small business loans, fast small business financing, online small business loans, online applications for small...

May 12, 2015

topcreditcardprocessors.com Selects Merchants Advance Network as the Best …

NAPLES, FL–(Marketwired – May 04, 2015) – topcreditcardprocessors.com, the independent authority on merchant services, has named Merchants Advance Network the best merchant cash advance service for May 2015. Each month the independent research team at topcreditcardprocessors.com investigates thousands of services to uncover which services produce the strongest solutions. The recommendations are updated on a monthly basis to account for the latest achievements within the credit card processing industry.

The process for evaluating and awarding the top services offering merchant cash advance solutions involves a rigorous investigation of their essential strengths. The five...

May 12, 2015

Retail banking landscape in the UAE: Looking ahead

If the 2014 financial results are the litmus test for the overall health of the UAE banking industry, then we have a unanimous verdict. It was a bumper year. Most banks have shed the baggage, financial and emotional, from the last economic downturn. Today, the industry can boast of having spent the last couple of years on an aggressive growth trajectory.

In 2013 and 2014 retail financing/loans grew at over 15 per cent a year. Spend volumes on cards have doubled over the past three years. Thats a stellar performance by any standard. While stability in overseas markets helped, the global recovery is just part of the comeback story. There are a number of local factors that have accelerated...

May 12, 2015

ABA TECHSHOW 2015: Money Saving Tips & Tricks in Microsoft Office

Legal Talk Network producer Laurence Colletti and New Solo host Adriana Linares conduct separate interviews with Ivan Hemmans, Barron Henley, and Dan Pinnington about their speeches on using Microsoft Office properly in your law firm. Hemmans focuses on the basics of Outlook, Ribbon, Calendar, and Search. Henley talks about how to save time utilizing advanced features in Word while Dan Pinnington gives tips on how to save time and be more efficient in your law practice using Excel.

Ivan Hemmans is the Manager of Technology Development and Communications at O’Melveny amp; Myers LLP.

Barron Henley is a lawyer and partner with Affinity Consulting Group and often speaks on law practice...

May 11, 2015

Saving Time (And Money) With Just My Smartphone

The older I get, the more important streamlining my life becomes. And now, as I look down the barrel of 40, preparing for my financial future has also become a rather pressing concern. While Ive never exactly been a financial wizard, Ive likewise managed to avoid many of the pitfalls that so often lead to financial ruin. Still, the idea of actively monitoring and cultivating my financesas opposed to passively observing themseemed more than a little daunting.

Thankfully, I was able to use my most powerful and convenient tool, my trusty...

May 11, 2015

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