Scottish fintech attracts £37m of investment
Scotland

Scottish fintech attracts £37m of investment




Fintech in Scotland has secured almost £37m of investment over the past 10 years.

The country has become a key location for many international firms, such as JP Morgan, HSBC and Morgan Stanley. 

The news comes after Scottish economic secretary Keith Brown was in New York, where he met a number of senior financial services representatives at an event hosted by Aberdeen Standard Investments to advance opportunities with potential trade and investment partners.

“The financial services sector is transforming globally, and this offers a wealth of opportunity for fintech in Scotland, which will open new markets and encourage innovation,” said Mr Brown.

“The global financial services sector will continue to be transformed by technology. 

“Scotland’s focus on fintech has created an environment that will help these firms evolve and support the growth of start-ups.”

Mr Brown added that Scotland’s strengths in the sector were largely based on its data expertise and felt the Edinburgh City Deal was a key element to the future growth of fintech.

“We are building on our global reputation for banking, asset management and insurance, underpinned by academic and research expertise. 

“Scotland has pride of place on the fintech map and will retain this place at the forefront of the changing global financial landscape.”

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