Zurich, June 28, 2018 – Grow VC Group, a leading global FinTech holding company, moves its European office from London to Zurich on July 1. The holding company focuses on managing ownerships and coordinating group activities and this move has no impact on operative companies or their businesses. The Group’s head office is located in Hong Kong and the North America office in New York. The majority of operative companies are headquartered in the US.
German, French and Italian version of this text available:
Die Grow VC Group verlegt ihre europäische Niederlassung von London nach Zürich
Grow VC Group va transférer son siège européen de Londres à Zurich
Grow VC Group trasferisce la sua sede europea da Londra a Zurigo
FinTech business is growing rapidly in the whole of Europe. Switzerland has a good central location in Europe, excellent global connections and strong reputation and business in finance. Jouko Ahvenainen, Grow VC Group Chairman, comments the move “we see Switzerland as an excellent location for finance business in Europe, especially when our companies have more business also in German speaking countries, France, Spain and Italy. We have also seen Switzerland develop to adapt new innovative finance models, including blockchain and crypto finance.”
Ahvenainen continues “Brexit has an impact on the decision. We prefer places that are open for international business, able to offer a stable international environment and have well educated technology talent pools. FinTech is more and more based on advanced technology and data which can be challenge for London, where competence is deeper in finance instruments than disrupting the industry with technology. Brexit has more practical influence on our operative companies than the holding company.”
Grow VC Group’s operative companies are also conducting their own evaluations about best locations in Europe and will announce more about their office locations later in this year. The Group sees growth around Europe at the moment, when also more traditional finance institutions have started transitions to new technologies and services. Outside Europe the Group sees growth especially in emerging markets, where many people have been outside financial services and now they transition directly to use new services. The Group’s companies have made new significant contracts, for example, in Vietnam and Indonesia most recently.
Jouko Ahvenainen, Co-Founder & Chairman
Est. 2009 Grow VC Group is the global leader of fintech innovations, digital and distributed finance services. Our mission is to make the finance services more effective, transparent and democratic. The Group includes leading fintech companies in their own areas.
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