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DoorDash, Airbnb IPOs; BNPL Trends; Pet Fraud Top This Week's News

PYMNTS

In this week's news, we saw two blockbuster IPOs, arguments and stalemates over a new stimulus bill, and new data on consumers' digital shopping trends. Capital One Halts BNPL Transactions On Its Credit Cards. Synctera Brings 'FinTech As A Service' To Community Banks. The FinTech as a Service launched Tuesday (Dec.

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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.

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Investors Say FinTech Valuations Are High, But Not Overheated

PYMNTS

The panel included: Doug Bergeron , managing partner at Hudson Executive Capital ; Ian Drysdale , executive in residence at Great Hill Partners ; Amit Jhawar , venture partner at Accel and Rick Roberts , analyst and portfolio manager at Vulcan Capital. The discussion was part of the ongoing B2B Payments 2021 PYMNTS TV series.

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Step Aside, Millennials — Why Fintechs Are Targeting Baby Boomers & Retirees

CB Insights

Fintech is often associated with digital tools targeted at tech-savvy millennials. But there is a growing market of fintech companies serving the unique financial needs of Baby Boomers and older retirees — and for good reason. Fintech services for seniors are targeting a range of sub-categories. Source: Capital One.

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Challenger Banks Raise Record Funds To Take On Traditional FIs

PYMNTS

Challenger banks have raised $100 million worldwide in the second quarter and are the fastest-growing FinTechs, Lindsay Davis, a senior intelligence analyst at CB Insights, told the FT. . They’re also coming into wealth for the first time,” she said, regarding millennials. . banking startups hold bank charters, the U.S.

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Robinhood Nets $280 Million On A $8.3B Valuation

PYMNTS

Robinhood Markets, coming off a new $280 million funding round backed by Sequoia Capital, has seen its value and services expand during the coronavirus pandemic, according to a Reuters report. FinTech startups like Robinhood have been popular lately, attracting numerous new backers. The company, launched in 2013, is now valued at $8.3

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Millennials Are Driving One Of The Biggest Trends In Wealth Tech

CB Insights

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. Using CB Insights’ trends tool, we see that the term impact investing has been on the rise in the media for the past few years. What’s at stake? Wealth Tech.