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Wall Street Investors Place Their Bets On Millennials

PYMNTS

When it comes to stock market picks, Wall Street investors are placing their bets on the buying power of the millennial generation. billion Long Pond Capital hedge fund, pitched U.S. Horton, which he believes should get a boost as more millennials become first-time homebuyers. homebuilder D.R. In fact, D.R.

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‘Costco For Millennials’ Attracts Big Investors

PYMNTS

A popular eCommerce retailer, which has been called the “Costco for millennials,” is attracting potential investors, according to The New York Post. Boxed has become one of the most sought-after tech startups because its distribution centers, which can provide 24-hour delivery to consumers’ homes in many parts of the United States.

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Top News In Payments: Millennials Spend Big On Black Friday; Goldman Investor Day To Focus On Growth Strategy

PYMNTS

In today’s top payments news, millennials — as well as bridge millennials — were big Black Friday spenders this year. Figure’s other co-founders include Cynthia Chen, a recent venture partner of DHVC (Danhua Capital), and Alana Ackerson, former CEO of The Thiel Foundation. They shelled out an average of $479.40

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Lendified And The SMB/Millennial Connection

PYMNTS

Lendified , which offers loans to small Canadian businesses online, said earlier this month that it has secured a $20 million credit facility through Liquid Capital. So it is with the extension of credit to smaller firms who need the funds to gain top-line traction.

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Apps And Alternative Finance Gain FinTech Investor Favor In India

PYMNTS

million through a Series B financing round that was in turn led by Ribbit Capital, based in the United States. Groww focuses on investment products and services marketed to millennials. The capital raised, according to reports, will be used in part to grow that merchant user base.

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Mastercard Card Clearing In China, Unattended Retail, Rapid Settlements Top This Week’s News

PYMNTS

Mastercard Gets Nod To Join China’s $27T Payments Market. 11 to set up a bank card clearing business, providing it with access to a $27 trillion payments market. The wholesale bank will be divided into a separate investment bank that has a capital markets focus and a commercial bank providing back-end services for companies.

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How Digital Platforms Tackle Luxury Travel Reservations, Payments

PYMNTS

The luxury travel market is booming: The PYMNTS Luxury Travel Study found that luxury travelers from the United States spent $1.1 trillion market. percent of the broader luxury vacation travel market. Millennials make up about a third of the U.S. trillion on their vacations last year.

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