Tagged: new york city

August 4, 2023 @ 8:01 am By Omar Faridi  |  

A married and aspiring rapper couple from New York City recently pleaded guilty to money laundering conspiracies arising from the hack and theft of approximately 120,000 Bitcoin from Bitfinex, a global cryptocurrency exchange. Ilya Lichtenstein, 35, and Heather Morgan, 33, were arrested in February 2022… Read More

April 30, 2023 @ 6:17 pm By Omar Faridi  |  

Frisch’s Big Boy, the 75-year-old American comfort food and casual-themed restaurant brand, announced its partnership with DailyPay–the provider of on-demand pay. Through the partnership, Frisch’s Big Boy’s employees “have access to an important financial wellness benefit that allows them to access their earned pay after… Read More

April 8, 2023 @ 10:40 am By Omar Faridi  |  

Goodwill of Colorado, an organization dedicated to creating community impact through programs for individuals with disabilities, education, training and career placement, has partnered with DailyPay–the provider of on-demand pay. As part of the organization’s mission “to empower individuals, and to provide a fulfilling employee experience,… Read More

December 9, 2022 @ 3:58 pm By Omar Faridi  |  

MarketTime, the provider of order-writing, business intelligence and B2B eCommerce platforms in the industry, has announced its payments solution will be powered by Balance, the B2B payments experience company “offering the first online checkout built for businesses.” Balance claims it is “flipping the old, complacent… Read More

December 7, 2022 @ 7:57 pm By Omar Faridi  |  

Wave Financial LLC, the SEC-regulated digital asset investment management company,  announced the appointment of Harumi Urata-Thompson as Chief Financial Officer. She will report to David Siemer, Chief Executive Officer, and is “based in New York City.” As Chief Financial Officer, Harumi will “play an important… Read More

December 5, 2022 @ 9:20 pm By Omar Faridi  |  

YAI, a New York-based organization dedicated to providing innovative services for people with intellectual and developmental disabilities (I/DD), has partnered with DailyPay, the provider of on-demand pay. Through the partnership, YAI is among “the first I/DD employers to implement DailyPay for its frontline, direct-care employees.”… Read More

November 14, 2022 @ 8:06 pm By Omar Faridi  |  

As part of its mission to promote financial equity and inclusion for all working Americans, DailyPay has teamed up with the veteran-run Coordinated Assistance Network (CAN) to “make free financial coaching and counseling available to millions of DailyPay users.” Partnering with America’s employers, DailyPay enables… Read More

October 2, 2022 @ 1:11 pm By Omar Faridi  |  

The Consumer Financial Protection Bureau (CFPB) sued MoneyLion Technologies, an online lender, and 38 of its subsidiaries, “for imposing illegal and excessive charges on servicemembers and their dependents.” The CFPB alleges that MoneyLion “violated the Military Lending Act by charging more than the legally allowable… Read More

August 25, 2022 @ 8:32 pm By Omar Faridi  |  

Kapitus, a Fintech company that offers financing to small businesses, announced the closing of $95 million in additional funding capacity on August 23, “bringing its total debt facilities to $360 million.” As noted in an update shared with CI, this additional funding capacity “demonstrates continued… Read More

July 1, 2022 @ 9:19 am By Omar Faridi  |  

FFL Partners, a private equity firm focused on growth investments in tech-enabled business services and healthcare companies, announced that it has completed a strategic growth investment in Abacus Group, a financial services-focused IT Managed Services Provider  “specializing in hedge fund, private equity, venture capital and… Read More

June 13, 2022 @ 3:04 pm By Omar Faridi  |  

Vincent, the alternative investment search platform, recently announced VALT Asset Management will provide investors access to “world-class” alternative assets once “reserved only for institutional investors.” Open for investments, VALT offers portfolios of institutional-grade alternative assets — “including venture capital, cryptocurrency, collectibles, real estate, art, and… Read More

May 22, 2022 @ 10:47 pm By Omar Faridi  |  

StoneX Markets LLC, a subsidiary of StoneX Group Inc., a provider of execution, post-trade settlement, clearing and custody services across asset classes and markets worldwide, has announced that it successfully “executed and settled its first cash-settled BTC/USD swap.” The counterparty to the trade was one… Read More

April 13, 2022 @ 4:16 pm By Omar Faridi  |  

Elpha Secure, a cybersecurity startup that offers cyber insurance combined with security software to small businesses, has chosen Socotra “to complement its proprietary technology and launch a new cyber insurance product for a variety of industries.” In order to bring its new product to market,… Read More

March 30, 2022 @ 8:19 pm By Omar Faridi  |  

  Douugh Ltd (ASX: DOU), the banking “super app” that’s on a mission to help customers manage and grow their money, has announced it has entered into “a $20 million equity placement facility agreement with Long State Investments Limited.” Based in New York City, Long… Read More

February 10, 2022 @ 5:54 pm By Omar Faridi  |  

Kapitus, one of the largest and most “reliable” providers of small business financing, recently announced the closing of a $200 million asset-backed securitization (ABS). This financing positions Kapitus for steady growth after a solid year in 2021, which saw the firm’s highest funding volume in… Read More

February 4, 2022 @ 6:34 am By Omar Faridi  |  

VC firm Founders Fund has reportedly led an investment in Ramp, a corporate credit card and spending management software firm that launched a few years back. The company is now valued at $8 billion (including the investment). This, according to sources familiar with the matter… Read More

January 31, 2022 @ 5:57 pm By Omar Faridi  |  

Digital asset exchange Okcoin has reportedly become the first crypto trading platform in the world to list NYCCoin, which is the CityCoin for New York City. As explained in the update from Okcoin, the NYCCoin (NYC) is the CityCoin for New York City. The first… Read More

January 28, 2022 @ 6:04 pm By Omar Faridi  |  

InComm Payments, a payments tech firm, announced that it has teamed up with Cuentas, Inc. (Nasdaq: CUEN & CUENW), a Fintech provider of mobile banking and payment solutions focused on Hispanic and Latino communities, in order to issue transit cards (tap and go) at participating… Read More

January 22, 2022 @ 1:56 pm By Omar Faridi  |  

New York City’s new Mayor Eric Adams has been criticized for using of his public office in an attempt to promote the cryptocurrency sector. An upstate New York environmental group, called Seneca Lake Guardian, has stated that creating and managing virtual currency tends to consume… Read More

November 14, 2021 @ 1:50 pm By Omar Faridi  |  

The team at European online lender October recently revealed that Lot61 had borrowed €465,000 in order to finance an acquisition of part of their business. As mentioned in a blog post, October spoke to the company’s Australian founder Adam Craig about entrepreneurship, growth and “the… Read More