Stockholm will launch its first FinTech Hub by the end of Q1 2017 as to provide a support system which is aimed to minimize challenges while increasing opportunities for entrepreneurs as the Swedish capital is currently attracting some 20% of overall FinTech investments in Europe but lacks a specialist hub, local news report.
According to plans, specialist knowledge will be shared and collaborations created between entrepreneurs, large banks, investors, regulators and the Swedish government in a building which will contain a co-working space and conference centre and provide an education programme for financial technology startups.
Moreover, it will share connections with 42 FinTech hubs across the world as well.
Stockholm FinTech Hub co-founder and BLC Advisors partner Matthew Argent told the media:
We know there’s going to be challenges with the FinTech companies, the banks, and regulators both here and in Brussels. But if we strive to create an environment where they’re lessened, we’ll be a lot further ahead than we are today.
Find out more here.