ShareIn

Published: 17 July 2017

Jude Cook believes all kinds of investment can and should happen online.

“The days of paper brochures and posting cheques are long gone,” says the chief executive of Edinburgh-based fintech business, ShareIn. “We provide both a digital tech and compliance service that lets our clients connect with their network and raise capital. We take away the headaches of operating a website, managing payments and financial regulation. This means our clients focus on what they are good at – finding great deals and building their investor base.”

Launched in 2013 as a crowdfunding marketplace to help technology and healthcare businesses meet their funding goals, Cook – a chartered accountant – and her co-founder Andrew Pickett – an experienced web developer – stumbled across a huge demand for off-the-shelf crowdfunding websites. ShareIn now specialises in building white label crowdfunding platforms that users can customise to their own brand and market, with an optional fully authorised financial regulation service.

Being based in Edinburgh, we’ve been able to tap into world-class talent coming out of the local universities and the city’s growing reputation as a tech hub. Financial technology is also emerging as an important strategy across Scotland and we’re really pleased to be part of that.

Jude Cook, chief executive officer, ShareIn

Focus on fintech

“In 2014, we decided to change our direction, or ‘pivot’, to focus on what we’re really good at – finance and technology – as we felt there was a gap in the market,” Cook explains. “We raised $1 million in investment to build a team with this new business model. Our change in direction has served us incredibly well and the phone hasn’t stopped ringing ever since.

ShareIn specialises in building white label crowdfunding platforms that users can customise to their own brand and market.

“Combined client transactions by volume make us one of the largest crowdfunding operators in the UK and we continue to grow at a rapid pace. Whether it’s a property asset manager opening up to retail investors, or ensuring more renewable energy projects in the UK get funded – we provide the technology.”

ShareIn has been directly authorised by the Financial Conduct Authority since 2014 and in 2016 became authorised to manage Innovative Finance ISAs – a tax-free savings wrapper for those investing in crowdfunded projects.

“This is a highly regulated sector and we firmly believe that appropriate regulation is key to the growth of this sector,” Cook says. “We’re founding members of the UK Crowdfunding Association and we are considered to be the UK’s experts in crowdfunding technology solutions.”

World-class talent

ShareIn is directly authorised by the Financial Conduct Authority and authorised to manage Innovative Finance ISAs.

Based in Edinburgh’s CodeBase, the UK’s largest tech incubator, ShareIn has doubled in size this year and has 12 employees working across a range of roles including programmers/developers, financial compliance experts, project managers, customer support and sales.

“We have a hugely diverse team, which has been fundamental to our growth,” Cook says. “More than 50% are female; we have a very broad range of ages and a wealth of nationalities.

“Being based in Edinburgh, we’ve been able to tap into world-class talent coming out of the local universities and the city’s growing reputation as a tech hub. Financial technology (fintech) is also emerging as an important strategy across Scotland and we’re really pleased to be part of that.”

Special city

After studying general engineering at Durham University with a specialism in fluid mechanics, Cook went on to train and qualify as a chartered accountant with Deloitte in London. She spent six years with BT in various strategic planning and corporate finance roles and, before working on ShareIn, helped start-ups with business plans and strategy while bringing up three children.

The company is targeting expansion in Europe after launching its first multilingual and multi-currency platforms.

“Having spent a good amount of time in London, some of the aspects that I value most about Edinburgh include the lack of commuting,” Cook says. “I have a bike ride across the Meadows that is less than 10 mins. Both the beach and the mountains are right on our doorstep. The city is beautiful – I can’t imagine a better view in the whole world than the view from our office looking at the castle! Edinburgh also has such a cosmopolitan mix of people, in part due to the universities.”

What would her message be to other potential investors in Edinburgh?

“In terms of building a true start-up /scale up community, something really special is happening in Edinburgh at the moment,” Cook concludes. “Having the likes of Skyscanner and FanDuel on our doorstep has been truly inspirational. CodeBase, the universities and Scottish Enterprise are all helping to build Edinburgh as a city that can build world class businesses.

“Building a team in Edinburgh compared to London simply makes financial sense.”

 

If you would like to find out more about how we can help you and your business establish, relocate or expand within the city region, or would simply like more information about what Edinburgh has to offer, get in touch today.

E: invest@edinburgh.gov.uk

 

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