Singapore based Marvelstone Group signed a memorandum of understanding with the Seoul Metropolitan Government to cooperate on financial technology.
Under the agreement, both have pledged to discover and nurture fintech startups in Seoul and to expand opportunities for foreign investors to invest in Seoul-based startups.
The two parties said the memorandum of understanding (MOU) outlines areas for possible collaboration. These will include, but are not limited to: investment and consultancy, fund management, opening a space in Seoul’s startup-supporting area near the financial centre, and joining Seoul’s upcoming Fintech Incubation Centre as a fintech partner.
Singapore Fintech Hub
Marvelstone Group, operates the not-for-profit fintech hub Lattice80 in Singapore which occupies more than 30,000 square feet in the central business district.
«I hope that through this MOU we can work together to grow Seoul’s potential in fintech, while at the same time offering a huge opportunity for Marvelstone’s business, not just in terms of opening more fintech centres but across all its initiatives in the new digital economy,» said Daeho Kim, Director of Investment Promotion of Seoul Metropolitan Government.
