Remove Capital Remove Marketing Remove Millennials
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Millennial-Focused Digital Bank Empower Finance Raises $20M

PYMNTS

San Francisco-based Empower Finance, a mobile banking app aimed at helping millennials save wealth, has raised $20 million in a Series A funding round led by Defy Ventures and Icon Ventures, according to a report. The company, which was founded in 2017, is run by a former Sequoia Capital partner named Warren Hogarth.

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Capital One Joins Effort to Educate Seniors About Online Banking

Bank Innovation

Banks only care about millennials, right? Not really, though marketing about digital efforts may make it appear that way.

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‘Costco For Millennials’ Attracts Big Investors

PYMNTS

A popular eCommerce retailer, which has been called the “Costco for millennials,” is attracting potential investors, according to The New York Post. The four-year-old online startup has also reportedly advanced negotiations with supermarket retailer Kroger, which is struggling to compete with Amazon now that it owns Whole Foods Market.

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Wall Street Investors Place Their Bets On Millennials

PYMNTS

When it comes to stock market picks, Wall Street investors are placing their bets on the buying power of the millennial generation. billion Long Pond Capital hedge fund, pitched U.S. Horton, which he believes should get a boost as more millennials become first-time homebuyers. homebuilder D.R. In fact, D.R.

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Target Pilots Buy Now Pay Later With Sezzle

PYMNTS

Sezzle says it plans to issue an update to the market when the pilot concludes, though when that will happen is still unknown, the release says. Meanwhile, millennials and Gen-Z spent 44 percent and 72 percent more on orders if BNPL was available as an option, the Tracker says.

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Baby Boomers Vs. Millennials: Home Renovations Edition

PYMNTS

Since seemingly most people aren’t in a position to build a house from the ground up, which would be ideal, it’s reasonable to suggest that the home improvement market is a huge money-making industry. As we reported back in February, millennials are saddled with much more debt than baby boomers were at the same age.

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Millennials Give Banana Republic A Big Thumbs-Down

PYMNTS

Plagued for the last several years by complaints about clunky styling, the latest RBC Capital Markets survey indicates that Banana Republic’s data would best be represented by the sound of 505 young women vomiting. We think repairing Banana Republic will be a longer battle,” wrote RBC Capital Markets Analyst Brian Tunick.