Fintech companies can struggle with the strict regulations surrounding the financial industry as they develop new offerings. Florida offers a fintech sandbox license, which allows exceptions to laws and requirements under defined conditions so financial technology innovators can test new products and services.
Offering a supervised, flexible regulatory sandbox is another way Florida locations like St. Petersburg provide a welcoming business environment for technology innovators.
St. Pete is also the site of the FinTech|X Accelerator, a highly specialized 90-day accelerator program exclusively for innovative and disruptive technology startups focused on fintech, offered by the University of South Florida and Tampa Bay Wave.
For more information about Florida's FinTech sandbox, visit "Financial Sandbox Technology Innovator."