Reykjavik Fintech Cluster

What Reykjavik Fintech Cluster does

Reykjavík Fintech (legal name Reykjavík Fintech ehf., operating also as Fjártækniklasinn) is a private Icelandic fintech industry cluster and innovation hub founded to strengthen innovation in financial services and improve the ease and quality of doing business across sectors. The organization operates as a member community connecting fintech startups, established financial and technology companies, and investors, and explicitly states it is not a venue for banks and other horizontally competing firms to coordinate. It runs an innovation center (nýsköpunarsetur) at Köllunarklettsvegur 1, 2nd floor, Reykjavík, in collaboration with Regus, providing coworking space and access to offices throughout the capital region and globally.

Its core "products" are non-software services: physical workspace, structured networking events (meetups, investor-startup sessions, company strategy meetings), participation in Nordic Fintech Week, advisory services (Ráðgjöf), and ecosystem mapping (Kortlagning). There is no proprietary software platform, API, or technology stack disclosed; the technology section in the source data explicitly notes this is not a technology product company, and the company has no mobile app, SDK, integrations, or AI capabilities of its own. Distribution is primarily physical and event-driven, supplemented by a website, Facebook, and LinkedIn presence.

The business model is membership- and event-driven, with workspace revenue flowing through the Regus partnership. Pricing is not publicly disclosed. The organization has two named leaders in the public materials — CEO Ásgeir Theodór Jóhannesson and Board Chairman Gunnlaugur Jónsson — and no disclosed institutional investors, parent company, funding rounds, or revenue figures.

Name

Reykjavik Fintech Cluster

Legal name

Reykjavík Fintech ehf.

Website

https://fjartaekniklasinn.is

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Reykjavík Fintech is an Icelandic fintech industry cluster and innovation hub that operates a coworking space in Reykjavík with Regus, hosts events and investor-startup meetups, and serves as a community connecting local fintech startups, established financial/tech companies, and investors.

Ownership category

akta.pro rank

Product category

Fintech Industry Association / Innovation Cluster

NAICS

Business Associations (81391)

SIC

Services-Social Services (8300)

akta.pro primary industry

Fintech & Payments Partner / ISO Referral Networks (FSAEAMAK)

Keywords

• Fintech cluster
• Innovation hub
• Industry association
• Coworking space
• Fintech ecosystem

Headquarters

HQ city

Reykjavík

HQ country

Iceland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Distribution channels3 records

Marketing channels5 records

Core offering

Reykjavik Fintech Cluster is a fintech industry association and innovation hub that operates a coworking-focused innovation center in collaboration with Regus in Reykjavik, Iceland. It provides member companies with networking events, startup presentations, investor introductions, mentorship, advisory services, and connections to international fintech clusters and partners. The organization is explicitly a community platform rather than a forum for direct competition between member financial institutions.

Product overview

Reykjavik Fintech (Fjártækniklasinn) is a fintech cluster and innovation hub, not a product company. It provides a community platform for fintech professionals and startups, operates an innovation center in partnership with Regus at Kollunarklettsvegur 1, organizes events and networking opportunities, and offers advisory services and mapping support. The organization connects companies, investors, and entrepreneurs to foster innovation in Iceland's fintech ecosystem.

Differentiator

Problem solved

Functional benefit

Products and services

• Membership (Aðild) Membership program for fintech companies, startups, and related organizations to participate in the cluster's activities, maintain visibility into Icelandic fintech developments, and forge collaboration with other members.
• Innovation Center and Coworking Space (Nýsköpunarsetur) Physical coworking space and innovation center operated in collaboration with Regus, providing startups and member companies with workspace at Köllunarklettsvegur 1, 2nd floor, Reykjavik, plus access to other offices in the metropolitan area and globally through Regus.
• Events and Networking (Viðburðir) Regular events covering various fintech topics, startup presentations, company strategy meetings, investor-startup meetups, and international events such as Nordic Fintech Week, designed to connect members with peers, partners, and investors.
• Advisory Services (Ráðgjöf) Advisory services offered by the cluster to support fintech companies and entrepreneurs, complementing the community and innovation center offerings.
• Mapping Services (Kortlagning) Mapping services supporting the fintech ecosystem, providing structured visibility into the Icelandic fintech landscape for members, partners, and external stakeholders.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• ReguscoreStrategic or Co-development PartnerReykjavik Fintech Cluster operates its innovation center in collaboration with Regus, providing flexible workspace solutions for startups and member companies. The partnership offers coworking facilities at the main location on Köllunarklettsvegur 1, as well as access to other offices throughout the Reykjavik metropolitan area and a global network of Regus facilities worldwide.

Recent moves5 records

Expansion highlights4 records

Direct peers

• Berlin FinTech Hub: German fintech community organizing meetups, events, and ecosystem programming. Comparable as a city-level fintech cluster focused on community building and connecting founders with investors and partners.
• Singapore FinTech Association: Singapore's national fintech industry body and ecosystem convener. Comparable as a membership-driven fintech association hosting events, networking, and ecosystem programming for startups, investors, and incumbents.
• Innovate Finance: UK-based independent industry membership association for global fintech. Comparable as a non-competitor fintech industry body that connects startups, investors, and incumbents through events, membership, and ecosystem programming.
• Level39: London-based fintech and tech accelerator operating workspace and innovation programs. Directly comparable as a fintech-focused coworking and accelerator hub serving startups and financial institutions.
• Swiss FinTech Innovations: Swiss fintech industry association and ecosystem builder. Comparable as a small-country fintech cluster that convenes startups, banks, and investors through events and ecosystem initiatives.
• Helsinki Fintech (Fintech Farm): Finnish fintech cluster and accelerator operating a coworking/innovation hub. Directly comparable in scale and Nordic-cluster model to Reykjavik Fintech Cluster.
• Copenhagen Fintech: Nordic fintech cluster and innovation hub based in Copenhagen. Direct comparable given shared mission of connecting startups, investors, and incumbents; explicitly referenced via Reykjavik Fintech Cluster's Nordic Fintech Week participation.
• Amsterdam FinTech: Dutch fintech community and cluster organizing events and ecosystem activities. Comparable as a European fintech hub/cluster connecting startups, investors, and financial institutions.
• Stockholm Fintech Hub / Swedish Fintech Association: Swedish fintech industry association and ecosystem builder. Closest Nordic peer with overlapping mandate of convening fintech startups, banks, and investors through events and ecosystem programs.

Emerging players

• Tribe Theory: Global fintech-focused accelerator and innovation hub. Comparable as an ecosystem player running workspace and programs for early-stage fintech startups, though operating outside Reykjavik's geography and with a more accelerator-led model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/reykjavikfintechcluster
• LinkedInlinkedin.com/company/the-fintech-cluster

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Reykjavik Fintech Cluster