As of the end of 2023, the Registrar of Companies listed 72 companies that engaged in activities related to FinTech. Compare that to 53 such registrants in 2022, 36 in 2021, and 23 in 2020. Today, Bermuda is home to 28 licensed FinTech companies, 24 of which are licensed under the Innovative Insurer General Business license [IIGB], Bermuda now counts 4 such companies on its shores.