PYMNTS

JANUARY 16, 2020

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. Domestic and international leisure travelers spent $762 billion in 2018.

Millennials 142

Millennials Meeting Innovation Mobile 142

PYMNTS

DECEMBER 4, 2019

The company, which launched in 2013, attracts millennials interested in trading stocks and cryptocurrency. It quickly expanded to one million subscribers in 2016 and six million by October of 2018. Participating investors included Ribbit Capital, NEA, Sequoia and Thrive Capital. Robinhood was valued at $7.6

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Comparison Capital cryptocurrency Millennials 130

PYMNTS

JANUARY 15, 2018

The leader of the latest capital raise is Partech. The funding will be used for growth initiatives, with an eye on millennials, and a launch of nine new localized sites across the U.S., and select European markets — undertakings that will see hiring accelerate at the company.

Millennials 134

Millennials Branding Capital Report 134

PYMNTS

MAY 29, 2019

The company said it will use the capital to invest in growth and add some muscle to its $2.3 Previous SoFi investors include SoftBank Capital and Peter Thiel. The private capital space has attracted a lot of interest lately: Investments in the area grew to $4.4 billion in 2018, up from under $1 billion in 2013.

San Francisco 116

San Francisco Capital Millennials cryptocurrency 116

PYMNTS

DECEMBER 28, 2018

Charles Dickens’ famous starter to A Tale of Two Cities , as it turns out, is a pretty good way to sum up the year 2018 from the view of the alternative financial services segment. However, as 2018 wore on, headwinds started to blow back on the segment, most especially in the form of rising interest rates.

Millennials 145

Millennials Lending Data System 145

PYMNTS

JANUARY 12, 2020

million in a Seed funding round for its neo-bank epiFi, led by Sequoia India and Ribbit Capital, TechCrunch reported on Sunday (Jan. Also participating in the funding rounds were David Velez, Kunal Shah and VC fund Hillhouse Capital. In 2018, international investors invested a record $9.6 billion into startup lenders.

Google 101

Google Capital Millennials Digital Banking 101

PYMNTS

JULY 22, 2019

Atom, a banking startup in the UK that caters to millennials, has raised £50M ($62.4 The bank targets millennials with its slogan “It’s all about you, you, you,” and with digital friendly options like mobile-first savings accounts, as well as loans for small businesses and mortgages. Musician will.i.am also contributed.

Millennials 108

Millennials Metro blockchain Lending 108

PYMNTS

JULY 22, 2019

Atom, a banking startup in the UK that caters to millennials, has raised £50M ($62.4 The bank targets millennials with its slogan “It’s all about you, you, you,” and with digital friendly options like mobile-first savings accounts, as well as loans for small businesses and mortgages. Musician will.i.am also contributed.

Millennials 100

Millennials Metro blockchain Lending 100

PYMNTS

NOVEMBER 13, 2017

Luckily, research from Bank of America, Wells Fargo, Capital One and others often point to one thing: Despite the challenges, small businesses are optimistic. That doesn’t mean non-millennial entrepreneurs are necessarily struggling, though. billion in working capital is on the books for U.K. Eighty-one percent of U.S.

Taxes 105

Taxes Survey Capital America 105

CB Insights

MARCH 14, 2018

RESEARCH BRIEFING: WEALTH TECH IN 2018. Millennials stand to inherit approximately $30T from their parents, the baby boomers, in the coming decades, and both upstarts and advisors are vying for a piece of the pie. We expect impact investing to be a major trend in 2018. What’s at stake? Wealth Tech.

Millennials 53

Millennials Trends Management Company 53

CB Insights

JULY 25, 2019

Fintech is often associated with digital tools targeted at tech-savvy millennials. Capital One, for example, has partnered with Older Adults Technology Services and the National Council on Aging to create a series of free online courses to educate seniors about digital banking: Ready, Set, Bank. . Source: Capital One.

Millennials 73

Millennials Fintech Tools Fraud 73

PYMNTS

OCTOBER 7, 2019

Half of Affirm’s users are millennials or Gen Z, the company says. Holiday spending by Americans topped $700 million in 2018 and is expected to be higher in 2019, according to the National Retail Federation. “Affirm’s proprietary underwriting model only approves users for what they can responsibly afford,” the release indicates. .

Payments 139

Payments Millennials Retail Cards 139

PYMNTS

JANUARY 21, 2019

Other investors to participate in that round included Sandbridge Capital and Great Hill Partners. A recent report from the CBRE Group found 56 of the largest 100 warehouse leases in the first half of 2018 were with eCommerce firms and third-party logistics providers. FarFetch was able to raise $885 million, reported Reuters.

Online 122

Online Millennials Retail Report 122

PYMNTS

FEBRUARY 27, 2020

The notion that the company would be tapping the markets for capital begs the question: Why? Younger, tech-savvy consumers are embracing the digital route, as half of millennials order more delivery than they did two years ago. Against that backdrop, DoorDash handles roughly 35 percent of all meal deliveries in the U.S.,

Capital 151

Capital Marketing Millennials Taxes 151

PYMNTS

APRIL 23, 2019

Postmates said it’s now available to upwards of 70 percent of households in the country, which is up from 26 percent in the middle of 2018. We weren’t able to spend that much money in 2018 because we weren’t the most capitalized player,” said Postmates CEO Bastian Lehmann, in reference to DoorDash and Uber Eats. “We

Millennials 109

Millennials Capital Company Marketing 109

Accenture

NOVEMBER 28, 2017

With the introduction of the revised payment services directive (PSD2) in January 2018 just around the corner, banks face a new and potentially disruptive era. But in order to capitalize on this in a rapidly changing market landscape, banks need to act now and create their strategy for winning in the era of open banking.

Study 158

Study Millennials Examples Data 158

PYMNTS

FEBRUARY 4, 2020

Among the most disruptive changes introduced in 2016 by the Jumpstart Our Business Startups (JOBS) Act is the opportunity for small, private businesses to raise capital via crowdfunding, adding yet another avenue to capital to the long list of traditional and alternative finance options available to small to medium-sized businesses (SMBs) today.

Lending 131

Lending Capital Strategy Millennials 131

PYMNTS

JUNE 18, 2019

The company was sold to Criterion Capital less than two years after, and the Birches purchased it for $1 million in 2013. Most estimates for 2018 are approximately $900 million. These forms are said to be particularly popular with the up-and-coming Gen Zers demographic, which is starting to nudge millennials out of the headlines.

social media 108

social media Millennials Video Report 108

PYMNTS

JULY 3, 2019

million from investors including Partech, Axeleo Capital, Lafayette Plug and Play and others to further develop its loyalty program integrated into credit or debit cards. Founded in 2018, Joko’s loyalty program already works with dozens of major retailers including McDonald’s, Uber, Starbucks, Zara and more. “As

Cards 135

Cards Fintech Retail User Experience 135

PYMNTS

MAY 28, 2019

The company previously raised $111 million in venture funding from Accel, Bessemer Venture Partners, Square Peg Capital, Qumra Capital and others. billion – of funds were lost to card fraud in 2018, up from $1.4 Smartphones contributed one trillion dollars to overall retail sales in the United States during 2018.

Apple 159

Apple Mobile Fraud Branding 159

PYMNTS

SEPTEMBER 19, 2018

They are increasingly seeing the upper-end of their prime demographic, a group PYMNTS titled bridge millennials. Looking at the data, a significant minority of bridge millennials report Amazon as their preferred shopping destination (19 percent), while a full a 50 percent noted that their preferred commerce experiences are omnichannel.

Millennials 138

Millennials Montana social media Branding 138

PYMNTS

MAY 30, 2019

Several months later, by October 2018, Erica had surpassed 3.5 As of late March, Bank of America reported 6 million Erica users and user growth of 29 percent between late December 2018 and late March 2019. Of users, 15 percent are from Gen Z, 49 percent are millennials, 20 percent are Gen Xers and 16 percent are baby boomers.

America 128

America Millennials Digital Banking Report 128

PYMNTS

DECEMBER 14, 2018

A growing group of consumers — particularly millennials and other young shoppers — are embracing connected grocery offerings. Online and mobile food sales are projected to have a 13 percent annual growth rate in 2018, with digital supermarket sales projected to reach $100 billion by 2025. billion in capital. households.

Retail 197

Retail Millennials Capital Operations 197

PYMNTS

APRIL 30, 2019

In the first quarter of 2018 venture funding going toward FinTechs stood at $6.2 After all, the country has around 500 million millennials and roughly 150 million small and medium-sized businesses. The number of deals did increase to 445 during the time frame, noted the report.

Fintech 176

Fintech Millennials Regional Financial Technology 176

PYMNTS

FEBRUARY 20, 2019

According to Reuters , Lau “said 2018 was the best year for the company in terms of investment” in remarks made at a “closed-door investor conference in Beijing” in January. In 2018, the report said, “a record high of 16 companies it invested in launched” initial public offerings (IPOs). Tencent was part of that action.

Mobile 129

Mobile America Fintech Capital 129

PYMNTS

NOVEMBER 9, 2018

The report, entitled “ Financing Their Future: Veteran Entrepreneurs and Capital Access ,” comes amid other news about the challenges that owners of smaller business have with financing — and payment and financial services firms, along with some banks, stepping up to that business opportunity. Social Capital. SMB Financing Woes.

Capital 152

Capital Report Trends Cards 152

PYMNTS

JANUARY 27, 2020

No doubt millennials will be blamed for some of this, as they have been scapegoated for the decline of diamonds and certain fast-casual restaurant chains. As that reports notes, “Older generations’ basements and attics are full of boxes of ‘stuff’ that was collected in the past.

Video 226

Video Trends New York Report 226

PYMNTS

JULY 7, 2020

That change in consumer behavior had a lot to do with the market crash of 2008 and differing ideas about financial security, especially between ascendant millennials and cohorts with less collective spending clout. It’s even affecting the titans of capitalism. shutdown and trade war with China,” the Tracker states.

Cards 135

Cards Millennials Conference America 135

PYMNTS

NOVEMBER 20, 2019

They also deliver more seamless experiences that consumers — and millennials in particular — have come to expect. million ACH electronic funds transfer (EFT) payments were made from health plans to health providers in 2018 — an 11.5 trillion in 2018, an increase of 80 percent from 2014. .

Payments 111

Payments System Cards Marketing 111

PYMNTS

JULY 14, 2017

It is OK for firms that have seed capital, that anticipate growth in sales that need to support staff and machines and servers … ‘til scale comes into play, and red ink turns black. There’s also Atom (focused on mortgages), Tandem (banking with a focus on millennials) and Starling, with relatively broad service portfolios.

ATM 109

ATM Capital Cards Millennials 109

PYMNTS

FEBRUARY 28, 2018

As we enter 2018, we are working diligently to improve execution with a focus on conversion, gross margin and inventory management,” CEO Robert Niblock said in a statement. housing market and the increasing transition of the millennial generation into home ownership mode. percent, again ahead of the 3.1 tax reform.

Nashville 100

Nashville Tennessee Taxes Course 100

PYMNTS

JANUARY 30, 2020

30) from the Columbia Spectator , which covers news important to students at Columbia University and Barnard College in the global fashion capital of New York City. In 2018 alone fast fashion as a segment of the apparel industry brought in over $35 billion.

Retail 142

Retail New York City New York social media 142

PYMNTS

FEBRUARY 16, 2018

It was, by all accounts, a good year — pushed by a strengthening economy, a warming eCommerce market and and an emerging generation of millennial homeowners suddenly in need of do-it-yourself home improvement supplies. Since it was real estate that had tanked the economy, the market more or less froze solid for all but the well-capitalized.

Retail 101

Retail Training Atlanta Marketing 101

PYMNTS

JUNE 12, 2018

In the early days of online lending, the big appeal was access to funds for potential borrowers with few, if any, options for securing capital. They all had a pretty tough time and took losses a lot more than expected,” said Henry Song, a portfolio manager at Diamond Hill Capital Management Inc.

Lending 116

Lending Security Philadelphia Dallas 116

FICO

DECEMBER 19, 2018

As far as industry predictions go, perhaps surprisingly, one of mine actually came true: “ 2018 will be the beginning of the end for physical credit cards. Capital One’s survey of consumer spending habits found that while a full third of women report they never or rarely carry cash, less than a quarter of men (22 percent) say the same.

Fraud 80

Fraud Payments Mobile Cards 80

PYMNTS

FEBRUARY 20, 2018

“Despite the decline in confidence, consumers’ expectations remain at historically strong levels, suggesting economic growth will continue well into 2018,” she said. percent in 2018 — up from the 4.32 Investors had thought we had turned a corner and that things would be improving in 2018,” said Vincent Caintic, analyst at Stephens. “It

Lending 105

Lending Cards America New York 105

PYMNTS

JULY 1, 2019

Flash forward to 2018, and the brand had successfully made that more consumer-centric push as more millennials discovered the joys of plant ownership. million in venture capital funds The Sill has raised, is to continue to grow out and scale the businesses. And the goal, with the now $7.8

Online 109

Online New York Branding Millennials 109