Fintech makes first investments in companies, including 5 from outside U.S.

Story excerpt provided by The Columbus Dispatch.

Written by Mark Williams.

Companies from India, Ireland and Portugal are among the winners in the first round of funding from a group that wants to create the next generation of financial-technology companies in Ohio.

Fintech 71 announced Tuesday that it was awarding $100,000 apiece to 10 companies, five of them from outside the U.S. In return, the companies will set up shop in Columbus and give Fintech 71 a small ownership stake.

Fintech 71 officially got started in April. It operates as a so-called accelerator, offering young companies guidance and financial support so that they can grow more quickly than they otherwise might.

Click here to read the complete article, and see related article in Crain’s Cleveland Business.

Originally published September 12, 2017.

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