FinTech Magazine October 2024 | Page 49

SAN FRANCISCO
TOP 10

SAN FRANCISCO

VC : US $ 3.8BN RAISED BY FINTECHS IN 2023
BNPL USERS : 43.8 % OF 25-34 YEAR OLD ’ S IN SF HAVE USE BNPL
KEY COMPANIES : STRIPE , SOFI , CHIME
San Francisco is the leading fintech hub . In 2023 , the city ’ s fintech companies raised US $ 3.8bn across 176 deals , maintaining its position as a top global hub . Home to over 600 fintech startups , San Francisco benefits from proximity to Silicon Valley ’ s tech talent and venture capital . The city hosts major events like FinovateSpring , attracting 1,200 + influential attendees annually . San Francisco ’ s fintech ecosystem is supported by accelerators such as Y Combinator and 500 Startups , which have nurtured unicorns like Stripe and Chime . The city ’ s financial district , housing 30 of the top 100 US banks , provides a unique environment for fintech-traditional finance collaboration .
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