IFZ FinTech Study 2023 (Hochschule Luzern (HSLU))

Summary

• At the end of 2022, Switzerland was home to 437 FinTech companies, 14 percent more than the previous year.p.3
• Investment Management is the largest product area with 171 companies (39%).p.10
• Growth in 2022 came mostly from Investment Management (+21; +14.0%) and Banking Infrastructure (+20; +16.4%).p.7
• The largest canton by FinTech companies has 164, Zug ranks second with 123 and Geneva has 42.p.9
• Zurich (+22) and Zug (+20) made the largest gains last year.p.9
• Ten of the 14 newly founded blockchain-related companies are based in the canton of Zug.p.8
• A total of 75 companies founded prior to 2022 were added to the database in 2022.p.7

Key insights

1. After a contraction the year before, the Swiss FinTech sector returned to a path of growth in 2022.p.3
2. Company incorporations rose steadily between 2008 and 2018, with a peak of 73 companies.p.8
3. Swiss retail banks have a proportion of women in their management teams of ten percent and on boards of 27 percent.p.9
4. The study counts only companies legally incorporated in Switzerland.p.5