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Silicon Valley Is Losing Its Luster With Millennials

PYMNTS

Silicon Valley is losing its luster with young adults, as recent polling shows millennials are gearing up to leave the San Francisco area at an increased rate. s move last year when it announced it was leaving San Francisco for Denver, which is also growing. It’s not only residents that are leaving Silicon Valley, however.

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Bank of the West Adds ATMs for Young Customers on the Move

Bank Innovation

Bank of the West recently added 143 ATMs across the Denver and Sacramento metro areas through an agreement with ATM operator Cardtronics. Millennials, actually. One target?

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Rewards app Ibotta closes Series D round, in talks with ‘large banks’

Bank Innovation

The funding will allow the Denver-based company to fine-tune its features, including Pay with Ibotta, a recently-launched QR-code based ‘pay with rewards’ capability; advance its marketing strategy; and grow its […].

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Taking Your Coffee With Sugar, Milk And Blockchain?

PYMNTS

On the back of this social commerce model, the company now sees about $500 million in annual sales and has become one of the most recognizable names, particularly to millennial consumers in the footwear industry.

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The Dawn Of A Cashless Global Economy?

PYMNTS

That would be millennials, ages 18–29, with 64 percent saying they prefer to use cards even for transactions under $5. Ironically, a recent lawsuit between Denver-based Allgreens, a medical marijuana dispensary, and the IRS was settled and a $25,000 levy removed after the IRS accused Allgreens of circumventing employee taxes.

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The Wellness Economy: The Buzzy Trend Reshaping Everything From Personal Care To Real Estate

CB Insights

Notably, millennials are more lifestyle-focused, placing a greater value on health and wellness over material goods than ever before. According to Eventbrite data, 78% of millennials would choose to spend money on a desirable experience over buying physical goods. Meet Maya, our hypothetical wellness-focused millennial consumer.

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Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

Fintech Labs Insights

Alt-lender targeting millennials . HQ: Denver, Colorado. HQ: Denver, Colorado. Total raised: $7.85 HQ: Los Angeles, California. Source: Crunchbase. Latest round: $5.6 million Series A. Total raised: $305.6 million (unknown mix of Debt/Equity). HQ: California. Source: Crunchbase , WSJ. P2Binvestor. Total raised: $6.4

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