Remove 2011 Remove Capital Remove Management Remove Millennials
article thumbnail

SoFi Attracts Big Name In Latest Funding Round

PYMNTS

The company said it will use the capital to invest in growth and add some muscle to its $2.3 It has around $12 billion in assets under management. Previous SoFi investors include SoftBank Capital and Peter Thiel. The private capital space has attracted a lot of interest lately: Investments in the area grew to $4.4

article thumbnail

How Can Banks Thrive in the Next Five Years?

Jeff For Banks

My Remarks to Bank Client's Annual Meeting of Shareholders "I want to thank [Chairman] and the Board, [CEO] and the management team for asking me to come out and remark on where I think the banking industry is going over the next five years. They are/were the business owners, demanders of capital and loans, and significant depositors.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Is It Officially Time To Start Worrying About Consumer Credit?

PYMNTS

And now it seems credit cards are coming to the party — Capital One, Synchrony and Discover Financial have all increased their loan-loss provisions and reported increasing delinquencies. Capital One’s first-quarter earnings are a good case in point, as they notched a much higher rate of loss than its management or investors were expecting.

article thumbnail

Don't Bank. SoFi

Jeff For Banks

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

article thumbnail

From Investing To Budgeting, How Millennials Are Disrupting Personal Finance

CB Insights

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. Download the free report to find out how fintech is shaping the future of wealth management and investing. get the REPORT on next generation investors.

article thumbnail

Dear Fintech, Give People Meaningful Experiences, Not Gold Stars

Javelin Strategy & Research

By engaging people in their own self-interest, Moven has successfully applied the “wearable-model” to money management. Unfortunately, a lot of Fintech players and financial institutions have integrated gamification on a very shallow level (this was the word of the year circa 2011 ). Dealing with money is an emotional experience.

Fintech 40
article thumbnail

Walmart’s Been On A Buying Spree. Which Company Could It Acquire Next?

CB Insights

Select investors: General Catalyst, Collaborative Fund, Forerunner Ventures, Mickey Drexler, Gwenyth Paltrow, Burch Creative Capital. Everlane raised seed funding in 2011, but has been revenue-funded since. Select investors: Comcast Ventures, True Ventures, Norwest Venture Partners, First Round Capital. Outdoor Voices.

Company 57