Very nice overview of the Millenial FinTech space!
Fin Tech startups targeting the millennial demographic have raised over $2.29B across 126 deals. They range from 'robo-advisors' offering low-cost alternatives to brokerages to lending firms innovating in credit risk to stock-picking and automated savings apps. Spanning a cohort born between 1980 to 2000, millennials broadly make up one of the largest generations in history (bigger than the baby boom generation). Millennials are also investing, lending and sharing money much differently than their parents, and they are assisted by a growing set of tech-driven tools to do so. The changing ways in how millennials manage their money is top of mind for many of the largest financial institutions in the world. In February, Goldman Sachs released an infographic on how millennial habits in health, marriage, housing and more are impacting the economy.