Australian fintech Halo is setting up a base in Glasgow

editorial

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ASX-listed Halo is a global online equity research and trade execution software provider, providing everyday investors with institutional-grade analytical frameworks and market insights.

The company formed U.K. subsidiary Halo Invest in January through the acquisition of Resilient Funds Management and brought in 30-year industry veteran Douglas Boyce as CEO.

Now the unit has secured an £800,000 grant from Scottish Enterprise for the £8m project in Glasgow, which is set to employ more than 60 people over the next two years.

Boyce says: “We had the opportunity to base ourselves anywhere in the UK, but Glasgow proved to be the ideal city for us with its well-established mix of financial services and fintech talent.”

Scotland is home to more than 220 fintech companies, making it the largest UK hub outside of London.

Jane Martin, MD, Innovation and Investment, Scottish Enterprise, said: “Revenues in the fintech industry are forecast to grow almost three times faster than those in the traditional banking sector over the next three years.”

“We see this as an important breeding ground for new, expanding businesses that will help drive Scotland’s future economic growth.”