Global Fintech Revenues Surge 21% in 2024 Amid Emerging Profitability

The fintech sector is experiencing a significant resurgence in 2025, marked by increased IPO activity, robust revenue growth, and a shift toward profitability and maturity. Key players like Klarna and Circle are advancing their public offerings, signaling renewed investor confidence despite previous market challenges. Reports from Boston Consulting Group (BCG) and QED Investors highlight that fintech revenues surged by 21% in 2024, triple the growth rate of traditional financial services, with 69% of public fintech companies now profitable and EBITDA margins rising sharply. This growth is driven by scaled fintech firms concentrating in verticals such as payments, challenger banking, crypto trading, and BNPL lending, which together account for the majority of industry revenue. The Irish fintech ecosystem is also thriving, attracting nearly €1 billion in investments over five years and hosting numerous global financial firms, supported by a skilled workforce and strong regulatory frameworks. Overall, fintech firms are transitioning from a period of cautious recovery to an era characterized by scale, sustainable growth, and innovation, with agentic AI poised as the next major disruptor in the space.