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Peer2Peer Finance News | September 23, 2019

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New fintech hub opens in Belfast

New fintech hub opens in Belfast
Tim Evershed

A NEW fintech hub has opened in Belfast to give the city its first co-working space for firms in the sector.

The Catalyst Belfast Fintech Hub is part of a partnership between Danske Bank and Catalyst Inc.

It is located on the ground floor of Danske Bank’s Belfast headquarters.

The Catalyst Fintech Hub is dedicated to the growing cluster of local early-stage technology companies operating in the finance space who are ambitious to scale and expand into new markets.

Catalyst Inc and Danske Bank have announced fintech company Finmondo as the first company to join the new hub.

“We are delighted that the Catalyst Belfast Fintech Hub is now open as it allows us to showcase this fantastic working space in the heart of the city centre,” said Steve Orr, director of connect at Catalyst Inc.

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“This is an exciting opportunity for Belfast and the wider region to grow our existing fintech sector by nurturing, supporting and encouraging fintech entrepreneurs and innovators.”

The hub offers 24/7 access for members and features dedicated office suites, permanent desks and a unique event space inside a former bank safe.

It also provides members access to a dedicated growth adviser and community manager, as well as the networks of Danske and Catalyst.

“The potential of the fintech sector in Northern Ireland is yet to be fully realised, but we believe there is a real opportunity for local start-ups and financial institutions to work together to put it on the global map,” said Vicky Davies, managing director of strategy and corporate development at Danske Bank.

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“To grow any part of the tech sector it is important for early-stage companies in the field to feel like they have a community.

“This space will support innovation, helping high potential start-ups in the fintech sector who are reaching the point in their lifecycle where they need to scale up but don’t yet need their own office.

“I hope the fantastic environment we have created will give those in the fintech sector the impetus they need to grow their businesses by providing the opportunity to collaborate and expand their networks.”

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