The Spanish Association of FinTech and InsurTech (AEFI) and the Madrid City Council presented an overview of the sector during Madrid FinTech Day. The event also served to analyze the inconsistent application of European regulations on digital assets and the lack of "unicorns" in the national market.
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La AEFI extension and the Madrid City Council have revealed, during the Madrid FinTech Day, which the Spanish capital has captured 731 millones de euros in investment for the sectors FinTech e Insurtech between 2019 and 2024, consolidating itself as a hub strategic financial innovation in southern Europe.
This data comes from “Investment Report on the FinTech Sector in Madrid in 2025”Presented within the framework of the 2nd Financial Regulation Conference, the event brought together supervisors, innovation experts, and industry representatives to discuss talent attraction, legal certainty, and the interaction of new European regulations with the national business sector.
A snapshot of investment and competitiveness in Madrid
The report details the evolution of the ecosystem, highlighting key factors such as revenue, investment received, and the geographic distribution of companies. According to the document, Madrid offers tangible competitive advantages for internationalization and the development of digital businesses.
Among the main attractions of the region highlighted by the AEFI extension, they stand out:
- Availability specialized talent in financial technologies.
- An advanced transport and telecommunications infrastructure.
- Strategic proximity to key international markets.
However, the analysis also identifies critical areas for improvement in order to compete globally. It highlights the need to have larger capital for advanced funding rounds and the urgency of ensuring greater regulatory stability.
The following is a breakdown of the key data presented on the ecosystem in Madrid:
| Concept | Data and Conclusions |
|---|---|
| Investment Volume (2019-2024) | 731 million euros raised in Madrid. |
| Hub Strengths | Qualified talent, infrastructure and international connection. |
| Weaknesses Detected | Lack of large capital (scale-up) and need for greater legal certainty. |
The unicorn challenge and public-private collaboration
During the opening, Arturo Mac Dowell, President of the AEFI extensionHe emphasized the association's role as a strategic "umbrella" for a sector that drives innovation for the benefit of the entire financial industry. MacDowell stressed the need to facilitate the expansion of Spanish companies to compete with international leaders.
MacDowell He was emphatic regarding the market situation: “In Spain, we still lack unicorns in the FinTech sector. We have brilliant companies and extraordinary talent, but we need more regulatory stability, greater legal certainty, and smart capital that will allow these companies to grow and consolidate in Europe.”.
The president of the employers' association stressed the vital importance of strengthening the public-private partnership to eliminate bureaucratic frictions and create an ecosystem where investment opportunities flow more smoothly.
Digital Asset Analysis: MiCA and European Heterogeneity
Along with the investment figures, the day served to present the Paper on Digital Assets, prepared by the AEFI extension In collaboration with finReg360 y cecabankThis technical document provides an "X-ray" of the European regulation Mica (Markets in Crypto-Assets).
The study delves into:
- The interaction of MiCA with other regulations such as DORA (digital operational resilience), PSD3 (payment services), data protection and prevention of money laundering.
- La heterogeneity in practical application of the standard in the different EU member states.
- The aspects of the regulation that are currently subject to different interpretations and understandings by national supervisors.
Key points and frequently asked questions about Madrid FinTech Day
What volume of investment has Madrid attracted in the FinTech sector?
According to the report presented by AEFI and the City Council, the city of Madrid has attracted a total of 731 millones de euros in investment for FinTech and InsurTech companies in the period between 2019 and 2024.
What demands does the sector make to improve its competitiveness?
The sector, through the president of AEFI, is requesting more regulatory stabilitylegal certainty and access to "smart capital" to enable companies to grow and become "unicorns," a figure that Spain still lacks in this area.
What does the Paper on Digital Assets analyze?
The document, prepared in conjunction with finReg360 and Cecabank, analyzes the regulatory package Mica, its interaction with other regulations such as DORA and PSD3, and warns about the uneven application of these rules in different countries of the European Union.
