In line with the Portugal Fintech Affiliation’s annual report for 2022, fintechs have raised an combination of €1.08bn so far.
Blockchain and crypto-based corporations have dominated the funding, accounting for 76% of the capital raised.
By far the most important deal performed over the past 12 months was the €30.6m raised by Uphold, a digital asset buying and selling firm.
The fintech sector can be concentrated in Lisbon, Portugal’s capital metropolis, which homes 55% of corporations, adopted by Porto with 16%.
The report additionally exhibits that near half the funding (48%) is supplied by worldwide traders.
Finextra has not too long ago launched the inaugural Monetary Cloud Summit, scheduled to happen on 2 March 2023. For extra data and to register for this occasion, please go to the occasion web page right here.