Ireland's Fintech Landscape (Enterprise Ireland)
Summary
- Enterprise Ireland has invested over €90 million in over 200 Irish-born fintech, financial, or related business services companies.p.3
- Irish fintech VC deal value reached €266.3 million in 2023 across 34 deals before falling to €77.6 million in 2024 across 25 deals.p.5
- Enterprise Ireland-backed companies accounted for at least 60% of all Irish fintech VC activity each year over the past decade.p.6
- Ireland hosts over 400 global financial firms, including half of the top 50 banks, with firms administering funds exceeding €4.5 trillion.p.4
- In 2023, the financial services and fintech sector in Ireland generated €22 billion in exports, with indigenous firms contributing €2.8 billion.p.10
- The Irish financial services sector currently employs over 120,000 people across more than 8,800 companies.p.4
Key insights
- Enterprise Ireland is ranked by PitchBook as the 3rd most active investor in fintech in Europe.p.3
- Fintech VC investments in companies backed by Enterprise Ireland totaled over €400 million over the past five years.p.6
- North America represents the largest export market for Enterprise Ireland fintech and financial services clients, accounting for 43% of total exports.p.10
- Irish fintech startups face scaling challenges when seeking funding rounds sized between €3 million and €10 million.p.7
- EY analysis projects financial services employment in Ireland to grow by 34% to 168,000 people by 2028.p.8
- Total assets within the Irish financial sector reached €8.1 trillion in 2023.p.9
Topics and entities
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