📢 Nyca December 2024 Newsletter: This month Duncan King spoke with co-founder and CEO Lior Tibon from Duetti, which purchases tracks from independent musicians and enhances those tracks' earnings! https://lnkd.in/gg22Ddnr
Nyca Partners
Venture Capital and Private Equity Principals
NEW YORK, NY 5,579 followers
Nyca is a leading venture capital firm focused on connecting innovative companies to the global financial system
About us
Nyca is a fintech venture capital firm focused on connecting innovative companies to the global financial system. With just under $1 billion under management and investments in over 100 portfolio companies, Nyca is one of the premier fintech venture capital firms in the world. Investors include leading global financial institutions and technology companies as well as expert individuals through its unique Limited Partner Advisor model, which brings together over 100 of the most respected people in technology, financial services and academia as investors and advisors to our portfolio companies.
- Website
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https://www.nyca.com
External link for Nyca Partners
- Industry
- Venture Capital and Private Equity Principals
- Company size
- 11-50 employees
- Headquarters
- NEW YORK, NY
- Type
- Privately Held
- Founded
- 2014
- Specialties
- fintech and venturecapital
Locations
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Primary
485 Madison Avenue
Floor 17
NEW YORK, NY 10022, US
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116 Natoma St
San Francisco, California 94105, US
Employees at Nyca Partners
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Tushar N Shah
Providing Generative AI solutions, Products, and Platforms to Enterprises
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Marcelo Perez
Fintech / Payments & Cross Border/ Investor & Board Member
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Laurent Desmangles
Retired management consultant; investor; board member; under-appreciated life-coach to two young adults
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Osama Bedier
Investment Partner at Nyca, former President, Founder & CEO. Taking a break.
Updates
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Congratulations to Hrant Gharibyan, PhD and the entire BlueQubit team! We are excited to have lead their seed round and further support their mission to merge quantum computing into real-world computer applications! 🎉 https://lnkd.in/gQVaA-6n
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Congratulations to Zuben Mathews and the entire Brigit team on being acquired by Upbound Group!!! https://lnkd.in/gCqVKj8w
Upbound Group Enters Definitive Agreement to Acquire Brigit, a Leading Financial Health Technology Firm, for up to $460 Million
businesswire.com
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Super excited that JD Sports SEA is using Yofi as their "Secret AI Weapon" in fighting Fraud and Abuse!!! https://lnkd.in/gMci_ctf
The secret is out of that Yofi has been the "secret AI weapon" that JD Sports Canada is using to fight against return abuse, bots, and theft while unlocking benefits for their VIP customers. This partnership has been a game-changer! I want to take a moment to thank Chris Bone, Raj Parmar, Artem Gradushy, and the entire fantastic team at JD Sports Canada for their collaboration and innovation. You are some of the best minds in retail, and working together has pushed us to think bigger, act faster, and deliver better solutions. By leveraging cutting-edge AI technology, we’ve been able to help JD Sports not just tackle fraud, but also enhance their customer experience. It’s an exciting time! Thank you so much, Meghan Hall for the incredible story and partnership! If you are interested in learning more about preventing return and policy abuse while enhancing the customer and operational experience, please DM! #fraud #returns #BFCM
Exclusive: JD Sports Canada Uses AI as Secret Weapon Against Fraud and Policy Abuse
https://sourcingjournal.com
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Nyca Partners reposted this
This month Duncan King spoke with co-founder and CEO Ofek Lavian from Forage, which enables companies to accept SNAP payments (fka food stamps) online. Check it out! https://lnkd.in/gkbmbZ7C
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This month Duncan King spoke with co-founder and CEO Ofek Lavian from Forage, which enables companies to accept SNAP payments (fka food stamps) online. Check it out! https://lnkd.in/gkbmbZ7C
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We are excited that Jeremy Solomon will be speaking at Citi SPRINT’s FinTech Lending and Private Credit Summit on Thursday, November 21st, 2024 at the Citi headquarters in New York City! The event is bringing together senior leaders across the global asset-backed finance ecosystem, including fintech lending and origination platforms (private venture-backed companies, seed through growth stage), asset-backed private credit investors, and fintech venture capitalists. If you have any questions, please reach out to withSPRINT@citi.com. To request an invitation, click here: https://lnkd.in/gqF8M5Ba
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Congratulations to portfolio company Duetti for raising its Series B from Flexpoint Ford and completed its first securitization of indie artist music rights, all in October! Nyca is proud to participate in this latest financing and excited about the company’s continued strong growth in providing aligned services to independent artists. 🎵 🎶 🎵 https://lnkd.in/g3T7hMgw
We are excited to announce today that Duetti secured $114M of new funding through both equity and debt. In just over two years, we closed over $235M in funding for independent artists. With this new round, Duetti raised more funds than any other music startup since 2021 (according to The Information's creator economy database). We are now one of the fastest growing music rights companies for at least a decade. Our new funding includes $34M of new equity and $80M of new debt financing. The equity round was led by Flexpoint Ford, alongside our existing investors Nyca Partners and Viola Ventures. The $80M of debt financing was provided via a privately rated asset-back securitization, which was structured and placed by Barclays. We believe that we executed the fastest ever securitization of music rights - from initial portfolio inception to final closing. This is also the first ever securitization backed primarily by music of independent artists, opening up a significant new pool of efficient capital to support their music. We are proud to lead the way and educate the capital markets on the substantial long term value generated by independent music. We have now partnered with over 500 artists across all genres and from over 30 countries, and are thrilled to continue and expand the financial options available to the independent music community. Our deals typically range from $10K all the way up to $3M per artist. I am particularly grateful to our fantastic team for all the hard work and dedication in building Duetti as a new force in the music industry. Our DMs are open for those who are interested to learn more.
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Congratulations to Nyca portfolio companies NALA, Nova Credit, Polly, Qapita, and Sardine for being included in the 2024 CB Insights Fintech 100! https://lnkd.in/gDYk9fUu
Boom: Meet the 2024 Fintech 100, the most promising private fintech companies across the globe. This year’s winners are working on everything from deploying novel AI solutions across the landscape to expanding access to financial services. They span over twenty countries, have raised $7.2B in equity funding, and fifty percent of winners are early-stage fintechs. See the full list, and dive deep into the data on the 2024 cohort: https://cbi.team/3Un9kQJ
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Check out Tom Brown and Agastya Gupta's blog as they give a fresh perspective on the crypto world and delve into Electronic Money Tokens, Stablecoins, and the Future of Payments! https://lnkd.in/gZF-3ZWu
For those hitting the books ahead of next week’s conference at the Federal Reserve Bank of Philadelphia, Agastya Gupta and I put together a map of the electronic money token (i.e., stablecoin) value chain. Hans Morris of Nyca Partners will be there and hosting a discussion. TLDR: we see a lot of opportunity up and down the chain, particularly in enabling firms to make direct digital payments to their commercial counterparties.
Electronic Money Tokens, Stablecoins, and the Future of Payments
fintechfundamentals.substack.com