Tagged: new york city

Private Equity Firm FFL Partners Invests in Abacus Group, an IT Managed Services Provider

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

Vincent Makes Investing in Alternative Assets More Accessible by Introducing VALT

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

StoneX Executes First Bitcoin (BTC) Cash-Settled Swap

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

Insurtech: Elpha Secure Introduces Cyber Insurance Offering via Socotra’s Cloud Platform

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

Banking Super App Douugh Acquires Up to $20M in Discretionary Equity Funding

  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

Small Business Financing Provider Kapitus Finalizes $200M Securitization

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

Founders Fund Reportedly Invests in Corporate Card Fintech Ramp at $8B Valuation

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

Crypto Exchange Okcoin Is Now Offering NYCCoin, the CityCoin for New York City

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

InComm Payments Teams Up with Fintech Firm Cuentas to Make Transit Cards Available at NYC Retail Outlets

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

New York City Mayor Announces Plans to Convert Salary into Bitcoin (BTC) and Ethereum (ETH)

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

Small Business Owner Reveals How they Borrowed €465K from 3,000+ Lenders via October to Maintain Operations

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

Chase and Visa to Allow Riders to Tap on MTA Subways with Contactless Cards to Donate to Non-Profits

Chase (NYSE: JPM) and Visa (NYSE: V) have revealed that beginning on August 30, 2021, and through September, whenever riders tap on MTA subways or buses with their Chase Visa contactless cards, they’ll be donating $0.10 per tap, up to $250,000, to domestic non-profit New… Read More

Fintech Challenger Current Says it’s Not a Bank, It’s Better with Increased Focus on Customer Experience

The topic of banks vs. Fintech firms has been “another hot one as of late,” the team at Fintech Current notes in an update while adding that with court rulings, the questioning of banking execs on Capitol Hill has been ongoing. And, if you have… Read More

10 High-Potential Fintech Firms Chosen for 11th Annual Fintech Innovation Lab New York

Ten high-potential technology firms have reportedly been chosen for 11th Annual Fintech Innovation Lab New York. As noted in the announcement (published on April 7, 2021), Fintech solutions aim to leverage AI and advanced data analytics to “address key industry challenges including sustainability.” As mentioned… Read More

New York City Bars Could Make History by Selling for Bitcoin (BTC) or Ethereum (ETH) as Digital Asset Prices Keep Rising

A restaurant owner based in New York City has been trying to sell his two bars for Bitcoin (BTC), the flagship cryptocurrency. Patrick Hughes had put his side-by-side bars in Manhattan’s Hell’s Kitchen neighborhood, Scruffy Duffy’s and Hellcat Annie’s, up for sale last month. Hughes… Read More

Escape From Silicon Valley: Report Highlights Departures from San Francisco and New York. Heading to Miami?

The confluence of an ongoing pandemic, social strife, high taxes, and governments that are anti-business, has compelled a good amount of people to depart San Francisco and New York for South Florida and other locales. A recent report looks to provide additional insight into the… Read More

Blockchain Infrastructure Dev Bison Trails, which will be Acquired by Coinbase, Rolls Out New Features to Improve DLT Network Performance

Bison Trails, an established blockchain infrastructure platform-as-a-service firm that will be acquired by Coinbase, has announced the launch of its Global Blockchain Sync (GBS) feature. The Global Blockchain Sync aims to expand the functionality of the Bison Trails platform by making it faster and a… Read More

New York City Seed Funding Reaches Record Levels with Focus on Freelancers, Healthcare, Bitcoin, Blockchain: Report

Primary Venture Partners, a seed-stage VC firm focused on supporting New York City’s “most promising” founders, notes that this past October (2020), they had revealed that Q3 2020 NYC seed activity was “the highest it had been since the record-breaking Q3 2019 quarter.” While third-quarter… Read More

Two New York City Bars Might Make History by Selling for Bitcoin (BTC) or Ethereum (ETH) as Crypto Prices Surge

Two New York City bars could potentially make history by selling for Bitcoin (BTC), the flagship cryptocurrency that’s currently trading at almost $41,000, up from only $3,800 back in March 2020 (which was when the digital asset crashed briefly along with the broader financial markets… Read More

Fintech Innovation Lab in New York Is Accepting Applications for 2021 Training Programs

Although the COVID-19 pandemic has affected the business operations of small and large companies across the globe, it has also accelerated the adoption of all-digital platforms and services. Large banks like Santander and the Lloyds Banking Group have shut down many physical branch locations as… Read More

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