Payment specialist Renovite Technologies has been selected to showcase its payments technology to Swiss and Austrian financial firms.
The Dunfermline business has been selected by the UK Department for International Trade (DIT) and Scottish Development International (SDI) to take part in a fintech trade mission to Vienna and Zurich later this month.
Taking place from January 23-24, the mission aims to stimulate business between the UK delegation and financial institutions in Switzerland and Austria. Renovite and a select group of other Fintech companies will be meeting with banks, venture capitalists and other organisations with an interest in fintech and innovation.
Previous fintech missions to Switzerland led by the DIT have subsequently generated £45 million in business deals.
Jim Tomaney, chief operating officer at Renovite Technologies said:
“We are thrilled to have been selected as a delegate for the mission and look forward to showcasing how our work is enabling positive change using state-of-the-art cloud technology.
“It’s really a very positive sign that major financial organisations are now rising to the challenges and demands of an increasingly complex payments environment by looking to businesses that can offer the kind of agility and innovation they can’t source from traditional suppliers.”
Renovite Technologies, which also has offices in California and New Delhi, established its European headquarters in Dunfermline in 2017. The UK team has grown from four to 20 since then and plans to add another ten employees – including six trainees – by the end of 2019.