The Luxembourg House of Financial Technology celebrated its 5th anniversary with speeches, the premiere of a new promotional video, and a networking reception and barbeque on Friday.

Lhoft is a public-private partnership that promotes the growth of the fintech sector in the grand duchy, and hosts and supports several fintech startup in its offices. It .

In her official comments, the finance minister (DP) stated that “for the past 5 years I’ve thought about the Lhoft every single day.” She jokingly explained that was because she drove by the building on her way to and from work each morning and evening. Backes then, on a more serious note, called Lhoft “the beating heart” of Luxembourg’s fintech sector.

The past 5 years “have gone by quickly, because it’s been a thrilling ride,” said , Lhoft’s CEO since its inception. The initiative can claims some success: currently there are more than 250 fintech firms operating in Luxembourg, employing more than 5,000 people, he said. Lhoft has cumulatively housed 146 such firms over the past 5 years. During his speech, he repeatedly thanked government officials and partners for their backing, and his staff for their hard work. “It’s the support of the community that’s made all the difference,” Zubairi said.

The event was held at Lhoft’s premises in the House of Startups building, in the Gare district.