About FinTech sector in Serbia
The FinTech sector in Serbia comprises 110 companies, including 11 funded companies having collectively raised $5.61M in venture capital money and private equity. Out of these, 1 is Series A+ funded.
FinTech sector in Serbia has seen 1 IPO.
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 Serbia
There are 110 FinTech startups in Serbia which include Ceres, ENPay, Kursna Lista, Bemil, IBAS. Out of these, 11 startups are funded, with 1 having secured Series A+ funding.
Over the past 10 years, an average of 7 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Bocconi University.
Here is the list of top FinTech startups in Serbia
1. Ceres
Decentralized ecosystem offering DeFi services a decentralized ecosystem based on the SORA network that offers Launchpad, dApps, and tools for new projects to launch cryptocurrency tokens. It also offers a platform native cryptocurrency token.
Key facts about Ceres
- Founded Year: 2021
- Location: Belgrade (Serbia)
- Stage: Unfunded
- Tracxn Score: 37/100 What is this?
- Competitors Rank: 13 of 242 Competitors
2. ENPay
Toll payment solutions for consumers. Provides an online application for electronic toll collection, allowing users to easily pay tolls. Offers flexibility and convenience, allowing users to make payments from their mobile devices at any time and any place.
Key facts about ENPay
- Founded Year: 2019
- Location: New Belgrade (Serbia)
- Stage: Unfunded
- Tracxn Score: 36/100 What is this?
- Competitors Rank: 1 of 1 Competitors
3. Kursna Lista
App-based platform for real-time currency exchange rates. It enables users to convert and calculate the exchange rates of multiple currencies. It features real-time bitcoin rates, charts, loan calculators, and more. The application is available on the Android platform.
Key facts about Kursna Lista
- Founded Year: 2007
- Location: Serbia
- Stage: Unfunded
- Tracxn Score: 36/100 What is this?
- Competitors Rank: 13 of 105 Competitors
4. Bemil
Developer of mobile-based blockchain-based game. The company offers "BeMil" a casual game with play to earn feature, in which players can engage in battle modes with each other, build parties & clans. The game is available for iOS and Android users.
Key facts about Bemil
- Founded Year: 2021
- Location: Belgrade (Serbia)
- Stage: Seed
- Total Funding till date: $1.65M
- Investors: Basics Capital, Avstar and 10 Others
- Latest Funding Round: ICO, Nov 25, 2021, $*****
- Tracxn Score: 35/100 What is this?
- Competitors Rank: 91 of 1,029 Competitors
5. IBAS
Provider of digital wallet solutions for consumer and business payments. For consumers, it features a solution for online money transfer, utility bill payment, mobile payments, salary acceptance, and more. Its mobile application also allows businesses to turn mobile devices into a virtual POS system in order to accept credit/debit card payments from customers. The app is available for both Android and IOS devices.
Key facts about IBAS
- Founded Year: 2018
- Location: Serbia
- Stage: Unfunded
- Tracxn Score: 39/100 What is this?
- Competitors Rank: 298 of 2,436 Competitors
Companies founded year-on-year in the FinTech sector in Serbia
16 FinTech startups in Serbia 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 | - |
2024 | 2 |
2023 | 5 |
2022 | 10 |
2021 | 16 |
2020 | 12 |
2019 | 7 |
2018 | 16 |
2017 | 5 |
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Funding Trends in the FinTech sector in Serbia
Total funding year-on-year in the FinTech sector in Serbia
The FinTech sector in Serbia saw a total funding of more than $5.61M in the last 10 years. The most amount of funding was in 2021 at more than $5.54M.
- Total Funding
Year | Total Funding |
|---|---|
2021 | $5.54M |
2020 | $22K |
2017 | $40K |
Recent Funding Rounds in FinTech in Serbia
In the year 2021, till November 2021, FinTech companies in Serbia have raised $1.65M in equity funding across 1 round.
In the same period last year (i.e. till March 2020), FinTech companies in Serbia had raised equity funding across 1 round.
Here are some recent, important funding rounds in FinTech companies in Serbia:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 1511 | Nov 06, 2021 | and 8 more | |
Seed | 7964 | Mar 17, 2020 | ||
Seed | 5782 | Jan 10, 2017 |
Top Investors in FinTech in Serbia
South Central Ventures is the top investor in FinTech companies in Serbia based on number of companies invested.
Here are some top investors in FinTech companies in Serbia:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Zagreb (Croatia) | ||
Belgrade (Serbia) | ||
- | ||
- | ||
Schlieren (Switzerland) | - |
Top News in FinTech in Serbia
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Selfie biometrics providers partner to reach new geographies, sign up payments networksBiometricUpdate.com•Apr 22, 2022•IDnow, Blinking
