Page 27 - FintechAtlas2019

Size
Funding trends
# of active local fintechs
Cumulative funding 2008-2019
€25M €20M <1% €15M €10M €5M 0
27
215222+7++39+9+4++ 1111+3+11+68++5+
15% 2% 7% 2%1%5% 7 1 3 2%
11%
4%
2 9% 4
1 11% 10 22%
46 €40M
18
39%
70%
Insurance Corporate Banking Retail Banking SME Banking
Top VC investors
Hiventures
MKB Fintechlab
Fiedler Capital
OXO Labs Ltd.
Euroventures
Y Combinator
OpenOcean
Nestholma
PortfoLion
Home Credit Group
Capital Markets Wealth Management
2014 2015 2016 Technology Debt Seed/Angel
Support Private Equity Not specified
2017 2018 Series A
2019 Series B
Funding (€)
18.1M
1M
990.8K
557K
352.7K
Investor
# of investment
12
4
4
4
3
3
2
2
2
1
Top funding rounds 2019
Company Funding Date
bitrise 6/2019
Rollet.hu 2/2019
Seon 12/2019
Family Finances 2/2019
Everprove 7/2019
Selected Top VC investors ranked by number of investment in local fintechs from 2008 to 2019. Lowest category ranked by date of investments.
Sources: Tables include fintechs headquartered in Hungary. Funding rounds and amounts are relative to the period from 2008 to 2019 and exclude M&A, IPO and ICO deals, but include debt. Source: BCG FinTech Control Tower
Country data
Population 2019 (M)
GDP total 2019 (€ Bn)
GDP per capita 2019 (€, at PPP)
GDP growth 2019 (% yoy)
GDP growth 2020 (% yoy)
Official currency
9.7
139.1
24,475
4.9
-3.5
HUF
Total bank assets 2019 (€ Bn) 129 Total bank assets (% of GDP) 93 Account ownership 2020 (% of population) 78 Debit card ownership 2020 (% of population) 72 Internet usage 2018/2019 (% of population) 76 Usage of internet to pay bills 2020 (% of population) 53 Sent/received digital payments 2020 (% of population) 75 Source: national sources, ECB, ITU, World Bank, RBI/Raiffeisen RESEARCH; estimates for 2020 penetration ratios
Source: IMF, ITU, World Bank, RBI/Raiffeisen RESEARCH, data for 2019 and estimates for GDP growth 2020
180K
203K
3.1M
5M 8.1M
3.2M
18.1M 21.3M
5.2M
529.1K 4.2M 9.9M