Techscaler, a startup support programme from the Scottish government, has partnered with FinTech Scotland to grow the country’s financial technology sector.
Fintech has become one of the UK’s most prominent tech subsectors. While London has become the centre of UK financial technology, fintech firms in Scotland have grown to employ more than 10,500 people.
Startups associated with FinTech Scotland, a cluster body of financial startups in the country, will gain access to the networking and mentorship programmes of Techscaler.
“This collaboration is about getting behind Scotland scaling for tech, together,” said Nicola Anderson, CEO of FinTech Scotland.
“It underscores our joint dedication to cultivating innovation and showcasing the vibrant fintech community in Scotland.”
The partnership will also see Techscaler support the Financial Regulation Innovation Lab, an initiative to advance the safe adoption of new and emerging technologies in finance.
“Connecting the diverse parts of the tech ecosystem is a huge part of our job running Techscaler for the Scottish government,” said Yasmin Sulaiman, VP of partnerships at CodeBase, a tech incubator that runs Techscalers on behalf of the Scottish government.
“When organisations like ours and FinTech Scotland come together to understand founders’ needs, we’re able to offer a much stronger suite of support and join up founders with the opportunities they’re looking for to grow.”
Scottish fintech companies include Interactive Investor and Float.
In February, Techscaler launched a hub in San Francisco to foster ties between startups in Scotland and Silicon Valley.
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