PORTUGAL FINTECH REPORT 2020

01

INDUSTRY OVERVIEW

EVER MORE. EVER BETTER.

The Portugal Fintech Report's 2020 edition is being built from a blank page directly into the hands of our community with the same purpose: empower the ecosystem.

Throughout the years our editions have become better and better, portraying the evolution and experiences of stakeholders, and inspiring collaborations across the Sector. This year, we are betting on the same trend: ever more, ever better.

Although not all can be revealed this time away, we are happy to share with you some of the many surprises we are preparing ahead. 

We want to bring you not only the status of the industry, but also the path it is taking. Sure, the future is uncertain - but with the picture of the whole we can get a lot closer to it.

And because we are always upping our game, this year we will focus on a practical approach on top tier best practices.

02

THE TOP FINTECHS

As startup-centric, there is nothing we value more than a good opportunity to show the quality of Fintech in Portugal. 

This year we want to reach the whole community - as such, we are calling for open applications to take a relevant part in our report by being featured as a top Fintech.

Who can apply?


Any Fintech that is either Portuguese or has operations in Portugal can apply. There are different categories of applications, which are asked at the beginning of the application. Anyone from the company can submit the application, preferentially the founder.




When can I apply?


Applications will be open until the 10th of September. You have to be fast! The assessment and selection will take place on the 10th of September, and on the 11th the results will be released.




How is the application process?


Applications will open, and can be submitted through an online questionnaire that will collect different types of information. We understand that sometimes information can be sensitive, which is why all questions are optional and you don't need to answer everything. Nevertheless, we will state which type of information would be displayed and which wouldn't. Please keep in mind that there will be criteria for the selection process which may encompass the analysis of that information. After the closing of applications, the selected Fintechs will be noticed and the information that will be on the report will be validated.




How does Portugal Fintech select the top Fintechs?


To be 100% transparent, we share with you the criteria that we use to select the top Fintechs. Each criteria is measured as a weighted average of scores from 0 to 5 which are attributed to individual indicators that compose that criteria, and the final score is also a weighted average of those criteria. The startups with highest scores will be on the report. Criteria used: (i) Team - Quality of the team - Diversity - Commitment - Employees (ii) Innovative character - Potential of disrupting the status quo - Low competition - Diversification - Sophistication (iii) Speed to market & Traction - Well materialized idea - Having a regulation-ready solution - Revenue - Clients - Relevant use-cases and projects (iv) Benefits to consumers and contribution to the Financial Sector's efficiency - Contributing to the efficiency of the Sector - Mitigation of risks
- Benefits to the consumer (v) External validation - partners & investors - Relevant backers (investors & partners) - Awards and recognitions - Amount raised Please note that Portugal Fintech has a wide network of experts, whose opinion is considered in the selection process.





APPLICATIONS CLOSED

more to be revealed soon....