He Madrid Investment Attraction (MIA), together with the investment and talent attraction office of the Madrid City Council, and Finnovating presented this week at the ‘Madrid, International FinTech Capital’ the results of its Soft-Landing program to attract talent and investment in the Fintech field to the city of Madrid-Spain.
First of all, it is noteworthy that since the program was launched, Finnovating and MIA have held several international meetings, including M2020 in Amsterdam, the FinTech Unconference Europe 2022 in Madrid on June 30 , and the FinTech Unconference in Mexico on October 6, 2022. According to both organizations, more than 300 CEOs and founders of Fintech companies from more than 25 countries gathered at these meetings, along with representatives of governments, investors, financial entities and supervisors, where more than 5,000 informal meetings were held among attendees.
In this context, Rodrigo García de la Cruz, CEO of Finnovating, He spoke saying that the objective of the Soft-Landing program is to promote, attract and promote Fintech talent in the city of Madrid. “To do this, we help international companies to better understand the functioning of the local ecosystem and find strategic partners. We advise them, give them visibility and help connect with investors and supervisors”he commented.
That said, a year after its launch, the program has shared the numbers registered in this period. First of all, they pointed out that, specifically, the program has made it possible in its first year to identify more than 500 foreign fintechs and hold more than 650 meetings. As they mention, they have also been able to detect 84 companies with a profile to apply and there are already 12 international fintechs that have chosen the capital to develop their businesses.
Also, during the presentation, Ángeles Prieto Arroyo, General Director of Economy of the Madrid City Councilhighlighted making a call to bet on the strategic sectors of “High value added” being one of them the Fintech sector.
For his part, he President of the Spanish Association of FinTech and InsurTech, Arturo González Mac Dowell, He spoke about the evolution of the sector, pointing out that the Spanish fintech ecosystem is a very powerful ecosystem and that in just a few years they have consolidated collaboration between traditional financial companies and fintech.
In this sense, he also intervened Salvador Molina, President of the Madrid Capital FinTech Cluster, who focused on the diversity of activities carried out by the cluster for its members. Then, on the second day of the event, a series of bilateral meetings were held between representatives of MIA, international Fintech companies interested in Madrid and various Fintech service companies, with the aim of exploring ways of collaboration that allow them to continue promoting the attraction of innovation. and talent to the city of Madrid.
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