Stockholm is Europe's third-biggest fintech hub, new report shows
In 2019 Stockholm scaled fintech investments to a new record level. Based on the 3-year average from 2017-2019, Stockholm ranks 3rd after London and Berlin in Europe. 63% of Swedish fintech ventures have experienced an increased transactional volume since the beginning of the coronavirus pandemic.
Highlights in the last 18 months include Klarna becoming Europe’s most valuable privately-owned FinTech startup, the Bank of International Settlements establishing an Innovation Hub in Stockholm, and Tink – the open banking platform – buying Instantor.
More than 400 fintech ventures in Sweden were scouted and reviewed for the Stockholm Fintech Guide. Reflecting the sector's rapid expansion, this year’s edition of the report includes new categories such as Decentralized finance, LegalTech, and Equity Token Offering.
“Ventures have not only been established, bought, or invested in. The report shows that they also grew their offering horizontally to combine previously unrelated sectors. It’s truly an exciting time for fintech in Stockholm”, says Jenny Berthling, Co-author of the report and Head of Fintech at Invest Stockholm.
About the Stockholm Fintech Guide
The report encapsulates the latest investment statistics, trends, and changes to the fintech scene in Stockholm. In addition, it includes a number of interviews with fintech stakeholders to represent the diverse nature of the Swedish fintech ecosystem and showcase what Stockholm is best at – constant collaboration based on trust and transparency.
For more information, please contact Jenny Berthling. Details below.