- FinTech investment in the Netherlands grew 425% YoY in 2021 compared to the global average of 45%. Last year’s investment was bolstered by a huge $800m funding round completed by Mollie, a payments service provider. Mollie serves more than 120,000 active merchants every month. The company processed more than €10bn in transactions in 2021 and will likely handle over €20bn in 2022.
- The Netherlands has a high FinTech adoption of 73% which is 1st in the EU. Lower banking costs and ease of use are the primary factors for the high adoption. The Netherlands has 47% of its population under 40 which are unfavourable demographics for FinTech adoption.
- The Dutch have a higher level of trust if a FinTech company is attached to a brand of an established bank or insurer. The Netherlands attracts investment because it is seen as a springboard to Europe, with access to European consumers. FinTech companies also benefit from good technological infrastructure. Their population size and aging population restrain native growth.
The data for this research was taken from the FinTech Global database. More in-depth data and analytics on investments and companies across all FinTech sectors and regions around the world are available to subscribers of FinTech Global. ©2021 FinTech Global