FinTech Sandbox

6 BUSINESS VIEW MAGAZINE VOLUME 10, ISSUE 9 financial institutions, as well as access to the investor community. Further, when your start-up is known to do business with FinTech Sandbox, it only strengthens your credibility. People then know that you are serious, as Fryer emphasizes. Also and most importantly, by being a nonprofit, FinTech Sandbox does not take fees or equities from its start-ups, as Fryer stresses. Instead, corporate sponsorship is a revenue source. “We’re a friend to all in the ecosystem,” she observes, adding that this lack of both alignment and commercial motivation only places FinTech Sandbox in a singularly advantageous position. She also cites some of FinTech Sandbox’s important core long-term partners. They include F-Prime Capital, Fidelity Investments, Goodwin Commonwealth, and MassMutual. “They’ve been wonderfully loyal to us, our mission, and our start-ups since we started,” she notes. By acquiring many useful connections and building up the trust of its start-ups, FinTech Sandbox has gotten to the lofty position in which it now finds itself. Continuing to scale (increasing revenue at a faster rate than costs) the number of entrepreneurs it can reach is amongst a host of its plans, as Fryer points out. “The mission of FinTech Sandbox has remained the same since we started,” she remarked, citing both its 2014 origins and its exponential growth on an annual basis. Fryer continues that her nonprofit can help and enable people in ways that they don’t even realize or perhaps haven’t thought about. It has, she opines, the power to change world problems, from climate change to the housing crisis, and things that are actually beyond merely the financial services industry. “Definitely,” she declares, “we want to be at the forefront.”