Fintech in Poland – A glance at the industry

A brief look at some of the key names in the growing Polish fintech sector.

The Polish fintech industry is developing at an incredibly fast pace. According to cashless.pl, in June 2020 there were 230 business entities operating within the Polish fintech scene.

In turn, according to the Transactions on the Polish PFR Ventures Market report, fintech entities ranked third in 2020 in terms of the number of completed investments with respect to the funds put into them.

Here is a look at some of the best known players on the Polish fintech scene.

X Open Hub – liquidity for assets and state-of-the-art trading technology

Among companies specialising in providing liquidity for OTC assets, X Open Hub is the absolute leader. It is a regulated Warsaw-based fintech company that also has state-of-the-art SAAS trading technology.

It should be mentioned that X Open Hub has years of experience in providing world-class trading technology to banking institutions, brokers, and start-ups. X Open Hub offers more than 5,000 instruments, including Forex, commodities, stocks, indices, and ETFs, among others. The company stands out for its very attractive spreads and low fees for retail brokers who work in the STP model.

Fincastly – a tool to help businesses make smart decisions based on financial data

Fincastly is a tool that significantly helps businesses make informed decisions based on objective company financial data. The application downloads data from the most popular Polish invoicing software.

Thanks to access to a large amount of various information, an entrepreneur can very quickly find deviations and improve financial flows, which has a positive impact on the profitability of a given enterprise.

Tpay and Blue Media – Polish companies offering online micropayments

There are many thriving dynamic companies in this category. Tpay and Blue Media are fully Polish, but the Polish market also includes international corporations such as PayPal, Przelewy 24 or DotPay.

Experts indicate that the demand for such services will continue to remain high in the coming years.

This content has been produced in collaboration with an Emerging Europe partner organisation.