Foreign investors who open a fintech company in Poland have a number of advantages, including but not limited to the country’s openness to encourage these types of services tailored to the needs of the financial industry – both the corporations and the clients. Company formation in Poland is a simple process and foreign investors can talk to one of our agents who specialize in company incorporation of any business forms. Follow the article below for specific guidelines with regard to opening a fintech company in Poland.
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The financial technology business sector in Poland
Fintech companies in Poland provide services needed to companies in the banking and the financial industries. Their solutions, however, can be both targeted towards corporate needs, such as providing internal software solutions, and towards the customers, such as developing software for a better interaction between the bank and the client.
Polish companies in the fintech sector offer solutions for electronic payments, financial platforms, solutions for sales platforms or analytics. Apart from having a market that encourages the cooperation between banks and fintech companies, Poland has another important advantage: it has a pool of talented IT specialists.
International companies involved in the fintech sector have already caught on the business potential and the benefits that exist for those who open a Polish company. The country has a favorable investment regime and allows for full foreign ownership.
Types of fintech activities in Poland
Investors who start a fintech business can engage in a number of activities related to financial technologies. These are mainly related to the digitization of traditional financial services. The following list includes a few examples:
- Financial and wealth management: services and platforms designed to help individuals and investors with actual investment counseling and advice and guidance related to money management;
- Payment platforms: another option for those who open a company in Poland in this sector is to offer services that streamline online payments.
- Crowdfunding: this category encompasses more types of alternative financing methods but a popular option is to open a crowdfunding platform.
- Banking solutions: essentially the digitization of the traditional services that would have been available to clients of Polish banks.
When opening a new company, investors need to choose an appropriate type of legal entity in Poland. We suggest that you talk to one of our Polish company formation agents for detailed information about a specific type of company that would be suited to your business needs.
Regulatory framework of fintech companies in Poland
Fintech companies in Poland must operate under specific licenses issued by the Polish Financial Supervision Committee. The main licenses that fintech businesses must obtain in order to operate legally are:
- Payment institution licenses: KIP (National Payment Institution) and MIP (Small Payment Institution). These licenses allow companies to operate a wide range of payment services, such as: deposits, withdrawals, transferring funds, maintaining payment accounts and more;
- Electronic money Institution Licenses (EMI): these licenses allow businesses to operate financial activities involving e-money;
- Investing firm licenses: these licenses imply specific regulations, including minimum capital requirements and specific expertise in the finance sector.
Moreover, fintech regulation in Poland is based on European Union directives, such as: PSD2 Directive (“Directive (EU) 2015/2366 of the European Parliament and of the Council of 25 November 2015 on payment services in the internal market”) or EMD2 Directive (“Directive 2009/110/EC of the European Parliament and of the Council of 16 September 2009 on the taking up, pursuit and prudential supervision of the business of electronic money institutions”).
Our specialized Polish company formation agents can offer support in the matter of opening a fintech company in Poland and obtaining the specific licenses for it.
Documents to open a fintech company in Poland
Opening a fintech company in Poland implies preparation of the documents similar to opening any business structure in this country, with additional licenses required and mentioned above. The key documents to register a company in Poland are:
- Company registration form;
- Articles of Association;
- Shareholders List;
- Proof of payment of the share capital;
- Board resolution;
- Declaration of beneficial owners;
- Consent of management board members;
- Power of attorney, if needed.
Data on fintech companies in Poland
In the recent years, Poland has a grown fintech sector with a wide range of startupsand financial institutions which offer services using modern information technology. Key statisticsinclude:
- In 2024, there were 368 fintech companies operating in Poland;
- In 2023, digital payment users in Poland reached 25 million people or companies;
- Fintech related transactions reached 4 million EUR in 2024.
Furthermore, our specialists can offer a broad range of services regarding Polish company formation. For example, our specialists have a broad experience in Polish accounting services, with specialized support regarding tax compliance, register organization or other guidelines our accountants in Poland can provide.
Contact us for more detailed information about the steps for opening a fintech business in Poland and for assistance as per your company registration needs.