Are you considering a move to Europe,
but you’re unsure of the best options for fintech jobs? Switzerland’s fintech
market is one of the most dynamic and thriving in the world. This is a truly
unique and exciting place to work, allowing you to take your fintech career in
new directions and learn from industry leaders.
Read ahead to learn five unique facts about the Swiss fintech market that are sure to get you interested in a move to the world’s financial capital.
Fact 1 - There are over 355 fintech companies in Switzerland
Switzerland boasts a fast-growing fintech industry, home to more than 355 companies and growing year on year at an annual rate of 7%. This growth is not only creating more opportunities for fintech professionals but is also heating up recruitment competition. That means that qualified professionals are well-situated to land lucrative contracts, not to mention work with industry leaders.
Fact 2 – Funding rounds are getting larger
Although the number of businesses dropped from 2020 to 2021,
those remaining raised larger rounds of funding, suggesting that the market is
maturing. Rapid, untethered growth is a thing of the past as established
businesses continue to grow and mature, building on their successes. You can
expect more stability and further growth from companies with increasing experience
and larger budgets.
Fact 3 – Venture capital activity is reaching record levels
According to Finance.Swiss,
venture capital activity in the Swiss fintech sector reached a record level in
2021, both in terms of the number of financing rounds (87) and volume (446
million CHF). While this may not position Switzerland alongside countries like
the UK and Germany, it does signal that Switzerland is amongst the world’s major
Fact 4 – Switzerland sits at the top of global rankings for financial centres
It won’t be of any surprise that Switzerland is one of the world’s heaviest hitters when it comes to banking and finance, sitting at the top of global rankings for financial centres. Despite the fintech market coming in around the middle, this presents a positive challenge for the firms. There is, quite clearly, plenty of room for growth and improvement in this area, and the reputable global standing of their financial centre is a valuable opportunity for growth. After all, people already know and trust the Swiss for their financial products – fintech is the next logical step for many consumers.
Fact 5 - The Swiss fintech market has gained considerable funding from blockchain investors
Switzerland is always ahead of the curve when it comes to new financial paradigms. For instance, their crypto banks are some of the largest in the world, attracting huge interest from big-name investors. Swiss financial companies can focus on the strengths of the crypto market, such as transparency, data quality, and lower costs, to build up the overall fintech market.
Are you ready for a career in Swiss fintech?
Working in Switzerland is a smart move
for anyone invested in their fintech career. With a high quality of life and
excellent compensation, living and working in Switzerland is a wonderful
If you’re looking for fintech jobs, Swisslinx can help you find your next role. If you’re looking to hire your next recruit, Swisslinx has the reputation and expertise to help. Click here to learn more about financial services at Swisslinx and check out the latest fintech opportunities, or submit a brief and we’ll help you source the talent you need.