River Financial Opens Second Midwest Office in Ohio

Bitcoin-focused financial services firm creates global hub for accounting, analytics, cybersecurity, and customer engagement outside of its headquarters in San Francisco, California
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Company Name: River Financial Inc.
Location: Columbus
Industry Sector: Financial Services
Company Profile: Founded in 2019, River Financial is committed to bringing Bitcoin to investors around the world. In March 2021, the company announced it had raised $12 million in Series A funding, which is being used to expand its team and continue building industry-leading financial services to make Bitcoin more accessible to traditional investors.
Company Website: www.river.com

Project Summary:

  • Type of Project: New Location
  • Jobs:
    • Jobs committed: 30
    • Types of jobs: Positions include engineering, cybersecurity, and financial analysts

Company Need:

After raising its Series A funding this year, River Financial began evaluating markets to set up an operations center outside of its headquarters in San Francisco, California. Several cities in the Midwest are growing quickly and many of the company’s clients are on the east coast. River Financial sought to establish a new facility that would serve as its global hub for accounting, analytics, cybersecurity, compliance, and client operations.

Testimonial:

“Following a year of robust growth, we’re excited to expand into Columbus’ innovation ecosystem and continue advancing the adoption of Bitcoin. River Financial has many clients in both Eastern and Central time zones, but very few cities outside of the West Coast have the foundation to support the growing cryptocurrency industry. We are impressed with Columbus’ existing strength in the financial sector and history of innovation, making it an advantageous market for our growth.”
-Andrew Benson, co- founder and COO, River Financial

 

Why Ohio?

River Financial determined that the Columbus Region is the most strategic location to support future success.

Ohio is the No. 5 largest financial services industry in the U.S. The state is No. 5 in top 50 bank headquarters by assets. In addition to Ohio’s financial services advantages, companies can access nearly 75% of the U.S. and Canadian financial services industry within a two-hour flight. With this concentration of financial services companies operating in the state, the advancement of fintech through research, technology and innovation makes Ohio a primary landing spot for financial services and financial technology companies that shape the future of fintech.

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Collaborators:

JobsOhio, One Columbus, the city of Columbus, and the Department of Development