The program, centred on the three key pillars of impact, scaling, and funding, offers participants unparalleled access to leaders, investors, and professionals within Luxembourg’s Green Finance ecosystem. Participants will also attend the LSFI’s annual Summit, where they will gain invaluable insights and networking opportunities and join specialised sessions on private investment mobilisation, human rights, stewardship and biodiversity. Additionally, the program provides comprehensive support through workshops, expert talks, personalised mentoring, pitching sessions, and mentorship engagements, ensuring a robust and enriching experience.

Nasir Zubairi, CEO of the LHoFT,  expressed: “We are excited to launch the Catapult: Green Fintech program, aligning with Luxembourg's strategic vision of becoming a global leader in sustainable finance. This initiative not only fosters innovation but also contributes to the global effort in addressing climate change through financial technology. We look forward to working with the 10 selected firms to drive value for Luxembourg’s financial services centre”.

Why Luxembourg?

Luxembourg is a global leader in sustainable finance and innovation, boasting the largest financial centre in the Eurozone and the EU’s leading fund hub. With strategic priorities in sustainable finance, digitalisation, and startup support, the country offers numerous advantages, including its recognition as one of the EU's most innovative nations, the world's first platform dedicated to green securities, and significant ESG investment, with 67.3% of Luxembourg's UCITS fund assets being ESG. Its robust ecosystem fosters responsible investment funds, blended finance, green bond listings, and ESG fund labelling, making Luxembourg an ideal setting for driving sustainable development and climate action.

The Program

This September 16-20, 2024, the LHoFT will open its doors to an elite group of selected companies that have already demonstrated product-market fit and gained initial market traction.

The ten selected fintech companies from France, Luxembourg, The Netherlands, Sweden, Switzerland, United Kingdom, will benefit from the meticulously structured Catapult: Green Fintech program, designed to maximise growth and learning. Participants will engage in expert-led sessions delivered by leaders from Luxembourg’s sustainable services ecosystem, gaining deep insights and practical knowledge.

The week culminates in a final pitch, where participants will present their innovative solutions to an esteemed jury of experts in sustainable finance and impact investing, providing a platform to showcase their advancements and secure potential investment.

Over the course of three years post-program, these companies will share ongoing performance metrics, enabling the evaluation of the initiative's lasting impact and success. With robust support and the opportunities in Luxembourg's Green Finance ecosystem, each participant can maximise their program benefits.

Nicoletta Centofanti, CEO of the LSFI, added: “The shift towards sustainable finance is essential to tackle today’s social and environmental challenges. However, this transformation presents several obstacles for the financial sector, requiring the development of new skills, and the adherence to fast-evolving regulations. Fintech plays a crucial role in supporting these changes, boosting the adoption of innovative practices that are now very much needed, particularly in areas like data collection, processing, and reporting. The ‘Catapult: Green Fintech Program’ is a unique initiative that will greatly benefit Luxembourg’s financial centre, enabling us to develop new solutions and pioneer in sustainable finance and Greentech.”