(02.04.2025) Switzerland’s financial technology sector remained flat at the end of 2024, with exactly the same number of fintech companies as the previous year (483). Meanwhile, funding also slowed, according to the IFZ FinTech Study 2025 by the Lucerne University of Applied Sciences and Arts.
Although new fintech firms were launched in Switzerland in 2024, just as many exited the market – through liquidation, merger, or acquisition – indicating a potential saturation of the sector.
Funding activity saw a sharp drop last year: total investment in the sector reached CHF 301 million, half the 2022 peak of CHF 605 million. The most significant decline was in venture capital, which plummeted to just CHF 19 million in 2024 from CHF 232 million in 2023. Switzerland appears to be following the global trend: fintech investment has been falling worldwide since 2021.
More fintechs are now adopting international, B2B business models, gradually shifting away from consumer-oriented (B2C) offerings that tend to focus on the domestic market. Meanwhile, the number of companies active in sustainable finance continued to grow, increasing from 49 to 59 in 2024. These firms now represent about 12% of the sector in Switzerland and Liechtenstein, signalling a promising market for sustainable solutions.
The stagnation in the fintech space may also reflect the industry’s maturation. After years of experimentation and prototyping, the financial sector is now increasingly focused on deploying technologies that meet concrete market needs – such as artificial intelligence, distributed ledgers, and sustainable high-performance computing.
Last modification 02.04.2025
