Last Updated on March 2, 2024 by Asfa Rasheed
There are many reasons why Miami is a natural choice for Fortune 500 companies, mid-market companies, and even startups. Among these reasons are the dynamic business climate, low taxes, multilingual workforce, and quality of life.
Miami is the largest and most influential central business district in Florida. The city is famous because of the many major banks, courthouses, cultural and tourist attractions, parks, large residential population, and schools.
In fact, the city also boasts of a number of startup companies that are founded between 2018 and 2020 which are responsible for shaping the growing tech ecosystem in Miami.
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First Card Payments.
This company high risk merchant accounts for businesses and for business owners who would otherwise struggle to find support from the established banking industry. We take a chance on businesses who need help reaching their customers.
This company aims to build emerging technologies education accessible to everyone. Founded in 2018, BetaBlocks focus on e-learning, which offers courses with topics related to artificial intelligence, blockchain for business, cloud infrastructure, cybersecurity, and Internet of things.
Another promising company is called Dinely, which was founded in 2018 under the hospitality industry. This company enables diners to eat out at local restaurants at discounted prices. Participating restaurants will provide discounts to patrons through the company app during low-traffic times of the day. Thus, diners can make free reservations and be able to enjoy their meals at a lower price.
This is another Miami company founded in 2018 that creates software to help businesses increase revenues and profit margins. Accordingly, aXpire is building a couple of products estimated to earn and save businesses hundreds of thousands of dollars each in the optimization of invoicing and reducing wasted time, among others.
A company co-founded by Olympic star Usain Bolt in 2018 is now aiming to redesign urban mobility with safe, smart, and sustainable transport solutions. The business now has a total investment of $30 million at a valuation of $100 million.
In 2020, Fanatiz got its break after closing its $10 million Series A funding round as an over-the-top sports streaming service. The company is focused on a niche that distributes live and on-demand content from top soccer leagues in Latin America and matches from La Liga in Spain.
But you might be wondering why Miami has become the top location for small business growth. The answer lies in its diverse economy, as a gateway for exporters and importers to Latin America.
This means that it is not just the weather that brought investors into the city. As a matter of fact, aside from the real estate and construction boom in 2019, it has also become a hub for travel and tourism. Moreover, it is the media capital for broadcasting in the Spanish language.
If you are thinking of founding your own business in the city of Miami, it is important that you are able to provide convenience in the purchase of goods and services to your customers.