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The number of employees in Danish fintech is growing – it is now a larger industry than the insurance industry

The number of employees in the Danish fintech industry is increasing rapidly through new startups and growing companies. In 2015, there were 700 employees in fintech in Denmark and at the turn of the year the number was 3,000. During the first half of 2022, the number of employees has increased further to 4,300, which means that fintech has outgrown the insurance industry, which according to Forsikring & Pensions’ website employs 4,000 people in Denmark. This is reported by the daily Børsen based on statistics from Copenhagen Fintech, which in a forecast expects that Danish fintech jobs will increase to 5,000 in 2024.

According to Copenhagen Fintech, the Danish IT cluster with a focus on the financial market has received 19.5 billion Danish kroner in new capital over the past five years. Thomas Krogh Jensen, director of Copenhagen Fintech, does not believe that the past year’s interest rate increases and stock market turmoil pose any threat to the 320 fintech startups that existed in Denmark at the turn of the year. “It is proof that it is possible to build a tech ecosystem in Denmark, which has critical mass, is internationally recognized and can compete with much larger countries,” he tells Børsen. (News Øresund)

Chris Crespo
Chris Crespo
Chris is the Co-founder of Nordic Fintech Magazine and Fast Forward Banking. He uncomplicates finance through jargon-free financial media content in plain and simple language. Chris is also a guest lecturer at Stanford University and Singularity University where he speaks regularly on the Future of Financial Services, the Future of Money Disruption and Entrepreneurship.