AN AUSTRALIAN firm known for its financial planning app is to locate its headquarters in Glasgow creating 45 new jobs in the process. 

BlackArrow Financial Solutions said that the city would become the centre of its global operations creating new software developer and technical support jobs. 

The company, which also has a presence in Sydney and Dublin, made its headquarter decision following support from Scottish Enterprise, including a £573,000 grant award from Scotland’s national economic development agency.

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They will further develop an innovative financial planning app at their existing office in the city, which opened in 2019.  Consultancy services will also be offered to banks and building societies that need to assess compliance with changing regulations.

Scottish Government Business Minister Ivan McKee said: “Scotland will become the centre of BlackArrow Financial Solutions’ global operations and this represents a massive vote of confidence in our recovery from the pandemic.

“Artificial intelligence technology promises significant opportunities for Scottish businesses and their customers and BlackArrow is creating exactly the kind of high-value and innovative jobs we need here.

“Scottish Enterprise has a lengthy relationship with the company and this agreement is another tangible step towards post-COVID-19 prosperity.”

Glasgow Times:

Founded by Gopal Hariharan in Sydney in 2014, BlackArrow say they place ‘financial freedom’ at the ethos of its work.  Using its innovative technology, the company provides valuable insights to guide its customers to improve their affordability scenarios.

The BlackArrow app learns about a user’s financial behaviour through linked bank accounts and sends notifications to help them with financial goals, such as saving for a mortgage. 

BlackArrow intends to keep innovating new ways to adding value to every step of their customers’ financial lifecycle.

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Mr Hariharan said: “We know the complexities of planning a financial journey, which is why our platform will give customers the best framework to be the master of their own financial journey.

“Later this year we will showcase how we empower customers to take that first step of the homeownership journey; one of the most significant of all financial goals.  We are working closely with leading partners to bring customers closer to their dream of owning their home.”