February 12, 2020 Comments (0) Views: 479 New York News, Top New York

U.K. Fintech Startup Makes Brooklyn Its U.S. Base

U.K. financial tech startup Curve will open its first U.S. office in Brooklyn, thus becoming the first international fintech company in downtown Brooklyn. As part of the project, Curve will create 185 new jobs by 2024 and invest at least $16.7 million in New York-based research and development over the next decade.

“While New York City has long established itself as the epicenter of the finance industry, we have also become a global leader in tech innovation,” said James Patchett, president and CEO of the New York City Economic Development Corporation. “As we build on that success, we’re proud of our work to attract Curve to downtown Brooklyn, which we believe is the new frontier for a thriving fintech community.”

The location for Curve’s U.S. operations wasn’t immediately clear. In exchange for creating jobs and investing in locally-based R&D, the company is receiving tax incentives from New York State.

Read more at NYCEDC

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