Glasgow-based fintech company, StringIQ, has been named FinTech Start-Up of the Year 2024 at both the UK Finance Awards and the Scottish Enterprise Awards. This recognition comes only one year after the company’s establishment, solidifying its position as a rising star in the global fintech market.
The awards commend StringIQ’s innovative approach to financial technology and its significant impact on the industry in a remarkably short time. At the core of the company’s success is its flagship product, Swipen SoftPoS, an app revolutionizing payment solutions by allowing almost any Android device to accept card payments without additional hardware.
The Swipen SoftPoS app gained international attention through a groundbreaking partnership with MoneyGram, a leading money transfer service. For the first time, MoneyGram agents across Europe can now accept card payments, providing customers with convenience and security. Already, thousands of MoneyGram agents have adopted the technology, streamlining transactions and enhancing accessibility in the money transfer market.
StringIQ Co-Founder, Lorne McConnachie, expressed his excitement about winning these awards, stating, “This is a testament to the hard work, vision, and innovation of the StringIQ team. To be recognized as FinTech Start-Up of the Year twice within just 12 months is an incredible honor. It underscores our commitment to developing cutting-edge FinTech solutions.”
The SME News Scottish Enterprise Awards celebrate Scottish businesses that demonstrate excellence, innovation, and resilience in their respective fields. The UK Finance Awards recognize companies that overcome challenges in the financial sector to achieve success. For StringIQ, these accolades highlight its rapid growth and groundbreaking contributions to the fintech sector. With Swipen SoftPoS already gaining traction across Europe, the company is poised to expand globally in 2025 and explore new opportunities to revolutionize digital payments.
As the fintech industry continues to evolve, StringIQ remains at the forefront with bold ideas and cutting-edge technology. The company’s journey from start-up to multi-award-winning enterprise in such a short time signals a promising future ahead.
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Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.