• Madrid Investment Attraction

More than 200 companies make Madrid the world’s fourth biggest Fintech city

Madrid Investment Attraction (MIA), the foreign investment attraction office affiliated to Madrid’s City Department of Economics, wants to continue attracting Fintech companies (finance&technology). A booming sector in the capital that has permeated all business niches, and which makes Madrid the world’s fourth biggest fintech city in terms of numbers 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 banking and finance sector.

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

The city has a mature ecosystem in which start-ups, investors, universities and research centres, science and technology parks, and other actors form networks of trust that make the city one of the biggest epicentres for European innovation. It is also the nerve centre of Fintech and Insurtech institutions and associations in Europe and Latin America, such as the Euro Fintech Alliance, Fintech Iberoamerica, the Spanish Fintech and Insurtech Association, and MAD FintTech Cluster, among others.

Fintech Unconference 2022 on 30 June in the Torre de Cristal.

Madrid Investment Attraction (MIA) is organising the first ever global matching as a service platform, the Fintech Unconference 2022, together with Madrid City Council and Finnovating. A unique event that is taking place on 30 June in the Torre de Cristal, at No. 259, Paseo de la Castellana.

This event will bring together more than one hundred Fintech executives and founders to discuss the future of the sector. In addition, the greatest success stories and the most disruptive models of the moment will be presented, and spaces will be created to connect and forge professional relationships.

Miguel Ángel Redondo, Madrid City Councillor for Economics, Innovation, and Employment, stated: “Madrid is one of Europe’s leading cities in terms of offering the most promising prospects for both start-ups and Fintech companies. Through MIA, we are working to attract companies from this booming sector and to attract as much talent as possible, supporting them from the outset.”

More than 500 partnerships between fintechs and corporations are forged every month around the world, and this process is “accelerating” in the wake of the pandemic as companies need to “implement” their efficiencies and the digital transformation of their channels, products, and services, explains Finnovating CEO Rodrigo García de la Cruz.

MIA’s goal is to facilitate and assist the establishment of foreign companies from this booming sector in the capital, as well as other key sectors such as video games, E-health, Big Data and Cybersecurity.