Inc. Names Charlotte the 50 Best Place To Start a Business in American [BLKTECHCLT Feature]

No. 22


Fintech startups dominate the North Carolina city best known for, well, banking.

It's no longer the country's second-largest banking center--having dropped to No. 3 last year--but with Bank of America headquartered here and Wells Fargo a major employer, it's no wonder Charlotte has nurtured a new crop of fintech startups. Now the biggest complaint is that the range of businesses isn't broad enough. Local standouts include Red Ventures, which made news last year by acquiring Bankrate; AvidXchange, which reached a valuation of $1.4 billion in 2017; and enterprise software maker Tresata, which became the city's third unicorn in October. Other expanding sectors: advanced manufacturing, logistics, and health. Among those leading Charlotte's charge: Devin Collins, associate director of the University of North Carolina Charlotte's Ventureprise, and Sherrell Dorsey, president and CEO of African-American startup network Blktech Interactive.

--Etelka Lehoczky

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