Raistone Capital, the New York-based financial technology firm is expanding to New Orleans, Louisiana. The company will establish an operations center in the city’s Central Business District.

“We selected New Orleans specifically due to the strong talent pool and the compelling business case the city made,” Raistone Capital CEO Dave Skirzenski said. “As a fast-growing fintech company, we had to weigh a number of factors when looking for places to grow our business. We couldn’t be more excited about our future in the strong fintech ecosystem that has evolved here over the last several years.”

“Historically, New Orleans has played a key role in the establishment of global trade in agriculture, commodities and financial instruments,” Governor John Bel Edwards said. “Raistone Capital represents a next-generation technology trend for which New Orleans and Louisiana are well-prepared with talented workers and a growing financial services economy.”

“The City of New Orleans is excited to welcome Raistone Capital to our business and technology community as we continue to emerge as a financial technology hub,” New Orleans Mayor LaToya Cantrell said. “I want to thank GNO Inc., the New Orleans Business Alliance and LED for recruiting Raistone to the city and bringing 50 jobs over the next five years. Recently, Orleans Parish was ranked number one out of all 64 parishes in Louisiana for first-quarter workforce development performance. As Raistone expands their operations to our city, they will be met with a strong and skilled workforce that is only continuing to grow.”

“Raistone is a dynamic company that embodies the future of our region,” said President and CEO Michael Hecht of GNO Inc. “As we continue to diversify the region’s economy, we see a great opportunity in the fintech sector, which leverages our success in tech, and builds on the region’s historical standing in finance. Our shared commitment is to build an economy where everyone has the opportunity to participate, and we are proud that Raistone shares that same objective. We look forward to the growth of Raistone and the fintech sector in greater New Orleans.”

“The fintech cluster continues to expand in New Orleans, strengthening our community’s ties to the global tech economy,” said President and CEO Quentin L. Messer Jr. of the New Orleans Business Alliance. “Raistone Capital’s expansion to this market demonstrates the strength of our tech ecosystem and our local talent. We welcome Raistone Capital and look forward to supporting their growth and success in New Orleans.”