Level 39, the UK-based technology accelerator formed by property development and investment group Canary Wharf Group, has announced a “friendship agreement” with Fueled Collective, a co-working space in New York, at Fintech Week, a five-day event held in London to promote the city’s financial technology community.
The announcement was made Eric Van der Kleij, head of Level39, in his introduction event to the Aviva-sponsored conference.
Van der Kleij said: “During Level39’s first year as Europe’s leading centre for FinTech innovation, we have learnt that our companies have the potential to transform the financial services sector on a global scale. As we enter our second year, we will focus on shining a light on the FinTech sector, and better connecting our companies internationally. FinTech Week is the ideal platform for Level39 to announce its new partnership agreement with the Fueled Collective of New York.
“This gives our FinTech members an important transatlantic gateway through which to expand their businesses into the global financial community, and offers US startups a route into Europe.”
Level39 claims to be Europe’s largest technology accelerator space for finance, retail and future cities technology companies, while Fueled Collective is a co-working space located in Manhattan, New York. The partnership is expected to nurture startups and present them with the opportunity to tap into the transatlantic market, a move that is expected to benefit high growth companies.
Rameet Chawla, founder of Fueled Collective, said: “New York and London are two of the world’s leading cities for tech start-ups, and this is just the first step in a partnership that we hope can be an example to other accelerator spaces in the US and UK, and around the world. The digital economy is one of the fastest growing spheres of the market – and we need to nurture this growth to stay ahead of the curve.”