ADVERTISEMENT

Hungary Fintech Sector Expands

Fintech

Photo by Jirsak / Shutterstock.com

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.

Investment Performance Falls Significantly in Q1 Figures

Investment Performance Falls Significantly in Q1

EC Advances Infringement Procedure Over Hungary's Sovereignt... EU

EC Advances Infringement Procedure Over Hungary's Sovereignt...

New RTL HQ Gets Class “A” Energy Certificate Following Renov... Sustainability

New RTL HQ Gets Class “A” Energy Certificate Following Renov...

White Raven Skybar, Laurent-Perrier Champagnes Enter Special... Drinks

White Raven Skybar, Laurent-Perrier Champagnes Enter Special...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.