General Observations

• As of Oct. 2022, there are over 3,300 active fintechs in Europe (vs. 4,200+ in the US)
• More than 70% of all European fintechs specialize in investments, lending, and payment services; most B2B fintechs focus on addressing white space in the SME merchant segment
• Cross-border payments and spend management fintechs are up and coming
• 41% of European fintechs are based in the UK or Ireland
• The number of European fintech start-ups continues to decline steeply year on year

Please do not hesitate to contact Anton Žoldák at Anton@FlagshipAP.com or Erik Howell at Erik@FlagshipAP.com with comments or questions.