The Mile High City has a vibrant technology ecosystem, and a thriving fintech vertical has grown out of it, says the Denver Business Journal.
Robinhood and Marqeta have announced their expansions to Denver, while homegrown firms such as Western Union and PaySimple continue to grow, they add.
However, the front range still doesn’t have venture capitalists like those in Silicon Valley, and in many ways, Denver is only affordable compared to coastal metros, not the Midwest.
The trade publication quotes Elle Bruno, managing director of the Techstars & Western Union fintech accelerator, as saying Denver is almost a central hub for FinTech, but there is still a long way to go before it can be called a true fintech destination city.
“it’s not the first city that comes to mind when people think of a startup hub,” she says. “But as that develops, so will the fintech hub [aspect].”
This article was written by Jensen Werley and originally published in Denver Business Journal. A subscription may be required.
