Why Arizona is the ideal launch pad for Fintech (and other) Startups

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