Stockholm FinTech Hub launch likely in Q1 2017

The Stockholm FinTech Hub, an independent, not-for-profit innovation hub will be launched officially in the first quarter of 2017. This hub will be a physical platform for fintech companies, where all parts of the Swedish FinTech ecosystem can communicate, collaborate and integrate.

The initiative is a collaborative effort by Matthew Argent, Partner BLC Advisors, KPMG, and NFT Ventures. The hub aims to accelerate and promote the development of Swedish world-class fintech, InsurTech and RegTech startups and high growth companies, the release stated.

“The ecosystem of fintech startups and high growth companies in Sweden is one of the best in the world. But to keep the excellent standards up in a global market we need to evolve the support ecosystem that supports these companies. Stockholm has some exceptional ‘horizontal’ general tech co-working spaces, meet-ups, accelerators, and investors. We are now at the stage where ‘verticalised’, specialized environments need to be created that allow fintech founders and entrepreneurs access to a support system that can tackle the challenges and maximize the opportunities that are specific to fintech companies” Matthew Argent, co-founder of the Stockholm FinTech Hub and partner BLC Advisor said.

Apart from KPMG and NFT Ventures, the steering committee of Stockholm FinTech Hub includes Invest Stockholm, Synch Law and a number of other significant players within the fintech ecosystem.

"Stockholm has a long history of innovation in the financial industry and is today the second leading FinTech city in Europe. We are very excited that Stockholm will now get a physical hub where people from different backgrounds can meet, exchange ideas and create new innovations," Anna Gissler, CEO Invest Stockholm said.