Top 20 Established Fintech Companies in Finland in 2022

Top 20 Established Fintech Companies in Finland in 2022

by November 17, 2022

The Helsinki Fintech Farm has published its annual list of the top established fintech companies in Finland, ranked based on the companies’ latest reported revenues.

The Finnish fintech industry—consisting some 200 fintech startups, fintech scaleups and established companies—saw revenues growing from €1.2 billion in 2020 to €1.4 billion in 2021.

ePassi, an employee benefits mobile payments platform, topped this year’s list as revenues jumped from €111 million in 2020 to €289 million in 2021. The company ranked third on the previous ranking.

Digital finance services company Multitude and enterprise finance software company Basware, who topped the previous list, came in second and third place on this year’s rankings.

The top 20 established fintech companies in Finland established before 2012 ranked based on their latest reported revenue

The top 20 established fintech companies in Finland established before 2012 ranked based on their latest reported revenue. Source: Helsinki Fintech Farm

A number of established fintech companies in Finland also saw significant growth in the past year.

Financial management services provider Administer saw revenues surging from €11.2 million to €41.9 million, while cash management solutions provider Nomentia went from €10.3 million to €21.9 million.

Consumer loans and corporate financing company Blue Finance, who was not on the previous list, joined this year’s list in 11th place with €23.8 million in reported revenue.

Meanwhile, payments company Paytrail acquired Checkout Finland in April 2021 from Osuuspankki and saw revenues growing from €18 million to €32.6 million.

Established companies are defined as companies founded before 2012 by Helsinki Fintech Farm.

The top 20 established fintech companies in Finland in 2022

#1 — ePassi

epassi logoePassi is a mobile payments for employee benefits app.

#2 — Multitude

Multitude has consumer and business lending businesses, and a shopping and financing app.

#3 — Basware

Basware provides software which automates finance and procurement processes for businesses.

#4 — Samlink

Oy Samlink Ab

Samlink is a technology service provider for the financial sector.

#5 — Accountor Finago

procountorAccountor Finago’s is a software provider known for its financial management software Procountor.

#6 — Crosskey


Crosskey is a technology service provider for the banking industry.

#7 — Administer


Administer is a digital financial management services company.

#8 — Paytrail

Paytrail Plc

Paytrail is a digital payment platform and part of financial equipment company Nets.

#9 — Profit Software (Evitec)

Profit Software Ltd

Profit Software provides system solutions and consulting services to the financial industry.

#10 — Saldo

Saldo Finance

Saldo Finance provides automated credit solutions for consumers and SMEs.

#11 — Blue Finance

Blue Finance Group

Blue Finance is a digital lending platform offering consumer loans and corporate financing.

#12 — Nomentia


Nomentia provides cloud treasury and cash management solutions.

#13 — OpusCapita

opuscapitaOpusCapita provides e-invoicing, O2C and P2P messaging, and procurement solutions.

#14 — Lemonsoft


Lemonsoft is a software company that develops ERP software.

#15 — Checkout

Checkout Finland Oy

Checkout Finland was acquired by digital payments company Paytrail (#8) in 2021.

#16 — Eone


Eone Group owns, invests in and develops digital marketplaces and technology ventures.

#17 — Cloudia

Cloudia Ltd

Cloudia provides source-to-contract procurement services for public and private organisations.

#18 — Heeros


Heeros specialises in cloud-based business management solutions.

#19 — ALM Partners

ALM Partners

ALM Partners specialises in financial asset and liability management.

#20 — FA Solutions


FA Solutions provides portfolio management solutions to wealth management companies.

No Comments so far

Jump into a conversation

No Comments Yet!

You can be the one to start a conversation.

Your data will be safe!Your e-mail address will not be published. Also other data will not be shared with third person.