Thursday 27 March 2014 – Media Release
Level39 announces partnership with New York’s Fueled Collective on Day 4 of FinTech Week
Eric Van der Kleij, Head of Level39 at Canary Wharf, today launched Day 4 of FinTech Week by announcing a new partnership with ed co-working spaca leading New York-base, The Fueled Collective, which will open a two-way door into the transatlantic market for FinTech start-ups and high growth companies.
Speaking this morning to some of the most influential leaders in the FinTech and financial services sectors, 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.”
The Fueled Collective is a co-working space in Manhattan which has grown into a family of 20 of the most exciting start-ups in New York. Located in the Prince Building in Manhattan’s SoHo district, current members include Coinsetter, the venture capital-backed Bitcoin trading platform and Movable Type, a blogging and web content management platform powering the Huffington Post, Harvard Business Review, Sony Pictures others.
Rameet Chawla, founder of The Fueled Collective, said:
“New York and London are two of the world’s leading cities for tech startups, 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.”
Level39, an official sponsor of FinTech Week, is the largest technology accelerator of its kind in Europe and has become London’s predominant community for financial technology innovation and is growing as a centre for retail and future cities technology. It was established by Canary Wharf Group plc in March 2013 to offer growing tech businesses unrivalled access to office, event and social facilities, plus introductions to potential new customers, partners, mentors, talent and investors.
Day 4 of FinTech Week brings together leading figures in financial services, banking and insurance to discuss the impact of disruptive technologies on their sectors and the opportunities for technology to transform legacy processes and ageing systems.
For further information, please contact:
Canary Wharf Group plc
+44 (0)20 7418 2326
+44 (0)20 3727 1370
NOTES TO EDITORS:
1. About FinTech Week
FinTech Week comprises five days of conferences and events which aim to unite London’s newly-established and fast-growing financial technology community. It has engaged the full spectrum of FinTech sector players and the customers they target, from international businesses to start-ups.
Luis Carranza, Founder, FinTech Week, said:
“It’s great to see the FinTech community coming out in full force. You can sense that something big is happening in London’s financial services industry and I’m just glad to be a part of it. If there’s one start-up sector that London can truly own, it’s FinTech. But, in order to succeed, the financial services industry must come together, old and new. This is starting to happen.”
Andries Smit, Transformation Director and Disruptive Innovation Lead for Aviva Group, the Day 4 sponsor, said:
“We believe the next ten years is going to see some significant digital disruption and fast-paced tech innovation in financial services. London is ideally placed for this as the heart of global financial services industry and in the eye of the FinTech storm. Aviva is partnering with the FinTech and startup community to take a hard look at how insurance could bring extra value to customers.”
Jeff Lynn, CEO of Seedrs, one of the speakers on Day 4, said:
“As active participants in the London FinTech scene, we’re proud to be sharing our experience with aspiring entrepreneurs as part of FinTech Week. Equity crowdfunding is a great example of how FinTech is opening up new markets and new industries.”
2. The Canary Wharf technology, media and telecommunications community
TMT sector occupiers already employ 7,000 at Canary Wharf and range from innovative financial technology companies and IT consultancy businesses, to advertising and media groups and business information providers. TMT companies at Canary Wharf include:
The Economist Group
Oracle Financial Services Instinet
In March 2013, Level39 was officially opened at One Canada Square, Canary Wharf. Level 39 is Europe’s largest accelerator space for financial, retail and future city technologies. Canary Wharf Group also recently launched Wired Wharf, a social network for the technology, media and telecomms community in Canary Wharf and beyond. Canary Wharf is an excellent place to base a technology, media and telecommunications business because of access to talent, investment, customers; the ability to build bespoke office space and the quality of infrastructure, environment and lifestyle. Following the high demand of applicants to Level39 and the success of the high growth companies, Canary Wharf Group opened a high growth space (15,000 sq ft) on the forty-second floor of One Canada Square in October.
Business IT company Infosys has recently opened its Experience Centre at its Canary Wharf offices at 10 Upper Bank Street. The Experience Centre is a showcase for new software for Infosys’ clients and prospective clients.
Canary Wharf tenants like Citihub, Instinet and Ricoh are providers of high-frequency and event-driven trading platforms which are driving innovation in the financial services sector.
Canary Wharf is home to various members of the WIRED 100 (Wired magazine’s list of digital power brokers) over the past few years. Jane Moran, Chief Information Officer of Canary Wharf-based Thomson Reuters, was recently named one of the 10 most powerful women in the tech sector.
3. About Canary Wharf Group plc
Canary Wharf Group plc is an integrated property development, investment and management group of companies. Canary Wharf has a working population of over 100,000 people in a diverse range of sectors for some of the world’s leading companies. It has paved the way for the regeneration of London’s Docklands and one in five Canary Wharf workers now lives in a local East London borough. It has helped London and the City consolidate its position at the centre of the business world.
The Group has plans in place to continue to develop Canary Wharf in the coming years. This will be in parallel with other central London developments such as the Shell Centre on the South Bank (in a joint venture with Qatari Diar) and 20 Fenchurch Street in the City of London (in a joint venture with Land Securities). The Group is currently constructing the Canary Wharf Crossrail Station ahead of schedule and on budget, which received the Crossrail tunnel boring machines in 2013.
Wood Wharf is an exciting new project for Canary Wharf Group plc which represents the continued redevelopment of East London almost 30 years after the original transformation of Canary Wharf began.
Canary Wharf Group plc submitted a new Planning Application for a Mixed Use Urban Neighbourhood on Canary Wharf’s Eastern Edge in December 2013 to the London Borough of Tower Hamlets.
The revised masterplan will create a strong and complementary mix of uses, and provide new homes, offices and retail spaces set within a network of streets and public spaces, designed to support the social life of new residents, employees and the surrounding community.
The Masterplan provides for 4.9 million sq ft of mixed use development comprising:
• 3,100 residential units
• 1.9 million sq ft of commercial offices
• 270,000 sqm of retail space including shops, cafes and restaurants
• 87,000 sqm of hotel space
• 3.6 hectares (8.9 acres) of interconnected public spaces
The new neighbourhood will offer a range of homes from park-side townhouses and affordable housing to luxury penthouses in some of London’s tallest residential buildings designed by world-class architects.
The new offices will appeal to a range of tenants but with a focus on creative media, technology and telecommunications.