The next wave of Stockholm fintechs paves the way for a greener future
Stockholm reinforces its position as Europe’s 3rd biggest fintech hub, with green fintechs as one of the emerging verticals on the Stockholm fintech scene, new report shows.
This year’s edition of the Stockholm Fintech Guide delves into the growth categories in the Swedish fintech world and looks at the latest investments, where Stockholm ranks third after London and Berlin in Europe.
Stockholm-based companies account for nearly 90% of all fintech investment deals in Sweden and 85% in the Nordics respectively. The fintech category payment and transfer continues to dominate the Nordic fintech investment scene where Klarna alone raised nearly € 2,2 bn during the past 18 months. Other areas expected to grow in the near future include regtech, insurtech and green finance.
"With our well-developed digital banking infrastructure and relentless efforts towards becoming the world's first true cashless society, I firmly believe that Sweden and Stockholm are well-positioned to inspire further innovation within the financial sector, aiming for a more sustainable economy. We'd like to welcome all founders, companies and investors with a similar vision to come along on this journey and innovate with us", says Jenny Berthling, responsible for the report and Head of Fintech at Invest Stockholm.
Stockholm has a long and successful history of technological innovation in financial services. This, combined with a robust ecosystem where COVID-19 has had a limited impact and growth exceeds expectation, puts the City’s Fintech ecosystem in a truly unique position in 2021.
The Stockholm Fintech Guide provides an overview of the fast-moving world of Sweden’s financial landscape, focusing particularly on Stockholm and the technological advancements that have fuelled the city’s journey towards becoming the world’s most cashless society.