The funding rounds for the FinTech sector in Switzerland are getting larger year-on-year as the sector matures, with the total funding for larger investments increasing constantly between 2014-2016. 2016 saw Swiss FinTech, led by the Infrastructure & Enterprise Software sector, exceed the 300 active companies barries and grow to a total of 303.
- The total funding in deals exceeding $5.0m rose with a CAGR of 179% from 2014 to 2016, with the total also rising each year consistently.
- The total investments in the $0.5m-1m bracket conversely fell each year from 2014-2016, with 2016’s total a 2.63 times decrease on 2014’s total.
- The average funding round in Swiss FinTech during 2014-2016 was just under $2m.
- The total funding rounds in FinTech rose or remained steady each year with 14, 22, and 22 deals across 2014, 2015, and 2016, respectively.
Number if FinTech companies being founded in Switzerland year-on-year increases consistently from 2010-2015, as 2016 sees first pullback since pre-2010
- Since 2010, the total FinTech companies in Switzerland has increased almost 4-fold.
- The total amount of companies founded each year consistently rose each year between 2010-2015.
Infrastructure & Enterprise Software leads Switzerland’s diverse FinTech sector
- Over half of the 303 total FinTech companies in Switzerland were comprised of only a third of the FinTech subsectors: Infrastructure & Enterprise Software, WealthTech, Payments & Remittances, and Data & Analytics.
- Emerging technologies Cryptocurrency and Blockchain make up only 8.3% of the total.
- Institutional Investments & Trading is prominent in the Swiss FinTech ecosystem, and has a 10.2% share of the FinTech sector.
Conclusion
Switzerland’s FinTech sector is omnipresent and is consistently showing signs of expansion. The migration in the last 3 years from smaller to larger investments shows the sector’s funding is becoming more late stage, as Swiss FinTech firms become more mature.
