As a globally recognised financial centre with international outreach Luxembourg has positioned itself as a world leader in the sphere of digital financial services, as well as a hub for financial technology. Furthermore, the financial centre has significant potential as a base for start-ups.
As Europe’s number 1 cross-border financial centre, Luxembourg already serves as the European hub for major e-commerce and e-payment companies. The number of e-money and e-payment institutions operating from the Grand Duchy has tripled between 2012 and 2015.
A broad range of public and private incubators and accelerators offer physical space designed to foster business development and coaching and provide invaluable networking opportunities.
Alongside a range of private funding opportunities, such as global venture capital and business angel investors, public funding schemes such as the Luxembourg Future Fund and the Luxembourg Seed Fund, offer start-ups in Luxembourg a fertile environment to scale up their business.
Close collaboration between the private sector and public research institutes, such as the Luxembourg University Interdisciplinary Centre for Security, Reliability and Trust (SnT) and the Luxembourg Institute of Science and Technology (LIST), encourage the search for solutions to the most pressing market issues.
Luxembourg’s European regulatory framework and the Europe-wide licensing of financial services, provide security to both companies and investors. The financial regulator (CSSF) has a well-established reputation for accessibility, competence, responsiveness and an open attitude towards innovation, witnessed by the created a dedicated division for financial technology.