The First National Bank of Long Island
Acquisition in 2024
The First National Bank of Long Island, established in 1927 and headquartered in Glen Head, New York, serves a diverse clientele that includes small and medium-sized businesses, professional service firms, not-for-profits, municipalities, and individual consumers. The bank offers a comprehensive array of financial products, including various deposit accounts such as business and personal checking, savings accounts, and individual retirement accounts. Its lending portfolio features commercial and industrial loans, residential and commercial mortgages, home equity lines of credit, and consumer loans. Additionally, the bank provides a suite of services that encompasses account reconciliation, cash management, bill payment, and mobile banking, among others. With a network of 51 branches, including locations in Queens, Brooklyn, and Manhattan, the First National Bank of Long Island is dedicated to delivering tailored banking experiences and financial solutions to its clients.
NYMBUS, Inc. is a technology company based in Miami Beach, Florida, that specializes in providing Software-as-a-Service solutions for financial institutions. Established in 2006, NYMBUS offers a comprehensive platform that includes SmartLaunch, which allows banks to quickly establish a digital brand; SmartMarketing, a customer relationship management tool; and SmartCore, a digital-first core data processing solution. Additionally, the company provides SmartDigital, a core-agnostic integration platform, SmartPayments for real-time payment processing and fraud protection, and SmartServices for direct access to industry expertise. By enabling financial institutions of all sizes to innovate and launch full-service digital banks efficiently, NYMBUS aims to transform the financial services landscape while ensuring a risk-free and customer-centric digital experience.
Bancorp of New Jersey
Acquisition in 2020
Bancorp of New Jersey, Inc. serves as the holding company for Bank of New Jersey, a community bank that offers a comprehensive range of commercial banking services primarily in Bergen County, New Jersey. The bank caters to individuals, businesses, non-profit organizations, and government entities by providing various deposit products such as interest-bearing and noninterest-bearing accounts, savings accounts, and time deposits. Its loan portfolio includes commercial loans for working capital, real estate loans secured by commercial or residential properties, and consumer loans designed for personal needs. Additionally, Bancorp of New Jersey offers banking services through mail, telephone, and internet channels. Founded in 2006 and headquartered in Fort Lee, New Jersey, the bank operates multiple branch offices across the region.
Lendbuzz
Debt Financing in 2019
Lendbuzz, Inc. is a Boston-based company that operates an innovative car financing platform aimed at individuals with limited or no credit history, such as international students, foreign professionals, and expatriates. Founded in 2015, Lendbuzz uses machine learning algorithms and proprietary technology to assess the creditworthiness of consumers who are typically underserved by traditional financial institutions. By evaluating background information, including employment and educational history, the platform provides tailored car loans and financing solutions with favorable terms and low-interest rates. Lendbuzz partners with auto dealerships to enhance their offerings, allowing them to serve a more diverse clientele and close additional business opportunities. The company emphasizes a streamlined documentation process, making it easier for clients to access and manage their loans.
Lendbuzz
Debt Financing in 2019
Lendbuzz, Inc. is a Boston-based company that operates an innovative car financing platform aimed at individuals with limited or no credit history, such as international students, foreign professionals, and expatriates. Founded in 2015, Lendbuzz uses machine learning algorithms and proprietary technology to assess the creditworthiness of consumers who are typically underserved by traditional financial institutions. By evaluating background information, including employment and educational history, the platform provides tailored car loans and financing solutions with favorable terms and low-interest rates. Lendbuzz partners with auto dealerships to enhance their offerings, allowing them to serve a more diverse clientele and close additional business opportunities. The company emphasizes a streamlined documentation process, making it easier for clients to access and manage their loans.
BoeFly
Acquisition in 2019
BoeFly, LLC is an online marketplace based in New York that specializes in connecting borrowers with lenders through its innovative matching platform. Founded in 2008, BoeFly enables small businesses to access financing by simplifying the loan origination process. Utilizing proprietary technology, the platform allows borrowers to create comprehensive, decision-ready loan requests using its “SmartForm” feature, which provides necessary information to over 3,600 lenders nationwide. Once the loan request is submitted, BoeFly's matching technology identifies compatible lenders, granting borrowers the authority to control which lenders can view their requests. This streamlined approach enhances the efficiency and competitiveness of securing financing for small businesses, positioning BoeFly as a significant player in the financial services sector. The company operates as a subsidiary of ConnectOne Bank.
Lendbuzz
Venture Round in 2018
Lendbuzz, Inc. is a Boston-based company that operates an innovative car financing platform aimed at individuals with limited or no credit history, such as international students, foreign professionals, and expatriates. Founded in 2015, Lendbuzz uses machine learning algorithms and proprietary technology to assess the creditworthiness of consumers who are typically underserved by traditional financial institutions. By evaluating background information, including employment and educational history, the platform provides tailored car loans and financing solutions with favorable terms and low-interest rates. Lendbuzz partners with auto dealerships to enhance their offerings, allowing them to serve a more diverse clientele and close additional business opportunities. The company emphasizes a streamlined documentation process, making it easier for clients to access and manage their loans.