FinTech Company in Poland: Working, Examples & Top Firms

In this article, an overview of the FinTech company in Poland has been briefly described. Along with that the procedure to form a firm via FinTech and the working of a FinTech company in Poland have also been briefly discussed.


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    FinTech Company in Poland

    Poland is one of the most favored locations for setting up a business in the European Union. One of the most profitable businesses that you can invest in Poland is in the FinTech sector. The Fintech sector is one of the fastest-growing sectors worldwide. The number of individuals investing in the Fintech sector is growing year after year. With the rapid development of cryptocurrency 

    fintech company in poland

    and online payment methods, the sector introduces new and innovative ideas every year.

    In this article, an overview of the FinTech company in Poland has been briefly described. 

    Along with that how to form a firm via FinTech and the working of a FinTech company in Poland have also been briefly discussed.

    Overview of the FinTech company in Poland

    FinTech, a term used to describe Financial Technologies, is an industry that offers new financial services that are built on cutting-edge technology. The majority of new players on the market provide services that are application-based or based on the Internet. 

    • FinTechs usually aim to lure customers by offering products and services designed to be more user-friendly, efficient as well as transparent, and automated as compared to the ones currently offered. 
    • The worldwide FinTech demand size is predicted to reach 332.5 billion USD by 2028, & gain 08% growth in CAGR over the forecast time.
    • The FinTech sector within Poland is also expanding rapidly. Based on Statista the year 2022, there will be 299 firms on the market, as compared to 167 in year 2018. This suggests that there’s an opportunity for fast-expanding startups as well as mature, stable companies.
    • This is what makes Poland an attractive and stable place to launch FinTech projects and invest in FinTech businesses and employ FinTech developers.

    How Does a FinTech Company in Poland Work?

    FinTech is a complex concept, as it makes financial transactions easier for businesses or consumers which makes them more accessible and in general less expensive. It also applies to services and businesses that use AI Big Data, AI & encryption technology for blockchain to enable highly secure transactions on internal networks.

    In general, FinTech strives to streamline the process of making transactions easier, by eliminating any inefficient steps for all parties. For instance, the mobile application Venmo or CashApp lets you pay people at any time and transfer money directly to their preferred bank account. 

    If, however, you made the payment instead of using cash or by check, the person who received the payment would need to visit the bank to deposit the funds.

    FinTech Regulator - Financial Supervision Committee (KNF)

    Polish Financial Supervision Committee (KNF) is the authority able to oversee Polish national institutions as per EU regulations. 

    The committee was created according to the Act of 21 July 2006 on supervision of the financial market, KNF was given the responsibility for:

    Supervised familial institutions (containing banks, insurance firms, retirement reserves, investment firms, Payment service providers, electronic banks, money institutions, lending institutions cooperative credit unions, etc.)

    • The licensing of institutions that are supervised
    • Keeping track of institutions that are supervised
    • Offering education and training to market participants.
    • Issuing guidelines and sending out communications to institutions that are supervised

    The Commission and the Chairman of the Commission accomplish their assignments with the help of the Polish Financial Supervision Authority Office (UKNF). The activities carried out by the KNF are overseen by the Chairman and three deputies

    Examples of the use of technology for FinTech company in Poland

    Below is a table that summarizes major types of technology-related activities that are carried out by FinTech companies in Poland firms. Each of the concepts presented has its unique specifics, which are briefly described in the table.

    The type of activity Details
    Mobile payment system A platform that can provide mobile payment options which are believed to be safer than credit and debit card transactions.
    Mobile financial services Platforms that allow access to a variety of financial services. One example is the creation of online loans.
    Social lending Peer-to-peer lending an online platform that allows people to access financing options without the need for a financial institution.
    Online debt collection A program designed to enable users to control and automate the process of collecting debt while improving the cost of collection whenever possible.

    Key Insights of FinTech company in Poland

    According to research conducted by Accenture, there are about 100 firms that are innovating in this sector. 

    • All crucial global sectors are affected in the form of electronic payment, credit, loan monetary platforms, cryptocurrency transactions, analyses of the data (credit scoring) machine learning, and crowdfunding.
    • A survey of electronic data that was conducted by FinTech Poland Foundation and Obserwatorium.biz revealed that the most important domains in which Polish FinTech companies operate include electronic payments and financial platforms.
    • Others claim to work in areas like machine learning and data analysis as well as crowdfunding, payment processing, and P2P.
    • In the discussions that were conducted by the foundation, the representatives from both FinTech and banking industries agreed that the top areas of specialization in the Polish FinTech industry must be payment processing and services focusing on credit and loan brokers.
    • The majority of these services are intended to be utilized by other businesses (B2B) and banks as well. 
    • The majority of FinTech ventures give any of their commodities and assistance to customers. This is not a surprise since 76% of Polish startups offer B2B services, as per the Startup Poland Foundation.
    • Polish FinTech firms concentrate primarily on the domestic market, but they are also trying to introduce their products into foreign markets. 
    • The local market is large enough to allow FinTech companies to earn substantial revenue, but in contrast, it’s not enough to be significant in a global context.

    Kinds of Polish Fintech Activities

    Investors who launch a fintech company can work on various financial technology-related activities such as the following mentioned below:

    • Wealth management: Offering platforms and services that provide real financial counseling, advice, and direction to people and investors regarding money management.
    • Payment Gateways: This is the biggest sector of the Polish fintech market, with businesses providing online payment gateways, smartphone payment apps, and other cutting-edge payment systems.
    • Open Banking: This market comprises businesses creating products that let users safely share their financial information with third-party apps.

    The Top firms in FinTech Poland

    Let’s take a look at a brief outline of the most interesting and rapidly expanding FinTech company in Poland.


    BLIK is the most famous FinTech initiative in Poland that revolutionized the method of making individual payments. According to BLIK’s official website on its official website, the company has earned more than 41.4 million EUR in revenue from the company’s launch in 2015 until 2021. This is a gain of 60% year over year. 

    As of December 2021 21.6 million mobile apps active could be accessed via BLIK this is two times more users in comparison to the prior year.


    Established in the year 2018 in Warsaw, Ramp is a platform created for a fiat cryptocurrency exchange that uses decentralized escrow systems. The project was able to raise 64 million USD, with contributions made by Balderton Capital, Taavet Hinrikus as well as Francesco Simonesci.


    It was founded in 2012 and has been operating since. Creamfinance was launched in 2012 as an online service that is designed to facilitate personal loans, including microloans, credit lines, installment loans, and many more. 

    It analyses data from online sources using sophisticated algorithms and machine-learning techniques that score and evaluate users. The project has received 32 million dollars of money via Capitec Bank and Flint Capital.


    Symmetrical is an online forum designed for employers that offer monetary help to their employees. It offers a variety of services, including cash advances as well as monitoring of loans as well as risk management debt servicing, deduction loans, and loan consolidation, and many more. 

    It was established in Warsaw in 2018 and has collected 26 million USD in funds via Global Founders Capital, Finch Capital, Target Global, as well as other investors from around the world.


    Poland is one of the most growing and vibrant economies in the European Union which makes it an attractive destination for entrepreneurs. Starting a fintech business in Poland offers a fantastic opportunity to be a part of a thriving and expanding ecosystem. Poland is a desirable location for fintech entrepreneurs because of its favourable legislative framework, highly qualified workforce, and growing investment in technological infrastructure. 

    If you are looking to set up your fintech company in Poland, you can speak with our company formation experts at OnDemand International. Our experts will assist you in registering your business and further provide assistance with acquiring a virtual office, opening a bank account and so on.


    The Indian FinTech industry has an array of subsegments. This includes payments, Lending, Wealth Technology (WealthTech), Personal Finance Management, Insurance Technology (InsurTech), Regulation Technology (RegTech), etc.

    In general words, FinTech describes any company that utilizes the internet as well as mobile devices, cloud services or software to connect to financial services or to make use of these services.

    There are a variety of job opportunities in FinTech and many are based on skills in cybersecurity, programming analytics of data, AI/ML and blockchain.

    This is a rapidly expanding sector that serves industries and customers in many ways. The market is fast changing and is determined to broaden over the next numerous years.  Experts predict that the industry will reach $300 billion in the next few years.

    PayPal is indeed a FinTech business. PayPal is one of the biggest FinTech firms worldwide and was among the very first businesses to venture into the field.

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