LHoFT Foundation, B-Hive Partner to Promote Fintech Industry Across Europe

As part of the LHoFT delegation at the Paris Fintech Forum held on 30 & 31 January at the former stock exchange in the very heart of Paris in Palais Brongniart, the Luxembourg House of Financial Technology Foundation (LHoFT) signed a new Memorandum of Understanding (MoU) with the Belgian Fintech hub B-Hive.

This MoU was signed on Tuesday 30 January by Ellen Thijs, VP Business Development of B-Hive, and Nasir Zubairi, LHoFT CEO, and witnessed by Pierre Gramegna, Luxembourg Finance Minister, as well as Johan Van Overtveldt, Belgian Finance Minister.

The Memorandum of Understanding was signed during a LHoFT invite-only cocktail at the Paris Fintech Forum gathering key representatives of the Luxemburg Fintech community, corporate partners and members of the B-Hive delegation, Fintech startups as well as other delegates attending the Forum. The objective of the two hubs is to work on collaborative initiatives and further promote the FinTech industry across Europe for the benefit of the whole industry.

A direct action will follow the signature of this MoU as the LHoFT will welcome a B-Hive delegation on 15 February where Luxembourg and Belgium Fintechs will have the possibility to discuss, exchange best practices and collaborate towards new business deals.

Pierre Gramegna, Luxembourg Finance Minister, stated “Luxembourg and Belgium enjoy a profound friendship and have extensive ties in all fields. The agreement between B-Hive and the LHoFT will strengthen our relationship in the field of Fintech and help foster important synergies between Belgian and Luxembourg players.”

Johan Van Overtveldt, Belgian Finance Minister, stated “I am very pleased that we can activate once more an old partnership between two founding members of the EU, Belgium and Luxembourg. I am convinced this cooperation on fintech and new technologies will strengthen the BELUX Tech4Fin ecosystem, giving a further boost to the economic development and prosperity of our region. By working together with LHoFT, we open up even more doors for tech-for-fin startups and scale-ups in the region for growth. I am very pleased we can facilitate the international matchmaking as a start for their business development.”

Nasir Zubairi, CEO of the LHoFT, commented “This cooperation agreement with B-Hive and the LHoFT Foundation is the confirmation of the strong and trusted relationship between two core Fintech hubs across Europe. The agreement seeks to cement the historical bond between Belgium and Luxembourg, valuing cooperation that is paramount to promote Fintech in Europe.”

Ellen Thijs, VP Business Development of B-Hive, added: “B-Hive is proud to collaborate with the LHoFT Foundation and work together on the expediency of further cooperation in several areas, including a mutual exchange of trends, research and more. We will continue to build upon this relationship on February 15 when a B-Hive delegation will visit Luxembourg and connect our community face-to-face with LHoFT’s community.”​