article thumbnail

Robinhood May Sell Shares Directly To Users If It IPOs

PYMNTS

Robinhood ’s platform is popular with amateur retail investors, particularly millennials and Gen-Zers. 16, Massachusetts securities regulators filed a complaint against Robinhood alleging that the company aggressively marketed to inexperienced investors and failed to implement controls to protect them, violating state laws and regulations.

article thumbnail

Weddings, The Millennial Way? There’s A Marketplace For That

PYMNTS

The point is that when it comes to wedding planning — especially those put together by millennials, who are finally coming into their own as important consumers — there is always a better way to go about things. All this new revenue is going from the cities where most millennials live to the countryside,” he said. An Idea is Born.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why Visa Is Starting A Conversation About Millennial Females and Money

PYMNTS

In the Commonwealth of Massachusetts, women weren’t even legally allowed to own high-heel shoes for fear they would ensnare unwitting men into marriage on false pretenses. Millennial women are evolving into very [a] different relationship with money,” said Reilly. Though the progress has been slow, it has also been steady.

article thumbnail

Today In Payments: MineralTree Raises $50M, Buys Two Companies; Robinhood Raises $460M

PYMNTS

the Massachusetts-based accounts payable (AP) automation software provider, on Thursday (Sept. The new funding is an outcropping of the Series G round unveiled in August for the firm, which is said to have helped millennials become interested in trading. MineralTree Raises $50M, Buys Two Companies. MineralTree Inc.,

Company 137
article thumbnail

Retail Bedfellows Roundup: Staples Shares Space, Affirm Finances Life Experiences

PYMNTS

Sure, one could sit back in an armchair and chalk it all up to irascible millennials, but Staples is taking the proactive approach and making sure it can provide the right office supplies, however — and wherever — its consumers want them. ” What a breach of etiquette to call out the retail security industry — however necessary it is.

Retail 100
article thumbnail

8 Connected-Economy Firms Expected To Light Up The IPO Market In 2021

PYMNTS

Robinhood offers an easy-to-use app to trade stocks commission-free, making the company popular with millennials. Securities and Exchange Commission allegations that it failed for several years to disclose so-called “payments for order flow.” Robinhood denied the charges, but recently agreed to pay $65 million to settle U.S.

Marketing 198
article thumbnail

From ACH To IoT: Looking Back On A Year Of Trackers

PYMNTS

The spring brought coverage of mobile advertising and payments on the go at food trucks as small, smart device-powered businesses, and in the fall, we looked at the biggest trends in digital security at the annual Money20/20 Conference in Las Vegas. Chime also makes an effort to reach millennials where they already shop.

Retail 123