CB Insights
SEPTEMBER 10, 2019
While the media often portrays millennials as preoccupied with the rising prices of festival tickets and avocado toast, their real financial concerns are a bit more practical. But millennials face significant headwinds in making those financial dreams a reality. get the REPORT on next generation investors. From big banks to big tech.
South State Correspondent
AUGUST 16, 2023
Capital rotation is to HELOCs and away from autos. Within autos, the capital rotation is for new cars over used cars. Consumer Credit – Cards There is a shift of capital occurring to the prime tiers of cardholders. Gen Z and Millennials are now using credit on their cards which was not seen before 2020.
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Jeff For Banks
MARCH 20, 2016
After its most recent capital raise in September, SoFi, a marketplace lender that focuses on millennials, has raised nearly $1.5 billion in equity capital since its founding in 2011. billion in equity capital, with a market capitalization close to book value. By comparison, over 100 year old and $7.7
PYMNTS
SEPTEMBER 14, 2016
The rise is the first increase in median income since 2007, the year before the Great Recession started, according to CNNMoney. Millennials don’t seem to be feeling Banana Republic any longer, according to a study by RBC Capital Markets. percent increase from the previous year, according to data released by the U.S.
PYMNTS
MARCH 15, 2017
The deal is one that seeks to bring mobile banking to underbanked consumers and also, in terms of demographics, to millennials. million Series A round of venture funding led by FirstMark Capital with participation from Contour Ventures, Humanity United and Serious Change LP, among others. HowGood Rates Product Sustainability, Sees $4.2M
CB Insights
DECEMBER 7, 2017
Banks have receded from mortgage lending for a host of reasons, principally because the cost of complying with strict regulation from the Consumer Financial Protection Bureau on loan qualification and capital requirements has made the business more expensive. Driver 3: Individuals’ debt burden forces them to find alternative lenders.
PYMNTS
SEPTEMBER 18, 2018
Student debt was at $545 billion at the end of 2007, just ahead of the financial crisis, and now stands at more than $1.5 A survey by the Forum found that about 45 percent of overall respondents – but just 28 percent of millennials – agree with the statement that banks are fair and honest. Behind the Numbers .
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