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alexlee.com

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About Alex Lee

Alex Lee is a food retail and wholesale distribution company in the South-Eastern United States.

Alex Lee Headquarter Location

120 4th St. SW

Hickory, North Carolina, 28602,

United States

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Latest Alex Lee News

NI fintech boom could create thousands of jobs in three years – report

Sep 14, 2021

1 minute ago From left: Andrew Jenkins of FinTech NI, Karen Bradbury of Invest NI, Roisin Finnegan of Deloitte, and Alex Lee. Image: FinTechNI The Deloitte report commissioned by FinTechNI set up a roadmap for Northern Ireland’s £392m fintech sector to make it an international hub. Northern Ireland could be heading in for a fintech boom with more than £25m in foreign direct investment, 20 new companies and thousands of jobs created in the sector in the next three years, according to a new Deloitte report. Commissioned by Northern Ireland’s representative body for the sector, FinTechNI, the report also sets out a roadmap for the country identified as a fintech cluster in an earlier review by the UK Treasury. Led by the industry, the three-year roadmap features the views of over 50 individuals from the ecosystem and brings huge potential to build on our current estimated £392m in GVA. pic.twitter.com/5EEBx2GErP The report estimated Northern Ireland’s fintech sector to be worth £392m per year and said that the country should aim to be home to 100 fintech firms by 2024. “Northern Ireland is regarded as a world leader in the Fintech sector and often ranks highly in lists of the best places in the world to locate Fintech companies,” said Alex Lee, chair of FintechNI. “We have shown time and again that we can attract foreign direct investment, have a strong talent pool and the right attitude towards the nurturing of fintech companies.” Northern Ireland’s unique geographical position, workforce talent, high-quality education sector, and expertise in the cybersecurity, AI, data analytics, and regtech sectors, all contribute to its success as a fintech hub, the report found. However, Lee warned that in order to remain globally competitive, Northern Ireland must continue to work on its unique strengths and challenge barriers to growth. “This three-year road map being published today outlines the key areas we must focus on to continue to build a collaborative community, leverage the knowledge and the expertise the existing financial and digital sectors and connect that with business support and funding to transform the sector for the benefit of the Northern Irish economy.” Some of the roadmap’s suggestions to boost the NI fintech sector include increased support for fintech SMEs to connect with investment sources, encouraging younger people to take up employment in the sector, developing funding networks for young fintechs to scale up, and attracting international investment. “The potential to create thousands of jobs, attract tens of millions of pounds in foreign direct investment and to assist companies to set up, or scale up, in Northern Ireland is right in front of us and we should not limit our ambition for a sector that has shown such resilience and growth in difficult times,” Lee added. Suzanne Wylie, chief executive of Belfast City Council, said that the report comes at a time when Northern Ireland is emerging from the pandemic and its economy needs a boost. “In the last 18 months the world became hugely reliant on financial technology and the sector showed that it was resilient and able to meet that challenge,” she said. “For Northern Ireland to already be ear marked as an outlier in this industry and one of the most advantageous places to set up and develop a Fintech company is a significant accolade.”

Alex Lee Acquisitions

1 Acquisition

Alex Lee acquired 1 company. Their latest acquisition was W. Lee Flowers & Co on September 26, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/26/2019

Acquired

2

Date

9/26/2019

Investment Stage

Companies

Valuation

Total Funding

Note

Acquired

Sources

2

Alex Lee Partners & Customers

3 Partners and customers

Alex Lee has 3 strategic partners and customers. Alex Lee recently partnered with Procurant on May 5, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

5/4/2021

Vendor

Procurant

United States

Procurant Signs Merchants Distributors LLC

With Procurant , we now have a system that is easy to use and that enables much more effective collaboration , visibility and partnership with our suppliers as we respond to the needs and expectations of our customers , '' said Chuck Alexander , Senior Vice President of Procurement , Merchants Distributors LLC .

1

9/20/2019

Partner

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10

9/18/2019

Distributor

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10

Date

5/4/2021

9/20/2019

9/18/2019

Type

Vendor

Partner

Distributor

Business Partner

Procurant

Country

United States

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News Snippet

Procurant Signs Merchants Distributors LLC

With Procurant , we now have a system that is easy to use and that enables much more effective collaboration , visibility and partnership with our suppliers as we respond to the needs and expectations of our customers , '' said Chuck Alexander , Senior Vice President of Procurement , Merchants Distributors LLC .

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Sources

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10

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