Duco Continues Expansion, Opens Luxembourg Headquarters

Nov 5 2015 | 11:12am ET

London-based fintech company Duco has established a European regional headquarters in Luxembourg.

The move follows the opening of Duco’s North American regional headquarters in September and comes amid continued investment in its global base in London. The new office will be staffed for sales, client support and marketing across the northern European region and as a network point for global client support, according to a statement. 

“Following a very successful 18-month growth period where we built our client base from zero to 28 financial and service organizations, the recent significant ‘series B’ investment by ICAP and the establishment of our New York office, expanding further into Europe was the logical next step,” noted Duco CEO and co-founder Christian Nentwich.   

“Luxembourg is an ideal location for Duco given its importance as a hub for many financial institutions, particularly as a recognized center of excellence in post-trade administration, middle- and back-office and accounting operations,” added Michael Marconi, Duco’s CTO and co-founder. 

Duco’s flagship product, Duco Cube, is a hosted trade reconciliation platform that enables financial institutions to control complex data using light-touch, self-service technology and app-like interfaces. The company was founded in 2013 and has reconciled more than one billion transactions in the last twelve months.

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