The European landscape for young high-growth enterprises (Gazelles) in financial services, excluding insurance and pension funding, shows notable variability by country. In 2024, Italy leads with five firms, a significant year-on-year increase of 37.97% from 2023. Portugal follows with four, up 21.67%. Meanwhile, Hungary, Czech Republic, and Lithuania each maintain steady counts of two, showing no growth from last year. Romania and Slovakia, with one gazelle each, also show no year-on-year change. This period reveals moderate growth chiefly influenced by Italy and Portugal.
Future trends to watch include:
- Continued growth in Italy and Portugal, driven by favorable economic conditions and supportive government policies promoting innovation and entrepreneurship.
- Potential recovery or emerging growth in Hungary, Czech Republic, and Lithuania, though dependent on improving regional economic stability and access to venture capital.
- Romania and Slovakia may benefit from increased digital transformation initiatives to stimulate high-growth enterprises.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Financial Service Activities (Except Insurance and Pension Funding) by Country
| # | 7 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 5 | 2023 | -16.67% | +37.97% | View data |
| 2 | 2 Portugal | 4 | 2023 | 0% | +21.67% | View data |
| 3 | 3 Hungary | 2 | 2023 | 0% | 0% | View data |
| 4 | 4 Czech Republic | 2 | 2023 | 0% | 0% | View data |
| 5 | 5 Lithuania | 2 | 2023 | +100% | 0% | View data |
| 6 | 6 Romania | 1 | 2023 | 0% | 0% | View data |
| 7 | 7 Slovakia | 1 | 2023 | 0% | 0% | View data |
