According to Recode, Mike Cagney is back with a new startup and is pitching to investors such as Peter Thiel and others who backed SoFi; he is reportedly looking to raise around $25 million for the new company which may focus on HELOCs. Source
Former Goldman Sachs trader and bitcoin enthusiast Mike Novogratz has teamed up with Bloomberg to launch the Bloomberg Galaxy Crypto...
In this week’s PeerIQ Industry Update they cover the troubling data of millennial delinquency rising significantly higher than older borrowers;...
Fully 83% of millennial millionaires own cryptocurrencies, according to the CNBC Millionaire Survey.
There is a prevailing thought in the fintech market that millennials hate big banks and are open to giving their...
Recent data shows that 67% of millennials in the UK have used point of sale finance services with 42% being...
Bloomberg reports that the charge-off rate among card issuers in Q1 2019 increased to the highest level in almost seven...
A new report from Equiniti found that 30 percent of millennials borrowed more than $1300 in the past year; borrowing has increased by 17 percent since 2015; 44 percent prefer to search for a loan on their phones and 47 percent said they would be willing to borrow from an unfamiliar lender; this is clearly encouraging for fintech firms but also shows challenges remain as millennials look for the cheapest, quickest way for funds. Source.
A new survey by Bank of America found that 63 percent of millennials are saving money, that is on par with generation X and baby boomers; the survey shows that millennials are a lot more in tune with their financial lives then they are given credit for; the survey also found that millennials are more apt to ask for a raise and they also play into stereotypes by saying they spend too much and don’t save enough when asked by researchers. Source.
According to recent data from TransUnion lenders reported that almost 15 million credit cards were in financial hardship programs; this...