Glasgow-based fintech company, Castlight Financial, has won the first ever Deloitte’s Kick Start a Start Up event to be held in Scotland.
The accolade was secured earlier this week at Deloitte’s Edinburgh Greenhouse incubator, a studio of bespoke labs created by Deloitte’s to encourage young, digital companies to collaborate and tackle challenges creatively.
The Kick Start a Start Up award challenged Scotland’s most disruptive start-ups to pitch their ideas on how to transform the way industries work and were judged on their ability to make a transformative difference in their sector, their potential for growth and the originality of their idea.
Castlight Financial, who are the in the business of disrupting the traditional credit scoring and underwriting methodology to assess consumer finance, have developed the Affordability Passport.
The Affordability Passport sheds new light on a customer’s ability to afford a financial product and provides financial retailers with a quick and easy digital tool that gives a “real time” window into a customer’s ability to take on a credit agreement.
Castlight CEO Phil Grady said: “We are honoured to receive this award amidst such fierce competition from our fellow disrupters and hope we will all be encouraged by Deloitte’s event to keep changing the world of business right across the Scottish economy.”
Deloitte’s Jonathan Meddes said: “Castlight Financial shows how Scotland’s start-ups continue to disrupt and innovate across all sectors. Against some stiff competition they won Deloitte Scotland’s first Disrupt The Enterprise and we are excited to be working together to disrupt a traditional processes in the financial services sector.”
Castlight Financial will receive a three-month secondment from Deloitte’s consulting practice and ongoing mentoring from the wider team.