Types of Fintech Activities in Poland

Fintech, or financial technology, has been an important step in the improvement of the manner in which financial services firms offer their services. Companies in this business sector offer solutions for many areas related to financial services but also for personal finance.

 

Poland is one of the Central and Eastern European countries with the largest fintech market and a country that has gained recognition in the field over the years. There are several types of fintech activities in Poland that can be undertaken by investors and our team of attorneys in Poland highlights some of the most popular ones.

 

 

The table below summarizes the main types of financial technology activities undertaken by Polish companies. Each of the ideas presented has its own characteristics, briefly outlined in the table, and it is recommended that investors further explore the business needs and start-up costs.

 

Type of activity	Details
Mobile payment system	A platform that offers mobile payment solutions, a method thought to be more secure than traditional credit/debit card payments.
Mobile financial services	Platforms that offer access to various types of financial services. One example is for creating online loan applications.
Social lending	Peer-to-peer lending, or a platform that allows individuals to find financing solutions without a financial institution.
Online debt collection	A software designed to allow the user to control and automate the debt collection process, at the same time optimizing collection costs where possible.

 

 

Starting a fintech business in Poland