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From Investing To Budgeting, How Millennials Are Disrupting Personal Finance

CB Insights

Investing: Robo-advisors and micro-investing lower barriers to entry. Simple, an early contender founded in 2009, floundered following its 2011 launch before ultimately being bought by Spanish banking giant BBVA in 2014. Investing: Robo-advisors and micro-investing lower barriers to entry. Active investing.

Finance 77
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If Facebook Wants To Be WeChat, Why Did It Launch Libra?

PYMNTS

When Tencent made the move to mobile and launched WeChat in 2011, it had to persuade QQ users to download and use the WeChat app. There are stories of micro merchants using it as a channel to sell, but it’s not clear how widespread those use cases are and the extent to which they have traction and scale. Just like WeChat did.

Bots 62
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Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

That same year, the company acquired TextPayMe , a peer-to-peer (P2P) mobile service that was relaunched as Amazon Webpay in 2011. Webpay failed to gain user traction and was shut down in 2014, unlike up-start Venmo (now a part of rival payments processor PayPal). Its first entry point in the market was in payments in October 2014.