Series: Statistical Notes. 24.
Author: José García Revilla
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Abstract
This note presents the Non-Banking FinTech Industry Observatory in Spain, an experimental statistics developed to monitor the evolution of this rapidly growing sector. The Observatory, updated since 2020, is based on a census of FinTech companies, combining public and private sources to classify and analyse entities according to their activity, geographical distribution, and vertical type. Additionally, the Observatory provides financial information for this set of companies in terms of national accounting, distinguishing between financial and non-financial institutions, calculated based on their financial data.
This note also includes a comparative analysis of the sector’s evolution between 2018 and 2023, highlighting a 50% increase in the number of entities with available financial statements, significant growth in assets and employment, and the consolidation of business models in erticals such as “Cryptoassets and Blockchain”.