IFZ FinTech Study 2024 (HSLU Institute of Financial Services Zug)

Summary

• reached 483 companies by the close of 2023, reflecting a yearly growth of eleven percent, while Liechtenstein hosted 22 FinTech companies.p.3
• The Swiss and Liechtenstein FinTech sectors together counted a total of 505 companies at the end of 2023.p.6
• The number of sustainable FinTech companies reached 49 at the end of 2023, representing an annual growth rate of 53 percent.p.15
• The IFZ FinTech Index comprised 276 globally listed constituents with a cumulative market capitalisation of USD 1,860 billion as of 31 December 2023.p.22

Key insights

1. Singapore took the top position in the FinTech hub ranking, followed by Stockholm in second place and Zurich in third place.p.28
2. 81 percent of Swiss and Liechtenstein FinTech companies pursued an international market orientation strategy in 2023.p.11
3. Software-as-a-Service (SaaS) was the most popular revenue model among Swiss and Liechtenstein FinTech companies in 2023, accounting for 35 percent of all companies.p.13
4. Women accounted for twelve percent of management team members and eight percent of board of directors members in Swiss and Liechtenstein FinTech companies at the end of 2023.p.10
5. Investment Management was the largest product area with 200 companies, followed by Banking Infrastructure with 179 companies at the end of 2023.p.8
6. Global venture capital funding in FinTech decreased to USD 39.2 billion across 3,801 deals in 2023.p.17