The Swiss fintech industry continued to mature and consolidate in 2020, a trend showcased by increased later-stage rounds and the first fintech exits, according to the IFZ Fintech Study 2020.
Last year, Series B capital dominated the venture capital environment in the Swiss fintech industry, recording a volume growth rate of 115% compared with 2018. The first market exits also appeared in 2019, highlighting gradual market consolidation.
As of December 2020, Switzerland was home to 376 fintech companies, according to Swisscom’s Fintech Startup Map.
This year, the Swiss fintech industry saw several developments take place, with notable advances being made on the regulatory front, by the government itself, as well as by incumbents, which continued to pursue their fintech ambitions.