AI firm BlackArrow moves global base to Glasgow
Founder: Gopal Hariharan
A fintech firm specialising in artificial intelligence is relocating its head office from Australia to Scotland, creating 45 software developer and technical support jobs.
BlackArrow Financial Solutions has received a £573,000 grant from Scottish Enterprise to run its global operations from an existing office in Glasgow.
The company, which also has a presence in Sydney and Dublin, will further develop its financial planning app in its Glasgow base 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.”
Founded by Gopal Hariharan in Sydney in 2014, BlackArrow places ‘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.