The Czech fintech ecosystem has around 150 companies operating across four main areas: payments, personal finance management, crowdfunding, and SME financing. Fintech in the Czech Republic is driven by high card usage, growing smartphone ownership, and an increasingly cashless society. Czech fintech companies are innovating through new technologies like AI and cryptocurrencies, and many cooperate with incumbent banks by obtaining licenses or tapping larger customer bases. The opportunities in the Czech fintech market include serving the 18% of the population that is unbanked and the many SMEs that depend on banking services.

1. CHECK THE CZECH
FINTECH ECOSYSTEM
Czech Fintech Association

2. FINTECH IN NUMBERS
● 4 main areas: payments, personal finance
management, crowdfunding/ SME financing
● ± 150 companies
● 3 + 1 reasons for fintech

3. DIGITIZATION OF TRADITIONAL SERVICES
4 MAIN AREAS
○ Payment services: BNPL, payment gateways, electronic meal tickets
○ Corporate and retail financing: online loans, combined with investing tools (p2p)
○ Personal/ corporate finance management
○ Data analysis

4. CZECH INNOVATION
IN FINANCIAL SECTOR
NEW TECHNOLOGIES (AI/ML)
○ Cybersecurity: AI application to protect from AI attack, eg. to manipulate scoring
NEW FINANCE
○ Cryptocurrencies and related solutions (hardware, software)

5. BUSINESS STRATEGIES
COOPERATION WITH INCUMBENTS
○ Licencing: cheaper or due to supervisor's approach
○ Bigger customer base
○ Access to liquidity or infrastructure

6. 3+1 REASONS FOR FINTECH
GENERATION OF HUNCHBACKS
○ 90% customers pay by card (58% will use card as preferred solution)
○ 82% mobile phones are smart
CASHLESS SOCIETY
○ 14 mln cards (1,3/ person), over 307 ths payment terminals, mostly with NFC
○ quarter of SMEs sell online (5. place in the EU)
A2A PAYMENTS
○ Still less popular

7. WHERE ARE THE OPPORTUNITIES
○ 18 % of population don't have a bank account
○ 99 % of economic subjects are SMEs, which are
dependent on banks loans and other services
○ 4,5 billion CZK on current or savings account with
immediate availability

8. THANK YOU
maria.staszkiewicz@czechfintech.cz