Fintech Hub Lattice 80 will relocate its global headquarters from Singapore to London. What does it mean for the Singapore operations?
The Singapore unit of Lattice80, once touted as the largest fintech hub in the world, is being downgraded. Lattice80 announced it will switch its global hub to London, according to a statement sent to finews.asia on Friday. The fintech hub added it will keep the operations in Singapore to cover Southeast Asia.
Rumors in October 2017 had circulated in the tight-knit fintech startup community of Singapore that something was up at Lattice80's high-profile 80 Robinson Road premises.
The fintech hub originally occupied 30,000 square feet across the two floors, and housed about 85 start-ups at its peak. However Hong Leong Holdings, the owner of the building took back the premises on December 1, 2017.
Not a Proper Company
The hub's founder and CEO Joe Seunghyun Cho told finews.asia in June 2017 that Lattice80 is a special kind of fintech hub. «We aren’t merely a co-working-space or fintech accelerator,» said Cho. «And we aren’t actually a proper company either, but more of a private independent organization that aims to be at the pulse of the fintech and startup community in Singapore and the whole world,» he added.
Lattice 80 recently announced it would conduct its own initial coin offering (ICO) and will start private sales globally.
