A FinTech State of Mind
June 20, 2024

Georgia is a major hub for financial technology.  

If you’re searching for the epicenter of Financial Technology (FinTech), your GPS will likely point you toward Georgia, U.S.A. While widely known as the “Peach State,” it has branched out from the fuzzy-skinned fruit. The state is home to a booming FinTech industry that has grown to claim the title, “Payment Capital of the World,” as well as the more playful nickname, “Transaction Alley.”

FinTech companies call Georgia their home.

According to FinTech Atlanta, a prominent trade association, there are 245 FinTech companies residing in Georgia, primarily around Atlanta. Altogether these organizations employ 42,000 professionals and include Fortune 500 blue chips, as well as up-and-coming startups, spanning many industries: payment processing, data analytics, blockchain, information security, and many more. These businesses are delivering towering numbers; the 12 public FinTech companies in Georgia alone generate over $49B in revenue, while the state’s early-stage FinTech startups received over $2B in venture capital investment from 2020 to 2022. 

Over 2/3

of U.S. card transactions are processed by Georgia FinTech companies.

Businesses looking for FinTech solutions come to Georgia for its unmatched technology innovation and regulatory support in one accessible location. They also come for its incredible productivity; over 2/3 of U.S. card transactions are processed by Georgia FinTech businesses. Here at InComm Payments, we are honored to be among the state’s FinTech success stories. Operating for over 30 years in Atlanta, our cutting-edge technology has powered commerce for many top-tier global brands and retailers, bringing frictionless payment options and in-demand products and services to millions of consumers. 

Like the wider FinTech industry and our local brethren, InComm Payments has grown tremendously. We have expanded to nearly 2,500 global employees and offer many outstanding opportunities to job seekers looking to join this exciting industry. InComm Payments is proud to be in Georgia and takes an active role in ensuring that the Fintech industry continues to thrive and expand in the state.  

  • To nurture the state’s next generation of FinTech employees, our EPIC Internship Program employs in-state university students in various positions, helping them gain hands-on experience. 
  • Our innovation hub, Go Studio, has partnered with the University System of Georgia to support student capstone projects. The Studio’s ongoing collaborations with local schools like Kennesaw State University are helping inspire future innovators. 
  • InComm Payments is working with the Georgia Fintech Academy and the University System of Georgia to boost student mentoring and networking opportunities. 
  • We play an active role in local and national trade associations, including: 
        • FinTech Metro Atlanta (FTATL)  
        • Technology Association of Georgia (TAG)  
        • American Transaction Processors Coalition (ATPC)  
        • Retail Gift Card Association (RGCA) 
        • Innovative Payments Association (IPA) 
        • Electronic Transactions Association (ETA)
        • Money Services Business Association (MSBA)
        • Metro Atlanta Chamber of Commerce (MAC) 

 For many reasons, doing business in Georgia is peachy keen for enterprising FinTech companies. First, the state provides a growing pool of tech-savvy talent that is ready to hit the ground running. It offers access to one of the fastest information networks in the world. And lastly, the state’s sound economic development policies and strong business development support make it a great place to set up shop. It all makes the Peach State ripe for FinTech investment. 

To learn about partnering with InComm Payments, contact us now. 

Prefer to keep reading? Browse our site for information about our company and our payments solutions. 

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