The New York metropolitan area has overtaken San Francisco as the top location in the US for fintech deals, accounting for 30% of all investment activity last year and approximately $5.6 billion of the $18.8 billion total spend.
Austin, Texas, also cemented its status as a preferred location for venture investment, having attracted more than $2 billion every year since 2018. This has translated into Austin outpacing the overall national picture in terms of both high-tech employment and startup births.
These are just some of the headline findings in J.P. Morgan’s recently released 2025 Startup Insights report, which examines key trends in the innovation economy.
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