Industry landscapes
Industry report

Funding and advertised pay are reported in USD; filed accounts retain their stated source currency and basis.

Exchange-rate basis

Indicative conversions use ECB reference rates dated 2026-09-14, applied consistently across all periods. They are not historical exchange rates. Indian rupees may use crore (1 crore = 10 million); other currencies use K, M and B. CSV downloads, source documents and quoted news headlines retain their original currencies.

THE DENMARK EDITION 2026

Denmark’s
fintech industry,
in focus.

The companies, capital and talent shaping fintech in Denmark. Find the leaders. Understand the segments. See where the activity is.

Snapshot: Funding in USD
Illustrated cover for Fintech Industry Landscape of Denmark
DK
COMPANIES · CAPITAL · TALENT

An industry ecosystem,
measured in context.

Fintech illustration
MEET THE COMPANIES

Explore Denmark’s fintech leaders

24 featured companies from the funding, hiring, revenue and team-size leaderboards.

Expand panel +
Fintech company highlights in Denmark, snapshot 4 September 2026
Company
Lunarlunar.app$725.75M709
Pleopleo.io$476.73M1,422Financial figure available in RadarView in Radar
Moneyflowmoneyflow.io$250.69M27
Flatpayflatpay.com$232.64M11
ViaBillviabill.com$131.88M1 roles11Financial figure available in RadarView in Radar
kompasbankkompasbank.dk$65.36M63
ANYDAYanyday.io$48.27M9
Samlino.dksamlino.dk$45.93M4
CM Tradingcmtrading.com3 roles125
Online Fundraisingonlinefundraising.dk2 roles9
OptionXoptionx.ai2 roles5Financial figure available in RadarView in Radar
cartacarta.dk2 roles44
FarPayfarpay.io1 roles1
amc consultamcbanking.com1 roles
process factoryprocess-factory.dk1 roles
Clearhausclearhaus.com58Financial figure available in RadarView in Radar
Festina Financefestinafinance.com120Financial figure available in RadarView in Radar
Gjensidigegjensidige.dk40
KreditNUkreditnu.dk20
MitIDmitid.dk
Muinmosmuinmos.com3Financial figure available in RadarView in Radar
Netsnets.eu3
Performativperformativ.com19
Saxo Bankhome.saxo734
24 featured companies

Locked revenue figures are available in Radar; the eight company financial previews stay the same throughout this page. A dash means the figure is outside these featured lists. Revenue years vary by company; the figures are not a like-for-like revenue comparison. Compare annual accounts ↗

Company discovery

Recorded evidence only

Explore the live startup set in Radar

No company example met every recorded classification, independence and public-profile gate in this snapshot. The live directory may have newer qualifying companies.

Explore classified startups in Radar ↗
THE KEY SIGNALS

Fintech industry KPIs in Denmark

A few useful ratios bring the size of this ecosystem into perspective.

4 September 2026
Hiring participation6.8%

19 of 281 tracked companies have open roles.

Funding participation23.1%

65 of 281 tracked companies have a recorded round.

Top 3 funding share64.4%

Share of disclosed capital received by the three largest recorded recipients.

Median disclosed round$1.47M

Midpoint of 143 rounds with a disclosed amount.

Scale is concentrated. Opportunity is broader. The three largest funding recipients hold 64.4% of disclosed capital, while 76.9% of tracked companies have no recorded funding round.

Explore the segments →
CAPITAL & COMPANY FORMATION

How Denmark fintech has grown

Recorded company formation and disclosed funding across the complete annual series shown.

Expand panel +
2016 — 2025

Disclosed funding by year

Sum of recorded funding rounds · USD

Denmark fintech
$0$224.27M$448.55M$672.82M$897.1M2016: $41.81M20162017: $36.68M20172018: $38.06M20182019: $149.06M20192020: $76.2M20202021: $786.93M20212022: $568.93M20222023: $38.64M20232024: $187.3M20242025: $195M2025
View the numbers
Annual fintech funding and company formation in Denmark
YearFunding (USD)FoundedRaising
2016$41.81M2313
2017$36.68M1110
2018$38.06M2611
2019$149.06M1116
2020$76.2M2421
2021$786.93M2414
2022$568.93M1216
2023$38.64M107
2024$187.3M79
2025$195M07
WHERE CAPITAL SITS

Funding concentration

Share of all disclosed company funding.

  • Lunar32.1%
  • Pleo21.1%
  • Moneyflow11.1%
  • Other companies35.6%

Funding by stage

157 recorded rounds since 2016

NUMBER OF ROUNDS
Seed & Angel95 60.5%
Series A–B41 26.1%
Series C+ / PE9 5.7%
Grants, debt & other12 7.6%

Recent recorded rounds

Latest recorded rounds · USD
2 rounds

Swipe or scroll horizontally to browse.

Series A04/2026
Performativ $14M

Backed by Deutsche Borse Group and Rabo Investments and others.

Largest and notable recorded rounds

Each card is one recorded round
10 cards

Swipe or scroll horizontally to browse.

Series D05/2021
Lunarlunar.app$376.62M

Backed by Heartland Payment Systems and Kinnevik and others.

Series C11/2021
Pleopleo.io$200M

Backed by Coatue and Alkeon Capital Management and others.

Series C06/2021
Pleopleo.io$150M

Backed by Bain Capital Ventures and Thrive Capital and others.

Series D03/2022
Lunarlunar.app$77M

Backed by Heartland Ventures and Kinnevik and others.

Series D09/2022
Lunarlunar.app$69.54M

Backed by Tencent and IDC Ventures and others.

Series B05/2019
Pleopleo.io$56M

Backed by Kinnevik and Founders and others.

Series B08/2019
Lunarlunar.app$51.76M

Backed by Seed Capital and Socii Capital and others.

THE BUSINESS BEHIND THE ACTIVITY

Revenue, profitability & financial strength

Annual accounts for reporting companies linked to this landscape, on like-for-like currency and reporting bases.

Expand panel +
DKK · millions · standalone

Display conversions use the dated reference rates above. Where a verified rate is unavailable, figures retain their source currency. Each reporting cohort keeps its currency and accounting basis separate.

FY2019 · company accounts; aggregate reporting threshold not met · 1 reporting entities from 95 eligible matches.

Revenue in covered accounts

Sum of reporting-entity revenue; not Denmark market sales.

Net profit / loss

Combined result for the same cohort.

Aggregate net margin

Combined net income ÷ combined revenue.

Median company revenue

The middle covered reporting entity.

Profitable entities

None of 1 covered entities.

Top-five concentration

Share of covered revenue from the five largest entities.

Annual account trend

Reported cohort totals by year; coverage is stated for every period.

Bar height shows revenue. Changes in coverage can affect totals.

Profitability has two perspectives

FY2019 · 1 reporting entities

Open the company accounts

Up to eight fixed company previews show financial amounts. Search and sort the wider company list, then continue in Radar.

1 reporting entities
Continue your financial research in Radar

Explore full company accounts and filings.

View financials in Radar ↗
DENMARK · INDUSTRY COHORTS

How does fintech compare?

Each pair uses the same year, currency and reporting basis. Cohort overlap is disclosed.

IndustryCovered / eligibleRevenue totalMedian revenueNet profit / lossAggregate marginProfitable shareOverlap

Available-account cohorts are not estimates of whole industries. Overlapping entities can occur in more than one cohort; do not add cohort totals.

Coverage, calculations & financial sources

Filed annual accounts for exact designated national identifiers. Every aggregate and peer pair uses one fiscal year, source currency and reporting basis; periods, coverage and overlap are explicit; 2026 partials are excluded.

The same up to eight reporting entities remain open across years, filters and sorts. Other company figures are available in Radar.

Source currencies and accounting bases stay separate. Missing accounts are excluded rather than treated as zero. Exact reporting periods appear on company previews. Annual totals can change with coverage and do not measure growth of a fixed company cohort.

DIGITAL FOOTPRINT

Web traffic, app reach and release cadence

How the Denmark companies on this page show up online: the sites people visit, the apps they install, and how often those apps ship.

Busiest websites

10 of the 281 companies on this page carry a measured traffic record (3.6%); these are the largest of those, by monthly visits. The median among them is 130,826 visits.

CompanyMonthly visitsAuthorityMobile
Netsnets.eu3,894,1474770.7%
Saxo Bankhome.saxo949,5585851.1%
Aiiaaiia.eu280,9442259%
ViaBillviabill.com174,5123975.3%
Mybanker.dkmybanker.dk140,8254161.9%
Flatpayflatpay.com120,8273735.9%
Asease.dk100,2033752.4%
LendMelendme.dk64,3363281.1%
Samlino.dksamlino.dk49,2153929.4%
Tellerteller.no9150%

Visits and authority are third-party web estimates, not company-reported figures.

Most-installed apps

25 of these companies (8.9%) publish at least one Android app — 45 apps in all, carrying 4.1M installs between them.

AppInstallsRatingStore category
LunarLunar1.1M4.5Finance
Pie VAT - Tax Free ShoppingPie Systems541.5K4.8Travel & Local
SaxoTrader | Trade & InvestSaxo Bank439.7K4.4Finance
SkatteguidenSkatteguiden375.9KFinance
نیوکاش - NewCashNewcash‎374.8K4.3Travel & Local
SaxoInvestorSaxo Bank325.2K4.3Finance
PleoPleo276.9K4.7Finance
ParkOne: Billig, Nem ParkeringParkOne189.5KTools
ViaBill - Pay laterViaBill122.2K3.2Finance
Young MoneyYoung Money100.1K4Finance

Installs are lifetime totals to date at the June 2026 store reading — a measure of reach, not of people using an app today.

App reach by segment

The busiest app inside each of this page’s own segments, with the quarterly release trend behind it (2023Q2–2026Q1).

SegmentAppsInstallsLeading appRelease trend
Investment Tech191.3MPie VAT - Tax Free Shopping 541.5K
Finance & Accounting Tech41.2MSkatteguiden 375.9K
Banking Tech41.2MLunar 1.1M
Payments171.1Mنیوکاش - NewCash 374.8K
Hrtech2278.7KPleo 276.9K
Alternative Lending3151.1KViaBill - Pay later 122.2K

A company can carry several segment tags, so these rows overlap and should not be added together. Trend lines are zero-based and share one quarter grid, so a flat line is a quiet segment, not a missing one.

Release cadence by quarter

New apps published, beside apps whose most recent update landed in that quarter — the second bar is how much of the shelf is still being maintained.

2023Q2: 22023Q2: 02023Q22023Q3: 12023Q3: 02023Q32024Q2: 12024Q2: 02024Q22025Q1: 22025Q1: 12025Q12025Q2: 42025Q2: 12025Q22025Q3: 52025Q3: 102025Q32025Q4: 12025Q4: 42025Q42026Q1: 22026Q1: 32026Q1

Darker bars are new releases, lighter bars apps updated. 29 of 45 apps carry a release date. The series ends at 2026Q1, the last quarter that closed before the June 2026 reading.

INSIDE THE INDUSTRY

The Denmark fintech market map

Explore the segments behind the headline numbers.

Expand panel +

Where companies are building

Rank segments by scale, hiring or disclosed funding.

Enterprise tech156
Consumer digital116
Enterprise software84
Business payments solutions48
Saas44
Nbfc lenders43
Commerce enablers39
Fintech saas23
Online loan comparison platforms23
Cfo stack18
Online trading platforms16
Online business payments14

Companies can sit in several segments. Counts and funding overlap.

SEGMENT TO EXPLORE

Enterprise tech

The largest measured segment in this report snapshot.

156companies
9.0%have hiring activity

14 companies hiring · $1.45B disclosed funding

Explore in Radar

How companies make money

Common revenue models; a company can use more than one.

Subscription186
Commission on transaction159
E-commerce - service72
Fee-for-service55
Lending23
Advertising12
E-commerce - product9
Freemium3
THE COMPANIES IN MOTION

Who is listing, hiring leaders, launching and winning work

Recorded corporate activity linked to companies in this landscape.

Expand panel +
Recent corporate headlines 10 dated reports
Funding roundsperformativ.com ↗

Performativ has raised $14 million in a Series A funding round led by Deutsche Börse Group, with participation from Rabo Investments, as well as existing investors including FinTech Collective and Denmark’s EIFO.

Mergers & acquisitionsfarpay.io ↗

Dutch FinTech company POM announced it has acquired its Danish sector peer FarPay in order to set a new European standard for the automation of invoicing processes, payments, and accounts receivable management.

Funding roundslunar.app ↗

Lunar raises €46m to fuel Nordic banking expansion Nordic challenger bank Lunar, a digital full‑service bank serving consumers and businesses, has announced a €46m capital increase.

Funding roundsflatpay.com ↗

Last month, Flatpay attained unicorn status with €145 million in new funding. The investment came from investors including Dawn Capital, AVP, and Smash Capital.

Mergers & acquisitionsbankingcircle.com ↗

The strategic acquisition unites ASL’s established ADI licence and deep domestic banking, payments and settlement experience with Banking Circle’s world‑class cross‑border payments and infrastructure capabilities.

Funding roundsundo.app ↗

Terraset announced it has invested a seven-figure amount into a selection of permanent carbon removal projects that utilize different approaches to tackle the climate crisis.

Mergers & acquisitionsclearhaus.com ↗

Since 2021, Clearhaus has been part of the Unzer Group, a leading European payment solutions provider.

Mergers & acquisitionshome.saxo ↗

For its 19.8 percent share in Saxo Bank, it has reached around 319 million euros.

Mergers & acquisitionsaltapay.com ↗

Market Pay has reinforced its position in the Scandinavian market by acquiring Danish payment service provider Altapay.

Full recorded event mix

Top 10 categories among 83 recorded events in the 24-month window.

Mergers & acquisitions
19
Leadership moves
13
Funding rounds
13
New products
9
Company announcements
8
Capital infusions
6
Asset acquisitions
6
Contracts
3
Earnings
2
Job creation
2
4 activity cards

Swipe or scroll horizontally to browse.

Product launches

Products, platforms and features in the recorded window

Clearhaus ↗
Payment Facilitator (PayFac) solution

Payment processing

Clearhaus ↗
Unified card acceptance for physical shops

Card payment acceptance

Pleo ↗
Pleo Embedded

Embedded finance solution

Contract wins

2 recorded customer wins

Undo ↗

Customer: barclaysCarbon removal

Undo ↗

Customer: microsoftCarbon removal

Mergers and acquisitions

Company-linked deal reports; status is preserved as recorded.

Acquirer → targetStatusDateValue / context
nexiNets ↗Completed2026-04-30Not stated in snapshot
POM GroupFarPay ↗Announced2026-04-21Not stated in snapshot
J. Safra Sarasin GroupSaxo Bank ↗Completed2026-03-05Not stated in snapshot
Saxo Payments Banking CircleAustralian Settlements Limited (ASL)Completed2025-08-04Not stated in snapshot
Saxo Payments Banking CircleaslAnnounced2025-08-03Not stated in snapshot
Unzer GroupClearhaus ↗Completed2025-05-21Not stated in snapshot

A discussion or rumour is not a completed transaction. An unstated value is not zero.

PEOPLE & OPPORTUNITY

The talent market

0 postings in the preceding 12 months. The full 3-posting snapshot covers 3 employers.

Expand panel +

Most advertised job titles

Saas B2B Appointment Setter (Commission Based) (Reg Tech & Fintech Only)1
Business Developer Fintech1
1 internship postings

0 tracked postings mention remote work.

Skills employers mention

Top skills across 3 tracked postings in the available jobs snapshot.

Sas
1
Banking
1
Insurance
1
THE PEOPLE BUILDING THE FIELD

Founders and leaders

177 founders and chief executives across 102 companies.

Expand panel +
12 profiles

Swipe or scroll horizontally to browse.

Education networks

15 profiles with education records.

Copenhagen Business School
11
INSEAD
1
National University of Singapore (NUS)
1
King’s College London
1
Harvard University
1

Prior employers

5 profiles with prior-work records.

McKinsey
2
eBay
1
Morgan Stanley
1
Goldman Sachs
1

Profiles cover recorded founders and leaders; contact details remain in Radar.

NEWS INTELLIGENCE

How this industry appears in the news

175,893 articles in the measured 12-month window.

Expand panel +
175,893articles in the measured year
27,986articles in 2026Q1
18.6%positive tone in the latest complete year

News volume trends

Fintech coverage across Denmark · articles per complete quarter

030,69661,39392,089122,7852021Q2: 21,9812021Q22021Q3: 22,3352021Q4: 21,3622022Q1: 23,9862022Q2: 23,2592022Q22022Q3: 24,0472022Q4: 31,3542023Q1: 29,7532023Q2: 27,0902023Q22023Q3: 28,9112023Q4: 25,6932024Q1: 33,0282024Q2: 41,8792024Q22024Q3: 38,5562024Q4: 39,9682025Q1: 61,2222025Q2: 33,0532025Q22025Q3: 106,7702025Q4: 16,3092026Q1: 27,9862026Q1
View quarterly article counts
QuarterArticles
2021Q221,981
2021Q322,335
2021Q421,362
2022Q123,986
2022Q223,259
2022Q324,047
2022Q431,354
2023Q129,753
2023Q227,090
2023Q328,911
2023Q425,693
2024Q133,028
2024Q241,879
2024Q338,556
2024Q439,968
2025Q161,222
2025Q233,053
2025Q3106,770
2025Q416,309
2026Q127,986

Article volume measures coverage, not market sales.

Tone of coverage over time

2021
23,673 positive · 29,991 neutral · 16,660 negative
2022
33,506 positive · 46,971 neutral · 22,060 negative
2023
34,347 positive · 59,343 neutral · 17,634 negative
2024
38,813 positive · 94,469 neutral · 20,044 negative
2025
40,413 positive · 148,954 neutral · 27,857 negative

Leading coverage topics

Fintech coverage across Denmark · ranked by full-period article count.

Geopolitical Disputes And Contested Areas300,131 articles in the full recorded period
108,073 recent · 81,373 prior
International And Transnational Geographic Entities300,127 articles in the full recorded period
108,072 recent · 81,374 prior
Administrative And Political Subdivisions300,098 articles in the full recorded period
108,065 recent · 81,365 prior
International Political Relations12,370 articles in the full recorded period
4,612 recent · 4,243 prior
International Sports Competitions11,061 articles in the full recorded period
1,959 recent · 2,146 prior
Security And Defense Policies8,185 articles in the full recorded period
3,123 recent · 2,510 prior
Nationalism And Sovereignty Debates5,381 articles in the full recorded period
2,070 recent · 2,455 prior
Olympic Games Coverage4,480 articles in the full recorded period
901 recent · 987 prior
International Relations And Diplomacy4,474 articles in the full recorded period
1,680 recent · 1,226 prior
Soccer Tournament Competitions4,404 articles in the full recorded period
663 recent · 1,024 prior

Recent and prior counts use the source comparison windows.

Topics gaining and losing attention

Fintech coverage across Denmark

KeywordRecentPriorChange
countries4,1891,858125%
geopolitical alliances79348464%
diplomatic strategies59537160%
tariff negotiations587248137%
multilateral diplomacy561178215%
foreign policy analysis413203103%
drone warfare310132285%
diplomatic engagements28219644%
study overseas27896190%
national security strategy276106160%
europa league117713-84%
quarterfinals153434-65%
final match79413-81%
final match recaps208312-33%
olympic trials81234-65%

Event and signal lenses

Fintech coverage across Denmark

All complete annual cohorts shown
Rising

Regulatory Risk

457,792 classified articles

territories, disputed islands, countries

6.7% critical · 5.2% positive
Rising

Funding Momentum

15,166 classified articles

quarterfinals, world cup, europa league

39.5% critical · 43.9% positive
Rising

Growth

18,555 classified articles

offshore wind farms, quarterly results, quarterly financials

32.6% critical · 47.6% positive

Fintech coverage across Denmark. Topic labels describe recorded classifications and can include broad context.

RESEARCH SIGNALS

What Fintech research is working on

13,825 papers in the recorded worldwide scope.

Expand panel +
13,825papers
13,825worldwide comparison pool
India-affiliated papers

Research orientation

Promising
4,450
Descriptive
3,501
Problem-identifying
3,141
Cautionary
1,411
Breakthrough
754
Comparative
414
Critical
154

Contribution mix

Empirical
8,354
Reviews
2,307
Position pieces
1,635
Methods-led
1,361
Theoretical
168

Tone counts: 12,714 positive · 252 neutral · 859 negative.

Common problems researchers identify
3,295 papers · 23.8% of this field
  • Financial services1,723 papers
  • FinTech1,301 papers
  • Financial inclusion570 papers
  • Payment489 papers
  • Government245 papers
  • Financial literacy205 papers
  • Cryptocurrency201 papers
  • Investment172 papers

Landmark: The digital revolution in financial inclusion: international development in the fintech era

Cautions
1,411 papers · 10.2% of this field
  • Financial services670 papers
  • FinTech538 papers
  • Financial inclusion348 papers
  • Payment283 papers
  • Financial literacy129 papers
  • Mobile payment102 papers
  • Digital currency95 papers
  • Investment91 papers

Landmark: Blockchain Technology in Finance

Opportunities
5,204 papers · 37.6% of this field
  • Financial services2,148 papers
  • FinTech1,839 papers
  • Financial inclusion1,123 papers
  • Financial literacy786 papers
  • Payment749 papers
  • Database transaction382 papers
  • Investment314 papers
  • Mobile payment301 papers

Landmark: On the Fintech Revolution: Interpreting the Forces of Innovation, Disruption, and Transformation in Financial Services

Leading institutions

UNSW Sydney
743
University of Manchester
727
University of York
716
University of the West of England
716
Universidad de Zaragoza
685
Columbia University
667

Leading researchers

Robert J. Kauffman
1,822
Peter Gomber
1,821
Chris Parker
1,821
Bruce W. Weber
1,821
Daniela Gabor
716
Sally Brooks
716
Itay Goldstein
621
Wei Jiang
621

Highly cited breakthrough-labelled papers

  • On the Fintech Revolution: Interpreting the Forces of Innovation, Disruption, and Transformation in Financial Services1,820 citations
  • Intention to use analytical artificial intelligence (AI) in services – the effect of technology readiness and awareness370 citations
  • The FinTech phenomenon: antecedents of financial innovation perceived by the popular press240 citations
  • FinTech ecosystem practices shaping financial inclusion: the case of mobile money in Ghana116 citations
  • CBDC, Fintech and cryptocurrency for financial inclusion and financial stability100 citations

Common problems researchers identify

10,570 papers · 7 recurring themes
7 cards

Swipe or scroll horizontally to browse.

Financial Inclusion ChallengesCommon problems researchers identify · 01

Financial Inclusion Challenges

1,447 papers

24.1% of this theme group

Researchers discuss how fintech impacts access to banking services and the obstacles to broader inclusion.

FinTech (679) · Financial services (885) · Financial inclusion (269) · Financial innovation (90)

Enriching Financial Inclusion through Fintech

DIGITAL TRANSFORMATION IN THE BANKING SYSTEM: PROSPECTS FOR COOPERATION BETWEEN FINTECH COMPANIES AND BANKS

View research history
YearShare index
2022535.2
2023588.5
2024650.5
20251023.2
Electronic Payment System IssuesCommon problems researchers identify · 02

Electronic Payment System Issues

1,364 papers

22.7% of this theme group

Papers examine cost, reliability, and regulatory hurdles of digital payment infrastructures.

Payment (1,251) · Payment system (509) · Payment service provider (217) · Settlement (86)

Better than Cash, but Beware the Costs: Electronic Payments Systems and Financial Inclusion in Developing Economies

ISSUES AND CHALLENGES OF ELECTRONIC PAYMENT SYSTEMS

View research history
YearShare index
2022590.9
2023562.2
2024710.5
2025799.0
Mobile Payment Adoption BarriersCommon problems researchers identify · 03

Mobile Payment Adoption Barriers

1,149 papers

19.1% of this theme group

Studies focus on user acceptance, security concerns, and technology constraints for mobile banking.

Mobile payment (869) · Mobile banking (220) · Mobile business development (111) · Mobile phone (135)

User Acceptance Testing of Mobile Payment in Various Scenarios

Exploring Determinants Influencing the Intention to Use Mobile Payment Service

View research history
YearShare index
202277.6
202383.0
202482.8
2025139.8
Credit Card Fraud DetectionCommon problems researchers identify · 04

Credit Card Fraud Detection

692 papers

11.5% of this theme group

Works address techniques and limitations for identifying fraudulent card transactions.

Credit card fraud (107) · Credit card (118) · Financial fraud (43) · Computer security (107)

Machine Learning for Credit Card Fraud Detection

Credit Card Fraud Detection and Analysis

View research history
YearShare index
202247.3
202347.0
202447.7
202563.6
Algorithmic and High‑Frequency Trading RisksCommon problems researchers identify · 05

Algorithmic and High‑Frequency Trading Risks

585 papers

9.8% of this theme group

Research highlights market impact, regulatory gaps, and potential abuses in fast trading systems.

Algorithmic trading (222) · High-frequency trading (148) · Alternative trading system (140) · Insider trading (79)

High-Frequency Trading and Its Impact on Markets

High-Frequency Trading: A Regulatory Strategy

View research history
YearShare index
202219.5
202320.0
202418.3
202531.1
Portfolio Optimization DifficultiesCommon problems researchers identify · 06

Portfolio Optimization Difficulties

404 papers

6.7% of this theme group

Authors explore computational and modeling challenges in constructing optimal investment portfolios.

Portfolio (386) · Portfolio optimization (163) · Modern portfolio theory (70) · Post-modern portfolio theory (46)

Machine Learning Optimization Algorithms & Portfolio Allocation

Portfolio Optimization: New Challenges and Perspectives

View research history
YearShare index
2022315.6
2023306.6
2024225.8
2025345.9
Money‑Laundering and ComplianceCommon problems researchers identify · 07

Money‑Laundering and Compliance

359 papers

6.0% of this theme group

Papers investigate detection methods, legal frameworks, and the tension with financial inclusion.

Money laundering (320) · Terrorism (65) · Accounting (54) · Compliance (44)

National and international anti-money laundering law : developing the architecture of criminal justice, regulation and data protection

Balancing anti-money laundering measures and financial inclusion

View research history
YearShare index
20221897.3
20231880.1
20241584.8
20251002.7

Cautions

3,742 papers · 7 recurring themes
7 cards

Swipe or scroll horizontally to browse.

Fintech Regulation for InclusionCautions · 01

Fintech Regulation for Inclusion

756 papers

20.2% of this theme group

Scholars urge careful policy design to balance innovation with systemic stability.

FinTech (412) · Financial services (449) · Financial inclusion (227) · Financial innovation (65)

The Role of Fintech Technology in Improving Financial Inclusion and Financial System Stability

Advancing Financial Inclusion through FinTech: A Regulatory Insight into Emerging Industry Practices

View research history
YearShare index
2022535.2
2023588.5
2024650.5
20251023.2
High‑Frequency Trading OversightCautions · 02

High‑Frequency Trading Oversight

579 papers

15.5% of this theme group

Analyses call for stronger controls to protect market quality and prevent manipulation.

Algorithmic trading (254) · High-frequency trading (153) · Alternative trading system (102) · Trading strategy (117)

High Frequency Trading and Its Impact on Market Quality

Implementing High Frequency Trading Regulation: A Critical Analysis of Current Reforms

View research history
YearShare index
202219.5
202320.0
202418.3
202531.1
Payment System Policy ShiftsCautions · 03

Payment System Policy Shifts

565 papers

15.1% of this theme group

Research warns about unintended effects of new reimbursement models on consumers and providers.

Payment (536) · Payment system (180) · Reimbursement (36) · Prospective payment system (34)

Hospital response to a new case-based payment system in China: the patient selection effect

Payments transition in India – consumer preferences and policy shifts

View research history
YearShare index
2022598.5
2023567.6
2024714.6
2025803.0
Model Risk in Portfolio ManagementCautions · 04

Model Risk in Portfolio Management

522 papers

13.9% of this theme group

Studies highlight statistical uncertainties and over‑reliance on complex optimization models.

Portfolio (494) · Portfolio optimization (203) · Diversification (105) · Econometrics (109)

Model Risk in Portfolio Optimization

Optimization of portfolio management based on vector autoregression models and multivariate volatility models

View research history
YearShare index
2022318.1
2023308.9
2024228.0
2025346.6
Mobile Money User ExperienceCautions · 05

Mobile Money User Experience

496 papers

13.3% of this theme group

Works stress the need for intuitive design and trust to drive adoption in emerging markets.

Mobile payment (380) · Mobile banking (81) · Payment (228) · Mobile phone (39)

Mobile Money for Financial Inclusion

Understanding user experience of mobile money services in emerging markets

View research history
YearShare index
2022633.6
2023610.5
2024762.5
2025878.6
Financial Fraud Detection LimitsCautions · 06

Financial Fraud Detection Limits

495 papers

13.2% of this theme group

Reviews point out data quality, bias, and interpretability challenges in machine‑learning fraud tools.

Accounting (63) · Money laundering (78) · Audit (50) · Credit card fraud (26)

A Review on Financial Fraud Detection using AI and Machine Learning

Use of Machine Learning in Financial Fraud Detection: A Review

View research history
YearShare index
20222207.7
20232190.6
20242016.5
20251778.7
Digital Currency Security ConcernsCautions · 07

Digital Currency Security Concerns

329 papers

8.8% of this theme group

Papers assess cybersecurity risks and regulatory gaps surrounding cryptocurrencies and blockchain payments.

Digital currency (124) · Blockchain (71) · Cryptocurrency (95) · Currency (78)

Cybersecurity and Blockchain for Secure Financial Transactions: Evaluating, Implementing, and Mitigating Risks of Digital Payments

Public Payment Systems in the Digital Era: Responding to the Financial Stability and Security-related Risks of Cryptocurrencies

View research history
YearShare index
2022801.9
2023842.3
2024890.0
20251127.0

Opportunities

28,937 papers · 7 recurring themes
7 cards

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Advanced Portfolio OptimizationOpportunities · 01

Advanced Portfolio Optimization

1,697 papers

28.3% of this theme group

Research proposes new mathematical models and multi‑objective strategies for better asset allocation.

Portfolio (1,578) · Portfolio optimization (936) · Mathematical optimization (268) · Modern portfolio theory (157)

Application of portfolio optimization

The research on portfolio optimization model and strategy for multiple objectives

View research history
YearShare index
2022371.2
2023354.5
2024252.1
2025358.7
Machine‑Learning Fraud PreventionOpportunities · 02

Machine‑Learning Fraud Prevention

1,066 papers

17.8% of this theme group

Studies demonstrate improved detection of credit‑card fraud using modern learning algorithms.

Credit card fraud (265) · Credit card (252) · Financial fraud (77) · Computer security (173)

Credit Card Fraud Detection using Machine Learning Algorithms

Analyzing Credit Card Fraud Detection based on Machine Learning Models

View research history
YearShare index
202247.3
202347.0
202447.7
202563.6
Fintech for Financial LiteracyOpportunities · 03

Fintech for Financial Literacy

778 papers

13.0% of this theme group

Works explore how technology can educate users and expand equitable access to financial services.

FinTech (338) · Financial services (366) · Financial inclusion (210) · Financial literacy (128)

ROLE OF FINTECH IN FINANCIAL INCLUSION

The Role of Financial Technology (FinTech) in Advancing Financial Inclusion and Equity.

View research history
YearShare index
2022535.2
2023588.5
2024650.5
20251023.2
Blockchain‑Enabled Payment PlatformsOpportunities · 04

Blockchain‑Enabled Payment Platforms

756 papers

12.6% of this theme group

Papers present secure, decentralized architectures for next‑generation digital payment systems.

Payment (623) · Payment system (247) · Database transaction (146) · Payment service provider (64)

Blockchain Based Architecture and Solution for Secure Digital Payment System

Measuring payment system development

View research history
YearShare index
2022733.2
2023686.3
2024781.6
2025930.9
Value‑Added Mobile Payment ServicesOpportunities · 05

Value‑Added Mobile Payment Services

723 papers

12.1% of this theme group

Research highlights new features and security models that boost consumer willingness to adopt mobile payments.

Mobile payment (555) · Payment (363) · Mobile banking (87) · Mobile device (52)

Value Added Services and Adoption of Mobile Payments

Exploring Transaction Security on Consumers’ Willingness to Use Mobile Payment by Using the Technology Acceptance Model

View research history
YearShare index
2022633.6
2023610.5
2024762.5
2025878.6
AI‑Driven Algorithmic TradingOpportunities · 06

AI‑Driven Algorithmic Trading

661 papers

11.0% of this theme group

Studies showcase advanced forecasting and strategy generation using artificial intelligence in trading.

Algorithmic trading (282) · Trading strategy (267) · High-frequency trading (109) · Pairs trade (68)

Algorithmic Trading and Financial Forecasting Using Advanced Artificial Intelligence Methodologies

Foreign exchange trading

View research history
YearShare index
202232.4
202331.8
202425.0
202538.8
Machine‑Learning Credit ScoringOpportunities · 07

Machine‑Learning Credit Scoring

319 papers

5.3% of this theme group

Works develop predictive models to improve loan risk assessment and default probability estimation.

Credit risk (96) · Loan (65) · Credit score (19) · Probability of default (13)

Application Analysis of Credit Scoring of Financial Institutions Based on Machine Learning Model

Development Of Credit Scoring Model For Borrowers Using Machine Learning Techniques

View research history
YearShare index
2022254.2
2023254.9
2024182.2
2025261.3

How this field compares with the research baseline

Orientation shares compared with 25,000 papers in the reference sample.

Research orientationThis fieldReference sample
Promising32.2%36.9%
Descriptive25.3%17.4%
Problem-identifying22.7%10.0%
Cautionary10.2%4.6%
Breakthrough5.5%26.1%
Comparative3.0%3.9%
Critical1.1%1.1%

Concerns receiving less research attention

Counts and shares refer to the stated research pool. A low count describes how much of that research is recorded here, not the absence of a real-world concern.

Concern / example paperPapersShareRaised as a problemWorldwide share
Privacy & surveillanceIncentives for Mobile Crowd Sensing: A Survey2,7174.6%857 (31.5%)4.6%
Concentration of compute powerRent Seeking by Low-Latency Traders: Evidence from Trading on Macroeconomic Announcements1020.17%50 (49.0%)0.17%
Bias & fairnessSocietal bias reinforcement through machine learning: a credit scoring perspective830.14%31 (37.3%)0.14%
Labour & data workMobile Money Taxation and Informal Workers: Evidence from Ghana’s E-Levy600.1%26 (43.3%)0.1%
Safety & misuseThe EU Response to Criminal Misuse of Cryptocurrencies: The Young, already Outdated 5th Anti-Money Laundering Directive500.08%21 (42.0%)0.08%
Energy & datacenter footprintAn integrated model of financial technology adoption and environmental performance: The role of green innovation290.05%5 (17.2%)0.05%
Hardware, e-waste & supply chainMobile Phone Repair as a Strategy for Reducing E-Waste, Enhancing Data Privacy, and Promoting Digital Sustainability in 30.01%0 (0.0%)0.01%
Carbon & emissions of computeRethinking portfolio design with sustainable AI and FinTech: dynamic spillovers in a quantile–frequency framework10.0%0 (0.0%)0.0%
Water use00.0%0 (%)0.0%

Institution and researcher rankings use citations to their covered work. Research scope: worldwide. This may be broader than the company geography.

GEOGRAPHIC FOOTPRINT

Where companies are based

Company counts, hiring and disclosed funding across the recorded hubs.

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UNDERSTAND THE LANDSCAPE

Fintech in Denmark: key questions

Clear definitions for making better comparisons.

What does this landscape measure?

It measures the tracked company ecosystem, recorded funding, hiring and other available evidence. It is not a market-size estimate.

Can segment counts be added together?

No. A company can belong to several segments, so segment counts and funding can overlap.

What does a missing figure mean?

A dash or unavailable panel means the current reviewed source snapshot does not support that figure.

Company ecosystem snapshot: 4 September 2026. Funding is recorded in USD; filed accounts retain their stated currency and reporting basis. Each section identifies its own coverage. The news and research behind these sections is explorable in Prism.

Canonical landscape ↗
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