Ten high-growth Scottish fintech companies are set to travel to Europe’s largest fintech conference as they look to expand into new markets.
The firms will join the Scottish ‘pavilion’ at the forthcoming Money 20/20 expo in Amsterdam – supported by the national cluster management organisation FinTech Scotland and Scottish Enterprise.
The event, which takes place from June 3 to 5, will feature some of the world’s leading fintech companies and leading financial institutions including the Bank of England and the New York Stock Exchange.
Scotland’s fintech cluster’s growth has seen over 30% of its ‘scaling-up companies’ exporting or ready to grow internationally, according to recent data.
A presence at one of the largest global fintech conference looks to further that aim, in line with the Scottish Government’s National Innovation Strategy, which highlights fintech as a key sector for the country.
Nicola Anderson, CEO of FinTech Scotland, said: “We’re delighted to showcase the FinTech Scotland cluster at Money 2020 and [we’re] looking forward to expanding fintech growth with European partnerships. The strength of fintech innovation and growth in Scotland is demonstrated in the growth of the fintech SMEs and the businesses attending Money 2020. It’s a testament to the strength of Scotland’s cluster and the continued collaborative environment that drives innovation and commercial outcomes.”
Lorraine Anderson, who leads Scottish Enterprise’s global trade team for Fintech, said: “Scotland’s fintech sector continues to go from strength to strength, with Money 20/20 providing an ideal platform for ambitious Scottish businesses to showcase their offerings.
“Fintech is a key area of focus at Scottish Enterprise and plays a vital role in transforming our economy through companies scaling-up, creating high value jobs and competing internationally.”
The companies exhibiting at the Scottish pavilion 1F10:
- Aveni – AI-driven technology transforming financial advice compliance
- BigSpark – Next-generation data analytics and orchestration
- CreditNature – Focused on nature-positive credit risk and biodiversity
- docStribute – Secure digital document distribution
- Recast – Blockchain-powered content distribution and monetisation
- Encompass – Global leader in KYC automation and digital onboarding
- Inicio –AI for ethical and accessible consumer finance journeys
- Korelabs – Dynamic product lifecycle and compliance platform
- Transwap – Cross-border payments and FX services
- OneBanx – Banking access for underserved communities