Jan Robertson

The opportunity to showcase the Know-it platform as part of the UK Fintech Trade Mission is an exciting prospect and is testament to the hard work everyone at Know-it has made since our inception.

On 28th August, Scottish fintech Know-it, led by CEO and Founder Lynne Darcey Quigley, will embark on the 2023 UK Fintech Trade Mission to Australia’s Intersekt Festival.

The purpose of the mission will be to demonstrate the very best of what UK fintech can offer Australia and its ever-growing appetite for fintech offerings. Australia continues to nurture fintech services as demand for digital and automated services continues to rocket.

Taking the Know-it platform global is the next step. Beginning the journey in the Australian market makes perfect sense given its burgeoning demand for fintech services. The backdrop of the trade mission is the ideal environment to not only launch, but to tap into the Australian fintech talent market as well. With a planned lauch of the Know-it platform in Australia in Q1 of 2024, it’s a very exciting few months ahead for the Scottish fintech.

Intersekt conference is the largest gathering of Australian fintech groups and industry leaders. The 2023 edition of the conference will host international guest speakers, thought leaders, roundtables and collaborative networking sessions.

CEO of Know-it, Lynne Darcey Quigley, comments on the upcoming expedition: “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“The plight of late payment culture and outdated manual credit control processes is not exclusive to UK businesses.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 credt control solution”

The 2023 Intersekt festival will take place from 30th August – 31st August – in Melbourne. An optional extra leg will take place in Auckland, New Zealand, from 4-5th September – Know-it will be in attendance.

Lynne continues: “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.”

Nicola Anderson, CEO at Fintech Scotland comments: “It is 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: “As a result of our financial services heritage, world-class universities and skilled talent base, Scotland is a global leader in the fintech sector.

“Scottish Enterprise and our globally-based SDI colleagues, including those based in Australia, are committed to supporting innovative Scottish fintech companies to grow in international markets. 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 Australia (23-24th August) in Sydney. Xerocon will offer the first taste of what the Australian fintech and accountancy landscape has to offer. Following Know-it’s attendance at Xerocon London in 2022, the event is set to be the ideal starting point to get a real feel for Know-it’s worth to Xero users in Australia.

Lynne concludes: “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.

“The purpose of this trip for Know-it is to not just demonstrate what we can offer, but to settle and begin building our brand down under. Our team are excited to begin partnering with local businesses to help them increase their cash flow by combatting late payments, reducing debtor days and automating their entire credit control process.”

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“As the financial climate continues to put immense pressure on the economy, businesses in Australia need all the help they can get.”

Australia continues to nurture fintech services as demand for digital and automated services rockets

Fintech companies in the UK and Europe often seek global expansion, including entering the Australian market. Scottish fintech Know-it is no exception, as they have announced the launch of their cloud-based credit management platform in Australia for 2024.

This strategic move aims to deliver Know-it’s credit management solution to the Australian market, ensuring that Australian SMEs have access to the platform to effectively manage their credit control process. With its impressive track record of helping businesses minimise late payments and boost cashflow, Know-it is well-positioned to significantly impact the Australian fintech industry.

CEO and Founder of Know-it, Lynne Darcey Quigley, comments on the expansion: “Australian businesses face the same issues as UK businesses regarding late payments and manual credit control. Automation is crucial to ensure a steady cash flow and efficient financial processes. This is an opportune moment to implement such solutions”.

“Our platform, is the first of its kind, enables companies to perform credit checks, automate payment chasing, collect overdue invoices, and more in one place. Doing so mitigates credit risk, reduce debtor days, and enhances company cash flow. At Know-it, our ultimate objective is to expand our services globally and assist SMEs worldwide in realising the importance of automating the credit control process. This automation is crucial not only for business survival but also for achieving success. The Australian market will be the first step for us internationally and we are all excited to see where the journey takes us afterwards.

“We aim to demonstrate to Australian business owners, especially SMEs, how fintech can safeguard business continuity during the turbulent economic conditions currently affecting SMEs on a global scale. Our team is thrilled to begin collaborating with local businesses, assisting them in securing cash flow by addressing late payments, decreasing debtor days, and automating their entire credit control process”.

Lynne concluded: “As the financial climate continues to put immense pressure on the economy, businesses in Australia need all the help they can get. It’s a critical juncture where technology can step in and offer a helping hand through an affordable and innovative credit management platform. In the past, smaller businesses lacked the necessary resources to automate this process, leaving many vulnerable to late payments and financial fraud. But with the introduction of Know-it’s platform in the Australian market, businesses of all sizes can now easily Check-it, Chase-it, and Collect-it in real-time without the hassle of manual processing”.

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