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Sunday, May 28, 2023
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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 Crespohttp://nordicfintechmagazine.com
Chris is a Co-founder and Chief Editor at Nordic Fintech Magazine, where he simplifies complex financial concepts through jargon-free content, making it easy for anyone to understand. With extensive experience in financial services, including working with some of Europe's largest banks, he brings a wealth of knowledge and insight into the industry. As the former Chief Futurist of the largest bank in the Nordics, Chris has a deep understanding of the Future of Financial Services, the Future of Money, Disruption, and Ethical AI in Finance. He is also a guest lecturer at Stanford University, where he shares his expertise on these topics. As a Behavioural Economist, Chris is passionate about exploring the connections between human behaviour and decision-making under risk, as well as uncovering and communicating the links between psychology, leadership, and technology in financial services.
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