Tagged: scotland

September 7, 2024 @ 11:31 am By Omar Faridi  |  

Latest figures have revealed Scottish businesses remain attractive to investors as 23 firms shared funding worth over £85 million in the second quarter of 2024. The latest KPMG Private Enterprise Venture Pulse report has showed “that companies from across the region – including Edinburgh, Stirling,… Read More

April 22, 2024 @ 8:22 am By Omar Faridi  |  

The British Business Bank’s Investment Fund for Scotland has agreed £5 million of deals to support the growth of small businesses, just six months since the fund was launched to improve access to finance and provide a boost to the Scottish economy. The milestone comes… Read More

April 9, 2024 @ 9:11 am By Omar Faridi  |  

The latest Royal Bank of Scotland Report on Jobs survey, compiled by S&P Global signalled a sustained deterioration in permanent staff placements “across Scotland during March. Although the rate of decline eased from the month before, the number of people placed into permanent roles fell… Read More

April 1, 2024 @ 10:13 am By Omar Faridi  |  

A report by professional services firm KPMG has revealed that 115 Scottish firms received over £359 million worth of Venture Capital (VC) investment after being identified as the most promising throughout 2023. The Venture Pulse Survey showed that there was “a marked decline in global… Read More

February 12, 2024 @ 6:30 am By Omar Faridi  |  

The latest Royal Bank of Scotland Report on Jobs survey signalled a drop in recruitment activity across Scotland at the start of 2024. Both permanent staff placements and temp billings “fell sharply in January, with the latter posting the first decline in three months.” Subdued… Read More

January 15, 2024 @ 8:27 am By Omar Faridi  |  

Scotland’s Fintech cluster has reportedly experienced a 24% increase in overall jobs within fintech as Fintech Scotland, the cluster management organization, marks its sixth year of supporting the ecosystem. Regularly delivering on Scotland’s goal to considerably boost fintech-focused roles, the nearly  25% growth is being… Read More

January 10, 2024 @ 8:40 am By Omar Faridi  |  

The Royal Bank of Scotland Report on Jobs survey signalled a fresh decline in permanent staff appointments across Scotland during December. The pace of reduction was reportedly “the strongest since April, as growing economic uncertainty weighed on hiring decisions and discouraged workers from seeking new… Read More

December 12, 2023 @ 8:17 am By Omar Faridi  |  

The latest Royal Bank of Scotland Report on Jobs survey pointed to a renewed rise in hiring activity across Scotland in November. As mentioned in a blog post, mild expansions were signaled for “both permanent placements and temp billings amid reports of successful recruitment campaigns… Read More

December 7, 2023 @ 3:00 am By JD Alois  |  

FinTech Scotland has announced the launch of the Financial Regulation Innovation Lab (FRIL). The project is predicted to shape the regulatory landscape for financial services in the UK as well as around the world. The Lab was created in partnership with the University of Strathclyde… Read More

October 31, 2023 @ 10:28 am By Omar Faridi  |  

Despite a challenging economic environment, 101 new businesses were created every hour across the UK in the first half of 2023, according to research by iwoca – one of Europe’s largest small business lenders. Analysis of Companies House data reveals “that over 436,000 businesses were… Read More

October 13, 2023 @ 10:14 pm By Omar Faridi  |  

According to the latest Royal Bank of Scotland report on Jobs survey, both permanent staff appointments and temp billings contracted sharply in September. Panellists linked reduced hiring activity “to fewer vacancies, weaker confidence around the outlook, and shortages of suitably-skilled candidates that made it harder… Read More

October 11, 2023 @ 8:16 am By Omar Faridi  |  

Scottish digital bank Alba Bank announced that it will migrate to Mambu’s cloud banking platform to manage its small and medium-sized enterprise (SME) lending services, as well as its retail and business deposits. Alba bank has been approved for a UK banking licence. Alba Bank… Read More

October 5, 2023 @ 12:01 am By JD Alois  |  

The British Business Bank has announced a new fund for Scotland. The Investment Fund for Scotland will include £150 million in funding to assist smaller firms. The fund will provide loans from £25,000 to £2 million and equity investments up to £5 million. This is… Read More

September 28, 2023 @ 11:32 am By Omar Faridi  |  

The number of first-time buyers in Scotland reportedly “fell by 14% between January and August 2023, compared to the same period in 2022,” according to the latest Bank of Scotland First-Time Buyer Review. This fall is not as sharp as the picture “for the UK… Read More

August 15, 2023 @ 10:51 pm By Omar Faridi  |  

From today, TSB is taking applications for fintechs to participate in its third annual TSB Innovation Labs Program – “as the bank and Fintech Scotland encourage a new round of fintech collaboration.” Under the program, winning Fintechs will officially partner “with TSB to offer innovative… Read More

June 20, 2023 @ 10:47 am By JD Alois  |  

Eos Advisory LLP  has received a £10 million commitment from British Business Investments, a subsidiary of the British Business Bank. The funding is part of the Regional Angels Programme and will be allocated to invest alongside Eos’s Angel Syndicate and EIS Innovation Fund.  Eos is… Read More

December 5, 2022 @ 8:51 am By Omar Faridi  |  

Currencycloud, which claims to be the expert in simplifying business in a multi-currency world, has partnered with Scottish start-up app Skedadle in order “to provide its users an easy, secure and seamless way to transfer money earned in-app while playing games on public transport.” Skedadle… Read More

June 11, 2022 @ 5:05 pm By JD Alois  |  

  loveelectric.cars has received over £1 million in seed funding along with a Scottish EDGE prize. The Edinburgh-based Fintech provides low cost leased electric company cars. The cost of leasing through loveelectric.cars is said to be around 50% less than if the car were leased… Read More

April 9, 2022 @ 8:38 pm By Omar Faridi  |  

An aggressive recruitment market may hinder startups operating in Scotland’s fast-growing Fintech industry, according to Fintech sector professionals (from Origo). Supported by a £300 million UK Government investment this past August, Edinburgh’s Fintech sector consists of various financial services innovators, however, newcomers seeking out new… Read More

March 13, 2022 @ 4:06 pm By Omar Faridi  |  

The team at Landbay notes that they believe that as an established lender, they must be able to demonstrate that they’re using the latest technology and continue to enhance the service they provide. Their online platform stands out “as one of the most advanced in… Read More