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Financial Technology

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Financial technology is a fast-growing area – both in Minnesota and worldwide. Startups and well-established companies are developing new digital financial services such as mobile payments, money transfers, asset management, loans and fundraising.

Minnesota has more than 60 small businesses and startups in the financial technology arena. Among them are Apruve, Sezzle, Total Expert and Upsie.

More established firms also are active in this area, including U.S. Bank, Wells Fargo, Deluxe Corporation, Digital River and Wolters Kluwer, just to name a few.

Information technology received 48 percent of the $495 million Minnesota received in venture capital investments in 2017, according to the PwC/CB Insights MoneyTreeTM Report.

The state of Minnesota offers incentives and assistance to help entrepreneurs and startups.

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