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Fintech in Scotland

Your firm can grow and innovate in Scotland’s dynamic fintech sector

Scotland offers the perfect blend of technology and financial expertise for fintechs to reach their true potential.

Scotland’s fintech sector is brimming with commercial opportunity. Combining over 86,000 people working in the financial sector with over 100,000 in the digital technology sector, Scotland is a catalyst for fintech growth.

So why should you grow your fintech business in Scotland? Here are some key reasons. 

Your firm can grow and innovate in Scotland’s dynamic fintech sector
Tap into a talented workforce

Tap into a talented workforce

Scotland is a leading UK location for skilled and experienced technology professionals to fulfil their career potential.

Fintech professionals can access a range of career opportunities as well as enjoy a high quality of life. They can develop careers with established global financial institutions such as RBS, Standard Life or JP Morgan or they can join a rapidly growing fintech firm such as Nucleus, Encompass or LendingCrowd.

As an alternative fintech centre to London, employees can enjoy a high quality of life at lower living costs. For example, Edinburgh is frequently ranked as the best place to live in the UK and the city's education system achieves good performance.

Alongside attracting experienced candidates, fintech firms in Scotland benefit from thousands of talented graduates. Scotland has more universities in the Global top 200 per head of population than any other country except Switzerland. These universities attract some of the world’s top students – those from across the world account for 22% in Scotland; the UK average is 19%.

Universities and businesses are also collaborating to ensure that graduates have the right skills to enrich Scotland’s fintech sector immediately after graduation. For example, Abertay University developed the world’s first Ethical Hacking course which is popular with cyber security firms.

Connect with Scotland's talent

Financial services

Insight

Get access to Scotland's financial services skills

View more on Get access to Scotland's financial services skills
Edinburgh

Case study

How Baillie Gifford's connections to Edinburgh helped them to grow

View more on How Baillie Gifford's connections to Edinburgh helped them to grow
FinTech

Insight

Are you connected? Scotland's skilled in fintech

View more on Are you connected? Scotland's skilled in fintech

Competitive living and business costs

Scotland offers lower costs than many UK locations, especially London.

Lower living costs enable fintech employers to offer lower salaries whilst still attracting the great candidates. This is especially attractive to candidates with 5-10 years experience who may be looking to start a family and/or buy a larger property.

The cost of renting an office is also significantly lower in Edinburgh and Glasgow compared with London. For fintech firms, this makes Scotland a great complementary location to London since company growth costs there can be extremely high.

Excellent transport links between Scotland and London allows firms to retain some functions in London whilst moving jobs that don’t need to be in the capital to Scotland. Many of the fintech companies in Scotland have a presence in London whilst retaining the majority of their business functions in Edinburgh or Glasgow. 

Global companies in Scotland

Wayne Johnson and Roger Carson, co-founders of Encompass

Case study

From Sydney to Glasgow: new investments help Encompass to accelerate expansion

View more on From Sydney to Glasgow: new investments help Encompass to accelerate expansion
ShareIn header pic

Case study

The Edinburgh fintech with 2020 vision

View more on The Edinburgh fintech with 2020 vision
Money Dashboard Scotland fintech

Case study

Money Dashboard is a shining example of a successful Scottish fintech

View more on Money Dashboard is a shining example of a successful Scottish fintech
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Supporting your investment in Scotland

Looking for advice or support? We’re here to help.

By investing in Scotland you'll be joining a globally-renowned financial technology sector. And you'll find many ways that we can help.

From financial assistance, to supporting recruitment and helping you identify the perfect location, we're here to ensure your investment in Scotland is a success.

Fintech in Scotland

Companies investing in Scotland benefit from our talented workforce and have easy access to other financial and business centres across Europe and the rest of the world.


International sector head for financial and business services - Sharon Hamilton

Pioneering, innovative, world-class. For centuries Scotland has represented the very best in financial services. We still do - isn't it time your company joined us?

We have offices in 20 countries, staffed by teams who can talk you through Scotland’s capabilities and the funding support that may be available to you.

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