Hong Kong, August 4, 2020 – SPARQ Capital announced today that it has entered into a strategic agreement with Vacuumlabs to assist the European software firm to establish its first Asian office in Hong Kong and further broaden its services to existing and new clients in Asia.
The partnership marks a major milestone for Vacuumlabs as it recognises the importance of the Asian market as one of the fastest-growing markets for FinTech and other technology sectors. “Having on-the-ground operations in Asia will strengthen Vacuumlab’s position in the FinTech space where we have already acquired and served many large international banks and financial institutions”, said Samuel Hapak, Vacuumlabs’ CEO.
In recent years Asia has rapidly become an important technology market. With eight virtual banks being granted licenses to operate in Hong Kong in 2019, Hong Kong has shifted itself from a financial hub to a tech hub of Asia. Commenting on the partnership, Donna NguyenPhuoc, Managing Partner of SPARQ Capital, said “We are very excited to bring Vacuumlabs to Hong Kong, our tech startups and ecosystem require high quality technical and development support and Vacuumlabs is exactly what we have been looking for”.
This new Hong Kong presence helps accelerate Vacuumlabs’ commitment to expanding its services to its global clients through a network of operations in Europe, US and Asia that has grown over 80% year on year. “Asia is a region where most of the 21st-century banking innovation is going to happen. Opening our first office in Hong Kong will enable us to bring our experience to the table and become a part of this exciting story. I am looking forward to establishing new partnerships and friendships with great Asian innovators”, said Samuel.
About SPARQ Capital
Based in Hong Kong, SPARQ Capital is an investment partner for global family offices providing venture and growth-stage capital to founders and entrepreneurs of technology-based companies. Through its global network, SPARQ offers access to highly compelling and well-curated investment opportunities. Whenever required, SPARQ provides thorough due-diligence, structuring and management of the investments as well as operational support for the portfolio companies.
Headquartered in Bratislava, Slovakia, Vacuumlabs is a global centre of excellence for digital design and engineering. We solve big technology problems for leading banks, fintechs, VC’s, scale-ups, and start-ups. By enabling authentic tech talent to solve big tech challenges we deliver fast and cost-effective go-to-market for innovative clients. We are a global enterprise with 7+ years of experience, operating across 17 countries with 200+ employees worldwide. Our industry focus is in the areas of fintech, blockchain/crypto, and digital banking. Let’s build awesome products together.
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