The island nation of Cyprus has been a dormant volcano for financial services startups. Over the years, this sunny Mediterranean nation has attracted many FinTech entrepreneurs, thanks to a plethora of financial services regulations, which are largely in line with European Union standards, a favourable business environment, and low corporate tax rates. Adding to the allure is the country’s strategic geographical location – a juncture between Europe, Asia and Africa, which offers startups international perspectives and opportunities for expansion.
Today, Cyprus has become a flourishing hub for financial startups, thanks to the developments in technology and a surge in mobile transactions. These financial services startups are revolutionizing the financial landscape by offering a broad range of services that include banking, payments, advisory, brokerage, and risk management services.
Here’s a closer look at some of the interesting financial startups that are making waves in the Cyprus financial scene:
CAPEX.com
CAPEX.com is a global brand aiming to change the way we invest today. Founded by Octavian Patrascu, CAPEX.com operates in the Financial Services and FinTech industry, and offers a diversification of trading options across a plethora of markets.
WireWallet
WireWallet, co-founded by Soteris Georgiou, is a shining star in the banking industry. Their named IBAN accounts enables WireWallet users to send and receive wire transfers securely and swiftly. The company’s forward-thinking approach to digital payments has positioned it as a leader in its industry.
AIRR
AIRR provides financial services and single SaaS solutions for professional investment activities. Formed by Gleb Davidyuk and Natallia Chykina, AIRR is a trailblazer in the FinTech, Software, and Venture Capital industries.
Brainrock
Brainrock specialises in offering corporate banking, prepaid cards, personal banking, and debit card services. This specialist financial service provider breaks down banking complexity and provides easy-to-use financial solutions.
1MARKET
1Market is an online broker and regulated provider of CFDs offering unparalleled trading and investing services in shares, margin forex, and commodities.
eCREDO
eCREDO is a fintech company providing digital financial services for individuals and corporates alike, including Payments and Financial Services.
Royal Pine & Associates
Royal Pine & Associates provides comprehensive accounting, fund administration, legal, corporate & assurance services and has a strong presence in the Financial Services sector.
BigWallet Payments
BigWallet Payments offers reliable merchant account and payment processing solutions and has become a go-to Payments and Financial Services provider for businesses in Cyprus.
Qfin
In the Consulting and Risk Management domain, Qfin is at the forefront, providing valuation, risk management, and financial consulting services.
Eptagon Business Solutions
Co-founded by Dimitri Constantinides and Elia Panagiotopoulos, Eptagon Business Solutions provides comprehensive payment, logistics management, and customer support services.
discount FX
discountFX is a licensed European broker that reliably provides traders with the lowest possible cost of Forex and CFD trading.
Errante
Errante is a Cyprus-based online brokerage firm that bridges the gap between large financial institutions and small-medium businesses by providing top-tier services.
Bennupay
Bennupay is a financial firm that streamlines secure payments for merchants by providing an easy-to-use payment gateway, e-wallets, and credit card services.
Pivot Consultants Cyprus
Pivot Consultants Cyprus provides top-tier taxation and management consulting services to organisations of all sizes.
ETFinance
ETFinance is a leading financial services company that offers advanced online trading platforms for CFD trading, aiming to make financial markets accessible to everyone.
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