The Luxembourg-based SaaS platform provider for financial institutions opens an office in London to grow its presence in the UK.
Seqvoia opened a new office in London earlier this month. The move follows the acquisition of a UK-based company last year.
Seqvoia UK will help the Luxembourg-based SaaS platform provider to grow its presence in the UK as it continues to serve financial institutions in the City.
“We want to be closer to our customers in London. Many of our key clients have their headquarters here and while we have been active in the UK for several years, we felt it was necessary to increase our physical presence and show a real commitment to the financial community in London,” Nicolas Buck, founder and CEO of Seqvoia explained.
“Brexit, and this is a paradox, seems to have strengthened London as a financial center where the big decisions are being taken. These decisions impact both the nature of the products, their domicile and the chosen providers to support the value chain,” he added.
Founded by Nicolas Buck and headquartered in Capellen, Seqvoia specializes in software solutions (including data and reporting management solutions) dedicated to the funds industry, for asset managers, banks and insurance companies.
Update courtesy of our content partner site Silicon Luxembourg