Remove Google Remove Lending Remove Millennials
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Xiaomi Partners With FinTechs On India Lending Platform

PYMNTS

The largest smartphone company in India, Xiaomi, has started a credit platform designed to attract young professionals and millennials in the country, according to a report by TechCrunch. It’s also available in the Google Play Store, but it won’t be available to iPhone users. Xiaomi said it offers a “low” interest rate.

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How Small FIs’ SMB Lending Journeys Nudge The US Toward Open Banking

PYMNTS

As Mark Rockefeller, co-founder and chief executive officer of small business lending-as-a-service provider StreetShares , told PYMNTS in a recent interview, that pressure to digitize expands to credit unions and community banks in their SMB lending offerings, too, and do it profitably. “This is an extraordinary thing. .”

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The Coming Millennial FinTech Crisis

PYMNTS

While they enjoy many FinTech innovations, most millennials don’t have a snowball’s chance of earning more than their parents — ever. It’s one thing for the millennial offspring of the billionaire hedge-fund scions to fall short of making a billion because they only manage to pull down $760 million a year. It’s a fact. population.

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Google Pay Co-founders’ Indian Neobank Has Raised $13.2M

PYMNTS

Two co-founders of Google Pay in India have raised $13.2 Sujith Narayanan and Sumit Gwalani, both co-founders of Google Pay India — formerly called Google Tez — said the seed funding brings the neo-bank startup epiFi to a valuation of roughly $50 million.

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Breaking Payments Stereotypes And Finding New Commerce Avenues

PYMNTS

And the conventional wisdom on alternative lending comes in for a gut check as more merchants learn how to reverse the course on subscription churn. Data: $800 billion+: Market cap of Google parent Alphabet. percent: Share of millennials who use mobile apps most frequently for planning in-store purchases.

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Upstart, Millennial Lender, Closes $32M To License Its Tech To Third Parties

PYMNTS

Upstart , an online lending company, just announced its $32 million round of funding. Upstart’s CEO Dave Girouard, who served as the former president of Google Enterprise, discussed the company’s value proposition with TechCrunch and how the company differentiates itself. This brings its total amount raised to $85 million.

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How To Compete With Banks: Start With First Principles

PYMNTS

That finding is also relatively consistent across income and demographic profiles, even for bridge millennials (the largely affluent 30- to 40-year-old crowd) and Gen Z respondents. Bridge millennials are the most likely to play the banking services field, doing business with national banks as well as digital and online banks.

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