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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. There’s a real need for quick, confidential capital and price certainty and for sponsorship in the markets,” he said. Emil Michael filed an S-1 prospectus on Friday (Oct.

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12 Industries That Will Thrive Thanks To Millennials

CB Insights

Popular media coverage of millennials often fixates on the industries the generation is allegedly killing and their supposed fiscal irresponsibility. Some industries benefiting from millennials’ increased spending power, such as travel, reflect well-worn Gen Y tropes like the general preference for “experiences” over things.

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This Week In Insurance Tech: Policygenius Raises $100M, Lemonade Enters Pet Insurance, Nationwide Expands Digital Footprint

CB Insights

Gabi , a San Francisco-based digital broker for home and car insurance, raised a $27M Series B led by Mubadala Capital. Capital, AngelList, Burst Capital, Canvas Ventures, CMFG Ventures, Correlation Ventures, Northwestern Mutual Future Ventures, Project A Ventures, and Securian Financial Group also participated in the round. .

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Seeking Banking Balance Between Physical And Digital

PYMNTS

But, while closing physical bank branches might appear to be a wise cost-saving measure, the move comes with risks that could hurt banks’ relations with new millennial customers. With mobile banking technology on the rise, it has seemingly become more important than ever for banks to stay on top of the latest digital innovations.

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B2B FinTech Investment Not A Total Bust

PYMNTS

Earlier in the week, we reported on the bust that is B2B venture capital this week. For a lot of consumer startups, it’s not always obvious how you are going to monetize, and there is a lot of competition for eyeballs,” explained 500 Startups venture capital lead Dave McClure in an interview last month with Reuters. “For Accounting.

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Tech Center: Microsoft In Montreal, Puerto Rico’s Entrepreneurism

PYMNTS

Though the Commonwealth of Puerto Rico remains in a fiscal crisis — burdened with more than $70 billion of debt and a cut to corporate tax breaks — Puerto Rican officials are looking to technology and entrepreneurship as part of a new economic development plan, TechCrunch reported. Indianapolis Sheds Manufacturing Reputation.

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Roomi: Trust But Verify Roommates

PYMNTS

Technology has proven useful in eliminating the friction inherent in so many processes and online marketplaces, so why not the process of finding a roommate where co-existence is virtually guaranteed to be harmonious? The latest capital raised will bring London onto the roster. Total funding to date is about $17 million.