Austria’s startup scene is thriving, with over 3,400 new companies launched since 2012, creating approximately 31,000 jobs and driving innovation across diverse sectors, from artificial intelligence (AI) to healthcare, according to the Austrian Economic Chamber (Wirtschaftskammer Österreich).

Among the standout sectors is fintech, which has rapidly gained traction in Austria’s entrepreneurial landscape. The sector has seen the rise of some of the country’s most notable startups, including BitPanda, an investment platform worth US$4.11 billion and Austria’s most valuable tech startup. By 2025, fintech accounted for about 3% of the Austrian tech scene, with approximately 100 fintech companies, research from Oenpay shows.

As the fintech sector continued to grow in 2024, we look today at some of Austria’s most promising fintech startups. These companies witnessed significant growth last year, and are now primed to make an even greater impact in 2025.

Enspired

Founded in 2020 and based in Vienna, Enspired is a leading global service provider for the commercial optimization of power assets. The company offers technologically advanced, data-driven and fully digital trading services, helping asset owners maximize profitability while minimizing the time-to-market.

At its core, Enspired combines artificial intelligence (AI), advanced algorithms, and real-time data to deliver superior trading-as-a-service (TaaS) solutions. Its in-house developed trading platform touted to be fastest on the European short-term power market, enabling customers to monetize the full potential of their flexibility with minimum time-to-market.

Enspired serves the European market as its home base, but has its sights set on global expansion. In May 2024, the company raised EUR 25.5 million in Series B funding to fuel its growth, Tech.eu reported. The company plans to use the proceeds to expand into Asia and the US after “solidifying” operations across Europe.

Enspired has been preparing its product by integrating adaptability to new markets, use cases and revenue streams within its trading platform. By 2035, its trading infrastructure aims to enable 50 GW of flexibility.

With its bold vision, cutting-edge AI-driven platform and strong financial backing, Enspired stands as an Austrian fintech startup to watch in 2025.

Froots

Founded in 2020 and based in Vienna, Froots is a digital asset manager that aims to make capital market and private banking accessible to everyone. The company leverages cutting-edge technology to offer exclusive wealth management services to all, and at a fraction of the usual costs.

Froots uses an active/passive approach to portfolio management that combines the precision of active decision-making with the cost-effectiveness of passive investment instruments. Actively, Froots selects products based on a proven investment strategy, scientific insights, and years of experience, tailoring portfolios to each client’s goals and adjusting asset allocations over time to minimize unnecessary risk. Passively, Froots invests in exchange-traded funds (ETFs) and exchange-traded commodities (ETFs) to ensure diversification and cost efficiency.

Portfolios typically include a blend of bonds, equities, and commodities like gold, and clients can begin investing with as little as EUR 75 per month or a one-time contribution of EUR 1,500, ensuring accessibility.

Froots charges a single all-in fee ranging from 0.7% to a maximum of 1% per year, billed quarterly, which covers all services from account management to portfolio management and transactions.

Froots closed a EUR 2.5 million round of financing in June 2024, bringing its total to EUR 7 million, according to co-founder and CEO David Mayer-Heinisch. The company plans to use the proceeds to invest in products and advertising. It also wants to expand its services to a broader audience, including traditional savers and private banking customers.

Monkee

Founded in 2018 and headquartered in Innsbruck, Monkee aims to reshape personal finance with its innovative “save now, buy later” approach. The company provides a platform that helps users save more money for what’s important to them, empowering users to prioritize financial stability.

The Monkee app gamifies savings plans, encouraging users to save with a clear purpose and consume wisely, while also collaborating with over 500 commerce partners to offer attractive cashback opportunities. The company claims 300,000 app downloads and savings goals surpassing EUR 250 million, underscoring a growing focus on financial health and the booming traction of its platform.

Monkee achieved significant milestones in 2024. In June, it was named the Rising Star of the Year in the Fintech and Insurtech category by EY, recognized for its innovative solution and growth potential. In April, it raised “a seven-figure investment” in April 2024 to further its growth and expansion, Tech.eu reported. Monkee plans to use the proceeds from its fundraise to bolster its product offerings, particularly in the realm of long-term savings, as well as enhance customer trust through partnerships with trusted financial institutions.

The company also announced a partnership with Vereinigte Volksbank Raiffeisenbank eG, expanding its reach to over 150,000 account holders.

These achievements make Monkee one of the top fintech startups from Austria to watch this year.

Trever

Founded in 2019 and headquartered in Graz, Trever is a financial infrastructure startup. The company’s software provides banks and other financial organizations with a compatible infrastructure that allows for the trading, transfer, and bookkeeping of digital assets.

Trever’s platform is designed to meet the evolving needs of financial institutions, offering a modular, single-connection system that ensures maximum flexibility and simplicity. This approach allows financial institutions to start trading with a quick-to-deploy solution and expand it as their business model evolves.

Trever’s clients include prominent banks in the German, Austrian and Swiss (DACH) region, including V-Bank, Bankhaus Scheich and Futurum Bank.

Trever secured a EUR 2.4 million seed investment in July 2024. The funding round, co-led by TX Ventures (CH) and Market One Capital (LUX), will be used to enter new European markets more quickly, positioning the startup for growth in 2025.

Fiskaly

Founded in Vienna in 2019, Fiskaly is a provider of fiscalization solutions in Europe. The company offers cloud-based country-specific application programming interfaces (APIs) for all aspects of the receipt, helping retailers and point-of-sale (POS) providers comply with fiscal regulations.

Fiskaly’s innovative software-as-a-service (SaaS) infrastructure, including its SIGN fiscalization software, prevents tax tampering by generating unique digital signatures for transactions, ensuring compliant with country-specific laws.

Its certified TSS for Germany is the market leader, integrated into over 600,000 cash registers and impacting millions of users daily. By digitizing receipts in stationary outlets, the solution delivers a new customer experience through a sustainable, paperless alternative, while also optimizing business processes.

Fiskaly, which operates offices in Vienna, Berlin, Madrid and Frankfurt, serves more than 800 business-to-business (B2B) customers within the retail technology industry, including orderbird, Lightspeed, SumUp and ready2order.

Fiskaly has recorded impressive growth, achieving over EUR 10 million in recurring revenue in 2023 with year-over-year (YoY) growth rates surpassing 30%. In June 2024, the company secured an investment from Verdane, a European specialist growth investment firm, to strengthen its market positions in Germany, Austria, and Spain. The funding will also support Fiskal’s plans to enter new markets, including Italy, where it began operations in October 2024.

These achievements make Fiskaly a fintech startup from Austria to watch in 2025.

Featured image credit: edited from freepik