" Portugal is quickly emerging as a key fintech hub in Europe, and we’re incredibly proud to be playing our part in that movement by creating hundreds of new jobs. "
- Nik Storonsky, Revolut
We want you to come to Portugal and most particulary to Porto. We want to make Porto an european fintech hub of excelence. How can we help you? How can you help us?
- Strategic Location
- World Class infrastructure and technological services
- Competitive costs
- Qualified workforce
- Favourable business environment
- European Hub in Business Process Outsourcing/Shared Services Centres
- Peaceful and cosmopolitan country and good quality of life
WHY CHOOSE PORTUGAL, WHY CHOOSE PORTO
Along the past years Portugal has been rising in several key indicators amongst the vast listings given by the World Economic Forum (WEF) or the World Bank (WB). Today, Portugal is considered worldwide the 42th most competitive country in the world by the World Economic Forum, out of 137 countries.
Geographically, Portugal is located on the Iberian Peninsula being the westernmost country of mainland Europe. Portugal is the nearest European country to the USA and Canada and is on the same time zone as the UK and Ireland, - 3 hours from São Paulo in Brazil, + 1 hour from Central European Time.
The Country’s capital is Lisbon and the other main cities are Porto, Faro, Coimbra, Funchal (Madeira Islands) and Ponta Delgada (Azores Islands). Porto is 314km from Lisboa, 03:00 hrs by car, 02:30 hrs by train or 00:55 min by plane.
Porto, Portugal’s second largest city, has an area of 45 km2 and is located in northwestern Portugal. The population within city limits rounds 240.000 inhabitants. Porto Airport is located 11km out of the city centre, and connected to it by metro. Porto Airport has a strong network flying to London (Gatwick, Stansted and Luton) by British Airways as well by the most common low cost, as Easyjet or Ryanair, reaching 58 flights per week to this destination in the high season.
Rising from the late 2000s’ economic crisis, Porto has become a hotspot for international investments in recent years. The city is undergoing a huge touristic and investment boom. Porto was awarded the title of European Best Destination in 2012, 2014 and 2017 and the inflow of tourists has been growing tremendously. From 2013 to 2016 the number of jobs created by foreign investors grew by more than 300% in Porto and Northern Portugal, which was the region with the most foreign investments in Portugal in 2016 and 2017.
Foreign Fintechs in Porto
Many international fintech startups are established in Portugal and many have choosen Porto, here are some of them:
Portuguese Fintechs in Porto
Portuguese fintech startups are established all over the country. Because of the large concentration of technology universities in the north of Portugal, several Portuguese fintech startups have their office in Porto. Some are international like the example below, and many others have choosen to have their development offices in Porto