A delegation of UK FinTech companies will be heading to Australia to showcase their talents.

Scottish Fintech Know-it, led by CEO and founder Lynne Darcey Quigley, will form part of the trade mission to Australia’s Intersekt festival, ahead of launching its platform there in Q1, 2024.

Intersekt is the largest gathering of Australian FinTechs, hubs, accelerators, policymakers, regulators, investors and advisors, devoted to unlocking the potential of Australia’s FinTech market.

The purpose of the mission will be to demonstrate the very best of what UK FinTechs can offer Australia, where demand for digital and automated services continues to rocket.

Quigley said: “Having the opportunity to showcase the Know-it platform as part of the UK FinTech trade mission is an exciting prospect and is a testament to the hard work everyone at Know-it has made since our inception in 2019.

“The plight of late payment culture and outdated manual credit control processes is not exclusive to UK businesses.

“Now is the time for Australian businesses to gain access to ensure their cash flow and financial processes are secured and automated from end-to-end.

“There is real appetite in Australia with the likes of Xero and MYOB making it easy for businesses to connect their accounts package to our automated credit control solution.”

The 2023 Intersekt festival will take place from August 30-31 and will be held Melbourne.

An optional extra leg will take place in Auckland, New Zealand, from September 4-5, which Know-it will also be attending.

Quigley added: “Here at Know-it, our long-term goal is to take our offering global and help organisations worldwide wake up to why automating the credit control process is vital to not only business survival, but success too.

“Having this opportunity would not have been possible without our partners at Fintech Scotland and Scottish Enterprise; providing the necessary support startups like ourselves require to be a part of crucial events such as Intersekt conference.

‘Making the journey to Australia and exporting UK Fintech offerings is the next big step in our journey towards going global.

“We want to show Australian business owners and accountants – particularly SMEs – how Fintech can help protect business continuity during the turbulent economic conditions currently threatening organisations on a global scale.”

Nicola Anderson, CEO at FinTech Scotland, said: “It’s fantastic to see Know-it embark on the 2023 UK FinTech trade mission to Australia’s Intersekt festival.

“This is a great opportunity to showcase the platform as part of this mission and it recognises the excellent work everyone at Know-it has put in under the leadership of Lynne Darcey Quigley.

“International growth is the next step for scaling-up FinTechs and Australia is a great choice, taking advantage of the UK-Australia FinTech bridge which align regulations in both countries.

“We’re looking forward to witnessing the launch of the Know-it platform in Australia in 2024 and hope it will serve as a model for many other Scottish FinTechs.”

Jan Robertson, director of Global Trade at Scottish Enterprise, said: “We’ve been pleased to support Know-it with its plans to enter the Australian market and we are confident the company’s presence at Intersekt will raise its profile with potential customers and partners alike, helping the company achieve its export ambitions.”

Prior to Intersekt, Know-it will also be attending Xerocon in Sydney on August 23-24.

Know-it was founded in 2019 by Quigley, who has worked within the commercial debt recovery industry for over 25 years.