Business

This Skincare Tech Startup Is Changing the Face of Beauty

Published

1 year ago

September 24, 2024

People want healthy skin to look and feel their best, which also means they want products that deliver visible results. Despite technological advancements, many consumers still grapple with common skin concerns like wrinkles, dark spots, and acne. The market is flooded with products promising miraculous results, yet few deliver. This is where Solawave comes in.

A leader in skincare technology, Solawave is redefining healthy skin by making advanced skincare accessible and effective. Solawave offers a transformative solution to common skin problems by combining cutting-edge technology with a sleek design. Their flagship product, the Radiant Renewal Red Light Therapy Wand, has taken the beauty industry by storm.

The Problem: Limited Access to Effective Skincare Solutions

Many topical treatments fail to deliver lasting results, and professional office treatments are often expensive and inaccessible. Solawave addresses this by offering high-quality, affordable skincare tools that provide spa-like results at home, ensuring professional care is available to everyone.

The Solution: Solawave’s Unique Approach

One example is the Solawave Wand, which integrates four potent technologies into one: red light therapy, galvanic current, therapeutic warmth, and massage to improve skin tone, texture, and overall appearance, merging professional-quality treatments with the convenience of at-home use for a modern, intuitive skincare experience. This revolutionary multi-modality tool offers a complete solution that saves time and money by addressing several skin issues simultaneously.

The Story Behind Solawave

Andrew Silberstein founded Solawave after battling severe acne his entire life. Andrew learned about the advantages of red light therapy after experimenting with a variety of therapies, including Accutane, which is often very harsh on the skin. However, he discovered that red light office treatments were expensive and other treatments like chemical peels were painful and inconvenient.

Andrew set out to find a solution that combined the comfort of at-home use with the success of expert treatments to make effective and affordable skincare more accessible.

Unique Products and Services

Solawave offers a wide range of skincare products, including at-home red light therapy, all of which are designed to address skin issues safely and effectively. Their Radiant Renewal Wand is a multiple award-winning tool that revitalizes the skin and supports healthy collagen while diminishing the appearance of wrinkles, dark spots, puffiness, and blemishes.

Solawave distinguishes itself from other skincare companies by embracing core values that drive its success, including:

Modern Technology: Proprietary technologies provide more thorough and structured skincare treatments by combining many modalities into a single device.

Accessibility: Solawave makes advanced skincare available to everyone by providing professional-grade equipment at a reasonable cost.

User-Friendly Design: Products are designed to be simple and comfortable, encouraging regular usage and improving outcomes.

Customer-Centric: Customer input is used to create and improve products on a consistent basis. According to Solawave reviews, it’s clear that customers feel heard and valued by the company.

Since its founding in 2020, Solawave has gained an excellent reputation in the skincare industry. The Radiant Renewal Wand is one of the most popular skincare tools on the market, and the brand has earned over 20 honors for its innovative and effective products.

Dermatologists and plastic surgeons who have endorsed Solawave products attest to the company’s success and dependability of its products. With more than 700,000 satisfied clients, the business has become a celebrity go-to for skincare, and prominent retailers, including Ulta Beauty, Nordstrom, Neiman Marcus, and Goop, are now carrying the company’s products.

The Future of Solawave

Solawave aims to make high-quality, affordable skincare equipment accessible to customers worldwide. In addition, they are committed to expanding their product line to include spa-quality at-home skincare solutions, such as body care items, that bring professional results into everyday routines.

Red light therapy devices are changing at-home skincare regimens, and Solawave is well-positioned to maintain its leadership position in skincare products because of its dedication to practical design, competitive pricing, and tangible outcomes. Their technology and equipment can help improve your skincare routine, regardless of whether you’re suffering from issues with your skin, a skincare fanatic, or looking for anti-aging therapies.

Visit the Solawave website today and embrace the future of skincare.

Business

Derik Fay and the Quiet Rise of a Fintech Dynasty: How a Relentless Visionary is Redefining the Future of Payments

Published

5 days ago

October 17, 2025

Matthew Wiles

Long before the headlines, before the Forbes features, and well before he became a respected fixture in boardrooms across the country, Derik Fay was a kid from Westerly, Rhode Island with little more than grit and audacity. Now, with a strategic footprint spanning more than 40 companies—including holdings in media, construction, real estate, pharma, fitness, and fintech—Fay’s influence is as diversified as it is deliberate. And his most recent move may be his boldest yet: the acquisition and co-ownership of Tycoon Payments, a fintech venture poised to disrupt an industry built on middlemen and outdated rules.

Where many entrepreneurs chase headlines, Fay chases legacy.

Rebuilding the Foundation of Fintech

In the saturated space of payment processors, Fay didn’t just want another transactional brand. He saw a broken system—one that labeled too many businesses as “high-risk,” denied them access, and overcharged them into silence. Tycoon Payments, under his stewardship, is rewriting that narrative from the ground up.

Instead of the all-too-common “fake processor” model, where companies act as brokers rather than actual underwriters, Tycoon Payments is being engineered to own the rails—integrating direct banking partnerships, custom risk modeling, and flexible support for underserved industries.

“Disruption isn’t about being loud,” Fay said in a private strategy session with advisors. “It’s about fixing what’s been ignored for too long. I don’t chase waves—I build the coastline.”

Quiet Power, Strategic Depth

Now 46 years old, Fay has evolved from scrappy gym owner to an empire builder, founding 3F Management as a private equity and venture vehicle to scale fast-growth businesses with staying power. His portfolio includes names like Bare Knuckle Fighting Championships, BIGG Pharma, Results Roofing, FayMs Films, and SalonPlex—but also dozens of companies that never make headlines. That’s by design.

Where others seek followers, Fay builds founders. Where most celebrate their exits, Fay reinvests in people.

While he often deflects conversations around his personal wealth, analysts estimate his net worth to exceed $100 million, with some placing it comfortably over $250 million, based on exits, real estate holdings, and the trajectory of his current ventures.

Yet unlike others in his tax bracket, Fay still answers cold DMs. He mentors rising entrepreneurs without cameras rolling. And he shows up—not just with capital, but with conviction.

A Mogul Grounded in Real Life

Outside of business, Fay remains committed to his role as a father and partner. He shares two daughters, Sophia Elena Fay and Isabella Roslyn Fay, and has been in a relationship with Shandra Phillips since 2021. He’s known for keeping his personal life private, but those close to him speak of a man who brings the same intention to parenting as he does to scaling multimillion-dollar ventures—focused, present, and consistent.

His physical stature—standing at 6′1″—matches his professional gravitas, but what’s more striking is his ability to operate with both discipline and empathy. Fay’s reputation among founders and CEOs is not just one of capital deployment, but emotional intelligence. As one partner noted, “He’s the kind of guy who will break down your pitch—and rebuild your belief in yourself in the same breath.”

The Tycoon Blueprint

The playbook Fay is writing at Tycoon Payments doesn’t just threaten incumbents—it reinvents the infrastructure. This isn’t another “fintech startup” with a flashy brand and no backend. It’s a strategically positioned venture with real underwriting power, cross-border ambitions, and a founder who understands how to scale quietly until the entire industry has to take notice.

In an age where so many entrepreneurs rely on noise and virality to build influence, Fay remains a master of what can only be called elite stealth. He doesn’t need the spotlight. But his impact casts a long shadow.

Conclusion: The Empire Expands

From Rhode Island beginnings to venture boardrooms, from gym owner to fintech force, Derik Fay continues to build not just businesses—but a blueprint. One rooted in resilience, innovation, and long-term infrastructure.

Tycoon Payments may be the latest chess piece. But the game he’s playing is bigger than one move. It’s a long game of strategic leverage, intentional legacy, and generational wealth.

And Fay is not just playing it. He’s redefining the rules.