Finland’s FinTech sector is gaining impressive traction, raising over $80m over 53 deals since 2014
Finland is establishing itself as a significant player in the Scandinavian FinTech space. Investments in H1 2017 surpassed the total invested in FinTech companies in 2016 and it looks set to surpass the $26.9m invested in 2015.
Four of the five largest deals to Finish FinTech companies were closed in the last five quarters, with WealthTech company VertaaEnsin closing the largest deal to date in the first quarter of 2017. The largest sector within the Finish FinTech ecosystem is Payments & Remittances with companies such as P2P payments app Scrooge receiving a total funding of $234.3K since 2014.