Level39 and Nest Partner to Create “FinTech Trade Route”

London-based Level39 and Nest, a Hong Kong startup Accelerator Accelerator An accelerator or startup accelerator is defined as fixed-term programs that look to foster investment, connections, sales, and education to kindle growth in a project.Most commonly this effort constitutes a public pitch event, demos, and other forms of marketing. Startup accelerators are most commonly associated with Silicon Valley, a global hub for investing and fintech.Startup accelerators however are a global phenomenon that privately funded as an investment fund. This nature of investing he An accelerator or startup accelerator is defined as fixed-term programs that look to foster investment, connections, sales, and education to kindle growth in a project.Most commonly this effort constitutes a public pitch event, demos, and other forms of marketing. Startup accelerators are most commonly associated with Silicon Valley, a global hub for investing and fintech.Startup accelerators however are a global phenomenon that privately funded as an investment fund. This nature of investing he Read this Term, have announced that they have collaborated to create an "East meets West" fintech partnership. A London-based fintech accelerator and co-working space operator, Level39 has become a hub for cultivating the growth of the UK’s emerging fintech sector. Among Level39’s goals is to help London become the fintech capital of the world.

This is being advanced via numerous innovation partnerships wherein Level39 startup members are introduced to investors and major financial firms such as established banks, insurance companies and asset managers. Expanding Level39’s network, they will now be collaborating with Nest to increase awareness of their members to the Hong Kong and Chinese financial sectors. Nest will also be providing Level39 members with advice about doing business in Asia.

For Nest, the partnership allows them to introduce their startups to Level39’s European network. Startups will also have access to working within Level39’s shared office spaces as well as receiving advice about scaling their operations in Europe.

Commenting about the partnership, Eric Van der Kleij, head of Level39 at Canary Wharf said, “Opening a ‘tech trade route’ is advantageous to both the UK and Hong Kong. Our partnership with Nest will reduce the number of barriers to entry for innovators to global markets, and will make the Nest and Level39 expert teams available to each other’s startups.”

Nest CEO Simon Squibb added, “We see startups from Europe wanting to get into Asia and we see startups in Asia wanting to get into Europe, so this partnership allows us to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term the resources of both organisations to help founders in our respective markets and ensure their ideas reach their full potential. This partnership between Nest and Level39 is beneficial for Hong Kong and London, and startups globally.”