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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 a Founding Partner and Chief Editor at Nordic Fintech Magazine, where he simplifies complex financial ideas into easy-to-understand content. With a over 15 years of experience in Management Consulting and financial services, including collaborations with some of Europe's largest banks, he offers profound industry insights. Previously serving as the Chief Futurist at the largest bank in the Nordics, Chris is at the forefront of the Future of Financial Services, Money, Disruption, and Ethical AI in Finance. He is also a guest lecturer at Stanford University, Singularity University and Copenhagen Business School, where he frequently discusses the future of Money, Finance, and Entrepreneurship in Financial Services. As a Behavioral Economist, Chris is passionate about studying how human behavior and decision-making relate to risk. He also delves into the connections between psychology, leadership, and technology within financial services.