Tagged: new york

July 16, 2025 @ 3:40 pm By Omar Faridi  |  

Digital bank OakNorth has provided $79 million of new funding to New York-based lending platform S3 Capital. Founded in 2013 by Joshua Crane and Robert Schwartz after they recognized a significant “lack of institutional quality, middle market construction lenders in NYC, the firm has since… Read More

June 3, 2025 @ 8:26 am By Omar Faridi  |  

Muzinich & Co., a New York-based credit specialist, has joined forces with Eagle Point Credit Management to establish a robust platform for collateralized loan obligations (CLOs) in Europe. This partnership aims to leverage the expertise of both firms to capitalize on the demand for structured… Read More

May 26, 2025 @ 4:22 pm By Omar Faridi  |  

New York has reportedly reclaimed its position as the world’s leading financial center in 2025, overtaking London, according to the 37th edition of the Global Financial Centres Index (GFCI 37). This ranking, compiled using 140 quantitative measures from sources like the World Bank, OECD, and… Read More

May 12, 2025 @ 4:35 pm By JD Alois  |  

Kathy Hochul, the Governor of New York, has signed legislation that aims to regulate Buy Now Pay Later (BNPL) providers. The legislation seeks to make it easier for consumers to cancel subscriptions, require platforms to post return and refund policies, make “surveillance price” more transparent,… Read More

May 9, 2025 @ 1:08 pm By Omar Faridi  |  

Chime announced that it is putting down permanent roots in New York City with a long-term lease at 122 Fifth Avenue, right in the heart of the Flatiron District—a neighborhood that’s reportedly known for its role as a hub of tech, finance, and innovation. Consumer… Read More

April 29, 2025 @ 9:29 pm By Omar Faridi  |  

MoonPay, a global cryptocurrency payment platform, has announced the opening of a new U.S. headquarters in New York City’s vibrant SoHo district. The company has secured a facility exceeding 5,000 square feet, marking a significant expansion of its operations in the United States. This move… Read More

April 13, 2025 @ 5:43 pm By Omar Faridi  |  

DailyPay, a worktech company specializing in earned wage access (EWA), has made significant strides to enhance financial flexibility for workers while navigating regulatory challenges. Recent developments shared by DailyPay underscore its commitment to empowering employees and strengthening employer relationships: a renewed partnership for Financial Literacy… Read More

February 26, 2025 @ 5:22 pm By Omar Faridi  |  

Bitwise Asset Management, a crypto-specialist asset manager with over $12 billion in client assets, announced the completion of a $70 million equity raise. The investment round was reportedly led by Electric Capital, along with participation from the folllowing entities: MassMutual, Highland Capital, MIT Investment Management… Read More

January 29, 2025 @ 12:08 pm By Omar Faridi  |  

The turn of the year signifies new beginnings for the blockchain and crypto space, and Ripple claims that it has hit the ground running with advances to its cross-border payments solution. Additionally, Ripple said in a blog post that industry players across the US are… Read More

January 26, 2025 @ 11:18 pm By Omar Faridi  |  

Barclays has announced the closure of its fintech accelerator program, Rise, by mid-2025, leaving the New York fintech ecosystem grappling with the loss of what many consider a cornerstone of the community. The decision has sparked significant concern among founders, venture capitalists, and industry leaders… Read More

January 8, 2025 @ 9:11 am By Omar Faridi  |  

Buffalo, New York, will be the hottest major property / real estate market in 2025, according to a new analysis by Zillow (Nasdaq: Z and ZG), the first time a market has held the title in back-to-back years. Real estate firm Zillow noted in its… Read More

November 20, 2024 @ 7:45 am By Omar Faridi  |  

eToro, the trading and investing platform, announced that eToro USA Securities Inc. is operational in New York State, making the platform available for eligible investors nationwide. Retail investors in New York can now trade fractional stocks, exchange traded funds, and options on the eToro platform…. Read More

July 9, 2024 @ 8:23 am By Omar Faridi  |  

PensionBee, a London-based online pension provider, has chosen to base its US business headquarters on the east coast of the United States, in New York City. The London Stock Exchange-listed FTSE stock, UK financial technology firm, which has over £5 billion ($6.3 billion) assets under… Read More

May 8, 2024 @ 11:06 am By Omar Faridi  |  

Rent prices have surged in recent years, and wages have not kept pace, according to an update from real estate tech firm Zillow (Nasdaq: Z and ZG). While last year was a bright spot — wages grew faster than rents nationally and in almost half… Read More

April 15, 2024 @ 10:38 am By Omar Faridi  |  

Damian Williams, the United States Attorney for the Southern District of New York, announced that Shakeeb Ahmed was sentenced recently to three years in prison by U.S. District Judge Victor Marrero for “hacking two separate decentralized cryptocurrency exchanges and stealing cryptocurrency worth over $12 million…. Read More

March 31, 2024 @ 6:22 am By Omar Faridi  |  

Ten emerging technology companies have been selected to participate in the 2024 FinTech Innovation Lab New York, a 12-week program founded and run by Accenture and the Partnership Fund for New York City that helps early- and growth-stage fintechs accelerate product and business development through… Read More

February 29, 2024 @ 1:42 pm By Omar Faridi  |  

New York State Department of Financial Services (DFS) Superintendent Adrienne A. Harris announced that Gemini Trust Company, LLC has committed to return at least $1.1 billion to Gemini Earn Program customers through the Genesis Global Capital, LLC  bankruptcy proceeding. In furtherance of that commitment, Gemini… Read More

January 15, 2024 @ 4:09 pm By Omar Faridi  |  

Eleven, the technology company reshaping the alternative investments industry, announces the release of Eleven OS 7. This technology reportedly redefines “the interaction of data between Investor Profiles and private investments, bringing increased simplicity, centralization, data transparency, and integrity to the global private investment process.” At… Read More

January 14, 2024 @ 11:12 am By JD Alois  |  

As part of New York Governor Kathy Hochul’s State of the Union address, “sweeping consumer protection” was unveiled for buy now pay later (BNPL) providers. The Governor seeks to amend New York’s consumer laws to boost protections against practices deemed to be “unfair” while establishing… Read More

January 8, 2024 @ 7:24 pm By Omar Faridi  |  

Buffalo, New York, will be the most active major housing market this year, according to a new analysis by Zillow (NASDAQ: Z and ZG). It may be hard to believe for some but as prices are rising elsewhere, Buffalo remains more accessible. Affordability is the… Read More