Why Arizona is the ideal launch pad for Fintech (and other) Startups
In 2018, Arizona became the first State in the Nation to adopt what’s referred to as a “regulatory sandbox” – in practice this means a fintech startup (and here I’m thinking AI-based fintechs but it could be non-AI) can serve up to 10 000 customers for 2 years before they have to get a license. This is huge. Generally, if you’re a brand new fintech startup you had to jump through massive regulatory hurdles, and pay massive fees before you could even think about starting your service. This is a problem because ya can’t very well test your service and...Read more