CienDos founder and SEP investment director join FinTech Scotland board
Jules Salmond and Andrew Davidson are the first appointments in a strategic refresh designed to give the board a more active role.
FinTech Scotland has added Jules Salmond, founder and chief executive of CienDos, and Andrew Davidson, investment director at Scottish Equity Partners, to its board.
Salmond was previously an executive at tech and data business Cerico, later bought by Dow Jones Inc. She went on to co-found Glasgow data company CienDos, where she is still chief executive. The firm helps financial institutions close gaps in their knowledge of the businesses they insure and lend to.
“Fintech Scotland didn’t exist on my first founding journey, so having FinTech Scotland in my corner as we are building CienDos has been game changing, providing key sector insights and access to scaling opportunities such as the award-winning FRIL programme helping build our strategic partnership with Equifax,” she said.
“I’m delighted to be joining the Board so I can help the organisation support more founders like me – and hopefully accelerate their growth.”
At Scottish Equity Partners (SEP), which is a specialist growth equity investor in enterprise technology companies, Davidson concentrates on fintech.
“Scotland has built a strong fintech cluster with some genuinely impressive companies in it,” he said. “The next phase is about helping more of them scale. I’m delighted to be able to bring the new perspective of a growth equity investor to the Board and hope this will be valuable to all involved.”
The two appointments are part of a strategic refresh at FinTech Scotland, which said the board would now take a more active role, including helping to shape strategy.
“As a founder and an investor, Jules and Andrew bring practical experience of what it takes to build companies and fund them – insight that will help us support fintechs to grow in Scotland and internationally, and raise money to power their growth, as well as helping the wider sector make the most of global opportunities,” said Aleks Tomczyk, chief executive of FinTech Scotland.
“We are delighted that they have agreed to join the Board and look forward to their input.”
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