Concord FinTech Firm Secures State Aid for Expansion, Jobs

CONCORD, N.H. (AP) — Concord Servicing, a leading provider of credit administration software and servicing for specialty finance markets, has received approval for state economic incentives to support its expansion in Concord. The New Hampshire Economic Development Corporation awarded the incentives package, which includes tax credits and workforce training grants, to facilitate the creation of 45 new jobs over the next three years. Company CEO Dhruv Vakharia announced the expansion Tuesday, tying it to recent acquisitions that strengthen its capital markets platform.

The incentives, valued at up to $750,000, come through the state's Business Finance Authority and Advantage NH program, aimed at retaining and growing high-tech jobs in New Hampshire. Concord Servicing, headquartered at 10 Ferry St. in downtown Concord, recently acquired Finley Technologies, integrating advanced credit facility management software for borrowing base automation and investor reporting. This follows the firm's purchase of Orion First, expanding into commercial finance, as reported in industry filings from late 2025.

Local leaders hailed the move as a win for Concord's evolving tech ecosystem. 'This investment underscores Concord's role as a FinTech hub in New Hampshire, building on our proximity to Boston and access to talent from UNH and NHTI,' said Mayor Liz Guilmette. The jobs, averaging $85,000 annually, will focus on software engineering, data analytics and compliance roles, bolstering the state's average tech wage of $102,000 per the most recent Bureau of Labor Statistics data.

The expansion aligns with New Hampshire's aggressive economic strategy under Gov. Chris Sununu, who has championed over $50 million in incentives since 2023 to attract FinTech and biotech firms. Concord Servicing's growth, now serving clients like investment banks and fintech startups nationwide from its Merrimack Valley base, positions the Granite State to capture a slice of the $200 billion global credit administration market projected by 2028.