Tagged: millennials

Generation Z Still Listens to Parents When Selecting Banking Service Providers, Not Too Eager to Try Challenger Banks: Report

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

Zero Commission Stock Trading Mobile App TradeUP Launches For U.S. Millennial Traders

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

Australia-based Fintech Firm Groupee Introduces Real-Time Payment App for Allowing Users to Split Costs of Purchases

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

Asia: Digital Bank Revolut Introduces New Debit Multi-Currency Card for Traveling Millennials

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

Insurtech: Australia-based Coverhero Introduces Hustle Cover, an Income Protection Insurance Product for Gig Economy Workers

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

Spanish Fintech Firm Latinia Invests Undisclosed Amount in Flink, a Business to Consumer Mexican Neobank

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

Millennials are Increasingly Investing in Exchange Traded Funds and Cash Compared to All Other Generations, Charles Schwab’s Report Reveals

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

WealthTech: Consumer Satisfaction with Wealth Technology Apps is Considerably Behind Other Consumer Financial Apps, New Study Reveals

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

Between Profit and Impact: Inside The Mind of Millennial Investors

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

SoFi CEO Antony Noto Talks Millennial Stock Investing Habits With CNBC’s Jim Cramer

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

Revolut Research Says Millennials are Saving More than Ever but Still Worry About Financial Future

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

Shojin Property Partners’ Latest Research Reveals: Increasing Numbers of Millennials Are Investing in Property Crowdfunding

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

Q&A YieldStreet CEO Milind Mehere: Excited about Growth and YieldStreet’s Future

    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

Brief: UK Alternative Lender Growth Street Taps Millennial Investors

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

Brady Fletcher Wants Your Money, Millennials

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

CEO Gonçalo de Vasconcelos: 2016 Was a Phenomenal Year for SyndicateRoom

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

Zopa Teams Up With Fintech Startup Pariti to Help Millennials Pay Off Credit Cards

On Tuesday, UK money management app, Pariti, announced it has teamed up with peer-to-peer lending platform, Zopa, to help millennials pay off their credit cards. Pariti, which was authorized by the FCA this June, is currently seeking to be a “pioneer” a new “marketplace banking” model. Its app… Read More

Fintech Goes to School: Lenny Links with FICO, Provides Credit Scores to Millennial Students

Just in time for graduation, Lenny, an app that offers credit lines to Millennials, announced a partnership with FICO (NYSE: FICO) to provide students and post-grads with their FICO® Score, the standard measure of consumer credit risk.  Founded in 1956 and based in Silicon Valley, FICO is leader in the… Read More

Oz Consumer Fintech MoneyMe Raises $30M: Good Day, Mates!

Consumer fintech firm, MoneyMe, has announced a $30 million AUS capital raise after just two years in operation, signaling increasing confidence by the investment community in fintech who demonstrate an ability to achieve their growth projections and deliver true consumer value. The $30 million capital… Read More

$300 Million To Pave. Direct Lender Receives Big Boost to Lend to Millennials

Pave has received a significant commitment of up to $300 million for loans and equity capital as it continues with its mission to provide access to credit for millennials. Led by Seer Capital, Pave may now expand its lending across the US. Oren Bass, CEO and… Read More

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