On June 15, 2023, another event from the Cashless Fintech Evening series took place at the Powiśle Power Plant in Warsaw, during which the premiere of the sixth edition of the Polish Fintech Map took place.
The map includes as many as three platforms operated by Igoria Trade S.A. the Trejdoo.com platform in the category of online currency exchange offices, IgoriaCard in the payments category and Klasomat in the category of services intended for managing personal finances.
Payments
The “Payments” category in which the IgoriaCard service is classified is still the most important part of Polish fintech. As reported by Cashless.pl,
“As many as 80 companies included in the Map provide various types of payment transaction services. They constitute over 20 percent. Polish fintechs.”
Cashless.pl
Online currency exchange
The “online currency exchange ” category in which the Trejdoo.com service is classified play a significant role in the financial sector, offering both individual customers and companies services enabling currency exchange at favourable rates. The key features of these platforms are:
- Accessibility and Convenience: the platform works online, which ensures easy access and convenience of use. Customers can exchange currencies from the comfort of their home or office.
- Competitive Rates: These platforms often offer more competitive exchange rates than traditional banks, which is made possible by lower operating costs and intense competition in the market.
- Speed of Transactions: Digital currency exchange platforms usually allow transactions to be completed quickly, which is especially important for businesses and travelers.
- Security: The security of funds and data is a key element, and most platforms employ advanced security measures to protect their customers.
- Regulation: The Polish currency exchange market is regulated by appropriate financial institutions, which provides an additional layer of security and credibility for users of these services.
- Variety of Services: In addition to currency exchange itself, many platforms offer additional services, such as international money transfers, currency risk management, and financial advice.
Personal finance management
The category in which the Klasomat platform is included is “personal finance management”. The school-related collection service is based on financial services offered by Igoria Trade S.A. The category itself, defined on the fintech map, is extremely diverse, contains many specialized solutions, the common feature of which is intended for individual clients, and most often relatively low transaction amounts (except for investment platforms).
The authors of the study are the industry portal cashless.pl and the Fintech Poland foundation.
The entire report is available at: https://www.cashless.pl/13930-map-of-polish-fintech-2023