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Columbus, Ohio – River Financial Inc., a Bitcoin-focused financial services firm that enables clients to easily integrate Bitcoin into their investment portfolios and broader financial strategies, has announced plans to open a new operations hub in Columbus, Ohio, creating 30 new jobs, pending local approvals. Hiring for engineering, accounting, cybersecurity and financial analysts will begin immediately.
River Financial’s new operations center will serve as its global hub for accounting, analytics, cybersecurity, compliance and client operations. 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, ultimately determining that the Columbus Region was the most strategic location to support future success.
“Following a year of robust growth, we’re excited to expand into Columbus’ innovation ecosystem and continue advancing the adoption of Bitcoin,” said River Financial Co-Founder and COO Andrew Benson. “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.”
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.
“As the finance sector continues to transform with the introduction of new technologies, we plan to welcome more industry innovators like River Financial into our market,” said City of Columbus Mayor Andrew J. Ginther. “Few markets in the country and even fewer in the Midwest have a presence in the cryptocurrency capital markets, so we view this as an opportunity to build our reputation as a leader in cryptocurrency.”
Finance and insurance comprise the top private sector by economic output in the Columbus Region. Global banking institutions, national insurance and service providers, and emerging technology companies are all proud to call the Columbus Region home. Columbus is home to JPMorgan Chase’s second largest employment market in the world as well as high growth companies like Root Insurance, Upstart, Beam Dental, Bold Penguin, and Homeside Financial, which position the Region as a fintech and insurtech hub. The City of Columbus is located in Franklin County, which is home to an estimated 1,316,756 residents.
“Ohio has a strong heritage of advancing the nation’s financial services sector, and we are proud that River Financial chose to expand its West Coast operations to Ohio to continue the transformation of this industry,” said JobsOhio President and CEO J.P. Nauseef. “River Financial is experiencing rapid growth in the Bay Area, and we look forward this innovative company converging tech and finance with talent from Ohio.”
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About River Financial Inc.
Based in San Francisco, River Financial is a client-first financial institution dedicated to providing financial products and services that enable our clients to harness the transformative possibilities of Bitcoin. As the economy is transformed by Bitcoin, River Financial products and services are at the forefront of that evolution. We have made a commitment to building financial solutions that power a radically more fair, transparent, and efficient global economy made possible by Bitcoin. While Bitcoin continues to redefine our global financial system, we are committed to guiding each client towards a secure, autonomous financial future. Learn more at www.river.com.
About the City of Columbus, Ohio
The City of Columbus is the 14th largest city in the United States with a population of 879,170 residents. The Columbus economy is balanced with a combination of education, technology, government, research, insurance and health care entities as major employers within the City. Columbus is gaining nationwide recognition for its booming downtown, historic neighborhoods, arts and sporting districts, open attitude and a noticeably affordable quality of life. Learn more about the City of Columbus at columbus.gov/development/Economic-Development.
About JobsOhio
JobsOhio is a private nonprofit economic development corporation designed to drive job creation and new capital investment in Ohio through business attraction, retention and expansion. The organization also works to seed talent production in its targeted industries and to attract talent to Ohio through Find Your Ohio. JobsOhio works with six regional partners across Ohio: Dayton Development Coalition, Ohio Southeast, One Columbus, REDI Cincinnati, Regional Growth Partnership and Team NEO. Learn more at www.jobsohio.com. Follow the company on LinkedIn, Twitter and Facebook.
About One Columbus
As the economic development organization for the 11-county Columbus Region, One Columbus’ mission is to lead a comprehensive regional growth strategy that develops and attracts the world’s most competitive companies, grows a highly adaptive workforce, prepares our communities for the future, and inspires corporate, academic and public innovation throughout the Columbus Region. One Columbus expertly guides companies through the location decision process. Through strategic business outreach and customized research, the One Columbus team leverages public, private and institutional partnerships to grow the Columbus Region’s economy and strengthen its national and international competitiveness. Funding is received from more than 300 private organizations, local governments, academic institutions and JobsOhio. Learn more at ColumbusRegion.com.
One Columbus Media Contact
Amy Harman
614-225-6070
ah@columbusregion.com
River Financial Media Contact
Natalie Mutch
415-878-3375 ext. 820
media@river.com