There were more than 100 the Czech FinTech companies operating in the Czech Republic when this report was prepared, active across a number of regulated and unregulated sectors of activity. The most represented areas in terms of number of companies are accounting, payments, savings and personal finance, P2P lending and investment crowdfunding. Many Czech FinTechs provide services similar to other globally successful FinTechs (e.g., “buy now, pay later”) services. Czech FinTechs operate in a domestic financial services market which is heavily dominated by banks. Banking sector assets comprise 85% of the total assets of the domestic (regulated) financial system, while 64% of Czech citizens’ assets lie in bank deposits (as of March 2022).