Fintech in Portugal and the role of Engineers

Fintechs in Portugal: What They Are and How They Work

Fintechs in Portugal are companies that are transforming the financial sector, with innovative and customer-centric solutions. Fintech engineers play an important role throughout the process, with their specialized training being key to entering and excelling in this dynamic, constantly evolving field.

Fintechs what are they

Fintech is the result of the fusion of the words “financial” and “technology” and represents a revolution in the financial sector, offering more agile, efficient and personalized services through digital platforms.

These financial startups aim to optimize financial services, using technology to reduce costs and improve the customer experience.

Fintechs are companies that combine finance and technology and are transforming the global financial sector with innovative and disruptive solutions.

They offer a variety of services, from payments and financial management to loans and investments, all through digital platforms that promise greater efficiency and convenience for users.

A Forbes listed the top 50 Fintechs of the year, highlighting the innovation and impact of these companies in the financial sector. Among the newcomers to the list are companies that offer fraud prevention tools, payment processing and credit solutions, reflecting the diversity and specialization within the Fintech ecosystem.

Fintechs are, without a doubt, redefining the future of finance, with their ability to innovate and quickly adapt to user needs and market changes.

And as the sector continues to evolve, we can foresee technological advances and new business models emerging from this dynamic and entrepreneurial segment and which will have an impact on professions.

The main Fintechs in Portugal

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Portugal has stood out on the global stage as a hub of innovation in the financial sector, especially with regard to Fintechs.

These financial technology companies are revolutionizing the way we interact with money. Here are some of the main Fintechs in Portugal:


This crowdfunding platform, one of the pioneers in Portugal, founded in 2014, offers a credit alternative for small and medium-sized companies (SMEs). Raize connects companies in need of loans with interested investors willing to finance, providing a quick approval process and competitive interest rates.


It started as a traditional bank in 1994 and reinvented itself in 2010 as a Digital Bank. ActivoBank currently offers a wide range of digital banking services and is present in several Portuguese cities. It allows you to have an account with no maintenance fees and instant debit and credit cards, among other advantages it offers to its customers.


Specialized in combating fraud in financial services and e-commerce. Feedzai uses artificial intelligence and machine learning to offer top security solutions. Since 2008 it has been a driving force in protecting against fraudulent activity.

PPL Crowdfunding

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This crowdfunding platform allows individuals and companies to finance their projects through collective support. It's an innovative way to connect creators and supporters, democratizing access to financing.


IfThenPay offers solutions that allow financial transactions for companies of any size, are easy to use and well integrated with other systems, with the aim of simplifying payments.

These Fintechs are, therefore, the tip of the iceberg in Portugal's technological financial ecosystem.

With the support of incubators and acceleration programs, the country is well positioned to continue growing, as a Fintech hub in Europe and the world.

For those looking to get involved with the Fintech sector in Portugal, whether as a consumer, investor, entrepreneur or collaborator, there are many opportunities and resources available.

The future of Fintechs in Portugal is promising, with innovations that continue to emerge and transform the global financial landscape.

The panorama of Fintechs in Portugal

Portugal has emerged as a favorable environment for Fintechs, with a variety of innovative startups that are transforming the financial sector.

The Portuguese Fintech ecosystem is diverse and dynamic, covering areas such as credit, blockchain and cryptocurrencies, payments and transfers, insurance, fund management, cybersecurity and real estate.

O Portugal Fintech Report 2023 highlights the continuous support for Fintech startups and the connection of the Portuguese ecosystem with the world. This report is a valuable source of information about the Fintech scenario in Portugal and is essential reading for anyone who wants to better understand this sector.

The program Fintech365 for Startups by Microsoft is another example of the commitment to innovation in the sector, selecting Fintechs to collaborate with Portuguese banking. Among those selected, nine are Portuguese, demonstrating the strength and potential of the national ecosystem.

Portuguese Fintechs are, without a doubt, at the forefront of financial innovation, offering solutions that meet the needs of modern consumers and businesses.

With the support of incubators such as UPTEC, which encompasses some of the country's leading Fintechs, Portugal is well positioned to continue to progress in the European and global Fintech space.

Future Trends for the Fintech Sector in Portugal

The Fintech sector in Portugal is constantly evolving, driven by a combination of innovative talent, supportive government policies and a robust entrepreneurial ecosystem.

As we move forward, there are several emerging trends that are shaping the future of Fintechs in the country.

Here are some of the most promising trends:

Financial autonomy

The growing demand for financial autonomy is leading Fintechs to develop solutions that allow users greater control over their personal and business finances. This includes financial management tools, budgeting apps and autonomous investment platforms.

Exclusive Digital Banks

Digital banks are becoming increasingly popular, with many consumers preferring the convenience and efficiency of online banking. In Portugal, digital banks are expected to continue to grow, offering a paperless and queue-free banking experience.


With the increase in online transactions, cybersecurity has become a priority for Fintechs. Significant investments are being made to ensure customer data is protected and transactions are secure, using the most advanced technologies available.

Financial Literacy

Fintechs are also playing a crucial role in financial education, providing resources and tools that help consumers better understand financial products and make informed decisions.

Open Banking

Open Banking is transforming the financial sector, allowing customer data to be shared between different financial institutions in a secure and controlled way. It is, therefore, opening new paths for greater innovation and personalization of financial services.

RegTech (Regulatory Technology)

A RegTech is emerging as a critical area, with Fintechs developing solutions to help financial institutions comply with regulations more efficiently and less expensively.

Integrated Finance

The integration of financial services into other platforms and applications is a trend, which allows customers to access financial services conveniently and without interruptions.

Crypto Signals Room

Cryptocurrencies continue to gain traction in Portugal, with more Fintechs exploring the use of blockchain and cryptocurrencies to offer new types of financial services.

Alternative Financing and Sustainability

There is growing interest in alternative financing solutions that are environmentally sustainable, reflecting a global awareness towards greener business practices.

Government and Regulatory Support

Portugal has adopted a progressive stance towards Fintechs, with favorable policies and a flexible regulatory framework that favors innovation and growth in the sector.

These trends predict a promising future for Fintechs in Portugal.

With continued Government support, an adaptable regulatory environment and a commitment to technological innovation, Portugal is well positioned to become a leader in the European and global space.

Fintechs in Portugal; AI-generated image
Fintechs in Portugal; AI-generated image

Fintech Engineers

The role of a Fintech engineer is vital for the development and maintenance of these technological solutions.

They are responsible for programming products and functionalities, using programming languages ​​such as Java, Python, C++, HTML and PHP, whether in a smartphone or web environment.

being one of the most sought after professions in the future, must have important capabilities in both product and technology innovation, and always focused on customer needs.

To become a Fintech specialist, it is recommended to look for courses that offer a multidisciplinary approach, whether in legal, technological and business aspects.

There are online courses, like those at the University of Chicago, which can provide a solid foundation in the financial fundamentals applied to Fintechs.

Also, postgraduate courses, such as the one offered by CIDP, are an excellent option, as they count on the participation of national and international experts and cover, in depth, the most relevant topics in financial technology.

Fintech market in Portugal

To enter the Fintech market in Portugal, it is essential to have training that combines financial knowledge with technological skills.

There are courses designed to cover a range of relevant topics, such as blockchain, artificial intelligence, cybersecurity, financial regulation and digital innovation.

One example is the I Postgraduate Course in Fintech, offered by CIDP and which addresses financial technology topics, with the participation of national and international experts.

In addition to academic training, it is important to have practical experience in the financial or technological sector. Many Fintechs value work experience as much as academic training, as this demonstrates the ability to apply theoretical knowledge in real market situations.

Another relevant aspect is the capacity for innovation and adaptation. The Fintech market is dynamic and is always looking for creative solutions to financial challenges. Therefore, professionals who demonstrate critical thinking, problem solving and innovation capabilities have a competitive advantage in these areas. soft skills.

For those who already have a solid foundation in finance or technology, intensive courses or specific modules can be a good alternative to acquire additional knowledge in specific areas of Fintech, which may include studies on cryptoactives, digital payment methods, among others.

In summary, to enter the Fintech market in Portugal, it is recommended to find training that offers a comprehensive and updated view of the sector, in addition to developing practical and innovative capabilities.

The combination of formal education, practical experience and an innovation-oriented mindset will form the foundation for a successful career in the world of Fintech.

Exploring Job Opportunities in the Fintech Sector in Portugal

With the continuous growth of this sector of activity, several job opportunities arise that attract talents from different areas.

Here are some “tips” for those who want to find an opportunity in this market.

Continuing Education and Training

Education is the basis for entering the Fintech sector. Specialized courses, such as postgraduate degrees in Fintech, are excellent starting points. These programs offer in-depth knowledge about emerging technologies and innovative financial practices. Additionally, ongoing training through workshops and seminars can keep professionals up to date with the latest trends and developments.

Specialized Employment Platforms

Online job platforms like Indeed are valuable resources for finding jobs in the Fintech sector. These sites aggregate offers from various companies and allow candidates to filter searches by location, type of contract and specialization, making it easier to identify opportunities that align with their skills and interests.

Networking and Industry Events

Attending networking events and conferences specific to the Fintech sector can open doors to job opportunities. These events are ideal for meeting industry leaders, learning about new startups, and making valuable connections. Furthermore, companies often advertise vacancies and look for talent during these meetings.

Internship Programs

For those just starting out, internship programs offered by Fintech companies can be an excellent way to gain practical experience. These programs are designed to build capabilities and offer an inside look at the day-to-day operations of a Fintech company.

Specialized Recruitment Portals

Some recruitment portals specialize in the Fintech sector and can offer a wider range of opportunities. They can also provide advice on how to prepare for selection processes and how to stand out in a competitive market.

Professional Social Networks

Professional social networks, such as LinkedIn They are powerful tools for building an online presence and being able to connect with companies and recruiters in the Fintech sector. Maintaining an updated profile and interacting with relevant content can increase visibility, attracting the attention of potential employers.

Career Consulting

Career consulting services can offer personalized guidance for navigating the Fintech market. They can help with preparation of the Curriculum Vitae, simulation of Job interviews and job search strategies.

In conclusion, finding a job opportunity in the Fintech sector in Portugal requires an appropriate combination of training, use of job search resources and effective networking.

With the right approach, professionals can position themselves to seize opportunities in this dynamic and constantly evolving field.

Stay informed, connected and prepared to dive into the world of Fintechs.

Relevant Certifications for Fintech Professionals in Portugal

The Fintech industry is transforming the financial sector with its innovation and cutting-edge technology. For professionals who want to stand out in this dynamic field, obtaining relevant certifications is an effective way to demonstrate competence and commitment to excellence. In Portugal, there are several certifications that can be particularly valuable for those who work or want to work in the Fintech sector.

FinTech Industry Professional (FTIP™) Certification

One of the most comprehensive certifications available is the FinTech Industry Professional (FTIP™), offered by the Corporate Finance Institute. This program prepares professionals to lead in the digital age, covering fundamentals of financial technology, cryptocurrency, data science, and payment technologies. The FTIP™ certification is internationally recognized and can open doors to career opportunities in emerging roles within the Fintech sector.

CEFA Diploma – Certified European Financial Analyst

Another prestigious certification is the Diploma CEFA – Certified European Financial Analyst. Awarded upon successful completion of postgraduate programs in Financial Analysis recognized by EFFAS, this diploma is managed in Portugal by the Portuguese Association of Financial Analysts (APAF). CEFA is ideal for professionals who want to have a deep understanding of financial analysis and who want to apply this knowledge in the context of Fintechs.

CESGA Certification – Certified ESG Analyst

For those interested in sustainability and governance, the CESGA Certification – Certified ESG Analyst is an excellent choice. Promoted by APAF, this certification focuses on factor analysis environmental, social and governance (ESG), which are becoming increasingly important in the financial world, including the Fintech sector.

Fintech + from Banco de Portugal

Although not exactly a certification, the program Fintech + from Banco de Portugal offers a contact channel and relevant information for professionals who want to stay up to date with innovations and regulations in the financial sector. This resource can be extremely useful for Fintech professionals looking to better understand the regulatory environment in Portugal.

In short, certifications are a crucial part of professional development in the Fintech sector, as they not only validate professionals' knowledge and experience, but also signal to employers a commitment to continuous learning and adapting to the industry's rapid changes.

Whether looking to deepen technical knowledge with FTIP™, or create more knowledge in financial analysis with CEFA, specializing in ESG with CESGA, or staying informed with Fintech+, there is a wide range of options to enhance your career and drive success in Portugal's vibrant Fintech market.

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