FinTech Sandbox Empowers the FinTech Ecosystem as Alumni Prosper with Strong Financial Performance, Annual Survey Shows
ACCESSWIRE
Program Participants Report High Success Rate With Funding, Customer Acquisition, Employment Growth and Revenue
BOSTON, MA / ACCESSWIRE / April 29, 2021 /FinTech Sandbox, a nonprofit that makes data and infrastructure available to early-stage fintech startups at no cost, today announced the results of its annual survey of current program participants and alumni illustrating the program's positive impact on startup performance, viability and ability to source funding.
Since launching over six years ago, FinTech Sandbox has accepted over 230 startups into its program, many have gone on to grow their businesses based on the support they received in the program. The nonprofit welcomes young companies from all over the world with current participants being 28 percent international and 72 percent U.S.-based. Between 2018 and 2020, the percentage of non-U.S. participants steadily increased from 21 percent to 33 percent.