- LATTICE80 expands its Fintech Hub in Hong Kong in October 2018
- LATTICE80 plans to expand the space up to 200,000 sqft in Hong Kong and China
- LATTICE80 Hong Kong will host Blockchain Accelerator Program to support United Nations’ 17 Sustainable Development Goals (SGDs)
Hong Kong, October 22 2018 — LATTICE80, the World’s Largest Fintech Hub headquartered in London opens a new Fintech Hub in Hong Kong.
The new location is in Sha Tin where a number of universities and Science Park are located nearby, It is also close to the border of Shenzhen, China.
Joe Seunghyun Cho, Co-founder and Founding CEO of LATTICE80 commented, “We believe Hong Kong is the right place to be a connection point for Belt and Road Initiative. Hong Kong, being a traditional financial and trading hub to connect Asia and Europe, has the world’s best exit market and access to global investors that budding fintech and blockchain startups would look for.”
“Plus, the timing is perfect for opening Hong Kong and China. Fintech in Hong Kong has much growth potential compared to the size of its finance industry. I believe Hong Kong will be a leader in Fintech in Asia for the next 1-2 years and the right place to bring the best fintech innovations embraced in China to the outside of the world.”
“Instead of opening a space in the central business area, LATTICE80 Hong Kong space is strategically chosen its location to be in Sha Tin, where you can drive to Shenzhen within 20 minutes.” said Marvelstone Group CEO, Gina Heng.
She added, “We believe China is the best case study to bring Fintech innovation to support new emerging markets and the traditional markets at the same time. As of today, 70% of the world’s population is still living less than 10 dollars a day and legacy banking system is not catered to support this market. What fintechs in China, such as AliPay and Wechat have done are phenomenal. Last 20 years, they brought the most advanced financial services to the unbanked and the underserved directly.”
LATTICE80 will also launch Blockchain Accelerator Program to support United Nations’ 17 Sustainable Development Goals (SGDs).
More details will be announced at Hong Kong Fintech Week.
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LATTICE80 is the World’s Largest Fintech Hub backed by Marvelstone Group, to connect (1) Fintech Startups, (2) Financial Institutions & Corporates, (3) Government Institutions and (4) the Public to build an ecosystem conducive to creating next-generation financial products and services.
The result is a community-driven ecosystem that brings innovative financial services to the existing market and reaches out to the unbanked and the underserved individuals and SMEs.
LATTICE80 is in support of global initiatives with social impact, especially with the United Nations’ 17 Sustainable Development Goals (SDGs).
With 11,000 Fintech Startups and 200,000 professionals in its community database. It offers (1) co-working spaces, (2) startup accelerators, (3) corporate innovation programs, 4) education programs and 5) AI-powered Global Fintech Database.
Its AI powered Global Fintech Database provides a robust platform for identifying trends and opportunities based on market data and co-relating custom variables developed over time to gather investment information and find partners for collaboration.
LATTICE80’s Angel Investor Network aims to bring together 40,000 angel investors in 200 cities and 100 partner funds to create regular co-investing opportunities, along with the LATTICE80 Accelerator Fund.
About Marvelstone Group
Marvelstone Group is a private investment group. We take on a global and diversified approach in developing new innovative businesses in both developed and emerging markets. We seek to be a cornerstone investor to bring forth positive development and social impact to local communities.
About Joe Seunghyun Cho
Joe Seunghyun Cho is Co-founder and Founding CEO at LATTICE80 & Co-founder and Chairman of Marvelstone Group.
In his long investment career, Joe has held various leadership positions from CEO of Yozma Ventures (including Managing Partner / Head of Private Equity of Yozma Group Asia) based out of South Korea, to co-founding a hedge fund and asset management company in Hong Kong, Singapore and New York.
About Gina Heng
Gina Heng is the CEO of Marvelstone Group. Gina Heng also founded MissKaya.com, a women-centric financial services platform, under the Marvelstone Capital (a portfolio company of Marvelstone Group).
Prior to founding Marvelstone Group, she was a venture partner at Yozma Ventures (Korea) and co-founded asset management firms, One Asia Investment Partners and Leonie Hill Capital in Singapore. Gina has also worked at Bank of Tokyo-Mitsubishi and Cerulli Associates, where she gained expertise in sectors such as asset management, telecommunications, commodities and infrastructure, in Southeast Asia, China, India and Australia. She holds a B.A. in Political Science and Economics from University of Pennsylvania.