Scotland has seen significant growth in its FinTech ecosystem, reflected by the growth of FinTech Scotland.
FinTech Scotland has confirmed a 27% increase in the number of FinTech enterprises in Scotland.
The FinTech SME community is now 190 strong.
This is an increase from 147 when FinTech Scotland began in 2018.
What does this mean?
FinTech Scotland reports this growth following data from Innovate Finance which stated that investment in FinTech firms in the UK rose by more than 200% in 2021. The growth is put down to the shift to a digital economy and the demand for innovative solutions.