By 2016, investment in Spanish fintech companies is expected to triple and the number of companies operating in the sector is expected to double. 2015, with 78 companies operating in our country and funding of around €200M, has been the take-off of this sector in Spain, which according to Venture Watch was the protagonist of 9.6% of venture capital operations in Spain.
Fintech boom prompts banks to make a move
Crowdlending platforms that offer easier access to loans, in a fast way and without the need to compute in the CIRBE and other fintech business models are posing a risk for banks, which have already begun to take steps towards fintech in order to compete in this new market. The growth forecasts are very positive and it is expected that in 2015 the European Fintech market will move a volume of €7,000 M, a 237% more than in 2014. In 2014, alternative finance platforms moved €2,957M.
The fintech sector of choice for investors in Spain
The growth of fintech seems to be unstoppable: since 2008, global investment in fintech has tripled from $928M to $3,000M in 2014 and is expected to reach $8,000M in 2018. Although the countries leading the sector in Europe are the United Kingdom and Ireland, Spain is also seeing significant operations such as those carried out in Digital Origin and Peertransfer.
Growing investment in the Fintech sector
In the last 5 years, investment in the Fintech sector worldwide has tripled, reaching an investment of $3B in 2013. In Europe, the UK tops the list of major investors.
What is Spanish venture capital investing in Fintech?
In the United States, a global benchmark in technology investment, the financing of companies in the Fintech sector grew by more than 20% in terms of both the number of transactions and capital invested. In Spain, there are also some good startups setting a good example.
Growing investment in financial technologies (FINTECH)
Investment in financial technologies (FinTech) by venture capital and venture capital has increased steadily since 2008 and has eclipsed $ 9 B. 2013 is shaping up to be an exceptional year for FinTech surpassing the high levels seen in 2012.