FinTech

Georgia has evolved to become the epicenter of a growing segment of the FinTech, or financial servies, industry with 70% of U.S. financial transactions passing through Georgia.

Georgia FinTech companies generate annual revenue of more than $72 billion, placing the state third in the nation, behind only New York and California where the cost of doing business is much higher.

Approximately 100 FinTech companies are headquartered or have significant presence in Georgia with six of the 10 largest US payment processing firms based in the state of Georgia. These companies and others process over 118 billion transactions per year representing over $2 trillion of purchase volume each year, supporting nearly 4 million merchants.

“Atlanta is the epicenter of financial services technology with access to innovative talent, infrastructure and creative business which positions us best for continued growth.” Tony Catalfano, CEO, Worldpay

 


17 Fortune® 500 headquarters are located in Georgia.
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70 percent of U.S. financial transactions pass through Georgia.

BENEFITS

Financial services and insurance firms in Georgia will:

  • Identify opportunities to expand business in the U.S. and abroad.
  • Access talent from Georgia colleges and universities, and continually develop employees through customized workforce education programs at no cost.
  • Reduce costs with five years of tax credits for job creation and a premium tax rate of 2.25 percent on gross direct premiums received by insurers.

GEORGIA’S TRANSACTION ALLEY

Transaction_Alley

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E. Jane Caraway

Director

404.962.4014

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FinTech Brochure

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FinTech

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