Best FinTech Companies in Iceland
The 76 best FinTech companies in Iceland in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Lucinity.
- Statista
Our analysis of 1,006 FinTech companies
$195.5b in tracked funding; 96% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best FinTech companies in Iceland
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Lucinity Provider of a platform for financial crime investigation and prevention | $26M | 47 mo ago | Series B | Gudmundur Kristjansson Founder & CEO | 2018 | PrismicApple iCloud MailMicrosoft 365+27 | 1 award |
| 2 | Taproot Wizards Platform offering a collection of JPEGs inscribed on the Bitcoin blockchain | $8M | 16 mo ago | Series A | Eric Wall Co-Founder | 2023 | Node.jsTailwind CSSReact+7 | — |
| 3 | Authenteq Networked automatic customer identity verification platform for marketplaces | $6M | 89 mo ago | Acquired | — | 2015 | — | — |
| 4 | indó Digital bank for individuals | $6M | 52 mo ago | Seed | Tryggvi Davidsson Co-Founder & COO | 2018 | Node.jsReactNext.js+9 | — |
| 5 | Nitro NFT-based trading platform for digital games | $5M | 54 mo ago | Series A | Zaynab Tucker CEO | 2021 | Node.jsReactGSAP+9 | — |
| 6 | ENVELOP NFT-based network for payment and crypto storage | $2M | 56 mo ago | Funding Raised | Alexander Kuzin Co-Founder | 2020 | YouTubeReactTwitter Ads+9 | — |
| 7 | Imperium Empires Developer of real-time strategy game based on blockchain technology | $2M | 52 mo ago | Seed | Leo Tan Co-Founder | 2021 | — | — |
| 8 | Taktikal Identity verification management solutions for businesses | $2M | 53 mo ago | Seed | Bjarki Ingason Co-Founder | 2017 | WebflowCloudflare TurnstilereCAPTCHA+13 | — |
| 9 | Monerium Stable coin backed by fiat currency | $2M | 89 mo ago | Seed | Sveinn Valfells Co-Founder & CEO | 2015 | JekyllSentryRuby+18 | 2 launchs · 2 partnerships |
| 10 | Memento Developer of white label solutions for digital wallets | $1M | 45 mo ago | Seed | Arnar Jonsso CEO & Co-Founder | 2014 | — | — |
| 11 | Glaze Cloud-based payment acceptance solution for businesses | $1M | 39 mo ago | Seed | Arnpor Ingi Hinriksson Co-Founder & CEO | 2022 | TypeScriptZone.jsAngular+11 | — |
| 12 | FinDaily Financial analytics platform for businesses | $100K | 32 mo ago | Seed | — | 2021 | YouTubeBootstrapHelp Scout+4 | — |
Top 12 FinTech companies in Iceland
#1
Series A · Iceland · founded 2023$7.5Mraised▾
Platform offering a collection of JPEGs inscribed on the Bitcoin blockchain. Users can explore, buy, sell or invest in the collectibles.
- Feb 2025Series A$30M
- Nov 2023Seed$7.5M
#2
Series B · Reykjavik, Capital Region · founded 2018 · 71 employees$26Mraised▾
Provider of a platform for financial crime investigation and prevention. The platform offers case management, an AI agent, customer data integration, and regulatory reporting tools. It facilitates transaction monitoring and configuration of financial crime systems. The platform automates evidence gathering, analysis, and narrative creation. It also streamlines the generation and submission of regulatory reports.
- Jul 2022Series B$17M
- Jul 2020Series A$6.1M
- Jan 2020Grant (prize money)—
- Jun 2019Seed$2M
#3
Seed · Reykjavik, Capital Region · founded 2018 · 16 employees$5.6Mraised▾
Digital bank for individuals. Its services include current accounts, prepaid cards for online/offline purchases, bill payments, money transfers, cash withdrawals, and more. It also provides a dashboard for income and expenditure management.
- Feb 2022Seed$4.5M
- Mar 2020Seed$1.1M
#4
Series A · Iceland · founded 2021 · 18 employees$5Mraised▾
NFT-based trading platform for digital games. It enables users to buy, sell, collect, swap non-fungible tokens, and more. It allows users to sell any NFT vehicle and its parts. It also allows users to join exclusive races and earn rewards at event-based races.
- Dec 2021ICO$5.8M
- Dec 2021Series A$5M
#5
Seed · Reykjavik, Capital Region · founded 2022$1.1Mraised▾
Cloud-based payment acceptance solution for businesses. Enables businesses to offer contactless ordering, payments, and communication through mobile devices. Provides mPOS solutions for businesses with QR-code, wallet, and mobile phone payment acceptance.
- Mar 2023Seed$1.1M
#6
Seed · Reykjavik, Capital Region · founded 2014 · 12 employees$1.2Mraised▾
Developer of white label solutions for digital wallets. It provides white-label wallet solutions to banks for offering wallet services to their end customers in addition to regular wallet features such as p2p money transfer, their solution also integrates the social media feeds of the bank with their respective wallets.
- Sep 2022Seed$1.2M
- Jun 2018Grant (prize money)$58.2K
- Mar 2018Grant (prize money)$61.3K
#7
Acquired · Reykjavik, Capital Region · founded 2015 · 12 employees$6.5Mraised▾
Networked automatic customer identity verification platform for marketplaces. It verifies the identities of users and sellers for transactions on marketplaces. ID verification is done automatically using its proprietary technology by comparing the ID and a recent photo with face recognition technology.
- Jan 2019Series A$5M
- Nov 2017Seed$1.3M
- 2015Seed$166K
- 2015Seed$23K
#8
Seed · Central and Western, Hong Kong Island · founded 2021$2.1Mraised▾
Developer of real-time strategy game based on blockchain technology. The company's Play-To-Earn (P2E) game is based on MMO space metaverse is based on avalanche blockchain technology.
- Jan 2022Seed$2.1M
- Dec 2021ICO$3M
#9
Funding Raised · Singapore, Central Region · founded 2020 · 11 employees$2.5Mraised▾
NFT-based network for payment and crypto storage. It enables users to create an NFT, wrap it with collateral, and sell. Users can create cases themselves, further expanding the metaverse. It also monitors the market activity from different sources, providing an objective picture of the market in real-time.
- Oct 2021ICO$2.5M
#10
Seed · Reykjavik, Capital Region · founded 2017 · 12 employees$2Mraised▾
Identity verification management solutions for businesses. It helps businesses to automate onboarding processes, KYC, and regulatory compliance changes. It also helps companies redesign and automate processes to reduce operational risk and improve the customer experience. It provides digital signature solutions that offer options for sending the signed document via email, download, or integration with other systems.
- Jan 2022Seed$2M
#11
Seed · Capital Region · founded 2021$100Kraised▾
Financial analytics platform for businesses
#12
Seed · Reykjavik, Capital Region · founded 2015 · 15 employees$2Mraised▾
Stable coin backed by fiat currency. It provides an asset-backed, regulated, and redeemable e-money.
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of FinTech coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Fintech is moving in Iceland
A read on the academic research around Fintech — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 3 Iceland-affiliated papers.
- Bifröst University1
- Reykjavík University1
- Stefansson Arctic Institute1
- Big data1
- Analytics1
- Informatics1
- Volatility (finance)1
- Data analysis1
- Status quo2
- Latvian2
- Level playing field2
- Financial services2
- Modernization theory2
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.