Who are the 10 Scottish fintech and tech big hitters in London?
From small intelligent apps to large sums of investment, Scottish tech and fintech entrepreneurs are blazing a trail in London. Here are 10 who will turn your head in 2017.
Ed Molyneux, chief executive at FreeAgent
This Scottish fintech is thinking beyond Scotland. Now listed on the London Stock Exchange’s Alternative Investment Market (Aim), FreeAgent is bringing its accounting software-as-a-service to a much wider audience. Ed Molyneux will be even more of a star in London, informing more small businesses about his software’s benefits now that it’s being quoted on AIM.
Calum Paterson, managing partner at Scottish Equity Partners
Funding is the lifeblood of all Scottish fintech and tech firms, a point not lost on venture capital firm, Scottish Equity Partners. It raised £260 million to invest in technology companies and made other ‘significant donations’ to a fund which invests in businesses run by staff, students and alumni of the University of Strathclyde.
Managing partner Calum Paterson’s fifth fund was oversubscribed, which may come as little surprise given his track record of investing in companies like Skyscanner and clothing firm Matchesfashion.com.
David Ferguson, chief executive at Nucleus Financial
It’s been 11 years since David Ferguson launched Nucleus, the 'wrap' software platform that allows financial advisors to see all of their clients’ investments in the same place. He hired Rachel Vahey, an experienced independent pensions consultant, to boost Nucleus’ pensions and tax expertise.
James Varga, CEO at The ID Co
Formerly known as miiCard, The ID Co was founded by James Varga to help solve the challenge of trust on the internet. Its products help consumers share identity and financial data securely and conveniently.
Steve Tigar, chief executive at Money Dashboard
Named as the best personal finance app at the British Bank Awards in February 2017, the Edinburgh firm continues to develop its technology, and Steve Tigar will develop his firm even more south of the border.
Luke Johnson, chief executive and managing director at Cognitive Geology
Cognitive Geology, which makes geological modeling software, is already a member of the London Stock Exchange’s Elite programme. Its futuristic software ‘makes optimising field development an art form.
Chris Martin, chief executive at Waracle
Run by Chris Martin, Dundee-based mobile app developer Waracle already has roots in London and has counted Imperial College as one of its customers. Following Waracle’s takeover by Edinburgh-based Exception, the two companies will work together to grow their client list.
Esther Stringer, managing director at Border Crossing
As its name suggests, Border Crossing Media has cross-border ambitions: Based in Leith, managing director Esther Stringer has plans to open a London office. Her clients include insurance brokers Lockton Companies, adding to the likes of NHS 24, the Scottish Government and Lothian Buses.
Alan Mahon, co-founder of Brewgooder
Alan Mahon, co-founder of craft beer brand, Brewgooder, has brewed up a good idea. The Edinburgh firm donates 100% of the profits from its beers to fund clean water projects around the world. Some of the tipples have included Game Changer and Well Digger, which have been sold at Brewdog’s bars across London – including Camden, Shoreditch and Soho – and beyond.
Magnus and Fiona Houston, founders of Fishbox
From sea to recipes, Fishbox promises fresh fish to your plate within 48 hours. Run by husband and wife team, Magnus and Fiona Houston, the Inverness-based seafood subscription service has a sister company, fish wholesaler Coast & Glen. This company supplies restaurants and hotels, including Gordon Ramsay and the Wright brothers, and will continue to 'catch on' in London.
Want to find out about other excting Scottish companies?
10 tech stars to watch in Scotland