To Organize Online Meet-up with Luxembourg Investors and Financial Industry Experts
Seoul Fintech Lab, launched by the Seoul Metropolitan Government in an effort to make the city one of the world’s financial centers, will hold an online meet-up 10X Extension in Luxembourg on November 26 for networking and investor relations sessions between domestic companies wishing to set up business in Europe and European investors and financiers.
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“Already, there are several fintech startups setting up shop in Luxembourg. Through this online meet-up before a full-fledged entrance to the European market, we hope to promote our services to European audiences while securing potential client firms with privacy protection issues.”
The event is designed to provide business matching opportunities for those startups within Seoul Fintech Lab with Luxembourg investors, fintech firms, and financial industry experts.
The Grand Duchy is considered a fintech capital of the world for offering law barriers to entry by providing tax incentives and fast approval. As establishing a corporation in Luxembourg is equally recognized in other European Union member nations, it provides a good opportunity to move into other European countries. That’s the reason the country is called the destination to get a visa for EU-wide business.
Many international corporations such as eBay, Skype, Amazon, and Rakuten have their European headquarters in the country, while PayPal, a major fintech firm, was given an approval for establishing a bank there.
The day’s event will be started with the welcome speech by Stéphane Pesch, CEO of the Luxembourg Private Equity & Venture Capital Association (LPEA), followed by the introduction to the ecosystem of Seoul Fintech Lab and the Luxembourg fintech, as well as the panel discussion on the collaboration between conventional financial institutions and fintech businesses.
Afterward, Seoul Fintech Lab startups such as BC Labs, Spiceware, XQuant, Quotabook, and Finhaven will pitch for their business, with a Q&A session with Luxembourg participants at the end.
