A tale of 44 cities | Prague S e l f e v a u l a t i o n o f tH h eu hb u bi in nd i sc High Rankixa t ko e yr s a r e a Pragues Best workspace and accelerators Hub features Top FinTech companies Hub profile Technologies Payments: Twisto, Spire, Worldcore, kupnajisto, Storyous; Forex: RoklenFX, Wallets: Lis BleskPeněženka; PFM: BudgetBakers, Spendee, ChytryHonza; Insurance: První b on Big data klubová; Infrastructure: Zingly (Multibanking), SDK.finance; SME Financing/P2P SG platforms: Zalep.to, InvesticniAukce, Fundlift; Bitcoin: EasyCoin; Others: iDoklad, ho Mobile ev ne Node5 r Fakturoid, Rychlý Výpis. zhn Machine learning enm StartupYard e Gn l o b a l F UX it Cn es n t r eu Big investors 7p P2 ragp ueo Enern, Miton, Credo Ventures, Rockaway, 3TS, Evolution Equity and J&T Ventures. r t Innovation areas n o Although the majority of FinTech startups in the Czech Republic were i Success stories t a Personal finance management v o FinTech success stories emerging from our Hub include Twisto, Zonky and founded in the last four years, in the Czech ecosystem, benefiting fromBn rn Payments usI se ll sax Budgetbakers. Twisto is a FinTech that aims to simplify payments through the a strong technical workforce where labour costs are still significantly be Infrastructure o ld smart use of credit. The company has received a number of recognitions and Gn7I more competitive than Western Europe, is gaining momentum and I2n Forex n INDEX SCOREo awards including being listed by Forbes as one of Czech’s top 20 startups. Zonky several stars are emerging. As the Czech market population is relatively va Lending t is one of the first Czech FinTechs in micro and P2P lending. Budgetbakers is a PFM Madridi o small, there is strong focus on international expansion and therefore, c n FinTech with 1.6 million app downloads and more than 1 million of active users. for many, the Czech Republic represents an “incubator of innovation”. 126utlu Challenges However Czech regulation leaves room for improvement and so far er Regulatory uncertainty The future there are no direct challengers of core banking services, especially Regulatory barriers The next 12 months will see increasing recognition from governments and in the areas of current accounts and wealth management.Low Rank Small size of market regulators that FinTech is here to stay. In particular, we expect the new PSD2 regulation from January 2018 to offer significant opportunities for many of the ss local FinTechs and to spark discussions with policymakers and regulators. genisuB72ise RenioDert guexp lati to onmity oxi Pr Hub representative Czech FinTech Association Formers CEOeign sto custo Markéta BrabcováartupsProximity t 59