Tampa fintech startup founder wants to construct the Black tech pipeline

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Like most founders, Brian Alvarez-Bailey is confident about a possible exit of his latest startup, a fintech organization called Allison

In any case, rather than taking the funds and putting them toward another venture, retiring, Alvarez-Bailey has greater plans.

“My life mission, not to get all corny but it’s to make it easier for people like me to work for themselves and be job creators,” he said in an interview with Tampa Bay Inno. “Allison is the conduit to grow equity, and with an exit, that can be the cornerstone to build a utopian version of an incubator where there are no barriers. To me, that’s success if I make it easier for a founder to launch a company.”

Alvarez-Bailey isn’t new to the startup scene. Brought into the world in Chicago, he moved towards San Francisco and Austin prior to moving to Tampa in 2019.

“Tampa to me is where Austin was in 2010; it’s a blossoming tech hub,” he said. “And I figured if I got in the space here now, in 10 years. I could be that much more mature to help other founders — specifically Black founders — succeed.”

He launched Allison in mid-October at the Jack Henry yearly meeting, which unites banking and innovation leaders. At its core, Allison links community banks with fintech organizations, Instead of leaving the banks to invest energy and assets launching their own items.

The organization had been named after Alice Allison Dunagan, the 1st  Black female writer to cover the White House. Alvarez-Bailey is the sole worker and desires to onboard around three to five banking partners in the following year. Alongside 10 to 20 fintech organizations that ideally are minority-driven and local.

The company had entirely bootstrapped and eyed a seed round between $350,000 to $1 million while also taking a gander at awards and different roads of funding. Alvarez-Bailey has already formed strong partnerships within the community: He is a new member at startup hub Embarc Collective and in the University of Tampa Spartan incubator.

He is essential for a rising fintech wave that has collided with the region in the last 18 months. And it is powering in enormous part by the Covid-19 pandemic. However, while for some the progressions are happening at fast speed, for Alvarez-Bailey, it’s definitively what requirements to occur.

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