The fintech field
refers to the usage of technology
in developing financial companies
. Such companies
can refer to banking institutions
, insurance companies
and other types of legal entities that can be associated with financial activities
. Investors who want to open a company in Czech Republic
in this field must know that the country is a top fintech market
at the level of the Central Europe
, most notably for the innovative technologies
used in the banking sector
. Our team of company formation agents in Czech Republic
can offer in-depth assistance on the registration of a Czech fintech company
and can advise on the main types of fintech services
available in this country.
Highlights of the Czech fintech market
In a study referring to the usage of modern technologies in the financial sector of nine Central European countries (Czech Republic included), it was shown that the field will increase by 55% per year. The fintech market in the Central European countries accounts for EUR 2,2 billion, Czech Republic contributing to this field with EUR 190 million.
Innovation in Czech Republic
• authentication of individuals;
• using biometric data based on fingerprints or voice recognition.
Investors may start the procedure of company registration in Czech Republic
for a wide range of business activities related to the fintech sector
, including businesses related to the usage of cryptocurrency transactions
offers a legal framework for the usage of cryptocurrency
starting with 2013 and the field increased rapidly in the last years. At the level of 2015, there were 112 operators
which accepted cryptocurrency transactions
(approximately 50% registered in Prague
, the capital city).