Top 20 Startups in Finland in 2022

Top 20 Startups in Finland in 2022

by October 3, 2022

The Helsinki Fintech Farm has published its annual ranking of the top fintech startups in Finland calculated based on the companies’ latest reported revenues.

According to the report, Finland’s fintech industry—which comprises some 200 companies—saw revenue increasing from €1.2 billion in 2020 to €1.4 billion in 2021.

This year’s rankings includes startups working in web3, insurance, compliance, and other fintech-related areas.

Meet the top 20 Finnish startups:

#1 – Voima Gold


Voima Gold offers gold-backed accounts that allow clients to buy, sell, store, deposit and withdraw gold.

#2 – Silo AI


Silo AI is the largest private AI lab in the Nordics delivers AI-driven solutions and products.

#3 – Tesseract


Tesseract is a regulated digital asset innovator focusing on institutional brokerage and asset management.

#4 – Aico


Aico is an intelligent finance automation and process management platform, for key record-to-report accounting processes.

#5 – Equilibrium


Equilibrium designs, builds and funds core infrastructure for the decentralised web.

#6 – DIAS


DIAS, a product of Tomorrow Tech, is a blockchain-based digital trading platform for the residential real estate market.

#7 – Arctic Security

Arctic Security

Arctic Security develops and operates a cyber threat intelligence analysis platform.

#8 – Sortter


Sortter is a financial services comparison website.

#9 – SmartDrive

smart drive

SmartDrive provides a platform for usage-based auto insurance.

#10 – Front AI

front ai

Front AI provides conversational AI solutions for customer and employee service.

#11 – CrediNord


CrediNord a licensed online platform for business lending aimed at SMEs and micro-enterprises.

#12 – Upright Project

upright project

Upright quantifies the net impact of companiese.

#13 – NorthCrypto


NorthCrypto is a cryptocurrency marketplace.

#14 – Finazilla


Finazilla is a financial management software company.

#15 – iconicchain


iconicchain leverages distributed ledgers to automate regulatory compliance reporting, auditing and monitoring.

#16 – Snowfox.AI


Snowfox.AI automates purchase invoice processing.

#17 – FabricAI

fabric AI

FabricAI is used to automate purchase invoice processing.

#18 – NordCheck


NordCheck provides modular, comprehensive compliance management solutions based on M-Files technology.

#19 – Clento


Clento provides a way to authenticate a person who does not have a Finnish electronic identity verification device.

#20 – ResultElf


ResultElf helps consumer loan brokers, lenders and collection agencies make more profit.

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