Provo, Utah is best known as the home of Brigham Young University. But according to recent reports, it’s also widely known as a great place to invest in new businesses. Provo ranked above bigger cities like Philadelphia in terms of venture capital invested, with local businesses raising more than $460 million in 2014. Provo is also one of three cities with Google Fiber.
Here are some startups attracting attention -- and money -- to Provo.
MX, formerly known as Money Desktop, is a financial tech business that develops omnibanking technologies. In other words, MX, develops applications that offer access to financial services across a variety of channels -- all while prioritizing a user’s experience and individualized needs. MX has raised $20 million in capital since its founding in 2010.