Singapore's fintech hub plans to push into India, in a bid to tap the country's engineering talent.
Lattice80 plans to open an office in Visakhapatnam, a port city in the Bay of Bengal, by the end of September, the fintech hub's head Joe Seunghyun Cho told «Bloomberg».
Lattice80, which opened last year, has plans to expand to London, New York and the Middle East as part of its growth.
Engineering Bid
The India move is a bid to tap talent in India, which not only has a deep pool of engineering talent, but also low labor costs.
«While it is difficult to find good engineers for tech startups globally, there are millions of them in India,» Cho said. The country is one of the best places to build tech resources.»
Lattice80 firms like online bank Miss Kaya and robo-advisers Bambu and Smartfolios are also looking to expand overseas.
