Chambers Fintech 2025: Finland – An Introduction to Fintech Legal

Chambers FinTech In-Depth Overview

The fintech industry stands at the crossroads of innovation and regulation, continually reshaping the financial landscape. It is currently experiencing unprecedented growth globally, propelled by technological advancements and evolving consumer preferences, which are also influencing the fintech industry in Finland.

In terms of numbers, the Finnish fintech market has been growing, although the growth has stabilised somewhat in the past year. In 2024, there were over 210 fintech companies in Finland, and the total revenue of the Finnish fintech market has grown significantly. The majority of these fintech companies are involved in payments, while the second-largest group is financial software, with the two fields containing almost equal numbers of companies. A notable development during the past few years has been the rise of Generative AI, which is being increasingly used within the fintech industry, emphasising the importance of data regulation.

Fintech has matured to also offer opportunities of collaboration for start-ups and more established companies such as banks and other financial institutions. Market participants have found new ways to collaborate with smaller fintech companies, and co-operation between finance and technology industries has become the new norm. Co-operation is generally widely valued and has long roots in the industry sector in Finland.

Read more about the insights of our Fintech experts in the Chambers and Partners’ FinTech Legal Practice Area Overview: An Introduction to Fintech Legal – Finland.

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