Fintechs targeting Gen Z with mobile wallets and gamified savings - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 61 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

From virtual piggy banks to gamified savings, meet 7 fintechs trying to tap the $143 billion Gen Z market as they come of age

There are 68 million Gen Zers in the US, and in the coming years they'll replace Millennials as the newest generation of workers and consumers.

As the oldest members of Gen Z are starting to graduate from college and enter the workforce, fintechs and banks alike are vying for their business. Boro was founded in 2015 as an alternative credit product for international students in the US. It's since broadened its target customer to all college students, and has over 50,000 users, according to its website.

The Atlanta-based fintech launched in 2017 and has raised $81 million to-date from investors including Drive Capital, JPMorgan, and Wells Fargo.4 startups are changing the way millennials pay for brands like Casper and Warby Parker and have attracted investors including Andreessen Horowitz and Snoop DoggGoHenry offers an account for parents, from which they can give their kids debit cards. Parents can monitor and control spending and issue allowances.

The Massachusetts-based fintech was founded in 2017 and has raised $5 million to-date from investors including Blumberg Capital and Correlation Ventures.Pluto Money is a free personal finance management fintech for college students. It tracks users' spending, lets them set goals and challenges, and offers anonymized peer comparisons on spending habits.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside a $40 million estate on Miami's celebrity-studded Star Island - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Last sold 04/28/2011 for $25,500,000, annual taxes are $460k, overpriced and the payments will kill you before any thief will. BTW there is another house on the island going for $27.9M
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside story of Brex layoffs after $150 million raise - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Affirm launches high-yield savings account - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. With the HIGH interest rates they charge, it’s the least they can do for those using these crooks as their savings bank.
Source: BusinessInsider - 🏆 729. / 51 Read more »

American Express National Bank Review: savings, CDs, no opening deposits - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

5 things a savings account does for you that a checking account doesn't - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

How I met my $10,000 new-car savings goal years earlier than planned - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »