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Best New Financial Apps 2016, The List

Bank Innovation

Robinhood: On Target Launched in December 2014, Robinhood is a zero-fee stock trading app that quickly gained popularity among financially ambitious millennials. Robinhood was paid the enormous compliment of having “cracked the millennial code” by none other than Jay Sidhu, CEO of Customers Bank and founder of BankMobile.

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Baby Boomers vs. Millennials: Which Generation Has More Entrepreneurs?

PYMNTS

Whether it’s securing the cash through venture capital investments and family or paying down debts to start on the right step, money seems to be the central conduit that makes entrepreneurship world spin around. All of this could likely be contributing to today’s lack of entrepreneurs in the millennial age group.

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Digital Banking Startup Loot Raises $2.9M Series A

Bank Innovation

Another digital banking startup has raised funding this week, this time to expand a current account offering aimed at students and millennials. Loot, a startup begun in 2014 by founder Ollie Purdue — who was finishing up school at the time of the company’s founding — has raised £2.2 million, or about $2.9 million, in […].

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Does Hipmunk’s Demise Signal Larger Changes In Travel?

PYMNTS

As the travel industry shifts into higher digital gear, and increasingly responds to the needs and desires of new consumer groups — millennials and Gen Z among them — some players are getting left behind and making their way into the history books. Back in 2014, Hipmunk said it had raised $20 million in Series C funding.

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From Investing To Budgeting, How Millennials Are Disrupting Personal Finance

CB Insights

While the media often portrays millennials as preoccupied with the rising prices of festival tickets and avocado toast, their real financial concerns are a bit more practical. But millennials face significant headwinds in making those financial dreams a reality. get the REPORT on next generation investors. From big banks to big tech.

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Stock-Trading Platform Robinhood Eyes Banking Services

PYMNTS

Launched in 2014, Robinhood is a minimalist app that lets users set up an an online brokerage account, transfer funds from accounts at major banks (including Chase, Citi and Band of America) and check the prices of their stocks. Jack Randall, a spokesman for Robinhood, declined to comment. In May, the company received a valuation of $5.6

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Amazon Dumps Instacart For Whole Foods Deliveries — What’s Next?

PYMNTS

A growing group of consumers — particularly millennials and other young shoppers — are embracing connected grocery offerings. Since its launch in 2014, Instacart has attracted more than $1.6 billion in capital. Currently, Instacart operates in an estimated 4,000 cites and works with some 300 retailers. households.

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