Population
10.2M
Online population
8.7M
Currency
EUR
Population - 10.2M
At the start of 2023, 67.6% of Portugal’s population lived in urban centres, while 32.4% lived in rural areas.
Internet penetration - 85%
There were **8.7M internet users** in Portugal in January 2023.
The Portugal FinTech Report 2022, released in October, shows a resilient FinTech industry that has continued to grow, innovate and attract investors’ interest in 2022, despite falling tech stocks and concerns about an economic downturn.
Significant deals from FinTech companies based in Portugal or with Portuguese founders were recorded in 2022. These include Uphold’s €30.6M round, Elucidate’s €6.2M seed funding and Habit’s €5.2M fundraising, the report notes. Uphold is a digital trading platform; Elucidate is a financial crime risk management platform; and Habit is an end-to-end insurance solution provider.
In total, 69 FinTech companies were recorded in Portugal:
<aside> 💡 As of December 2022, [there were](https://www.statista.com/statistics/350673/eurozone-portugal-number-mfi-credit-institutions/#:~:text=The number of banks in,notable decrease compared to 2021.) 139 banks in Portugal. Caixa Geral de Depósitos (CGD) is the largest bank in Portugal, 100%-owned by the Portuguese government.
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