Bolsas y Mercados Españoles (BME) has joined forces with Barcelona Tech City to create a new fintech hub for start-ups, investors, venture capital, traditional banking and insurance companies.
The hub, located in the Barcelona Stock Exchange building, aims to provide fledgling companies with access to financing opportunities via the close relationship with BME. The exchange will advise firms on their growth path through its market infrastructures, such as the Stock Exchange, its SME Growth Market MAB or its Pre-Market Environment.
MAB is a market for small companies looking to expand, with a special set of regulations, designed specifically for them with costs and processes tailored to their particular characteristics.
The aim is to create an optimal environment to make the sector more dynamic and create synergies throughout its value chain.
Javier Hernani, CEO of BME, states: “This alliance allows BME to be closer to companies deeply-rooted in trends and disruptive value-added services. This reality broadens BME’s options to increase the number of companies in its markets, participate in technological solutions useful for its business purposes and evaluate technologies that can be incorporated into its range of services.”
Due to the Covid-19 health crisis, the incorporation of the new space to the Urban Tech Campus is expected to go live in 2021.
Miguel Vicente, president of Barcelona Tech City, states: “The agreement with BME offers us the opportunity to explore new financing alternatives for our start-ups. The Pre-Market Environment and the MAB are growth opportunities to be considered for the ecosystem companies.”
©BestExecution 2020
