FinTech Scotland has reported on the growing international diversity of FinTech SMEs in the country.
The number of international FinTech SMEs has grown by 40% over the past 12 months.
This has taken place alongside the growth of locally founded businesses to.
It cites examples of YayPay and Pace AP from the US, WeFund from Australia and Pulse Market from Ireland.
What does this mean?
The report comes following Scotland’s Fintech Festival in collaboration with Scottish Development International and the UK Department for International Trade. A key theme was building a global FinTech cluster and how Scotland can provide the right environment for international growth.
CEO of FinTech Scotland, Nicola Anderson, said:
“This year’s festival has reinforced the dynamism, breadth, and capability of FinTech innovation in Scotland. We were privileged to be joined by so many FinTech and industry leaders sharing experiences, knowledge and opportunities. We’re looking to more collaboration and to supporting the digital and green economy through continued FinTech innovation.”