(Aug 10): Singapore fintech hub Lattice80 plans to open an office in India by the end of next month, the first step in a global expansion that will spread to London, New York and the Middle East.

The firm is in discussions with 30 tenants for the 30,000 square-foot space in Visakhapatnam, about 800 kilometers (500 miles) from Bengaluru, Chief Executive Officer Joe Seunghyun Cho said in an interview. The hub can host as many as 100 tech startups, he said.

“While it is difficult to find good engineers for tech startups globally, there are millions of them in India,” Cho said. “The pool is strong and deep, and labour costs are low. The country is one of the best places to build tech resources.”

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