Foreign 'FinTech' companies flock to Atlanta - CBS46 News

Foreign 'FinTech' companies flock to Atlanta

Posted: Updated:
(Source: WGCL) (Source: WGCL)

Dozens of foreign financial tech, or FinTech, companies have chosen to call Atlanta home in recent years, a migration spurred by the area's relative affordability and friendly business climate.  No less than 50 foreign companies have offices in the city, according the Atlanta Metro Chamber of Commerce.

"To bring my family here from London and settle here, it was an easy decision," said Georgina Nelson, the founder and CEO of TruRating, a company that helps other companies track customer satisfaction with products and experiences.

"We work with the payments companies, and Atlanta has transaction alley, where 70% of the U.S. payments are processed," she said.  "So all of our partners were initially here."

Meanwhile, other FinTech companies are still seeking to open offices here.

"There's a lot of financial companies already here, a lot of the big banks have been here for many years, some enormous corporations," said Jordan Lawrence, CEO of Payments and Cards Network, based in England.  He spent much of the week in Atlanta, looking for office space and to invest in business relations with potential partners.

"We're in Asia, we're in Europe, and now we're coming here for the long term to help our community grow," he said.

Both he and Nelson cited the affordable rent and living prices, compared to the west coast and New York, as reasons why Atlanta was able to attract their business.

Copyright 2017 WGCL-TV (Meredith Corporation). All rights reserved.