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Strategic fintech partnership for Scotland

FinTech Scotland and Techscaler have signed a strategic partnership to accelerate the growth of Scotland’s fintech sector.

Techscaler is the government’s tech startup support programme, while FinTech Scotland was founded to promote fintech innovation.

“This collaboration is about getting behind Scotland scaling for tech, together. It underscores our joint dedication to cultivating innovation and showcasing the vibrant fintech community in Scotland,” explained Nicola Anderson, CEO of FinTech Scotland.

“We look forward to bringing tangible benefits to our scaling fintech SMEs, and sharing our sector expertise with Techscaler founders, to build a robust and forward-thinking fintech cluster.”

The FinTech Scotland community will now gain access to Techscaler’s membership benefits, while Techscaler members will be introduced to FinTech Scotland, “unlocking cross-sector synergies and peer-to-peer knowledge exchange.”

“Connecting the diverse parts of the tech ecosystem is a huge part of our job running Techscaler for the Scottish Government,” added Yasmin Sulaiman, VP of Partnerships for CodeBase.

“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. We’re looking forward to growing our partnership, and helping connect our community to FinTech Scotland’s expertise.”‍

Fintech SMEs in Scotland employ 10,500 people across 226 enterprises, with around 38% of fintechs having reached scale-up stage.‍

“Our £42 million Techscaler network is already showcasing some of Scotland’s most promising start-ups. This partnership with FinTech Scotland is another example of how the Techscaler network is helping to galvanise our innovative, collaborative and inclusive tech community by sharing knowledge and supporting growth,” said Innovation Minister Richard Lochhead.‍

“Progress like this demonstrates Scotland’s ambition to become one of Europe’s leading start-up communities. We are setting an example and helping drive a fair and growing economy.”

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