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A 2018 survey by Bank of America shows that millennials’ top financial priorities were saving for emergency funds (64%), saving for retirement (49%), and saving to buy a house (33%) — not much different from the concerns their baby boomer parents had 30 years ago. Investing: Robo-advisors and micro-investing lower barriers to entry.
Founded in 2018, Aspire has raised more than US$300 million from world-class investors, included Sequoia, Lightspeed, Y-Combinator, Tencent and Paypal. The company offers innovative digital financial services aimed at empowering local and regional micro, small, and medium enterprises (MSMEs).
In the same way that Square built a payment-centric ecosystem for brick-and-mortar SMBs and micro-merchants, Stripe has reinvented online payment acceptance. Michelle Wilson, formerly General Counsel at Amazon (2018). Jonathan Chadwick, former CFO of VMware, Skype, and McAfee (2018). Source: Square. Source: Stripe.
In December 2018, Reuters reported that Amazon was looking at airports as a potential Amazon Go partner. In March 2018, Greenlight Financial announced crossing 100,000 customers, growing its customer base 300% since the investment. The bulk of growth in 2017 was to businesses in the US, where the company originated $1B in loans.
And all of them – developed and developing – use regulated rails, bank accounts and compliant fiat currencies to remove user confusion and friction, establish trust, enable merchant acceptance and accelerate market entry and scale. But as I said in my original piece , they couldn’t have made it any more complicated.
For example, in 2018, 18% of American doctors reported treating a patient via telemedicine. Another company, Origin , was one of four 3D printing companies that received authorization to provide 3D-printed medical equipment directly to healthcare providers. These entry points give cyberoffenders more room to find susceptible targets.
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