Hungary Fintech Sector Expands
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Hungary's Fintech sector has grown to about 175 companies, news agency MTI writes, citing a report published by the National Bank of Hungary (MNB) on Monday.
Microbusinesses accounted for 55% of the companies, according to the report. About 85% were focused on B2B activities.
The combined annual turnover of Hungarian FinTech companies climbed over HUF 220 billion in 2021.
The headcount at local Fintech companies was over 8,000 in 2022. A little more than 4,000 people employed in the sector worked in data analysis and business intelligence.
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