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
