Latest news with #MoneyLion
National Post
28-07-2025
- Business
- National Post
Accidental Shoutout from MrBeast Sends Traffic Surge to Moneyline.com
Article content DUBAI, United Arab Emirates — In a twist of internet fate, a new sports information portal, saw a massive traffic surge after being unintentionally name-dropped in recent MrBeast videos. Article content On December 19, 2024, traffic to the site skyrocketed from an average of 40–60 daily visitors to nearly 3,000 in a single day, all without a single dollar spent on advertising. The unexpected influx puzzled the team behind currently in public beta, until they traced the source to MrBeast's YouTube video titled 'Beast Games', where at the 15:40 mark, the YouTube megastar clearly says ' while referencing his actual sponsor, Article content Article content While is unrelated to the financial services brand, the similarity in names led thousands of viewers to type in the wrong URL, sending over 55,000 unique visits and more than 1,000 user signups to the sports prediction platform. Article content allows sports fans to make predictions on major sporting events, with future plans to enable top pickers to monetize their insights by selling picks to other users. The platform does not offer real-money betting but links to licensed sportsbooks. Article content 'This was an unexpected but exciting moment for us,' said the team behind 'We've been developing this for over two years and just launched in beta with friends and family. The MrBeast mispronunciation gave us valuable traffic insights and early user feedback, all before our official marketing push.' Article content With beta testing nearly complete, is preparing to launch new features soon; this time, intentionally attracting attention. Article content Article content Article content Article content Article content
Yahoo
24-07-2025
- Business
- Yahoo
EWA providers fight NY over court venue
This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Dive Brief: Earned wage access providers DailyPay and MoneyLion Technologies are battling New York's attorney general over whether complaints the state filed against them should be heard in state or federal court. DailyPay sought to shift the lawsuit filed by Attorney General Letitia James to U.S. District Court on April 25, less than two weeks after the AG's office filed it in state court. MoneyLion, the defendant in a separate New York case with similar claims, followed that same path on May 15. U.S. District Judge John Koeltl in New York City canceled a July 31 court hearing in a related case, in which DailyPay sued the New York AG, according to court filings. The EWA provider sued April 7 seeking a declaratory judgment that its services don't constitute lending and that it hasn't violated the Consumer Financial Protection Act or New York state laws. Dive Insight: The issue of venue has stayed the state's response to DailyPay's complaint. New York has two weeks to respond once the federal court decides where the state's complaints should be heard, according to federal court filings. DailyPay and MoneyLion argued that New York's use of the federal Consumer Financial Protection Act for claims of deceptive and abusive conduct against consumers implicates multiple federal questions. New York-based DailyPay said that the state's 'demand for federally-created remedies that are unavailable under New York law — namely civil penalties and costs under the CFPA — necessarily raises substantial and disputed federal questions.' In its removal filing, lawyers for New York-based MoneyLion said that the New York AG 'appears to be the first agency, federal or state, to bring actions seeking to apply the CFPA to an EWA product. MoneyLion is unaware of any judicial decision addressing the application of the CFPA to EWA products.' However, removing the DailyPay case to federal court 'will deprive New York courts of their proper role in interpreting and applying New York law to ongoing evasion by an emerging, exploitative industry in favor of a federal forum for which Congress expressed no preference,' the Attorney General's office wrote in a June 23 filing seeking to have its DailyPay case returned to New York court. The AG also argued that Congress intended the 2010 consumer financial law to be enforced by attorneys general in state courts. Providers of EWA services, also known as on-demand pay services, have proliferated in recent years to extend services by which workers, mainly hourly employees, can tap their earned pay before a scheduled payday. The New York AG's complaints allege that both companies made 'illegal, high-interest loans' with fees that 'amount to outrageous annual interest rates in the triple digits.' New York alleges that the companies practices 'constitute illegal and deceptive conduct and abusive lending practices' that violate the state's usury laws. In its lawsuit, DailyPay said the state's 'alleged violations all depend on the OAG's flawed assumption that DailyPay's (on-demand pay) product is a loan,' noting that it doesn't require repayment from workers, charges interest or checks workers' creditworthiness. Recommended Reading NY AG alleges two wage access providers made illegal loans Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
More Than One-Third of Americans Are Skipping a Summer Vacation This Year — Should You?
Many Americans are putting the brakes on summer vacation this year amid a mix of troubling financial news, ranging from recession fears and stock market volatility to rising consumer prices. Trending Now: Read Next: More than one-third (38.6%) of Americans surveyed by finance app MoneyLion say they're not taking a vacation at all this summer. Similar results were unveiled in a recent survey from Deloitte, which found that 43% of travelers are not traveling this summer — up slightly from 42% in 2024. Find out below what's driving this decision and whether you should skip a summer vacation, as well. Also, if you do decide to travel, here are some ways to make summer travel more affordable. Financial concerns are driving the decision to skip summer vacation this year. According to MoneyLion, 'essentials and experiences are in — lavish trips and impulse buys, not so much.' Below are some of the survey findings in terms of what Americans are spending money on when they do open their wallets. Bills and basics: 40.2% of respondents Travel and getaways: 28.2% of respondents Food and BBQs: 21.2% of respondents When it comes to which expenses Americans plan to cut back on, below were the two leading areas. Shopping: 30.8% of respondents General spending: 27.6% of respondents Discover Next: Deciding whether you should skip summer vacation this year depends on a variety of factors, including your financial situation, job status and family size. But no matter your personal situation, you're probably seeing a rise in prices across several different categories. Overall inflation in April rose 0.2% from the previous month and 2.3% from the previous year, according to data from the U.S. Bureau of Labor Statistics. Food prices across all categories climbed 2.8% year-over-year, while shelter prices increased 4%. There is some good news for travelers, however — including lower gasoline prices. The average national price for gas was $3.174 a gallon as of May 27, according to AAA. That was slightly higher than a month earlier but well down from $3.591 the prior year. Prices in other travel categories have declined as well, according to the U.S. Travel Association. It found that average airline fares in April fell 7.9% from the previous year, while average hotel or motel prices decreased 2.4%. More From GOBankingRates 5 Types of Cars Retirees Should Stay Away From Buying How Much Money Is Needed To Be Considered Middle Class in Every State? This article originally appeared on More Than One-Third of Americans Are Skipping a Summer Vacation This Year — Should You? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
28-05-2025
- Business
- Business Wire
Chalk Raises $50M Series A to Power AI Inference
SAN FRANCISCO--(BUSINESS WIRE)--Chalk, the data platform for AI inference, announced today that it has raised a $50 million Series A at a $500 million valuation. The round was led by Felicis with participation from Triatomic Capital and existing investors General Catalyst, Unusual Ventures, and Xfund. Aydin Senkut, Founder and Managing Partner at Felicis, will join Chalk's board. The capital will be used to accelerate development of Chalk's platform, onboard new customers, and grow its engineering and go-to-market hubs in San Francisco and New York. 'Chalk helps us deliver financial products that are more responsive, more personalized, and more secure for millions of users. It's a direct line from infrastructure to impact,' said Meng Xin Loh, Senior Technical Product Manager, MoneyLion. Share As AI adoption accelerates, compute is shifting from training to inference to improve predictions, transform customer experiences, and reduce costs. Existing solutions like Databricks and Snowflake solve training data pipelines, and feature stores provide low-latency access to pre-computed data. But these incumbents don't provide a solution for applications that require fresh data, with complex computation, at inference time. Chalk fills a critical gap in the market – inference data pipelines. Chalk's real-time data platform enables customers to make predictions with fresh data at inference time to prevent identity theft, issue instant loans, increase clean energy efficiency, and moderate harmful content. Senkut shared, 'Chalk is poised to become the Databricks of the AI era. It's one of the fastest-growing data companies we've ever seen. The team has fundamentally redefined how data moves through the AI stack, a crucial advancement for chain-of-reasoning models. What's even more remarkable is Chalk's ability to deliver 5-millisecond data pipelines at massive scale - something that, until now, was considered out of reach. We couldn't be more excited to partner with Marc, Elliot, and Andy, who are all repeat technical founders passionate about building infrastructure that delivers an incredible developer experience.' Marc Freed-Finnegan, Chalk Co-Founder and CEO, added, 'We feel incredibly fortunate to have Aydin and Felicis as our partners for the next phase of our growth. We have a shared vision of the future, and we're honored to be part of the cohort of companies they have invested in.' Chalk powers real-time ML across industries including fintech, identity, healthcare, and e-commerce. Companies like Whatnot, Found, Medely, and Iwoca use Chalk as a core infrastructure layer across their business. 'Chalk helps us deliver financial products that are more responsive, more personalized, and more secure for millions of users. It's a direct line from infrastructure to impact,' said Meng Xin Loh, Senior Technical Product Manager, MoneyLion. Chalk has become critical infrastructure for its customers by enabling teams to rapidly operationalize machine learning and AI. At its core, Chalk's Compute Engine empowers teams to write features in pure Python, automatically translating them into high-performance C++ and Rust pipelines to deliver real-time data without complex ETL. Additionally, Chalk's LLM Toolchain unifies structured and unstructured data, offering native vector storage, automated evaluations, and seamless integrations with major LLM providers. Rahul Madduluri, CTO at Doppel, said, "Chalk powers our LLM pipeline, turning complex inputs — HTML, URLs, screenshots — into structured, auditable features. It lets us serve lightweight heuristics up front and rich LLM reasoning deeper in the stack, so we detect threats others miss without compromising speed or precision.' Chalk was co-founded by Freed-Finnegan, Elliot Marx, and Andrew Moreland — veterans of fintech and data infrastructure. After meeting at Stanford, Marx and Moreland solved large-scale data problems at Affirm and Palantir before co-founding Haven Money, acquired by Credit Karma. Before Chalk, Freed-Finnegan helped launch Google Wallet and started Index, acquired by Stripe (it's now called Stripe Terminal). Across these ventures, the team saw how real-time data pipelines enabled entirely new product categories and business models. Fast forward to today — real-time decisions at inference are essential for all modern applications, and Chalk makes that possible. About Chalk Chalk is the data platform for inference, providing critical infrastructure that empowers teams to rapidly operationalize machine learning and AI. The developer-friendly platform consists of a Compute Engine that automatically compiles features into high-performance Rust pipelines without complex ETL, and an LLM Toolchain that seamlessly unifies structured and unstructured data. Chalk powers real-time, low-latency machine learning for the world's leading companies, enabling instant loans, fraud prevention, personalized recommendations, and even clean energy optimization. Founded in 2022 and headquartered in San Francisco, Chalk has raised over $60M from Felicis, General Catalyst, Triatomic Capital, Unusual Ventures, and Xfund. To learn more about Chalk, visit
Yahoo
15-05-2025
- Business
- Yahoo
Gen Announces Board Transitions, Welcomes John Chrystal as Peter Feld Departs
TEMPE, Ariz. and PRAGUE, May 15, 2025 /PRNewswire/ -- Gen Digital Inc. (NASDAQ: GEN), a global leader dedicated to powering Digital Freedom, today announced the departure of Peter Feld from its Board of Directors, following his impactful tenure that began in 2018. With this departure, Gen welcomes John Chrystal, former member of MoneyLion's Board of Directors, who joins the Gen Board as the Company accelerates its innovation and focus on financial wellness. Peter Feld has been an extraordinary force behind Gen's evolution. Joining the board of Symantec in 2018, Peter played an integral role in transforming the Company. His leadership was instrumental in the creation of NortonLifeLock, the subsequent merger with Avast, and the birth of Gen as a global consumer Cyber Safety brand and category leader. "Peter has been a crucial partner and an invaluable asset to Gen," said Frank Dangeard, Chair of Gen's Board of Directors. "His vision and commitment have been central to shaping our strategy and setting the foundation for our growth. His legacy will always remain a part of Gen's DNA as we look toward a future of empowering every individual to live their digital life confidently and securely. On behalf of the entire team, I want to extend my deepest gratitude to Peter for his contributions." Peter Feld said, "After serving for six years, it is time for me to step down from the Board. It has been an incredible journey, and I am thankful to Vincent, the entire management team, and the Board of Directors for their commitment to Gen and hard work towards delivering results and value creation. Gen is extremely well-positioned for the future with a strong foundation and exciting new growth prospects through its evolution into financial wellness. I look forward to watching the company continue to thrive." Gen also introduces John Chrystal to its Board of Directors. With extensive expertise in fintech and financial innovation, John's leadership comes at a pivotal time following Gen's acquisition of MoneyLion, where he served as Chair of the Board of Directors. His appointment signals Gen's deepening commitment to expanding its portfolio in financial wellness, enabling consumers to safeguard both their digital lives and their financial future. John's experience will directly contribute to Gen's renewed mission, extending beyond Cyber Safety, to include financial wellbeing. John Chrystal adds, "I am excited and humbled to join the extraordinary management and Board team at Gen. I look forward to all the ways I can contribute to the company as it pursues its important mission. In today's world, trust-based solutions for digital and financial wellness are incredibly important. I look forward to aiding consumers as they strive to make the best financial choices possible, all while safeguarding their financial and digital future." With these transitions, Gen stands at the forefront of industry innovation, laser-focused on delivering unparalleled value to consumers across its family of trusted brands. About Gen Gen (NASDAQ: GEN) is a global company dedicated to powering Digital Freedom through its trusted consumer brands including Norton, Avast, LifeLock, MoneyLion and more. The Gen family of consumer brands is rooted in providing financial empowerment and cyber safety for the first digital generations. Today, Gen empowers people to live their digital lives safely, privately and confidently for generations to come. Gen brings award-winning products and services in cybersecurity, online privacy, identity protection and financial wellness to nearly 500 million users in more than 150 countries. Learn more at CONTACTS Investor Contact Jason StarrMedia Contact Jess Monney GenGen IR@ View original content to download multimedia: SOURCE Gen Digital Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
