Valenta > Press Releases > Press Release: Valenta Partners with TTIFC to open first office in Trinidad & Tobago
International Tech Company Valenta chooses T&T local economy to benefit from TTIFC’s efforts to attract tech companies and foreign direct investment.
Mr. Jayesh Kasim, Co-Founder of Valenta (second from left) shakes the hand of Mr. John Outridge, CEO, TTIFC (second from right), in the company of the Mr. Richard Young, Chairman, TTIFC (first right) and Mrs. Valerie Chhokar, Head of Marketing, Valenta (first left), at the signing of a lease agreement at the TTIFC’s incubation hub on March 17, 2022.
Port of Spain, Thursday 17th March 2022: International technology firm Valenta signed a lease agreement with the Trinidad & Tobago International Financial Centre (TTIFC) on Thursday 17th March 2022, to commence its local operations at the Incubation Hub located at the International Waterfront Centre, Port of Spain.
The move is a part of Valenta’s growth strategy into the region as they expand their operations to Trinidad & Tobago. “Trinidad & Tobago has several advantages such as a strong infrastructure, proper skillsets of the employees and ideal time zone for our clients in North America, making it a good option for us to service our clients better.” the company’s Co-founder, Mr. Jayesh Kasim explained.
For Trinidad & Tobago, this means additional foreign direct investment, increased employment, and development opportunities for local citizens, as the company projects to recruit “100 new hires by the end of 2022” Kasim informed. “We are truly grateful that we have been able to bring Valenta to Trinidad and Tobago, despite the challenges presented by the pandemic. This collaboration between the TTIFC and Valenta is one that is well matched, as it will allow for the development and transfer of the skills and competencies that we need to build within our local talent pool, as we work to become the FinTech-enablement Hub of the Caribbean.” stated TTIFC, CEO, Mr. John Outridge.
In addition to their recruitment activities, Valenta’s team met with several businesses such as Republic Bank Limited, J.D. Sellier, Aegis and First Link Business Solutions Limited to complete their business registration and setup of bank account and payroll services. The company was also matched with employment agencies, realtors, and other service providers, to review options for secondary office spaces to support expansion of its local operations.
The incubation hub is a facility of the TTIFC and provides a temporary space for international tech businesses and investors to set up and expand operations in Trinidad & Tobago. The lease allows for an incubation period of 18 months. The hub is one of the many initiatives of the TTIFC as it works to build a robust FinTech-enabling ecosystem in Trinidad & Tobago and the wider region.
Valenta offers customised solutions in three main areas including process consulting, digital transformation, and outsourcing. The Australian company has recently expanded into Europe and North America, moving their headquarters to Toronto, Canada.
About the Trinidad & Tobago International Financial Centre (T&T IFC):
The TTIFC is the state agency charged with the development of the Financial Services Sector. It is the lead Agency under the Ministry of Finance for driving Government’s digitalisation initiatives in the financial services sector as the country pursues its goal of becoming a ‘Cashless Society’ and a FinTech-enabled Financial Services Hub by 2023.
Vision: To be the driver of digital financial services adoption across all sectors leading Trinidad and Tobago in becoming the regional premier location for FinTech-enabled services.
Visit the T&T IFC’s website for more information: www.ttifc.co.tt