The Hottest Startups in Lisbon in 2024

Two years ago, Jon Fath moved with his family to Portugal from the Netherlands with the sole purpose of launching a fintech startup there. "This country is brimming with talent and ambition," Fath says. "I thank Lisbon for welcoming me, along with so many other expats and entrepreneurs, so warmly." Indeed, it's no surprise that the European Commission named Lisbon as 2023's European Capital of Innovation, while the Financial Times, in partnership with Statista, ranked two Portuguese startup hubs in Europe's top ten startup hubs--including the Unicorn Factory Lisboa, which launched in 2022 and has already supported more than 820 startups and helped raise more than 1 billion ( 1.1 billion) . "Portugal offers unique advantages, such as its climate, safety, and cost of living, which make it an attractive choice over countries in central or northern Europe," says Nuno Pereira, CEO of Paynest.