Adding to Jacksonville’s moniker as the fintech capital of the Southeastern United States, Sweden-based Medius, a leading provider of accounts payable (AP) automation, today announced the opening of its office in Jacksonville. The office will serve as the organization’s new U.S. headquarters, which are relocating from New York City. The new headquarters represent a larger commitment to the Jacksonville community, as it emerges as one of the country’s hottest spots for fintech growth.
The new office location will serve as the home base for more than 100 employees, creating 15 new and local jobs across finance and sales teams. The planned three-year investment follows the company’s 2022 acquisition of OnPay Solutions, a Jacksonville-based invoice payments provider.
Dubbed a “fintech city to watch closely” by Crowdfund Insider in 2021, Jacksonville has continued to blossom. Jacksonville is home to nearly 65,000 financial services employees, a number that continues to grow. The city is currently home to four Fortune 500 companies: Fidelity National Financial, FIS, CSX and Landstar Systems. Medius’ new office is located in the Brooklyn neighborhood of Jacksonville near downtown, accompanied by KPMG and TIAA Bank, among others.
Jim Lucier, CEO of Medius, comments: “Jacksonville is a burgeoning hub for fintech organizations driven by the local talent and proximity to public and private educational institutions like Jacksonville University and Florida State College at Jacksonville. We’re excited to call this city home and bring more skilled locals into the business over coming months. The need to increase headcount follows a year of excellent North American growth as more organizations turn to Medius to improve operations in the Office of the CFO using technological innovation, particularly in AI.”
Aundra Wallace, President of JAXUSA Partnership, comments: “Once a company enters the Jacksonville market with a merger or acquisition, we’re always looking for opportunities to keep them here. This is another example of our emergence as a fintech center and we look forward to working with Medius as they grow in our region.”