CB Insights

OCTOBER 24, 2018

tranche of Series A funding from Ribbit Capital and Xiaomi Ventures (8/27). Millennials in particular struggle with credit cards — recent studies find that 3 in 5 millennials carry credit card balances month to month, while 45% don’t know the interest rate on their card. India-based ZestMoney raised a $14.7M Top players.

Millennials 65

Millennials Lending Cards Capital 65

PYMNTS

SEPTEMBER 29, 2020

Filipino online payments platform PayMongo raised $12 million in a funding round led by Stripe, and also including existing investors Y Combinator and Global Founders Capital, and new investor Bedrock Capital. Why Millennials And Gen Z Could Save 2020's Holiday Shopping Season. consumers will do.

Payments 148

Payments Apple Survey Seattle 148

PYMNTS

JULY 1, 2019

Not a tremendous sum — but enough seed money (pardon the pun) to get the business up and running as a bootstrapped operation. Flash forward to 2018, and the brand had successfully made that more consumer-centric push as more millennials discovered the joys of plant ownership. And the goal, with the now $7.8

Online 109

Online New York Millennials Branding 109

PYMNTS

OCTOBER 17, 2019

million (€10 million) led by Breega capital, with participation from Speedinvest. “We Lemon Way’s target market is booming: B2C, B2B and financial online marketplaces are emerging all over Europe and are expected to continue their strong growth trajectory,” added George Koulouris, partner at Toscafund. that caters to millennials.

Fintech 100

Fintech Capital Millennials US 100

NCR

JUNE 29, 2016

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.

Millennials 45

Millennials social media User Experience Branding 45

PYMNTS

AUGUST 14, 2017

There seems to be an awful lot of piling on these days on the big online platforms. In 2015, the tech media was gaga over Snap and its ability to corral the so-called most valuable eyeballs in media: the millennial. When Amazon was just about selling books online, its competition was the physical bookstore. Investors put $2.65

Innovation 109

Innovation Online Google Millennials 109

Jeff For Banks

JULY 5, 2022

And products started migrating online. They are/were the business owners, demanders of capital and loans, and significant depositors. Then came this bubble generation they named millennials. Ever call your millennial child only to get a text back asking "what?" Because that is what millennials needed at the time.

Millennials 78

Millennials Community Pennsylvania Community Bank 78

PYMNTS

NOVEMBER 16, 2017

Membership could be obtained by spending five dollars on a share of capital stock. It operated out of its first volunteer president’s home for its first five years before moving to a rented office in 1913, later relocating to its own building in 1930. From Mill Workers to Millennials. Mary’s Bank,” as it is currently known.

Millennials 101

Millennials US New Hampshire Resources 101

Bank Innovation

MAY 1, 2016

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.

Millennials 240

Millennials social media Operations Cards 240

PYMNTS

JUNE 21, 2018

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. Right now, though, the service is only available in five states. In May, the company received a valuation of $5.6

Regulation 123

Regulation Millennials California Capital 123

PYMNTS

DECEMBER 14, 2018

That wasn’t perhaps the most surprising news, given how Amazon keeps taking control of more logistical and delivery operations — an effort that many observers expect will eventually include the eCommerce operator competing head-to-head with UPS and FedEx. billion in capital. That’s one take on the news Thursday (Dec. households.

Retail 197

Retail Millennials Capital Operations 197

PYMNTS

JUNE 13, 2017

And though its mailing address will be in Salt Lake city, SoFi will continue to operate as it has since its inception — as an online-only institution, with no branches or deposit-taking ATMs. Officially SoFi is looking for an industrial loan charter under the name SoFi Bank in Utah.

FDIC 100

FDIC Utah Millennials ATM 100

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. Then it reportedly pivoted again into the organization and operation of streaming tournaments. Through its last pivot, the company attempted streaming services for players of eSports.

social media 108

social media Millennials Video Report 108

PYMNTS

MAY 6, 2016

Earlier in the week, we reported on the bust that is B2B venture capital this week. For a lot of consumer startups, it’s not always obvious how you are going to monetize, and there is a lot of competition for eyeballs,” explained 500 Startups venture capital lead Dave McClure in an interview last month with Reuters. “For Accounting.

Fintech 100

Fintech San Francisco Capital Big Data 100

PYMNTS

AUGUST 17, 2017

With more consumers moving to mobile transactions over visits to branches, some banks are considering closing brick-and-mortar locations to reduce operational costs. The price of real estate is prompting even the largest players in the banking world to scale back their branch operations. Staying on Top of Customer Expectations.

Millennials 132

Millennials Digital Banking San Francisco Fintech 132

PYMNTS

OCTOBER 21, 2019

21), the latest commerce operator to be on the verge of extinction in this age of digital and mobile. According to CNBC , the retailer is “buckling under the weight of an onerous debt load and struggling to compete with better capitalized competition.” Retail chain Destination Maternity reportedly filed for bankruptcy on Monday (Oct.

Trends 101

Trends Retail social media Online 101

PYMNTS

NOVEMBER 5, 2019

Wainwright noted that the first step in automating its inbound operations involved pricing. While the company made much progress on pricing automation , Wainwright noted that it also exercises human oversight to ensure that it capitalizes on market opportunities. She also noted that a core value of the company is sustainability.

Millennials 101

Millennials Retail Exercises Branding 101

PYMNTS

AUGUST 15, 2017

The growing popularity of mobile order-ahead is hardly news in the restaurant industry, where customers — especially millennials — crave the convenience, speed and personalization of a mobile ordering experience both in quick-service restaurants (QSRs), coffee shops and fast-casual dining environments.

Mobile 193

Mobile Millennials Survey Technology 193

Bank Innovation

JUNE 28, 2018

Bento for Business wants to provide its customers with money management tools combined with banking solutions, similar to the personal financial management app for millennials, MoneyLion, according to company CEO Farhan Ahmad. For the task, San Francisco-based Bento raised $9 million in a new round of funding today.

San Francisco 170

San Francisco Millennials Tools Management 170

Accenture

SEPTEMBER 22, 2019

An obvious reason is the inroads they’re making into the market, both domestically and globally: recent Accenture research finds that digital-only banks operating in the UK could amass a total of 35 million customers globally within the next 12 months, up from 13 million today. Why the intense interest in the neo-challengers?

Innovation 150

Innovation Metro Apple Marketing 150

PYMNTS

MAY 28, 2019

With abundant choices in many aspects of their lives, consumers expect a range of options when it comes to online shopping, ranging from picking out clothes to making travel plans. million buyers who operate in industries such as website development, logo design and blog writing. By 2021, close to 90 million – or 86.5 billion in 2017.

Apple 159

Apple Mobile Fraud Branding 159

PYMNTS

JANUARY 22, 2020

Function shoppers complete online surveys – a basic part of the DTC website experience these days. Sure, other DTC operators turn to such tactics as pop-up shops or wholesale relationships with brick-and-mortar operators, but as Dossa explained, his company’s customized products and core value are not well-suited to physical retail. “We

Los Angeles 131

Los Angeles Analytics Retail Survey 131

PYMNTS

OCTOBER 15, 2018

Kitchen United CEO Jim Collins told Karen Webster that, as the owner-operator of Montrose Town Kitchen & Grill in California, he had a front-row seat to this a few years ago when the Postmates delivery people first started showing up at his door. The New Journey. They go to find out about the restaurant.

Millennials 145

Millennials Branding Online Retail 145

PYMNTS

JUNE 7, 2018

Bancard’s President and CEO, Tina Giorgio, also came up in community banking , particularly in operations, Rainey noted — which has been critical in developing and rolling out products to their partners’ banks. Rainey noted that the future of community banking is not so much about what as it is about who — millennials , to be exact.

Community Bank 157

Community Bank Community Millennials Regulation 157

PYMNTS

FEBRUARY 20, 2019

And both of those big firms have a stake in China International Capital Corp. A look at Tencent’s recent investment activity tells a story about the modern state of eCommerce and the digital economy, and about the demands of online consumers across the world. billion in capital via 924 funding rounds last year.

Mobile 129

Mobile America Fintech Capital 129

Gonzobanker

AUGUST 10, 2023

This summer in strategic planning meetings across the country, bankers will need to deal with some critical realities: Reality #1: There’s no turning back from the hybrid workplace According to Build Remote, 77% of the Fortune 100 companies are operated under a hybrid working model.

Leadership 140

Leadership Training Meeting Michigan 140

PYMNTS

SEPTEMBER 6, 2019

There are worse ways to start a business than what happened when John Tabis was getting direct-to-consumer and subscription flower operation The Bouqs off the ground. That contrasts with the standard model of taking an online order and them routing it to the nearest local florist. “We Eventually, this will be a table stakes factor.

Millennials 108

Millennials Course Industry Operations 108

PYMNTS

AUGUST 1, 2019

I really think the genesis of that is coming from millennials. And millennials are a very interesting group to watch. Hotel Hive is housed in an early 20th century building famous for two things before being home to a new lodging concept in the nation’s capital. And candidly, they’re right,” Jim Abdo told The Washington Post.

Washington 109

Washington New York Millennials United States 109

PYMNTS

DECEMBER 28, 2018

These secretly vulnerable consumers, Webster noted, often use debt to make ends meet, either on credit cards or through alternative vehicles like online lenders. As millennials grew up and entered their 30s, the adults they became weren’t quite the people forecasted by analysts, according to the PYMNTS Connected Consumer Report.

Millennials 145

Millennials Lending System Data 145

PYMNTS

JANUARY 15, 2019

30 kickoff in Atlanta will include access to experts from Visa and entrepreneurs operating both nationally and globally. An inaugural Jan. Notably, at the Atlanta event, participants from Visa, Square and Yelp will participate in the workshops. India and Mexico.

Atlanta 189

Atlanta New York social media Community 189

CB Insights

DECEMBER 10, 2020

The pandemic has also accelerated recent trends in banking, especially among the millennial demographic, which tends to favor digital banking and online brands over traditional banks. Sales and trading operations within banks can be lucrative. Bank of America, for one, saw profits drop 16% year-over-year (YoY) in Q3’20 to $4.9B.

America 101

America Lending Cards San Francisco 101

PYMNTS

SEPTEMBER 16, 2016

The capital city is Mexico City, which alone is home to almost 9 million. The nation’s capital is also one of the world’s largest cities. Everyone is talking about FinTech,” René Lomelî, operations director for 500 Startups , told Mexico IT. Companies are teaming up to bring Internet of Things coverage to the capital city.

Fintech 100

Fintech Capital Millennials Mobile 100

PYMNTS

JULY 25, 2017

And that, Passione said, is an opportunity for lenders who, in the years since the Great Depression, have found themselves struggling to build relationships with millennial consumers and who have taken a sort of “chilly” outlook toward traditional financial institutions (FIs). New Financing — New Growth.

Lending 100

Lending Community Bank Millennials Community 100

PYMNTS

MARCH 15, 2018

When Toys R Us first announced its bankruptcy a little under six months ago, it was with an almost upbeat tone: The move would allow the firm to refashion both its capital and operating structures and hit a reset on the business. Boomers vs. Millennials vs. Scammers . The Retail Death Spiral . It even managed to garner a $3.1

Payments 108

Payments Millennials US Fraud 108

CB Insights

JUNE 3, 2020

Wealth & Capital Markets. This shift is driving transaction volume to the payments companies behind online retailers and taking market share away from those serving physical retailers. This displacement is happening for both consumers and merchants, as merchants begin to turn to online B2B marketplaces for procurement and supplies.

Lending 75

Lending Capital Online Marketing 75

PYMNTS

DECEMBER 30, 2020

Robinhood offers an easy-to-use app to trade stocks commission-free, making the company popular with millennials. In addition to operating some 1,500 U.S. Petco said the upgrades include a focus on curbside pickup, same-day delivery, online appointment booking for veterinary care and more. Petco also cut its net losses to $24.8

Marketing 198

Marketing Company Online Management 198

PYMNTS

NOVEMBER 20, 2019

They also deliver more seamless experiences that consumers — and millennials in particular — have come to expect. Real-time payments could result in more efficient payment operations that improve payer-to-provider flows by quickly issuing disbursements from payers to healthcare providers. A Prescription For More Efficient Payouts.

Payments 111

Payments System Cards Marketing 111