The new employees will work on the Embark Platform and will be based at Embark’s HQ in Dundee, expanding its current Scottish workforce of 200 by a quarter to 250. 

Embark is seeking to hire at all levels, including school leavers and graduates, as well as people with extensive experience in financial services and fintech. 

The group has been engaging with Abertay University and the University of Dundee to recruit graduates, using support from Scottish Enterprise, the Scottish Government and Dundee City Council.

Embark is also working to create a dedicated FinTech Venture Studio for fintech entrepreneurs in Dundee with the backing of the Scottish Government, Scottish Enterprise and other partners. 

Peter Docherty, CEO of Embark Platform, said: “We are excited by the potential of the talent in Dundee and how it will contribute to our continued development. We’ve been delighted by the support provided by Scottish Enterprise and we look forward to continuing to build our presence in Dundee and bring exciting new job prospects to the area.”

Mark Hallan, Scottish Enterprise director of global investment, said: “Scottish Enterprise has supported and followed Embark’s journey and it is fantastic to see new jobs and further growth in a key sector as well as plans to nurture FinTech entrepreneurs.”