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MarketScreener Homepage  >  Equities  >  Xetra  >  FinTech Group AG    FTK   DE000FTG1111

FINTECH GROUP AG (FTK)
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FinTech : LATTICE80, Marvelstone Group backed Global Fintech Hub Opens an R&D Arm in South Korea

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03/05/2018 | 11:24am CEST

(PRWeb) - Marvelstone Group backed Global FinTech Hub has opened a Research and Development (R&D) arm in South Korea. Joe Seunghyun Cho, Founding CEO of LATTICE80 and Chairman of Marvelstone Group, said South Korea has become one of the most important markets in many areas of FinTech. KakaoBank and Bithumb are the best recent examples that prove the market opportunity in South Korea. I believe Seoul is the right place to have an R&D arm to conduct researches on how financial institutions and governments can adopt innovation in technologies such as Crypto and Blockchain.

Marvelstone Group made an MoU with Seoul Metropolitan Government last year to support FinTech startups in Seoul to expand globally. In the extension of this partnership, Marvelstone Group has set up LATTICE80 Korea as an R&D arm to support FinTech and Blockchain startups in Korea more closely.

LATTICE80 has recently appointed Former Senator Sang Min Kim as an advisor and is planning to start private sales in its own ICO to support global expansion plans.

About LATTICE80

LATTICE80 is an independent FinTech Hub building an ecosystem for FinTech startups, corporates/financial institutions, governments, and the public to collaborate, learn, and co-create. The mission of the hub is to help all its stakeholders connect globally.

About Marvelstone Group

Marvelstone is a private investment group that develops specialised investment strategies and invests in high-potential businesses. With finance at its core, Marvelstone also has diversified investments in technology, real estate, hospitality, energy, and media.

(c) 2018 Khaleej Times. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

Stocks mentioned in the article
ChangeLast1st jan.
BLOCKCHAIN GROUP CO LTD 0.00% 0.09 End-of-day quote.718.18%
FINTECH GROUP AG 2.73% 28.25 Delayed Quote.-10.26%
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Financials (€)
Sales 2018 125 M
EBIT 2018 39,0 M
Net income 2018 26,4 M
Finance 2018 113 M
Yield 2018 -
P/E ratio 2018 18,90
P/E ratio 2019 15,56
EV / Sales 2018 2,95x
EV / Sales 2019 2,53x
Capitalization 482 M
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Number of Analysts 5
Average target price 38,3 €
Spread / Average Target 39%
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Frank Niehage Chief Executive Officer
Martin Korbmacher Chairman-Supervisory Board
Muhamad Said Chahrour Chief Financial Officer
Stephan Simmang Chief Technology Officer
Stefan Müller Deputy Chairman-Supervisory Board
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