Tech Center: New York City Takes on Tech Full Force

PYMNTS

For years, New York City has been at the epicenter of United States’ culture with the fashion and entertainment industries leading the way. With the top modeling agencies, MTV and the home of American broadway plays, there’s no denying New York City is bustling with creativity. With a big focus on technology in Silicon Valley and Boston, New York City slowly made its way to becoming a powerhouse tech player.

Barclays Report: Despite Weak IPOs, Uber And Lyft Can Be Profitable

PYMNTS

A new report from Barclays Capital about transportation in New York City says Uber and Lyft can achieve profitability in the future despite their poor initial public offering (IPO) showings this year, according to a report by Bloomberg. .

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Payroll Startup Gusto Plans NYC Expansion With $200M Series D

PYMNTS

Reeves said he plans to pursue new products beyond payroll and HR as the company grows, adding FinTech features like its Flexible Pay, which allows wage advances for employees. The company also has New York City expansion plans for its R&D team, the article said.

Visa Uses NYC Mass Transit To Ignite Contactless Payments

PYMNTS

specifically, the use of such payments for mass transit in New York City. This is really going to change New Yorkers’ daily lives,” Sanford said. Over time, all New York City subway lines and bus routes will accept contactless payments, Visa said.

What’s Next For Real Estate In Amazon’s HQ2 Cities?

PYMNTS

13) on its new headquarters. The Seattle-based eCommerce operator and cloud computing provider decided to build in both Crystal City, an urban area in North Virginia near Washington, D.C., and in Long Island City, a neighborhood in Queens, New York City.

BuzzFeed To Launch Unique Toy Store In NYC This Fall

PYMNTS

BuzzFeed is planning to open a toy store in New York City later this fall. New York Post reported that the store, called “Camp,” will be located in an 11,000-square-foot space in Manhattan’s Flatiron District.

Mobile Apps Unlock Urban Oases For Rest And Productivity

PYMNTS

Take 3DEN , which is located at New York City’s Hudson Yards development. In addition to the current Hudson Yards location, additional New York City locations are planned to roll out this year).

Bringing Deep Discounting To One Of America’s Most Expensive Streets

PYMNTS

” A recent analysis by KeyBanc Capital Markets confirmed that picture – while there is some item overlap between what a consumer can find on Amazon and what they can find in a Five Below, the customer who shops at Five Below is deriving unique value from their chosen shopping venue. “[The As of this fall, Five Below is coming to New York ‘s Fifth Avenue, arguably the most expensive street in America.

Grasshopper’s Shure on enhancing access to resources for startup founders

Bank Innovation

Grasshopper Bank, a New York City-based digital bank geared toward startups, is focusing on pain points for founders, who usually have a heightened awareness of user experiences.

BNP Paribas, Barclays and Goldman Sachs Invest in AI Startup Digital Reasoning

Bank Innovation

’s Barclays, Square Capital, Goldman Sachs, Nasdaq, Lemhi Ventures, HCA, and the Partnership Fund for New York City. Capital Exclusive Innovations Startups artificial intelligence Barclays BNP Paribas Goldman Sachs

Federal Appeals Court Revives Class-Action Suit Against Capital One

PYMNTS

A federal appeals court has revived a proposed class-action lawsuit accusing Capital One Financial Corp. It also revived a claim under a New York state consumer protection law. “We’re We’re pleased with the outcome,” said Matthew Wessler, a lawyer for the plaintiff Tawanna Roberts, a Capital One customer in New York City. Capital One illegally extracted overdraft fees for purchases that were made when consumers had enough funds in their accounts.”.

Japan’s Episode Six to Launch in the U.S. Soon

Bank Innovation

Though he could not disclose a timeline, Mitchell noted he's currently visiting New York City to lay the groundwork for the launch. “We We are hiring in North America and raising growth capital at the moment,” Mitchell […].

Banks Bring Coffee Shops To New Branches

PYMNTS

With the bank branch of the future, large institutions such as Capital One and Fifth Third are aiming to create spaces that appeal to millennials around Chicago that provide technical support, financial advice and — in some instances — cappuccino.

Cheat Sheet: Hensarling Asks for the Moon in Dodd-Frank Revamp

American Banker

House Financial Services Committee Chairman Jeb Hensarling R-Texas, is set Tuesday to unveil an ambitious plan to revamp the Dodd-Frank Act and replace it with a capital-based alternative during a speech in New York City.

As The Dust Settles From Amazon’s HQ Pullback, Ancient Truths Emerge

PYMNTS

A day after Amazon said it would not build a headquarters in New York City after all, those two ancient lessons are holding true. Both the new governor of Illinois and the outgoing mayor of Chicago signed a letter urging Amazon to “take another look at Chicago.”.

2nd Address Goes After Business Travelers With $10M Investment

PYMNTS

A tech publication , citing the company, reported that the funding round was led by GV, the venture capital arm of Google and Foundation Capital. Proceeds from the round of fundraising are slated to improve the company’s technology and expand its service in more cities.

Which Financial Services Firms and Corporations Are Investing in Bitcoin?

CB Insights

Join Capital One Growth Ventures & CB Insights in New York City for The State of Blockchain. By leading a huge $50M investment into bitcoin payments firm Circle in April 2015, Goldman Sachs became the first bulge bracket bank to invest in … Continued. Fin Tech

Mastercard, Curb Launch Donation Campaign For American Cancer Society

PYMNTS

We are proud to support those in need, both financially and through the use of our ride-hailing platform, to connect cancer patients to taxis in New York City and beyond.”.

Goop Inc Taps Into Booming Wellness Market

PYMNTS

Goop has also notched over $82 million from outside investors and venture capital funds and reportedly has a value of more than $250 million. The brand’s new store in New York City, however, was said to be a bit different than its Los Angeles brick-and-mortar location.

B2B FinTech Firms Brace For Growth With New VC

PYMNTS

The company recently announced $10 million in venture capital funding, led by GV and Foundation Capital, while Amicus and Pierre Lamond also participated. million in new funding from DGF Investimentos for its small business financing solution, reports in Contxto said this week.

LiquidX Branches Out With Finance Fix For Global Supply Chains

PYMNTS

Marketplace trading platform LiquidX is rolling out its Supply Chain Finance (SCF) program on its new web-based portal, the company said in a press release on Thursday (Dec. The SCF platform operates on a cloud-based web portal and is a multi-funder working capital solution.

Bitcoin Daily: ‘Blockchain Developer’ Tops LinkedIn’s ‘Emerging Jobs’ Report; ICOs Face Threat Of Crypto Refunds

PYMNTS

solarisBank’s Blockchain Factory supports us in taking trading in cryptocurrencies and tokens to the next level, and in setting new standards in transparency and reliability,” said Alexander Höptner, CEO of Boerse Stuttgart, in a press release.

Macy’s Spotlights Women-Owned Businesses With SoGifted

PYMNTS

Macy’s is partnering with the female-led millennial venture capital fund SoGal Ventures to launch an in-store initiative focused on women-owned businesses, Macy’s said in a press release on Thursday (Dec.

Wells Fargo Taps Former Mastercard Exec To Run Merchant Services

PYMNTS

Taylor also previously worked at Capital One, Chase Manhattan Bank and JPMorgan. 26, and she will be based in New York City. Last month, Wells Fargo also added four new executives to its roster.

The RealReal Notches $300M In IPO

PYMNTS

News surfaced in April that The RealReal had authorized the sale of up to $70 million in new shares, which could put its valuation at $1.06 In July, the company raised $115 million in funding led by Perella Weinberg Partners, with participation from Great Hill Partners and Sandbridge Capital.

Barneys’ Flagship Madison Avenue Store To Stay Open For Now

PYMNTS

As the buyer of the luxury retailer brand negotiates with the store’s landlord, Barneys New York’s flagship store on Madison Avenue in Manhattan will stay open for at least another year in a smaller form. President Daniel Levy said, according to the outlet, “We have come to terms with Authentic Brands Group, Barneys’ new owner, to keep the Madison Avenue store open in a smaller footprint for the next 12 months while we continue to explore a longer-term solution.”.

Where is the Financial Services Industry in the digital transformation journey?

Insights on Business

This new technology is used to generate greater insights and better personalization — seamlessly working across public and private cloud environments. You can learn more about Fraud Prevention capabilities at upcoming events in San Francisco (Nov 27) and New York City (Nov 28). .

Five At Five: Apple Faces New Fine Rule In Australia

PYMNTS

14) a new law that would call on technology companies, including Apple , to provide access to encrypted data if they receive a warrant. Capital market tech firm Axoni has become a leader in blockchain technology via partnerships with investment banks, asset managers and market infrastructure companies. The chain is also rolling out a voice-activated mirror in its flagship New York City location. Sleep Number Unveils New Interactive Store In New York City.

Coinbase’s $100M In Funding Brings Its Valuation To $1.6B

PYMNTS

TechCrunch reported news that the venture capital funding round, led by IVP — with participation from Spark Capital, Greylock Partners, Battery Ventures, Section 32 and Draper Associates — was the first venture capital (VC) raise for Coinbase in more than two years. During this same six-month period, the startup has also had a fourfold increase in new customers signing up for the platform. Following its new $1.6

Today In Data: Alt FIs Raise Funding, SMBs In The US And AI Gets Backing

PYMNTS

Today in PYMNTS’ data, small- and medium-sized businesses (SMBs) have won the alternative financial venture capital (VC) funding rounds, millions of SMBs are in operation in the U.S. — and they all have very different needs, artificial intelligence (AI) firms are receiving major backing, industry experts share what 2017 meant to them and international payments firms have plans to expanded into new markets.

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M&A Moment: March 2018

Bankelele

Banking and Finance: Finance, Law, & Insurance M&A Centum Investments is selling its shareholding in GenAfrica Asset Managers to Kuramo Capital LLC, an independent investment management firm based in New York City with offices in Nairobi and Lagos, and […]. Various merger/acquisition (M&A) deals in the last few weeks and months in East Africa since the last update.

Retail Pulse: FAO Schwarz To Open New Flagship; Amazon Expands Grocery Delivery

PYMNTS

News this week surfaced that FAO Schwarz is planning to have a flagship store in New York City once again – this time at Rockefeller Center instead of the Fifth Avenue location where Tom Hanks tapped out “Chopsticks” on a dance-on piano in the 1988 movie “Big.”.

Mobile Order-Ahead Delivered The Goods In 2019

PYMNTS

Tons of capital was raised and spent on new systems and processes. As city councils all over the nation get a hankering for MOA tax revenue, the category just keeps growing and evolving. Fraudsters rely on this fact and tirelessly seek to exploit new openings.

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Madison Reed Announces New Funding And CMO

PYMNTS

Called by some the Warby Parker of hair color, Madison Reed has announced $13 million in new venture capital funding and a newly hired CMO. To obtain funding, Madison Reed upped their game on several fronts, including airing QVC spots and debuting a chatbot and a storefront dubbed the Madison Reed Color Bar in New York City. Retail CMO funding hair color madison reed Venture Capital Warby Parker

Investors Haven’t Forgotten About Alternative SMB Finance

PYMNTS

By now, the alternative lending market is hardly new, and investor appetite for startups in the space seems to have waned. This week, alternative finance companies raised more than $77 million in venture capital funding, accounting for nearly 70 percent of total funds raised by B2B FinTech startups this week. million in new funding this week, $11.8 Lok Capital and other investors also participated.

Ola Prepares To Compete With Uber In London

PYMNTS

The firm has been granted a license to operate in the British capital, CNN reported. The city of London decided not to renew Uber’s license in 2017 at first, but the company later received permission to operate for 15 months after it appealed.

Using Airbnb’s Playbook To Give Corporate Housing A Digital Makeover

PYMNTS

Backed by Airbnb , Comcast, Bowery and Initialized Capital, Zeus has raised $90 million in funding. The company is based in San Francisco and operates in the Bay Area, Los Angeles, New York City, Seattle and Washington, D.C.

Sneaker Startup Stadium Goods In $4.6M Series A

PYMNTS

Stadium Goods, a streetwear and sneaker consignment startup, first opened up shop in New York City’s major shopping district SoHo back in 2015. Forerunner Ventures founder Kristen Green was quoted as saying , “Retail is undergoing a massive change, and there is a chance for new leaders to emerge and older brands to reinvent themselves. In footwear, NDP research found that new and used shoes generated $17.2

Luxury Retail Finds New Avenues As Brick-And-Mortar Fades

PYMNTS

The company has raised a total of $288 million in funding from venture capital and private equity backers, including Great Hill Partners, Greycroft, PWP Growth Equity, Sandbridge Capital, Industry Ventures and Canaan. Not only that, but the luxury online consignment retailer opened a brick-and-mortar store on New York City’s famed Madison Avenue. New Homes. According to a report , “a Moët Mini-matic popped up at the luxury hotel in Center City.

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London B2B FinTechs Win Big As Market Preps For Disruption

PYMNTS

More than $30 million in venture capital stuck around the U.K., This week the company announced two new solutions as well as $6.5 million in Series A investment funding led by Propel Venture Partners; Freestyle Capital, Compound, Upside Partnership and Transmedia Capital also participated. EaseCentral’s new tools include an employee-facing mobile app, as well as an integration with ADP for streamlined payroll. Venture Capital

Hedgeable Helps Investors Add Venture Capital Exposure with New Fund

Fintech Labs Insights

Thanks to the new venture fund from Finovate Best of Show winner, Hedgeable , the company’s accredited clients will be able to put money to work in the same venture capital markets typically available only to the wealthiest investors.

Space In Lord & Taylor Flagship Store In NYC Sold To WeWork

PYMNTS

WeWork, a New York-based company providing flexible, coworking workspaces, has inked a deal to acquire space in department store chain Lord & Taylor’s flagship Manhattan location for $850 million. According to a report in Fortune, the deal will lower HBC’s debt levels and give WeWork a new headquarters in New York City.

How To Make Sure Stores Don’t Die

PYMNTS

Among the defining endeavors of our time — at least for the worlds of payment and commerce — has been to bring brick-and-mortar retail stores into the new century. Some of that fresh capital, he said, is earmarked toward geographical expansion.

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