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Millennial-Focused Digital Bank Empower Finance Raises $20M

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San Francisco-based Empower Finance, a mobile banking app aimed at helping millennials save wealth, has raised $20 million in a Series A funding round led by Defy Ventures and Icon Ventures, according to a report. The company, which was founded in 2017, is run by a former Sequoia Capital partner named Warren Hogarth.

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Reynolds CEO: Recreating Grocery’s Home Goods Aisle For The Millennial

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So much so that Reynolds quickly grew beyond being an aluminum foil company, expanding into an entire universe of home products: cling wrap, parchment paper, plastic containers, etc. It is difficult to ask for market penetration much better than 90 percent. Moving On Millennials . As it turns out, he was right.

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Franklin Templeton Teams Up With Razer To Woo Millennial Investors

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trillion global investment giant founded in the 1940s and named after Benjamin Franklin is teaming up with upstart Razer Fintech to create a digital wealth management platform targeted at millennials and young investors. 14) to work together to develop the new platform.

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Millennials Dump Tesla Stock

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Millennials have been unloading Tesla shares a week before the company revealed disappointing Q1 delivery numbers. The company’s Q1 report sent shares falling by more than 8 percent on Thursday (April 4), according to Markets Insider. Tesla is down nearly 20 percent so far this year.

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Are Millennials Really Killing Canned Tuna, Too?

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The millennial path of destruction allegedly continues, with those young consumers now taking blame for the decline in the popularity of canned tuna — a product that joins a casualty list that already includes diamonds and restaurants such as Applebee’s. Before we get to that, let’s review the newest charges leveled against millennials.

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How To Pay The Millennial Workforce

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This month’s Faster Payments Tracker explores the latest developments, as FIs and other companies seek to provide or tap into accelerated payment services. In some cases, clients who send utilities payments may have their services temporarily cut off if the money is slow to reach the companies. Around the Faster Payments World.

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Homesharing Platforms Vie For Millennial, Gen Z Travelers

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They want convenient booking tools, fast payment methods and secure reservations when planning their trips, and these needs have not changed much as millennials have come of age. Millennials and younger generations are digitally minded and want to interact with brands that can answer their personal requests through online and mobile channels.