Fintech in the Netherlands - statistics & facts
In recent years, the fintech sector in the Netherlands has seen rapid expansion, establishing the country as a significant player in Europe’s financial technology landscape. By 2023, the number of Dutch fintech companies exceeded 800, marking a significant multiplication in numbers as the industry continues to grow. Alongside this surge in fintech startups, the country has also seen a sharp increase in its fintech user base, with digital payments leading the way as the most widely adopted service.
Though not quite on the same level as major fintech hubs like the UK, Germany, or France, the Netherlands ranks among the top 10 fintech markets in Europe. Its growing fintech ecosystem reflects both an innovation-driven economy and a strong appetite for digital financial solutions.
The Netherlands' fintech sector continues to thrive, driven by a supportive ecosystem and growing consumer demand for digital financial services. With established leaders and emerging startups, the Dutch fintech industry is well-positioned to address evolving financial needs and contribute to the global digital economy's transformation.
Though not quite on the same level as major fintech hubs like the UK, Germany, or France, the Netherlands ranks among the top 10 fintech markets in Europe. Its growing fintech ecosystem reflects both an innovation-driven economy and a strong appetite for digital financial solutions.
The fintech ecosystem in the Netherlands
The Netherlands’ fintech ecosystem is diverse, with financial software companies leading the sector in terms of numbers. This segment accumulates the largest share of fintechs in the country, followed closely by companies specializing in payments and remittances. These businesses are at the forefront of innovation, providing services that cater to the growing demand for digital financial solutions. Geographically, North Holland, and especially Amsterdam, stands out as the fintech hub of the Netherlands. This region is home to the highest concentration of fintech companies, attracting both local startups and international firms seeking a strategic foothold in Europe. The fintech user base in the Netherlands is also highly engaged. The most active age group is individuals between 25 and 45 years old, with nearly 98 percent of this demographic using online banking. This high level of digital adoption further supports the strong growth of fintech services in the country.What are the leading fintech companies in the Netherlands?
Two of the most prominent fintech companies in the country are Adyen and Bunq, both of which have achieved remarkable success in recent years. Adyen, a global payments platform founded in 2006, has experienced rapid growth and become a major player in the international fintech landscape. In 2023, Adyen's net revenue reached an impressive 1.6 billion euros, solidifying its position as a leader in the payments industry. The number of payment transactions through Adyen’s platform was a staggering 23 billion that year, marking a significant increase compared to previous years. Bunq, another key player in the Dutch fintech scene, has taken a different approach by focusing on digital banking services. Founded in 2012, the company has quickly become one of Europe's most popular neobanks. In a significant milestone, Bunq reported its first profit in 2023, totaling 54 million euros. This achievement represents a substantial improvement from earlier results and demonstrates the growing acceptance of digital-only banking solutions among consumers and businesses alike.The Netherlands' fintech sector continues to thrive, driven by a supportive ecosystem and growing consumer demand for digital financial services. With established leaders and emerging startups, the Dutch fintech industry is well-positioned to address evolving financial needs and contribute to the global digital economy's transformation.
