FinTech Magazine November 2023 | Page 43

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San Francisco ( Silicon Valley )
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Origins of Silicon Valley : Why and How It Happened
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San Francisco ( Silicon Valley )

Top of our list of the world ’ s top fintech hubs is San Francisco , namely Silicon Valley . There are ( at the time of writing ) a whopping 506 fintech organisations based in the area , which have seen a total investment of US $ 32bn across 828 funding rounds . The most recent funding of note is a post- IPO debt for Intuit , a Series C round for CLARA Analytics , a Seed round in Firstcard and a Series C round for BitGo . The area is also home to some leading start-up accelerators and incubators , including Y Combinator , which has led investment in fintechs based in San Francisco . Other investors have flocked to offer funds to fintech startups in the area , Techstars , MassChallenge and 500 Global all included . At the time of writing , there are 11,506 investments in Silicon Valley / San Francisco-based fintechs and 2,614 lead investments .
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