Swiss FinTech investment breaks records in 2022 after strong Q4

top 10 fintech deals in switzerland chart table

Key Swiss FinTech investment stats in 2022:
• Switzerland set a new record for FinTech investment raising $1.4bn in 2022, a 29% increase from 2021
• Swiss FinTech deal activity saw a slight 7% drop from 2021 levels reaching 138 deals in total during 2022
• Blockchain & Crypto was the most active FinTech subsector accounting for a third of all Swiss FinTech deals in 2022.

2022 has been a record-breaking year for Swiss FinTech. FinTech investment in the country reached $1.4bn in 2022, a 29% increase from the previous year. FinTech deal activity saw a small 7% drop from 2021 levels although this figure much better than other European countries such as such as France which saw funding drop 14%.

Acronis, a data protection software vendor, was the largest Swiss FinTech deal in 2022 raising $250m in their latest Private Equity funding round led by BlackRock. The latest funding brings Acronis’ valuation to $3.5bn. The funding will be invested in growing its sales and market teams, making acquisitions, and supporting ecosystem partners, the firm claims. The cybersecurity firm offers Cyber Protect Cloud that gives features to detect malware in corporate networks and tools for protecting data from outages. Its software is used by 750,000 businesses and 5.5 million consumers globally.

The Blockchain & Crypto sector was the most active FinTech subsector with 46 deals, a 33% share of all FinTech deals announced in 2022. WealthTech was the second most active subsector with a 17% share of total deals and RegTech was third with a 16% share.
Zurich nudged ahead of Zug for the most active city title in 2022. Zurich saw a sizeable 36% of FinTech deals in 2022 closely followed by Zug which had a 32% share.

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. ©2023 FinTech Global

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