Tagged: new york

CFPB Sues MoneyLion for Overcharging Servicemembers, “Trapping” Consumers in Costly Memberships

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

Payhawk, a Spend Management Solution Provider, Opens New York Office

Payhawk, the spend management solution with a presence across the UK and Europe, officially launched in the US. The unicorn has “opened an office in New York and is introducing a US credit card to support companies with multiple offices across the UK, Europe, and… Read More

DailyPay Introduces GPR Card and Mobile App, Supporting Instant On-Demand Pay Transfers

DailyPay, a financial technology company, recently announced the launch of Friday, a  general purpose reloadable (GPR) prepaid card and app, which “unlocks instant no-fee on-demand pay transfers for DailyPay users.” Friday, created in partnership with Visa, the digital payments giant, and The Bancorp Bank, Member… Read More

Fintech Kapitus, which Offers Financing to SMBs, Finalizes $95M in Additional Funding Capacity

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

BNPL: FIntech Tabby Acquires $150M Credit Facility

Tabby, which is MENA’s payments and shopping app, has acquired $150 million in debt financing from Atalaya Capital Management and existing investor Partners for Growth (PFG). Based in New York, this facility “marks Atalaya Capital Management’s first deal in the MENA region.” In addition, San… Read More

Solana Spaces Introduces Retail Venue to Bring an Educational Blockchain Experience to Mainstream

Solana Spaces recently announced the opening of the “first” permanent physical retail, educational, and community space dedicated to Web3 at The Shops at Hudson Yards on Level 2, in Manhattan, New York. Solana Spaces was “founded in 2022 and is based in San Francisco.” Spaces,… Read More

FTX Proposes Plan to Provide Early Liquidity to Voyager Digital’s Clients in Bankruptcy Proceeding

FTX Trading Ltd., owner and operator of FTX.com, a global cryptocurrency exchange, recently announced a joint offer with West Realm Shires Inc., the owner and operator of FTX US, and Alameda Ventures Ltd, “to provide early liquidity to customers of Voyager Digital, LLC, which filed… Read More

MetaMask Celebrates 6th Anniversary with Steady Growth, Key Update to Market

MetaMask, which is ConsenSys’ mobile app and browser extension wallet, recently celebrated its 6th anniversary. MetaMask has “achieved 6 digit growth in Monthly Active Users (MAUs) since its inception.” The fast growth of the last two years can be “attributed to the frenzy of interest… Read More

Fintech Global Primex Introduces Private, Virtual Payment Platform VLoad

Global Primex, a “privacy-first” payments company specializing in secure digital payment solutions for merchants and consumers, announced the launch of its payment platform VLoad in partnership with New York-based Metropolitan Commercial Bank (NYSE: MCB). VLoad is an online payment method that provides privacy and security… Read More

Paxos Becomes “First” Issuer to Disclose “Full” Monthly Reserve Holdings Backing USDP, BUSD Stablecoins

Paxos, the regulated blockchain infrastructure platform, has disclosed the “specific” financial instruments backing its “regulated” stablecoins USDP and BUSD. Moving forward, Paxos will “provide these detailed disclosures on a monthly basis in addition to its attestations.” These reports “provide the CUSIP of all instruments backing… Read More

Finalis, a Tech Platform for Dealmakers, Finalizes $10.7M Seed Round

Finalis, which claims to be one of the “fastest-growing” tech platforms for dealmakers,  announced $10.7 million in seed funding led by VC firms, such as ANIMO Ventures, Chaac Ventures, Ulu Ventures, Tribe Capital and The Fund. The funding from the investment round will aim to… Read More

Fintech Splitit and Everyware to Bring Installments to Pay By Text

Splitit (ASX: SPT) and Everyware, a contactless payments and customer engagement solutions company, have agreed to a partnership “to bring Splitit’s Installments-as-a-Service platform to Everyware’s Pay By Text platform eliminating consumer friction for mobile installments.” Everyware will integrate Splitit’s Installments-as-a-Service into its platforms “to deliver… Read More

Crypto Broker Broker Voyager Reportedly Sets Limits on Customer Withdrawals

Digital asset brokerage firm Voyager Digital Ltd. (TSX: VOYG) is reportedly limiting client withdrawals via its platform to $10,000 and to 20 transfers during a 24-hour timeframe. The New York-headquartered company, which secured $485 million in loans during the last week from Alameda Research in… 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

Fintech Platform LiquidX Receives Investment from Citi

LiquidX, the global fintech platform for digitization, monetization, and risk mitigation for working capital, trade finance, and insurance assets, announced a strategic investment from Citi (NYSE: C), one of the largest trade finance banks. The funding round was “led by Broadridge, LiquidX’s largest strategic investor.”… Read More

Lolli CEO Slams New York’s Crypto Mining Ban

The New York state legislature has approved a bill that would commence a moratorium on crypto mining operations. The bill was designed as an attempt to mitigate emissions caused by crypto mining which tends to be an energy-intensive process as servers compete to create and… Read More

State of New York Approves Moratorium on Crypto Mining

  The state legislature of New York has approved legislation that establishes a moratorium on cryptocurrency mining operations that use proof-of-work to validate blockchain transactions. The aim is to mitigate the utilization of of electricity that can drive carbon emissions. According to the language of… 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

Splitit Introduces Installments-as-a-Service Platform, Announces OCM as First Merchant to Adopt the Tech

Splitit recently unveiled a new way to drive installment payments via its merchant-branded Installments-as-a-Service platform. Instead of originating new loans, Splitit taps existing consumer credit on payment cards “to simplify the checkout experience embedded into the existing payment flow.” While merchants are experiencing increased sales… Read More

ConsenSys and LivePerson to Create VillageDAO, the “Decentralized” Customer Care Platform

ConsenSys, a blockchain tech firm, and LivePerson (NASDAQ: LPSN), a global firm focused on conversational AI, announced plans to create a “decentralized” customer care platform: VillageDAO. VillageDAO will focus on “empowering Web3 brands to self-service issue resolution by enhancing community engagement.” Community members will be… Read More

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