Miami is growing faster than any other startup hubs in a new ranking release by Stripe.
Stripe is a payment processing firm, putting it in position to see startup growth.
“Miami’s growth has indeed been quite striking in our data: detected breakout companies are up by 89% in 2021/2022 as compared to 2016/2017,” Stripe said in a letter.
Miami also now ranks higher than Austin as one of Stripe’s to startup hubs in the US.
In the US, only the Bay Area, New York, and Los Angeles now rank higher than Miami as a startub hub, Stripe said.
The only startup hub worldwide that grew faster than Miami over the past five years was Tokyo, according to the ranking.