FINOLAB is a Japanese fintech hub situated in Tokyo

Singapore-based fintech hub LATTICE80, which is run by VC Marvelstone Group, has signed a memorandum of understanding (MOU) with FINOLAB, a Japanese fintech hub located in Tokyo.

This partnership will allow LATTICE80’s fintech startups to receive mentorship guidance on how to expand their businesses to Japan. Vice versa, Japanese fintech startups will be able to access Singapore mentors at LATTICE80. Additional benefits include free five-day passes yearly for two members of each startup.

“We see tremendous interest in Japan from the fintech teams sitting at LATTICE80. Historically, Japan and Singapore have enjoyed strong trade and investment ties that go back decades,” said Joe Seunghyun Cho, Founding CEO of LATTICE80 and Chairman of Marvelstone Group, in an official press release.

“As a member of the international fintech community, it’s only right that we help to make the Japanese market, with its big push towards fintech, more accessible to startups in Singapore,” he added.

“Japan’s government is attempting to bring in more effective regulations for fintechs, and we’ve been impressed by the evolution of the fintech environment in Singapore,” said Yoshio Sakai, Global Manager of FINOLAB.

Earlier this year, LATTICE80 signed an MOU with the Nordic Finance Innovation (NFI) to foster deep partnership between Asian and Nordic fintech startups. LATTICE80 also partnered with the Andhra Pradesh state government to open a fintech hub in the Indian city of Visakhapatnam (Vizag).

Going forward, LATTICE80 plans to launch more fintech hubs in India, London, New York, and the Middle East.

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Image Credit: LATTICE80

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