About FinTech sector in Finland
The FinTech sector in Finland comprises 540 companies, including 191 funded companies having collectively raised $1.57B in venture capital money and private equity. Out of these, 68 are Series A+ funded, and 1 has achieved unicorn status.
FinTech sector in Finland has seen 37 acquisitions and 9 IPOs. This represents almost 8.5% 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 included in FinTech
Companies providing tech solutions to provide financial services like lending, banking, fundraising, insurance, etc.Companies excluded in FinTech
Companies offering traditional financial services like Banks, NBFCs, Insurance Carriers, etc.Top FinTech Companies in Finland
There are more than 540 companies in FinTech in Finland. ICEYE is the top FinTech company in Finland, ranked using Tracxn Score (what's this?).
Here are 5 of the top FinTech companies in Finland:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Operator of synthetic aperture radar satellites providing earth observation data | Espoo (Finland) | 2014 | Series E | $686M | |
Online payment solution for businesses | Espoo (Finland) | 2007 | Acquired | $45.4M | |
Non-custodial staking solution for cryptocurrencies | 2020 | Series A | $72M | ||
Portfolio management platform for cryptocurrency | 2019 | Series A | $8M | ||
Platform offering a generalized shared security system for decentralized networks | 2024 | Series A | $34.8M |
Companies founded year-on-year in the FinTech sector in Finland
72 FinTech startups in Finland were founded in 2021 - 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 | 1 |
2024 | 12 |
2023 | 29 |
2022 | 49 |
2021 | 72 |
2020 | 34 |
2019 | 25 |
2018 | 38 |
2017 | 31 |
Stage-wise distribution of FinTech sector companies in Finland
Out of the total 540 FinTech companies in Finland, 191 have secured funding. Among them, 68 have reached Series A or higher, and 55 to Series B or beyond.
Founded - 540
Funded - 191
Series A+ - 68
Series B+ - 55
Series C+ - 52
Company Stage | No. of companies |
|---|---|
Founded | 540 |
Funded | 191 |
Series A+ | 68 |
Series B+ | 55 |
Series C+ | 52 |
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Funding Trends in the FinTech sector in Finland
Total funding year-on-year in the FinTech sector in Finland
The FinTech sector in Finland saw a total funding of more than $1.49B in the last 10 years. The most amount of funding was in 2022 at more than $337M.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $287M |
2024 | $182M |
2023 | $44.7M |
2022 | $337M |
2021 | $312M |
2020 | $105M |
2019 | $121M |
2018 | $73.1M |
2017 | $17.4M |
Recent Funding Rounds in FinTech in Finland
In the year 2025, till December 2025, FinTech companies in Finland have raised $287M in equity funding across 15 rounds.
In the same period last year (i.e. till December 2024), FinTech companies in Finland had raised $175M across 11 rounds.
So, 2025 has seen a 63.32% rise in funding in FinTech companies in Finland as compared to 2024.
Here are some recent, important funding rounds in FinTech companies in Finland:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series E | 6825 | Dec 05, 2025 | ||
Series D | 8655 | Aug 25, 2025 | ||
Seed | 5628 | Jun 23, 2025 | ||
Seed | 2292 | Jun 10, 2025 | ||
Series B | 3438 | Jun 06, 2025 |
Top Investors in FinTech in Finland
Felicis Ventures is the top investor in FinTech companies in Finland based on number of companies invested.
Here are some top investors in FinTech companies in Finland:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Menlo Park (United States) | - | |
New York City (United States) | - | |
Stockholm (Sweden) | - | |
Singapore (Singapore) | - | |
Gibraltar (United Kingdom) | - |
M&A activity in FinTech sector in Finland
In the year 2025, till December 2025, 2 acquisitions happened in FinTech sector in Finland. Last year, in 2024, a total of 4 acquisitions happened in FinTech sector in Finland.
Here are some recent, important acquisitions in FinTech sector in Finland:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Dec 18, 2025 | ||
Business Acquisition | Mar 10, 2025 | ||
Business Acquisition | Nov 19, 2024 | ||
Business Acquisition | Jul 01, 2024 | ||
Business Acquisition | Mar 06, 2024 |
Acquisition trends in FinTech sector in Finland
Here are the acquisition trends in FinTech sector in Finland:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 2 |
2024 | 4 |
2023 | 4 |
2022 | 1 |
2021 | 5 |
2020 | 5 |
2019 | 5 |
2018 | 3 |
2017 | 3 |
IPOs in FinTech in Finland
In the year 2023, till October 2023, 1 IPO happened in FinTech sector in Finland.
Here are some recent, important IPOs in FinTech sector in Finland:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Oct 02, 2023 | Helsinki Stock Exchange (OMXH) | |
Nov 11, 2016 | Athens Exchange (ATHEX) | |
Jul 12, 2015 | Athens Exchange (ATHEX) |
Colleges which produce the most FinTech companies in Finland
Companies founded by alumni from top colleges in the FinTech in Finland
Most number of FinTech startups in Finland have been founded by alumni from Aalto University, Carnegie Mellon University and Hong Kong University of Science and Technology (HKUST).
College | No. of companies |
|---|---|
Aalto University | 19 |
Carnegie Mellon University | 1 |
Hong Kong University of Science and Technology (HKUST) | 1 |
London Business School (LBS) | 1 |
London School of Economics and Political Science | 1 |
Nanyang Technological University (NTU) | 1 |
National University of Singapore (NUS) | 1 |
Sorbonne University | 1 |
Stanford University | 1 |
Tsinghua University | 1 |
Total funding in FinTech companies founded by alumni from top colleges in Finland
In the last 10 years, Aalto University graduates' FinTech companies in Finland have raised the most funding among top colleges. University of Cambridge and University of Oxford alumni are second.
College | Total Funding |
|---|---|
Aalto University | $733M |
University of Cambridge | $1.85M |
University of Oxford | $1.85M |
Carnegie Mellon University | - |
Hong Kong University of Science and Technology (HKUST) | - |
London Business School (LBS) | - |
London School of Economics and Political Science | - |
Nanyang Technological University (NTU) | - |
National University of Singapore (NUS) | - |
Sorbonne University | - |
Top News in FinTech in Finland
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Aechelon & Partners Debut Project Orbion: AI-Enabled Digital Twin of EarthPR Newswire•Sep 09, 2025•Aechelon Technology, Niantic Spatial, Science Direct, ICEYE and 2 others
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Crypto trading platform Coinmotion expands to Sweden and appoints Sweden managerIT-FINANS•Aug 22, 2025•Coinmotion
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Lido Finance & Maple Partners Offer Stablecoin Loans Backed By stETHbitcoinethereumnews.com•Jun 13, 2025•Maple, Lido
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ICEYE launches hurricane data solution for US insurersLife Insurance International•Apr 01, 2025•ICEYE
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Enfuce Welcomes Paralympic Gold Medallist, Birgit Skarstein, As Chief Inspiration Officer (Cino)Fintech Finance•Mar 19, 2025•Enfuce
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ICEYE launches four new satellites and introduces its new Generation 4 satelliteCerebral•Mar 18, 2025•ICEYE
