Financial Services

Two New Fintech Projects Totaling Nearly 500 Jobs Announced for Jacksonville

At the Enterprise Florida board of directors meeting held in Jacksonville this morning, Florida Gov. Ron DeSantis announced two Jacksonville fintech projects with nearly 500 new jobs for the city. As financial nearshoring becomes the norm with rising costs in traditional financial centers, the region has experienced much success and will continue to see an increase in projects in the finance, insurance, cybersecurity and financial technology industries. Today’s fintech announcements included:

  • SoFi, a San Francisco-based premium financial services platform, is establishing Southeast operations with 300 jobs and an average salary of more than $54,000. SoFi will be investing $5.5 million in capital investments in a new office to be located in the building in Jacksonville’s Southside; and
  • SS&C Technologies, an fintech company, expanding its operations in its existing Southside Jacksonville office by investing $1.7 million in capital expenditures. The expansion includes 198 new jobs to add to the current employee count of 550 and will offer an average wage of $64,000.

Both companies plan to hire all jobs by the end of 2021.

“Jacksonville’s reputation as a hub for finance and technology continues to grow,” said Jacksonville Mayor Lenny Curry. “This investment is the latest demonstration of confidence in our region, economy and skilled workforce.”

Following the announcement, a panel of Jacksonville financial services companies stated that Jacksonville is becoming a “mecca for the financial services industry.” The panelists, Micah Heavener of SoFi, Steve Levient of SS&C Technologies, Stacy Banner of Fidelity Investments and Anthony Glenn of Macquarie, touted Jacksonville’s growing talent pool, access to higher education and cost of living as assets that are attractive to the financial services industry.