Hong Kong FinTech Actelligent is to set up shop in Edinburgh as part of a new inward investment project.

In further evidence of the growing popularity of the Scottish capital as a destination for technology firms, Scottish Development International (SDI) said that Actelligent’s arrival marks a milestone for its efforts to encourage Hong Kong-based firms to relocate to the city.

The project will received £305,000 of funding from Scottish Enterprise organisation to support the creation of 20 new jobs.

Actelligent is currently developing an online platform that will act as a hub between investors, private fund managers and retail investors with new opportunities in overseas investment markets.

The company plans to make the Edinburgh office its UK and European base, from which it will build a team of software engineers and architects to support the continuing technical development of its online platform, as well as technical compliance and financial experts to support analytical and research services.

A recent study by FinTech Scotland found that the number of FinTech startups in Scotland has tripled to over 80 in the last 12 months.

David Leven, head of Greater China for SDI, welcomed Actelligent’s decision during a meeting with the company at its Hong Kong base this week. “Actelligent joins the growing list of fintech firms operating out of Scotland, having been attracted by Edinburgh’s growing reputation as an international leader in this field.

“This is a great example of how SDI makes it quicker and easier for businesses to settle in Scotland, by making those all-important connections across the public and private sectors,” he added.

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