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Free Trading App Robinhood Sets Sights On Britain

PYMNTS

Robinhood , the investment app that upended its market by elimination of commissions on stock trades is bringing its brand of disruption to the United Kingdom. Robinhood made money and picked up business without focusing on the rules,” said Tyler Gellasch, executive director of trade association Healthy Markets Association in a statement. “As

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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. More market turmoil has also driven people’s interest. The company, launched in 2013, is now valued at $8.3

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Zero Launches Debit-Like Credit Card, Raises $20M

PYMNTS

Zero, a company that aims to modernize credit cards for the millennial generation, has raised $20 million in a Series A funding round, according to a report. The company plans to market its card to credit-wary millennials who want to avoid getting into a deep debt cycle, but who also want the incentives of owning a credit card.

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Challenger Banks Raise Record Funds To Take On Traditional FIs

PYMNTS

“They’re also coming into wealth for the first time,” she said, regarding millennials. . challengers partners with traditional banks to get backing from the Federal Deposit Insurance Corporation (FDIC). banking startups hold bank charters, the U.S.

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SoFi Officially Files For A Bank Charter Of Its Own

PYMNTS

Which means it really doesn’t come as all that huge a surprise that as of June 6th, SoFi had applied for a new (de novo) bank charter according to the FDIC. Instead, SoFi as a bank will exist so it can “provide its customers an FDIC insured NOW account and a credit card product. SoFi has confirmed the news.

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Walden Mutual aims to serve New England’s food community

Independent Banker

includes (from left): Christina Johantgen (head of marketing and creative), Joe York (head of product), Kelsey Cahill (summer associate), Jackie Charron (chief operating officer and executive vice president), Debbie Morin (chief financial officer), and CEO Charley Cummings. The team at Walden Mutual, a planned de novo in Concord, N.H.,

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Why Payments Diversity Matters As Firms Go Global

PYMNTS

market as an example of the co-existence and collision of cash and digital payments. That’s especially true among younger users such as millennials. FDIC) estimated that 6.5 The challenge comes when payment preferences vary widely from market to market,” Ives said. Payments, on a Global Stage. Firms in the U.S.,

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