FinTech · Iceland, India

Best FinTech Companies in Iceland

Updated 2026-06-23 · Ranked by funding & momentum

76 indexable FinTech companies headquartered in Iceland, ranked by total equity funding and recent funding momentum. Combined disclosed equity funding of $61.7M across 13 funded companies.

76
Companies
$61.7M
Total Funding
13
Funded
0
Unicorns
0
Rounds (90d)

Ranked: Best FinTech companies in Iceland

#CompanyFundingValuationStage Latest roundEmployeesFoundedMomentum
1 Taproot Wizards
Platform offering a collection of JPEGs inscribed on the Bitcoin blockchain
$7.5M Series A Series A Feb 2025 2023 ↑ Active
2 Lucinity
Provider of a platform for financial crime investigation and prevention
$26M Series B Series B Jul 2022 71 2018
3 indó
Digital bank for individuals
$5.6M Seed Seed Feb 2022 16 2018
4 Nitro
NFT-based trading platform for digital games
$5M Series A ICO Dec 2021 18 2021
5 Glaze
Cloud-based payment acceptance solution for businesses
$1.1M Seed Seed Mar 2023 2022
6 Memento
Developer of white label solutions for digital wallets
$1.2M Seed Seed Sep 2022 12 2014
7 Authenteq
Networked automatic customer identity verification platform for marketplaces
$6.5M Acquired Series A Jan 2019 12 2015
8 Imperium Empires
Developer of real-time strategy game based on blockchain technology
$2.1M Seed Seed Jan 2022 2021
9 ENVELOP
NFT-based network for payment and crypto storage
$2.5M Funding Raised ICO Oct 2021 11 2020
10 Taktikal
Identity verification management solutions for businesses
$2M Seed Seed Jan 2022 12 2017
11 FinDaily
Financial analytics platform for businesses
$100K Seed Oct 2023 2021
12 Monerium
Stable coin backed by fiat currency
$2M Seed Seed Jan 2019 15 2015
13 Bamboo Asset Management
Non-custodial platform for individuals, companies, and investors to engage with digital assets
$49.5K Deadpooled Seed Oct 2022 2022
14 Appitwo
Online investment management platform for cryptocurrencies
Deadpooled 2018
15 Armada
Online search engine for NFTs
Deadpooled 2021
16 Asva Labs
Blockchain-based platform for application development for Defi
Funding Raised 21 2021
17 Atomix World
Online platform offering play-to-earn gaming economy
Deadpooled 2022
18 Aur
Card-linked wallet for consumers
Acquired 4 2014
19 Aurbjorg
Online platform offering household finance comparison and loan calculation for consumers
Funding Raised 2017
20 Aurum
Browser-based wallet for cryptocurrency
Unfunded 2021
21 Baas.is
Banking as a service platform
Seed Seed 2019
22 Bitgert
Blockchain network for multiple crypto services
Funding Raised 2021
23 Borealis Data Center
Hardware mining solutions for cryptocurrency
Funding Raised 13 2014
24 Borgun
Issuer processor
Acquired 130 1980
25 Bulltiverse
Developer of PC and console-based metaverse games
Unfunded 2017
26 Cexiswap
Decentralized multi-chain exchange
Unfunded 2021
27 cfdcrypto
Platform to buy and sell cryptocurrency
Deadpooled 2023
28 Comunidad
API-enabled payment acceptance solutions for businesses
Unfunded 2022
29 Creditinfo
Provider of credit information and risk management solution
Acquired 142 1997
30 CryptoPeasants
NFT-based trading platform for digital games
Deadpooled 2021
31 Easbit.com
Bitcoin wallet
Funding Raised 2014
32 ESG Stream
Provider of a SaaS workflow solution for portfolio managers
Unfunded 2023
33 Fiat Plug
Online platform offering crypto trading solutions
Unfunded 2023
34 Finz
AI-based platform for payment cards
Unfunded 8 2021
35 Further
Online investment platform for VC funds
Funding Raised 6 2020
36 Gift to Wallet
Solution for retailers and shopping centers to sell and manage their gift cards
Unfunded 2022
37 Gildi
Online lending platform offering mortgage loans
Unfunded 2005
38 GreenBlocks
Provider of blockchain-based grid management technology
Funding Raised 11 2019
39 GuzaFin
Online micro-lending platform for businesses
Deadpooled 2021
40 Karolina
Provider of technically innovative solution to crowdfunding platform
Deadpooled 2016
41 Karolina Fund
Reward based crowdfunding platform for creative projects.
Unfunded 2012
42 KCLPAD
Online platform for managing and issuing IDOs for crypto projects
Deadpooled 1 2021
43 Klar
Provider of financial planning solutions with a focus on enhancing customer confidence and peace of mind through expert appointments and consultations
Unfunded 2023
44 Live Market Data
Real-time market data in Nordic companies
Unfunded 2010
45 Mojoflower
Provider of portfolio management solutions for private companies
Funding Raised 3 2021
46 Myntcoin
Platform offering an asset-backed token built on actual value
Unfunded 2021
47 Myntexchange
Online platform offering cryptocurrency securities exchange
Unfunded 2020
48 Netgíró
Point of sale financing solution
Acquired 15 2013
49 Ordinals Wallet
Non-custodial wallet and NFT marketplace platform
Unfunded 2023
50 OSIS
Launchpad for blockchain assets, tokens, and NFTs
Funding Raised 21 2021

Top 12 FinTech companies in Iceland

#1
Taproot Wizards Series A
$7.5M Raised
expand_more
location_onIceland
Founded
2023
Funding raised
$7.5M
Stage
Series A

Platform offering a collection of JPEGs inscribed on the Bitcoin blockchain. Users can explore, buy, sell or invest in the collectibles.

Funding rounds (2 disclosed of 2)
Round Date Amount
Series A Feb 2025 $30M
Seed Nov 2023 $7.5M
Tech stack
cloudflaregoogle analyticshstsnext.jsnode.jsopen graph+4
#2
Lucinity Series B
$26M Raised
expand_more
location_onReykjavik, Capital Region
Founded
2018
Employees
71
Funding raised
$26M
Stage
Series B

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.

Funding rounds (3 disclosed of 4)
Round Date Amount
Series B Jul 2022 $17M
Series A Jul 2020 $6.1M
Grant (prize money) Jan 2020 Undisclosed
Seed Jun 2019 $2M
Tech stack
apple icloud mailcloudflarecloudflare bot managementcore-jsfacebook pixelfullstory+14
#3
indó Seed
$5.6M Raised
expand_more
location_onReykjavik, Capital Region
Founded
2018
Employees
16
Funding raised
$5.6M
Stage
Seed

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.

Funding rounds (2 disclosed of 2)
Round Date Amount
Seed Feb 2022 $4.5M
Seed Mar 2020 $1.1M
Tech stack
alpine.jsamazon cloudfrontamazon web servicescloudflarecloudflare bot managementcore-js+14
#4
Nitro Series A
$5M Raised
expand_more
location_onIceland
Founded
2021
Employees
18
Funding raised
$5M
Stage
Series A

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.

Funding rounds (2 disclosed of 2)
Round Date Amount
ICO Dec 2021 $5.8M
Series A Dec 2021 $5M
Founders & key people
#5
Glaze Seed
$1.1M Raised
expand_more
location_onReykjavik, Capital Region
Founded
2022
Funding raised
$1.1M
Stage
Seed

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.

Funding rounds (1 disclosed of 1)
Round Date Amount
Seed Mar 2023 $1.1M
Tech stack
amazon web servicesangularcrazy egggoogle font apigoogle workspaceheap+8
#6
Memento Seed
$1.2M Raised
expand_more
location_onReykjavik, Capital Region
Founded
2014
Employees
12
Funding raised
$1.2M
Stage
Seed

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.

Funding rounds (3 disclosed of 3)
Round Date Amount
Seed Sep 2022 $1.2M
Grant (prize money) Jun 2018 $58.2K
Grant (prize money) Mar 2018 $61.3K
Tech stack
contentfulnode.jsreactstyled-componentsnext.jsheroku+7
#7
Authenteq Acquired
$6.5M Raised
expand_more
location_onReykjavik, Capital Region
Founded
2015
Employees
12
Funding raised
$6.5M
Stage
Acquired

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.

Funding rounds (4 disclosed of 4)
Round Date Amount
Series A Jan 2019 $5M
Seed Nov 2017 $1.3M
Seed 2015 $166K
Seed 2015 $23K
Tech stack
amazon web serviceshstsamazon cloudfronthttp/3
#8
$2.1M Raised
expand_more
location_onCentral and Western, Hong Kong Island
Founded
2021
Funding raised
$2.1M
Stage
Seed

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.

Funding rounds (2 disclosed of 2)
Round Date Amount
Seed Jan 2022 $2.1M
ICO Dec 2021 $3M
Founders & key people
#9
ENVELOP Funding Raised
$2.5M Raised
expand_more
location_onSingapore, Central Region
Founded
2020
Employees
11
Funding raised
$2.5M
Stage
Funding Raised

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.

Funding rounds (1 disclosed of 1)
Round Date Amount
ICO Oct 2021 $2.5M
Founders & key people
#10
Taktikal Seed
$2M Raised
expand_more
location_onReykjavik, Capital Region
Founded
2017
Employees
12
Funding raised
$2M
Stage
Seed

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.

Funding rounds (1 disclosed of 1)
Round Date Amount
Seed Jan 2022 $2M
Tech stack
cloudflarecloudflare bot managementcloudflare turnstilegoogle tag managergoogle workspacehsts+10
#11
FinDaily Seed
$100K Raised
expand_more
location_onIceland, Capital Region
Founded
2021
Funding raised
$100K
Stage
Seed

Financial analytics platform for businesses

Investors
#12
Monerium Seed
$2M Raised
expand_more
location_onReykjavik, Capital Region
Founded
2015
Employees
15
Funding raised
$2M
Stage
Seed

Stable coin backed by fiat currency. It provides an asset-backed, regulated, and redeemable e-money.

Tech stack
aosbootstrapcdnjscloudflarefastlyfont awesome+14

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Funding & investor landscape

Total raised
$61.7M
across these companies
Companies funded
13
with disclosed funding
Highest-funded
$26M raised

Most active investors

InfoCapital InfoCapital 5 investments in FinTech Brunnur Ventures Brunnur Ventures 2 investments in FinTech Crowberry Capital Crowberry Capital 2 investments in FinTech Infinity Ventures Crypto Infinity Ventures Crypto 2 investments in FinTech MGMT Ventures MGMT Ventures 2 investments in FinTech SL2 Capital SL2 Capital 2 investments in FinTech Startup Reykjavik Startup Reykjavik 2 investments in FinTech 3VC Seed 3VC Seed 1 investment in FinTech A&T Capital A&T Capital 1 investment in FinTech AU21 Capital AU21 Capital 1 investment in FinTech Alva Capital Alva Capital 1 investment in FinTech Antler Antler 1 investment in FinTech

Notable founders in Iceland FinTech

EW Eric Wall Co-Founder Taproot Wizards · $7.5M raised
UW Udi Wertheimer Co-Founder Taproot Wizards · $7.5M raised
Gudmundur Kristjansson Gudmundur Kristjansson Founder & CEO Lucinity · $26M raised
TD Tryggvi Davidsson Co-Founder & COO indó · $5.6M raised
HS Haukur Skúlason CEO indó · $5.6M raised
Zaynab Tucker Zaynab Tucker CEO Nitro · $5M raised
AH Arnpor Ingi Hinriksson Co-Founder & CEO Glaze · $1.1M raised
JS Jonas Sigurdsson Co-Founder Glaze · $1.1M raised
Arnar Jonsso Arnar Jonsso CEO & Co-Founder Memento · $1.2M raised
Gunnar Helgi Gunnsteinsson Gunnar Helgi Gunnsteinsson Co-Founder & COO Memento · $1.2M raised
LT Leo Tan Co-Founder Imperium Empires · $2.1M raised
Alexander Kuzin Alexander Kuzin Co-Founder ENVELOP · $2.5M raised

Frequently asked questions

How many FinTech companies are there in Iceland?
Radar tracks 76 indexable FinTech companies headquartered in Iceland that meet our profile-completeness bar.
What is the total funding raised by FinTech companies in Iceland?
The FinTech companies in Iceland on this list have raised a combined $61.7M in disclosed equity funding across 13 funded companies.
Which is the highest-funded FinTech company in Iceland?
Lucinity is the highest-funded FinTech company in Iceland, with $26M in disclosed equity funding.
How many FinTech companies in Iceland are funded?
13 of the 76 FinTech companies in Iceland on this list have disclosed at least one equity funding round.
How many FinTech unicorns are there in Iceland?
None of the FinTech companies in Iceland on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Iceland FinTech companies?
The most active investors in Iceland FinTech companies on this list include InfoCapital, Brunnur Ventures, Crowberry Capital, Infinity Ventures Crypto, MGMT Ventures.

Rankings are computed by Radar (Fliar BI) from the Radar company master and are updated periodically. Funding and momentum scores use disclosed equity-funding data only. Figures may lag private rounds. Last updated 2026-06-23.

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