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Ex-Uber Exec To File $250M SPAC IPO Backed By Former Google CEO

PYMNTS

2) for DPCM Capital Inc. , Hims , a direct-to-consumer company selling health products targeted at millennials, is using a SPAC to go public , for example. Harris said SPACs have gone from 3 percent to 20 percent of the market during the recent rush in cases. Emil Michael filed an S-1 prospectus on Friday (Oct.

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Best New Financial Apps 2016, The List

Bank Innovation

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.

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Stock-Trading Platform Robinhood Eyes Banking Services

PYMNTS

Sources say Robinhood Markets is in talks with regulators about offering banking services to its more than 4 million users. The app was specifically targeted at millennials — roughly 80 percent of the Robinhood app’s beta testers were under 30 years old, with an average age of 26. In May, the company received a valuation of $5.6

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How Can Banks Thrive in the Next Five Years?

Jeff For Banks

The money market mutual fund became a formidable competitor to the bank account. In Pennsylvania, Rocket has number 1 market share. They are/were the business owners, demanders of capital and loans, and significant depositors. Then came this bubble generation they named millennials. We can ignore millennials no more.'

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SugarMoo And Delivering Dessert On Demand In Dubai

PYMNTS

Realizing the market has not yet come up with a good method to fix the problem, they decide to build their own solution and solve the problem for everyone. And Phillips, on the eve of founding his dessert delivery on-demand business SugarMoo in 2014, had two problems to solve. The products were solid.

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Millennials Are Driving One Of The Biggest Trends In Wealth Tech

CB Insights

Sudden volatility has shaken the markets and the state of wealth management. Millennials stand to inherit approximately $30T from their parents, the baby boomers, in the coming decades, and both upstarts and advisors are vying for a piece of the pie. Further, impact investing is a growing part of the wealth management market.

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FinTech Is Flourishing South Of The Border

PYMNTS

The capital city is Mexico City, which alone is home to almost 9 million. Nearly $120 million has been invested in approximately 300 startups based in Guadalajara since 2014. Mexico’s longstanding business culture resulted in the government investing $658 million to an estimated 620,000 entrepreneurs back in 2014.

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