Newcastle fintech sector grows with London firm expansion

A financial technology firm with offices in London and New York has opened a new base in Newcastle.

Singletrack, headquartered in London, is a capital markets CRM and research distribution platform, used by investment banks and brokers internationally.

The Newcastle team of four will be based at Hoult’s Yard, with further team expansion expected in the near future.

Paul Dyson, chief technical officer at Singletrack, said: “Newcastle has thriving financial and tech sectors, it gave us great confidence that there is a wealth of customer and IT support experience in the region.

“We hope to add to the team quickly and given our growth in the last three years, a team of 10-15 in Newcastle by 2022 is achievable.

“The support of Invest Newcastle was invaluable during our expansion into Newcastle.

“There was a great range of office types and locations available, and we found a number of quality candidates looking for new roles.”

Inward investment agency Invest Newcastle supported Singletrack’s move to the city.

Ciara Slack, senior investment manager at Invest Newcastle, added: “It’s great to be able to welcome an international company like Singletrack to Newcastle.

“The Singletrack team was impressed with positive case studies and feedback from those already established in Newcastle and we’re looking forward to watching them grow here.

“Singletrack joins Newcastle’s growing fintech sector, which already includes well-known names such as True Potential, XE.com, Kani Payments and WorldPay.

“The North East currently has an estimated workforce of 53,000 in the financial services and technology sectors, and it is an area that will continue to grow.”