article thumbnail

‘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. In 2015 — with just 30 employees and three warehouses — Boxed raised $25 million in a Series B round of funding.

article thumbnail

Banks should know these 5 Traits of Millennial business owners

Abrigo

Everywhere you look, it seems, there are articles about Millennials: Millennial workers, Millennial customers, Millennial homeowners, Millennial voters. And banks and credit unions looking to grow business loan portfolios , especially, can benefit from insights into Millennial entrepreneurs.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

SME Optimism Waning In Election Season, Says Capital One

PYMNTS

The latest findings from Capital One’s Spark Business Barometer found a significant decline in small business optimism this year compared to their sentiments this time last year, reports said on Monday (May 2). In 2015, 50 percent of small businesses said current business conditions are “excellent or good.” aren’t really feeling it.

Capital 100
article thumbnail

BJ’s On The Block, Amex’s Millennial Problem And Another Big Breach

PYMNTS

The long-suffering team at American Express has a new headache to handle — losing the love of those millennial customers. Now reports indicate that BJ’s owners, CVC Capital Partners and Leonard Green & Partners, are looking to sell the company for just north of $4 billion. and yes, this looks like card data breach. these days.

article thumbnail

Banking for the Digital Generation: Attracting & Retaining Millennials

NCR

Coming of age during the last recession and being subjected to the barrage of headlines about financial executives misbehaving, many Millennials are distrustful of established financial brands and institutions. are in the bottom 10 of the least loved brands by Millennials. are in the bottom 10 of the least loved brands by Millennials.

article thumbnail

5 Reasons to expand small business lending

Abrigo

In the 2015 Growth Strategy Survey by Bank Director , the most commonly cited areas for growth were Commercial Real Estate Lending, C&I loans, SBA loans, and Construction loans. which means their capital needs fluctuate. This is compounded by the growing trend of Millennial small business owners. Small businesses in the U.S.

Lending 150
article thumbnail

NA-KD, Swedish eCommerce Fashion Outfit, Grabs $45M In Series B

PYMNTS

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., 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.,