Inside CFG Merchant Solutions’ Miami Expansion: Why South Florida Matters in Business Finance
Since the pandemic, South Florida has attracted a significant wave of businesses, executives, and financial firms looking to establish or expand their presence in the region.
Some companies relocated headquarters. Others opened second offices. Executives who had spent most of their careers in places like New York began splitting their time between markets. Financial firms, technology companies, professional services businesses and entrepreneurs increasingly began viewing Miami and the broader South Florida region as another place to build.
That trend has also been visible within commercial finance and the revenue-based financing industry.
One of the latest examples is CFG Merchant Solutions, the New York-based financing company that opened its first Miami office this summer.
Funder Intel recently visited CFG's new location in Miami's Wynwood neighborhood, where I met with Kevin Vincent, Associate Vice President of Sales, for a tour of the office and a conversation about why CFG expanded into South Florida, what the location gives the company, and where CFG sees things going from here.
Inside CFG Merchant Solutions New Miami Location
CFG announced the opening of its first Miami office in July 2026, adding Florida to an office footprint that includes New York, New Jersey and Virginia. The company said the expansion would help it better serve ISO partners and small business clients throughout Florida and the Southeast.
The office is located inside Industrious at Wynwood, a flexible workspace offering private offices alongside shared meeting rooms, lounges, kitchen areas and other common spaces.
The flexible-office setup also represents part of how companies are expanding today. Establishing a presence in another market doesn't always require building a large standalone office from day one. Companies can put employees on the ground, create a place to meet clients and partners, and increase their footprint as the operation grows.
For CFG, however, the larger reason for Miami comes down to access and relationships.
Why CFG Chose South Florida
CFG was already doing business throughout Florida before it opened the Miami office.
What changes with a physical location is the company's ability to become more involved in the market.
Vincent explained during our conversation that CFG has a significant number of relationships in the region, and having people based locally makes it easier to visit offices, meet partners face-to-face and participate in the South Florida business finance community.
Instead of every interaction beginning with an email, phone call or scheduled flight from New York, the company's Miami team can now get in the car and meet an ISO or another industry partner directly.
That matters in commercial finance because, despite how much technology has changed the way transactions are completed, the industry remains highly relationship-driven.
Applications can be submitted online. Bank information can be connected electronically. Underwriting teams can review a business from another state. Documents can be signed remotely and capital can move without anyone sitting across a desk from each other.
Business development is different.
Relationships are built through repeated interaction, conversations and familiarity. Having a team physically located in South Florida gives CFG more opportunities to develop those connections.
Miami's Business Expansion Goes Far Beyond CFG
CFG's decision did not happen in isolation.
The flow of companies and business professionals into South Florida became one of the major economic stories that emerged from the pandemic, and the numbers show how significant that expansion has become.
During the Miami-Dade Beacon Council's 2023-2024 reporting period, 45 companies worked with the organization to expand or relocate to Greater Miami, representing approximately $806.5 million in new capital investment and more than 10,000 projected jobs.
Financial services alone accounted for $53 million of investment and 535 jobs, with companies including Inter&Co, Quant16 and BNP Paribas among the financial businesses expanding their Miami presence during that period.
The following year brought another major round of growth.
The Beacon Council reported that more than 100 companies worked with the organization to expand or relocate to Greater Miami in 2025, committing to approximately 3,070 new jobs and $1.2 billion in capital investment.
The nature of that growth has also begun to evolve.
During the initial pandemic period, new-to-market companies accounted for an estimated 15% to 21% of Miami office leasing activity between 2020 and 2022. By 2026, commercial real estate professionals were increasingly reporting another development: companies that entered Miami during the earlier wave were hiring, expanding their operations and taking additional office space.
That progression is important.
The South Florida business story is no longer only about a company announcing that it is moving to Miami. It is increasingly about companies building operations here, adding employees, opening additional offices and connecting South Florida with their existing operations in markets such as New York.
CFG fits directly into that picture.
Expanding in Miami, and Expanding in New York
CFG's move is particularly interesting because the company isn't replacing New York with Florida.
It is expanding in both.
In February 2026, several months before announcing the Miami location, CFG moved its New York City operation from 180 Maiden Lane into a larger office at 32 Old Slip in Manhattan's Financial District.
CFG said the larger New York office was designed to accommodate an expanding team and support the company's continued growth.
Then came Miami.
That makes CFG a good example of how the New York–South Florida connection is developing within financial services and commercial finance.
For a company with substantial relationships in both regions, the question doesn't necessarily have to be New York or Florida.
It can be New York and Florida.
New York remains CFG's home market and a major center for the revenue-based financing and alternative business finance industry. South Florida, meanwhile, has developed its own growing ecosystem of funders, lenders, brokers, fintech companies, service providers and industry professionals.
Having a presence in both gives CFG greater access to each.
CFG Is Funding About $50 Million Per Month
Once we finished the walkthrough, Vincent and I sat down in the conference room to talk more about CFG's business and the reasoning behind the Miami expansion.
One of the more notable numbers to come out of the conversation was CFG's current funding volume.
Vincent told Funder Intel that CFG is now funding approximately $50 million per month companywide across its operations.
That puts some scale behind the expansion.
CFG's website reports that the company has provided more than $2.6 billion in working capital, funded more than 53,000 businesses, and completed more than 111,000 transactions.
The company is primarily known as a revenue-based financing provider, although CFG also offers term-loan products in certain markets. That side of the company is worth a deeper discussion of its own, so we'll save that for another story.
For this visit, the focus was on growth and what the Miami location adds to CFG's operation.
Vincent said the new office provides better access to relationships throughout the region and that the company sees bigger opportunities ahead as it continues growing the location.
More Than an Office Address
One example of that access came up during our conversation.
CFG recently attended Funder Intel's Capital After Hours in Fort Lauderdale, an event that brought together funders, lenders, brokers and other companies from across the business finance industry.
Having people located in South Florida makes participating in those types of events easier, but the benefit extends beyond organized networking events. It could be visiting an ISO's office. It could be meeting a partner for lunch. It could be attending a conference in Miami or Fort Lauderdale.
Or it could simply be having more opportunities to interact with people who are already doing business with CFG.
Those interactions are difficult to measure on a spreadsheet, but anyone who has spent time in commercial finance understands their value.
South Florida's Role in Commercial Finance Is Growing
South Florida has changed considerably as a business market since the beginning of the decade.
Companies have relocated here. Others have expanded here while maintaining operations elsewhere. Financial professionals have moved into the region. New businesses have launched, existing companies have hired locally, and an ecosystem of events and professional relationships has developed alongside that growth.
Commercial finance has been part of it.
CFG's expansion is another example of that.
And when you walk through the new office, the reasoning becomes pretty straightforward.
CFG already had business relationships in South Florida.
Now it has a team here, too.