Betabeat learned something this morning! Did you know that while the market for financial services startups may be in New York, and even though it feels like we’re swimming in bankers-turned-founders, most fintech startups have historically been on the West Coast or in Boston?
“The financial services market is here,” said Maria Gotsch, president and CEO of the NYC Investment Fund, the private $100 million fund that, alongside Accenture, is sponsoring the financial technology incubator FinTech Innovation Lab. “The size of the tech sector that works with them is disproportionately small. So on a macro level we’re trying to build up the tech sector, on a micro level the program is actually about picking out of the best of breed of six fintech companies and helping accelerate their development.” Read More