Tagged: millennials

July 5, 2020 @ 12:30 pm By Omar Faridi  |  

Millennials, who are people born in the early 80s to the mid-90s, have increasingly been adopting smartphone-based Fintech apps offered by Robinhood and innovative digital banks like Revolut. In addition to more actively managing their finances through the latest technology when compared to older generations,… Read More

July 3, 2020 @ 12:53 pm By Omar Faridi  |  

Nearly a third or 33% of UK residents say they were financially unprepared for the COVID-19 outbreak and resulting challenges. Around 38% of UK residents responding to a survey conducted by Fintech Zopa said they’re now preparing their savings for another potential emergency situation that… Read More

June 11, 2020 @ 8:53 pm By Omar Faridi  |  

Companies from the insurance sector continue to develop products and services for tech-savvy younger clients including millennials and Generation Z consumers. Mexican Fintech firm Zenda.la has introduced an insurance product with pricing that adjusts to each individual consumers’ specific requirements and financial status. Zenda recently… Read More

May 26, 2020 @ 7:22 am By Omar Faridi  |  

More than 45% of over 5,000 survey respondents from 17 different countries said they preferred Bitcoin (BTC) over investments in stocks, real estate, and gold. The survey, which aimed to compare Bitcoin (BTC) adoption rates from 2017 to those in 2020, was performed by Tokenist,… Read More

January 13, 2020 @ 10:21 am By Omar Faridi  |  

While it might be true that young people like to use innovative cell phone apps to streamline their daily activities, reports suggest that fancy software alone won’t necessarily help challenger banks when trying to attract business from Generation Z customers. This, according to a newly… Read More

January 3, 2020 @ 3:44 pm By Samantha Hurst  |  

TradeUp, a mobile app that offers zero-commission stock trading, announced on Friday it has officially made its debut. The brokerage service, which is offered by broker-dealer Marsco Investment Corporation, is tailored for both the novices and experienced traders. It features no commission charges, no minimum… Read More

December 29, 2019 @ 7:27 pm By Omar Faridi  |  

Australia-based Fintech firm Groupee has introduced a real-time payment app that lets groups of people share the cost of products or services they purchase. For example, the app allows people to split the cost for a meal, gift, and tickets. Groupee provides a prepaid Visa… Read More

December 21, 2019 @ 10:38 am By Omar Faridi  |  

UK based digital bank Revolut has introduced a new debit multi-currency card that comes with “compelling travel benefits and cashback” for millennials who might be traveling, Kunal Chatterjee, Visa country manager for Singapore and Brunei confirmed. Revolut recently expanded into Asia with its sights set… Read More

December 18, 2019 @ 8:28 am By Omar Faridi  |  

Coverhero, an Australia-based insurance technology (Insurtech) provider, revealed on December 17 that the launch of its first product, Hustle Cover, an “instant” and customizable income protection insurance product developed specifically for gig economy professionals. There are reportedly over 1.5 million Australian residents that are now… Read More

December 11, 2019 @ 12:19 am By Omar Faridi  |  

Spanish Fintech firm Latinia revealed last week that it had invested (an undisclosed amount) in Flink, a business-to-customer (B2C) Mexican digital bank. The Barcelona-headquartered company said that it changed its usual business-to-business (B2B) strategy when investing in Flink, because of the increasing demand of neobanks… Read More

December 7, 2019 @ 9:43 am By Omar Faridi  |  

Millennials are allocating a relatively greater percentage of their investment portfolios to exchange-traded-funds (ETFs) and cash compared to other age groups, according to Charles Schwab’s SDBA indicators report. The report, which serves as a benchmark on retirement plan investments in self-directed brokerage accounts (SDBAs), tracked… Read More

December 4, 2019 @ 10:04 am By Omar Faridi  |  

Investors are not satisfied with mobile apps offered by brokerage firms. Client satisfaction with wealth technology (WealthTech) apps is considerably behind those provided by various other consumer financial firms, such as credit cards, retail banks and insurance. This, according to the recently published J.D. Power’s… Read More

November 10, 2019 @ 5:00 pm By Max Lyadvinsky  |  

Investment has never seen anything like Millennials. This savvy, ethical and growing group consciously spend their money like no demographic before them. The impact of their dollar is just as important as the profit it generates – something investment has not been forced to consider… Read More

May 16, 2019 @ 10:47 pm By Samantha Hurst  |  

On Thursday, CEO of fintech unicorn SoFi, Anthony Noto, sat down with CNBC’s Jim Cramer to share his insights on millennial stock investing habits. According to Noto, early investors tend to buy stocks that are less than $10 and they are buying recognizable brands such… Read More

May 1, 2019 @ 9:36 am By JD Alois  |  

Contradicting an existing belief that Millennials don’t save money, digital-only bank Revolut has shared research indicating that more Millennials are saving money than ever before. Simultaneously, this generation remains deeply concerned about their financial future. Revolut says it surveyed their 18-38 year old customers in… Read More

November 20, 2018 @ 9:52 am By Samantha Hurst  |  

Young property crowdfunding platform, Shojin Property Partners, announced on Tuesday that its latest research revealed an increasing number of millennials are turning to property crowdfunding, as they struggle to get on the property ladder. According to the funding portal, 23% of its investor network are under the… Read More

November 30, 2017 @ 10:00 am By Erin Hobey  |  

    Launched in NYC in 2015, YieldStreet aims to allow people to invest in alternative investments that are backed by real collateral. With the ultimate mission of “prosperity for all,” YieldStreet has plans to help “millions” of investors attain financial independence. With a world-class advisory… Read More

May 30, 2017 @ 5:01 am By Erin Hobey  |  

UK alternative lender Growth Street has revealed that 37.4% of its investors are under the age of 35, contradicting public figures who have chastised millennials for not thinking about saving and investment. Growth Street’s news follows comments made by property mogul Tim Gurner earlier this month…. Read More

March 28, 2017 @ 1:27 pm By Cole Lyons  |  

Past generations have had their market opportunities; the Baby Boomers the jump in energy prices during the 1970’s and Generation X had the tech boom (and bust) of the 1990’s. But Brady Fletcher says the empowerment-driven Millennials haven’t had their own spring of market luck…. Read More

March 8, 2017 @ 11:00 am By Erin Hobey  |  

Helmed by CEO and Co-founder Gonçalo de Vasconcelos,  SyndicateRoom continues to pioneer the “investor-led” crowdfunding model in the UK. A serial entrepreneur and Judge Business School grad who was awarded the Best Dissertation prize and the Benavitch Scholarship for academic and professional achievements, de Vasconcelos cofounded SyndicateRoom with a… Read More