About FinTech sector in Belgium
The FinTech sector in Belgium comprises 668 companies, including 153 funded companies having collectively raised $786M in venture capital money and private equity. Out of these, 72 are Series A+ funded.
FinTech sector in Belgium has seen 44 acquisitions and 6 IPOs. This represents almost 7.5% of all such companies - which is higher than the 5.0% exit rate of tech companies in general.
This sector includes companies offering tech-enabled financial services and IT infrastructure and software for offering and managing financial services.
FinTech sector is also known as BFSI Tech.
Companies providing tech solutions to provide financial services like lending, banking, fundraising, insurance, etc are included in this sector. Companies offering traditional financial services like Banks, NBFCs, Insurance Carriers, etc are excluded.
Top FinTech Companies in Belgium
There are 668 FinTech startups in Belgium which include Unifiedpost Group, Qover, Rydoo, Accountable, itsme. Out of these, 153 startups are funded, with 72 having secured Series A+ funding.
Over the past 10 years, an average of 32 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Harvard University, INSEAD and Cornell University.
Here is the list of top FinTech startups in Belgium
Invoice payment and acceptance solution for businesses. Enables invoice payment processing, paying and getting paid on time, multiple payments in one go, automated payment reminders, and more.
Key facts about Unifiedpost Group
2. Qover
Qover provides a software suite for the insurance industry. It offers solutions for designing, building, and distributing digital insurance to help growing companies. It offers product development solutions for bike, travel, tenant, purchase, ticket cancellation insurances, and more.
Key facts about Qover
- Founded Year: 2016
- Location: Brussels (Belgium)
- Stage: Series C
- Total Funding till date: $72M
- Investors: Anthemis Group, Alven and 10 Others
- Latest Funding Round: Series C, Jul 06, 2023, $*****
- Tracxn Score: 65/100 What is this?
- Competitors Rank: 5 of 73 Competitors
3. Rydoo
AI & SaaS-driven expense management platform for businesses. The platform provides users with travel and expense management for companies and enterprises. It offers real-time expenses, travel expense management, and more. Their features include expense approval in real-time, digitization of paper receipts, data insights, mileage tracking, and online travel booking.
Key facts about Rydoo
- Founded Year: 2013
- Location: Mechelen (Belgium)
- Stage: Late Stage
- Investors: Marlin Equity Partners, Eurazeo and 1 Other
- Latest Funding Round: PE, Jun 19, 2024, $*****
- Tracxn Score: 61/100 What is this?
- Competitors Rank: 2 of 20 Competitors
4. Accountable
App-based accounting management solutions for freelancers. It features solutions for invoice management, bank reconciliation, forecasting for tax payments, accounting & tax advisory, document management, and more. Its app is available for both IOS and Android devices and the pricing is available on a monthly subscription plan.
Key facts about Accountable
- Founded Year: 2017
- Location: Brussels (Belgium)
- Stage: Series A
- Total Funding till date: $12.9M
- Investors: Connect Ventures, Stride and 4 Others
- Latest Funding Round: Series A, May 05, 2022, $*****
- Tracxn Score: 61/100 What is this?
- Competitors Rank: 3 of 171 Competitors
5. itsme
Provider of applications offering customer identity verification solutions. It is a digital identity that allows users to securely prove that it's them. The application helps in logging in to all the accounts with its unique code, registering for websites quickly without making mistakes, confirming a transaction with the bank, requesting documents from the municipality via an online portal.
Key facts about itsme
Companies founded year-on-year in the FinTech sector in Belgium
59 FinTech startups in Belgium were founded in 2019 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | 2 |
2024 | 9 |
2023 | 26 |
2022 | 39 |
2021 | 42 |
2020 | 50 |
2019 | 59 |
2018 | 50 |
2017 | 44 |
Stage-wise distribution of FinTech sector companies in Belgium
Out of the total 668 FinTech companies in Belgium, 153 have secured funding. Among them, 72 have reached Series A or higher, and 61 to Series B or beyond.
Founded - 668
Funded - 153
Series A+ - 72
Series B+ - 61
Series C+ - 53
Company Stage | No. of companies |
|---|---|
Founded | 668 |
Funded | 153 |
Series A+ | 72 |
Series B+ | 61 |
Series C+ | 53 |
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Funding Trends in the FinTech sector in Belgium
Total funding year-on-year in the FinTech sector in Belgium
The FinTech sector in Belgium saw a total funding of more than $659M in the last 10 years. The most amount of funding was in 2022 at more than $148M.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $10.3M |
2024 | $21M |
2023 | $99.9M |
2022 | $148M |
2021 | $146M |
2020 | $60.2M |
2019 | $32M |
2018 | $60.1M |
2017 | $27.5M |
Recent Funding Rounds in FinTech in Belgium
In the year 2025, till December 2025, FinTech companies in Belgium have raised $10.3M in equity funding across 4 rounds.
In the same period last year (i.e. till November 2024), FinTech companies in Belgium had raised $20.7M across 6 rounds.
So, 2025 has seen a 49.97% drop in funding in FinTech companies in Belgium as compared to 2024.
Here are some recent, important funding rounds in FinTech companies in Belgium:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 4426 | Dec 17, 2025 | ||
Series B | 4940 | Nov 10, 2025 | ||
Seed | 7392 | Jun 02, 2025 | ||
Seed | 6504 | May 27, 2025 | ||
Seed | 7196 | Nov 07, 2024 | and 1 more |
Top Investors in FinTech in Belgium
Europa is the top investor in FinTech companies in Belgium based on number of companies invested.
Here are some top investors in FinTech companies in Belgium:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Sunnyvale (United States) | ||
Brussels (Belgium) | ||
Singapore (Singapore) | - | |
New York City (United States) | - |
M&A activity in FinTech sector in Belgium
In the year 2025, till November 2025, 2 acquisitions happened in FinTech sector in Belgium. Last year, in 2024, a total of 3 acquisitions happened in FinTech sector in Belgium.
Here are some recent, important acquisitions in FinTech sector in Belgium:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Nov 04, 2025 | ||
Business Acquisition | Aug 03, 2025 | ||
Business Acquisition | Jul 24, 2024 | ||
Business Acquisition | Jul 02, 2024 | ||
Business Acquisition | Apr 16, 2024 |
Acquisition trends in FinTech sector in Belgium
Here are the acquisition trends in FinTech sector in Belgium:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 2 |
2024 | 3 |
2023 | 2 |
2022 | 6 |
2021 | 6 |
2020 | 6 |
2019 | 1 |
2018 | 1 |
2017 | 8 |
IPOs in FinTech in Belgium
In the year 2020, till September 2020, 2 IPOs happened in FinTech sector in Belgium.
Here are some recent, important IPOs in FinTech sector in Belgium:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Sep 25, 2020 | Euronext Exchange (Euronext), Frankfurt Stock Exchange (FRA) | |
Sep 22, 2020 | Euronext Exchange (Euronext) | |
Sep 16, 2003 | Euronext Exchange (Euronext) |
Colleges which produce the most FinTech companies in Belgium
Companies founded by alumni from top colleges in the FinTech in Belgium
Most number of FinTech startups in Belgium have been founded by alumni from Harvard University, INSEAD and Cornell University.
College | No. of companies |
|---|---|
Harvard University | 2 |
INSEAD | 2 |
Cornell University | 1 |
Duke University | 1 |
Harvard Business School | 1 |
Hong Kong University of Science and Technology (HKUST) | 1 |
IIM Bangalore | 1 |
Kellogg School of Management | 1 |
London School of Economics and Political Science | 1 |
National University of Singapore (NUS) | 1 |
Total funding in FinTech companies founded by alumni from top colleges in Belgium
In the last 10 years, Hong Kong University of Science and Technology (HKUST) graduates' FinTech companies in Belgium have raised the most funding among top colleges. University of Oxford alumni are second, and Harvard University alumni are third.
College | Total Funding |
|---|---|
Hong Kong University of Science and Technology (HKUST) | $71.7M |
University of Oxford | $59.7M |
Harvard University | $30.5M |
Kellogg School of Management | $22.5M |
Harvard Business School | $17.6M |
IIM Bangalore | $12.9M |
London School of Economics and Political Science | $12.9M |
Technion Israel Institute Technology | $9.59M |
Cornell University | - |
Duke University | - |
Top News in FinTech in Belgium
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Banqup partners with Rentio to offer rental guarantee accountsGlobeNewswire•Sep 25, 2025•Banqup, Rentio
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Banqup Group reports 21% organic subscription revenue growth in H1 2025GlobeNewswire•Aug 26, 2025•Banqup
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Banqup Group and iPiD Partner to Strengthen Payment Security and Tackle Invoice FraudFintech Finance•Jul 02, 2025•Banqup, iPiD
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Qover Achieves ISO 27701 Certification, Reinforcing Data Privacy and Security LeadershipFintech Finance•Feb 27, 2025•Qover
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PPRO Announces Its Partnership With EPI to Enable Unified Payments for European Consumers Through WeroFintech Finance•Feb 24, 2025•PPRO, EPI
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