More than 200 fintech companies make Madrid the fourth largest city in the world in the sector

The foreign investment attraction office attached to the General Directorate of Economy of the Madrid City Council, Madrid Investment Attraction (MIA), wants to continue attracting fintech companies. A booming sector in the capital that has penetrated all business niches and that makes Madrid the fourth city in the world by number of companies, only behind San Francisco, New York and London. In addition, 75% of fintech companies in Spain actively collaborate with companies in the traditional financial and banking sector.

MIA considers fintech companies to be a strategic sector for the city, which has become the main destination for foreign investment in our country and is home to 45% of the sector’s industry.

The city has a mature ecosystem in which startups, investors, universities and research centers, science and technology parks and other actors form networks of trust that make the city one of the main epicenters of European innovation. And it is the nerve center of Fintech and Insurtech institutions and associations in Europe and Latin America, such as the Euro Fintech Alliance, Fintech Latin America, the Spanish Association of Fintech and Insurtech or the MAD FintTech cluster, among others.

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