Austria’s startup scene is flourishing, with over 3,400 new firms launched since 2012, creating roughly 31,000 jobs and driving innovation throughout various sectors, from synthetic intelligence (AI) to healthcare, in accordance to the Austrian Financial Chamber (Wirtschaftskammer Österreich).
Among the many standout sectors is fintech, which has quickly gained traction in Austria’s entrepreneurial panorama. The sector has seen the rise of a few of the nation’s most notable startups, together with BitPanda, an funding platform value US$4.11 billion and Austria’s most beneficial tech startup. By 2025, fintech accounted for about 3% of the Austrian tech scene, with roughly 100 fintech firms, analysis from Oenpay exhibits.
Because the fintech sector continued to develop in 2024, we glance at present at a few of Austria’s most promising fintech startups. These firms witnessed vital progress final 12 months, and at the moment are primed to make an excellent better impression in 2025.
Enspired
Based in 2020 and primarily based in Vienna, Enspired is a number one world service supplier for the business optimization of energy belongings. The corporate presents technologically superior, data-driven and absolutely digital buying and selling providers, serving to asset homeowners maximize profitability whereas minimizing the time-to-market.
At its core, Enspired combines synthetic intelligence (AI), superior algorithms, and real-time knowledge to ship superior trading-as-a-service (TaaS) options. Its in-house developed buying and selling platform touted to be quickest on the European short-term energy market, enabling prospects to monetize the total potential of their flexibility with minimal time-to-market.
Enspired serves the European market as its residence base, however has its sights set on world growth. In Could 2024, the corporate raised EUR 25.5 million in Collection B funding to gasoline its progress, Tech.eu reported. The corporate plans to make use of the proceeds to increase into Asia and the US after “solidifying” operations throughout Europe.
Enspired has been getting ready its product by integrating adaptability to new markets, use circumstances and income streams inside its buying and selling platform. By 2035, its buying and selling infrastructure goals to allow 50 GW of flexibility.
With its daring imaginative and prescient, cutting-edge AI-driven platform and powerful monetary backing, Enspired stands as an Austrian fintech startup to look at in 2025.
Froots
Based in 2020 and primarily based in Vienna, Froots is a digital asset supervisor that goals to make capital market and personal banking accessible to everybody. The corporate leverages cutting-edge know-how to supply unique wealth administration providers to all, and at a fraction of the same old prices.
Froots makes use of an lively/passive method to portfolio administration that mixes the precision of lively decision-making with the cost-effectiveness of passive funding devices. Actively, Froots selects merchandise primarily based on a confirmed funding technique, scientific insights, and years of expertise, tailoring portfolios to every shopper’s targets and adjusting asset allocations over time to attenuate pointless danger. Passively, Froots invests in exchange-traded funds (ETFs) and exchange-traded commodities (ETFs) to make sure diversification and price effectivity.
Portfolios sometimes embrace a mix of bonds, equities, and commodities like gold, and shoppers can start investing with as little as EUR 75 per 30 days or a one-time contribution of EUR 1,500, guaranteeing accessibility.
Froots fees a single all-in payment starting from 0.7% to a most of 1% per 12 months, billed quarterly, which covers all providers from account administration to portfolio administration and transactions.
Froots closed a EUR 2.5 million spherical of financing in June 2024, bringing its whole to EUR 7 million, in keeping with co-founder and CEO David Mayer-Heinisch. The corporate plans to make use of the proceeds to spend money on merchandise and promoting. It additionally needs to increase its providers to a broader viewers, together with conventional savers and personal banking prospects.
Monkee
Based in 2018 and headquartered in Innsbruck, Monkee goals to reshape private finance with its modern “save now, purchase later” method. The corporate offers a platform that helps customers save more cash for what’s necessary to them, empowering customers to prioritize monetary stability.
The Monkee app gamifies financial savings plans, encouraging customers to avoid wasting with a transparent objective and devour correctly, whereas additionally collaborating with over 500 commerce companions to supply engaging cashback alternatives. The corporate claims 300,000 app downloads and financial savings targets surpassing EUR 250 million, underscoring a rising give attention to monetary well being and the booming traction of its platform.
Monkee achieved vital milestones in 2024. In June, it was named the Rising Star of the Yr within the Fintech and Insurtech class by EY, acknowledged for its modern answer and progress potential. In April, it raised “a seven-figure funding” in April 2024 to additional its progress and growth, Tech.eu reported. Monkee plans to make use of the proceeds from its fundraise to bolster its product choices, notably within the realm of long-term financial savings, in addition to improve buyer belief by means of partnerships with trusted monetary establishments.
The corporate additionally introduced a partnership with Vereinigte Volksbank Raiffeisenbank eG, increasing its attain to over 150,000 account holders.
These achievements make Monkee one of many high fintech startups from Austria to look at this 12 months.
Trever
Based in 2019 and headquartered in Graz, Trever is a monetary infrastructure startup. The corporate’s software program offers banks and different monetary organizations with a suitable infrastructure that permits for the buying and selling, switch, and bookkeeping of digital belongings.
Trever’s platform is designed to fulfill the evolving wants of monetary establishments, providing a modular, single-connection system that ensures most flexibility and ease. This method permits monetary establishments to begin buying and selling with a quick-to-deploy answer and increase it as their enterprise mannequin evolves.
Trever’s shoppers embrace distinguished banks within the German, Austrian and Swiss (DACH) area, together with V-Financial institution, Bankhaus Scheich and Futurum Financial institution.
Trever secured a EUR 2.4 million seed funding in July 2024. The funding spherical, co-led by TX Ventures (CH) and Market One Capital (LUX), will probably be used to enter new European markets extra shortly, positioning the startup for progress in 2025.
Fiskaly
Based in Vienna in 2019, Fiskaly is a supplier of fiscalization options in Europe. The corporate presents cloud-based country-specific software programming interfaces (APIs) for all facets of the receipt, serving to retailers and point-of-sale (POS) suppliers adjust to fiscal rules.
Fiskaly’s modern software-as-a-service (SaaS) infrastructure, together with its SIGN fiscalization software program, prevents tax tampering by producing distinctive digital signatures for transactions, guaranteeing compliant with country-specific legal guidelines.
Its licensed TSS for Germany is the market chief, built-in into over 600,000 money registers and impacting thousands and thousands of customers day by day. By digitizing receipts in stationary shops, the answer delivers a brand new buyer expertise by means of a sustainable, paperless various, whereas additionally optimizing enterprise processes.
Fiskaly, which operates workplaces in Vienna, Berlin, and Frankfurt, serves greater than 800 business-to-business (B2B) prospects inside the retail know-how business, together with orderbird, Lightspeed, SumUp and ready2order.
Fiskaly has recorded spectacular progress, attaining over EUR 10 million in recurring income in 2023 with year-over-year (YoY) progress charges surpassing 30%. In June 2024, the corporate secured an funding from Verdane, a European specialist progress funding agency, to strengthen its market positions in Germany, Austria, and Spain. The funding will even help Fiskla’s plans to enter new markets, together with Italy, the place it started operations in October 2024.
These achievements make Fiskaly a fintech startup from Austria to look at in 2025.
Featured picture credit score: edited from freepik
