Forget the piggy bank, Till Financial’s kids’ spend management app gets Gates’ backing
Today’s children and teens want more power and control over their spending.
And while there are a number of financial services and apps out there aimed at helping this demographic save and invest money (Greenlight being among the most popular and well-known), one startup is coming at the space from another angle: helping younger people also better manage their spend.
Till Financial describes itself as a collaborative family financial tool that aims to empower kids to become smarter spenders. The New York-based company’s banking platform is designed to encourage “open and honest” discussions between parents and their kids. And it has just raised $5 million to help it advance on that goal.
Forget the piggy bank, Till Financial s kids spend management app gets Gates backing
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The pandemic s effect on the housing market helped some - but others are left behind
Jacqueline Rabe Thomas and Kasturi Pananjady, ctmirror.org
April 5, 2021
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A real estate sign is seen in front of a house for sale in West Los Angeles on November 19, 2020. (Chris Delmas/AFP/Getty Images/TNS)CHRIS DELMAS / TNS
Last November, Nicolas Rodriguez and his wife Carmen had to scale back their hours at the medical equipment factory where they have worked for 21 years.
He never fully recovered his lung capacity after catching COVID-19 in the fall, and coughing and gasping for breath keeps him up most nights. His wife has been sick for months and needs another surgery on her gallbladder, but the high deductible for her first surgery, along with the mortgage on their Hamden home, drained their savings.
Wells Fargo Investing $50 Million In Black-Owned Banks
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Wells Fargo, which has a vested interest in Black banking institutions, announced it will be investing $50 million into Black-owned Minority Depository Institutions (MDIs).
The following Black-owned banks will receive help from Well Fargo, Carver State Bank in Savannah, Georgia, Citizens Trust Bank in Atlanta, Georgia, First Independence Bank in Detroit, Michigan, Liberty Bank in New Orleans, Louisiana, and Unity National Bank in Houston, Texas, according to the company statement.
“The country’s MDIs are vital to minority communities, but over the last two decades, many have declined or have closed,” Vice-chairman of Public Affairs William Daley said. “The capital investment we are announcing is important, but it’s our relationship approach that will make the difference in their futures. We want to be a partner to these important institutions and, in turn, have a positive effec
Image source: Getty Images
There is a chance that we might see some significant deals take place in the banking sector, and
Toronto-Dominion Bank (TSX:TD)(NYSE:TD) could be right in the middle of it all. The second-largest bank in Canada could seek to fortify its position in the U.S. by ramping up its retail operations in our neighboring country.
The chief executive officer of TD Bank, Bharat Masrani, said that the bank is open to substantial
merger deals and acquisitions in the U.S.
Masrani said that if the bank can find opportunities that fit its criteria, it will consider them seriously. Toronto-Dominion Bank has the kind of capital to make such massive moves.
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