Cyprus is steadily strengthening its position in the international technology arena. According to CNBC's latest World's Top Fintech Companies 2025 ranking, three companies operating on the island were included in the list of the world's 300 best fintech companies. Prepared in partnership with the research agency Statista, the ranking reflects the global influence of the Cypriot fintech sector.
Which companies made it into the global fintech ranking?
As part of the ranking process, CNBC and Statista analyzed over 2,000 fintech companies worldwide. To be considered, companies provided confidential KPIs, including revenue growth, number of employees, customer base, and technological sustainability.
The lucky ones from Cyprus were:
- Finery Markets (Limassol), a company that specializes in non-custodial digital asset trading and offers ECN and SaaS solutions to clients. Finery Markets was included in the “Digital Assets” category. CEO Konstantin Shulga called being included on the CNBC list an important milestone that opens up new opportunities for global expansion and strengthening the company's image.
- Sumsub (Limassol) is a platform that provides comprehensive solutions for KYC/AML, regulatory compliance, and business process automation.
- Featured in the "Corporate Fintech Companies" section, Sumsub stands out by combining all compliance tools in a single ecosystem, eliminating the need for customers to integrate disparate solutions.
- Although eToro is headquartered in Israel, its European hub is based in Cyprus, where it employs over 250 people. eToro was included in the “Wealth Technology” section. In May 2025, eToro became the first major fintech company to go public since 2021, establishing itself as a prominent player in the investment and retail asset trading market.
Despite global challenges, the fintech sector continues to grow
According to KPMG, global investment in fintech fell by 20% in 2024, reaching $95.6 billion. However, the industry remains resilient thanks to innovation and digital transformation. Modern fintech companies are actively implementing artificial intelligence to combat fraud and switching to stablecoins and digital payments. These factors have not only enabled Cypriot companies to stay afloat, but also to become world leaders in the industry.
Cyprus is becoming a magnet for fintech
The presence of three Cypriot companies in a prestigious international ranking underscores Cyprus's growing importance in the European fintech landscape. The country offers favorable conditions for technology businesses, including skilled personnel, European regulations, and a strategic location. If this trend continues, Cyprus could become one of the region's leading fintech jurisdictions in the coming years.