Fintech: Southeast News

Fintech Southeast News curated each weekday for Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, and Tennessee

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Posted November 23, 2021

 

Tampa Bay Wave and the University of South Florida Muma College of Business are launching a new accelerator to bolster the fintech industry in the region.

The accelerator is called the FinTech|X Accelerator, which aims to assist high-growth and high-potential startups in the fintech space. Its first cohort will be selected in 2022.

Fintech is a targeted growth industry in St. Petersburg, which is home to many well-known fintechs such as CrossBorder Solutions, Code-X and RxLive.

Tampa Bay Wave CEO Linda Olson first mentioned the concept of creating the fintech accelerator two months ago during Tampa Bay Wave’s TechDiversity cohort pitch night at Tropicana Field.

“Because of the success of the Cyber X program and what that did, we have been having a number of conversations in the community about doing another industry vertical,” Olson said at that time. “Did you know two of the top five fastest-growing wealth management firms that are fintech-based are based in St. Petersburg? Also, USF has been working on strengthening its finance degree program and incorporating it with the technology department so they can offer degrees in fintech out of the USF St. Pete campus.”

 

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