Not content with running the largest financial technology hub in Asia, the Singapore based operator is now eyeing the big apple.
Lattice80, a fintech hub based in Singapore, plans to open a New York hub in 2018. Owned and operated by private investment firm Marvelstone Group, the New York unit is expected to be the city’s largest fintech hub in a prime central business district (CBD) location when it opens next year.
As is the case in Singapore the New York unit will focus on venture building fintech projects, providing accelerator opportunities for startups, and supporting the community through investments, Lattice80 said in a press release. Marvelstone Group recently announced plans for fintech hubs in Vizag, India and London.
Building Bridges
Capitalising on New York as the heart of modern banking and investment, the proposed hub will also open a bridge between the U.S. and Asia’s fintech industry and ecosystems.
«We see clear demand to expand our fintech hub businesses to the U.S., we will help New York’s fintech community to expand to Asia through Singapore,» said Joe Seunghyun Cho, CEO of Lattice80 and chairman of Marvelstone Group.
