Financial tech firm Finexio is moving its hub from Silicon Valley to Orlando - a move that will open up 10 high-wage jobs, the Orlando Business Journals reported. The startup, which offers a business-to-business commercial payment network, recently decided that the relocation is necessary in order to support its growth.
"Remaining in Silicon Valley no longer made commercial sense for Finexio, our investors or customers," Finexio CEO Ernest Rolfson said, according to the source. "We are working to secure our first major local customer which will accelerate our continued growth nationally and in the region."
The company chose Orlando because of its growing reputation as an innovative city, drawing in professionals particularly in the financial technology industry. This move echoes that of other industry giants such as Deloitte and KPMG, which have ramped hiring in Central Florida.
At its new Orlando-based location, Finexio will be looking to hire professionals to work in its corporate headquarters and engineering department.
According to the Orlando Economic Partnership, another reason Finexio chose Orlando is because of the resources available in the area for hiring software engineers. For example, the University of Central Florida is located nearby, which offers a top-tier engineering school.
"As an internationally recognized city with a strong urban core and a high quality of life, Orlando has become an ideal site for corporate headquarters looking to recruit top talent," Orlando Mayor Buddy Dyer said.