Singapore’s Infocomm Investments will be opening a new London office to become part of the growing fintech scene. They are also looking to invest in Startupbootcamp Fintech.
InfoComm’s investment in Startupbootcamp is a strategy to work with more European start-ups and to ultimately move into Asian markets. The investment in Startupbootcamp is also needed for another programme of this kind to open up in Singapore.
Backed by the Singapore government, Infocomm is offering up its $200 million fund to European start-ups for the first time.
Infocomm chairman, Steve Leonard, stated: “Because Singapore is a strong start-up hub in Asia, we want to bring our great start-ups to London.
Infocomm plans to invest millions in developing European start-ups.
Leonard said he saw London and Singapore as perfect partners, adding: “We see London as our gateway into Europe and we want London to see Singapore as the best gateway to the booming Asian markets.”
Heading up the London office is Zach Tan who believes London to be a â€œglobal technology hubâ€.
Tan stated: “London is home to high growth, high-tech businesses ready for global scale.
“London is Europe’s leading finance market and its tech sector is following suit”.
By: Kirsty MacGregor
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