The Qatar Financial Centre, one of the world's leading and fastest growing onshore business and financial centres, welcomed Zurich-based FinTech Instimatch Global, the leading network for institutional money market trading, to its platform.
Qatar recognises the value of Fintech in the growth and sustainability of the financial sector and has developed a National Fintech Strategy to establish the country as a regional leader in this technological evolution. With a favourable macroeconomic environment, excellent business infrastructure and access to a $2.1 trillion regional market, Qatar offers FinTech companies a lucrative market to grow their business and expand in the region.
Henk J. Hoogendoorn, Managing Director, Financial Sector, QFC Authority said: "The QFC is committed to the growth of Qatar's financial services industry encompassing FinTech, Islamic Finance, Capital Markets and Asset Management. FinTech companies are profoundly changing the way business is conducted in the financial services sector and Instimatch Global is one such company, ushering in services that are more efficient and cost-effective. The launch of this fintech disrupter in Qatar is a welcome addition to the 839 firms currently registered on the QFC platform, and an important development in establishing Qatar as the region's FinTech hub."
Sadiq Hamour, Director of Financial Institutions, QFC said:
The QFC is working closely with government entities and global FinTech companies to advance Qatar's national fintech agenda. The welcoming of Instimatch Global on the QFC platform is a result of these efforts and we are confident that this leading Fintech platform will bring significant contribution to the development of the country's Fintech sector.
Daniel Sandmeier, CEO, Instimatch Global said: "In our expansion internationally, we have found that treasurers want innovation and new ways to optimise money market operations. Here in the Gulf region, with highly developed money markets and pools of liquidity, we think sophisticated treasurers will be interested in the efficiencies and access we can provide. We look forward, with the help of our excellent partners here, to telling our story in the region."
Instimatch Global is at the forefront of disrupting the traditional ways in which money markets operate, providing a fast, secure and user-friendly trading network for institutional clients from diverse sectors. With nearly 100 corporate clients in 11 countries across Europe, the Fintech company's registration on the QFC platform marks its strategic expansion in the Middle East.