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FinQbit
Techstars '23Lublin, PL · Founded 2023 · 5 employees on LinkedIn · 2 known investors
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finQbit develops hybrid quantum-classical computing solutions for financial risk modeling, pricing, and large-scale simulations. The platform serves financial institutions seeking to enhance risk infrastructure and computational finance capabilities.
Also known as finQbit · FinQbit
Founders & leadership
FinQbit was founded in 2023 by Tomasz Cwik.
Investors · 2
How we know: the Techstars portfolio · open dataset · Top 3000 Accelerator Startups (no YC) 2026-08 · Not right? Tell us
Also in the syndicate · 1
Company profile
researched Sep 2026finQbit develops financial risk infrastructure that combines classical computing with quantum technologies. Its stated aim is to help financial institutions address risk modelling, pricing and large-scale simulation workloads, delivering performance improvements on currently available hardware while positioning clients to adopt quantum computing as it becomes commercially viable.
The company offers two main lines: the FinQbit platform, a quantum computing environment aimed at risk experts and quantitative analysts that abstracts away the underlying quantum complexity, and quantum R&D collaboration and support services for organisations exploring or extending quantum applications. Reported application areas include derivative pricing, interest-rate models and market risk calculation for banks, where more accurate risk estimation can reduce blocked capital, lower costs and speed up collateral valuation.
According to Creative Destruction Lab, the market risk modelling platform uses GPUs together with quantum computing so that quantitative analysts without quantum expertise can build models in a familiar way, and the company claims it can train risk models 10x faster than competitors.
Founding story
The company was founded in 2023 by Tomasz Ćwik and Rafał Pracht, who concluded that breakthrough solutions of this kind were difficult to build inside a large banking organisation and that other banks faced the same constraint. Both founders came from backgrounds in the financial sector; Ćwik led what is described as the first quantum team in the financial sector in CEE, and Pracht worked as a software architect in financial risk management at institutions including Moody's Analytics, Deloitte and BNP Paribas.
Business model
finQbit sells software and services to financial institutions: a proprietary platform (FinQbit) for risk and quantitative analytics teams, alongside quantum R&D collaboration and advisory support engagements. Reporting from September 2026 indicates the company had signed its first contracts and was generating initial revenue, while noting that deep-tech businesses often operate for years before meaningful sales.
Commercial sales of its risk-modelling platform and paid quantum R&D collaboration/support engagements with financial institutions; first contracts and first revenues reported as of September 2026.
Traction
Approximately a ten-person operating team, more than $2 million raised across funding rounds and competitions, first signed contracts and first revenues as of September 2026. The company presented its results to quantitative teams at JP Morgan, HSBC and ING and built a technology integration with ING. It completed the Creative Destruction Lab Quantum stream (2024/25 cohort) in Canada, finishing among the six startups reaching the final stage, and was selected for the European Innovation Council Pre-Accelerator programme. A further funding round of several million euros was reported as planned.
Latest developments
In September 2026, MB Speedup — the joint venture of Mediobanca and Founders Factory — invested in finQbit; the amount and stake were not disclosed. At the same time Zbigniew Jagiełło, former CEO of PKO Bank Polski and a participant in the creation of the Blik payment system, joined the company's advisory board as a strategic advisor. The company was reported to be preparing a further funding round of several million euros.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
An early-stage, sector-focused quantum software company in the financial risk niche. It positions its combination of financial risk domain knowledge with quantum engineering as a differentiator from academic spin-offs and from horizontal quantum platform providers serving many industries. Competition comes from established classical risk-modelling software vendors and from global financial institutions building in-house quantum teams.
Combining financial risk expertise with quantum software engineering, allowing the product to be shaped around banks' regulatory and operational requirements; a hybrid GPU-plus-quantum design usable by analysts without quantum expertise; and claimed 10x faster training of risk models relative to competitors.
Technology
A hybrid architecture that pairs currently available classical hardware, including GPUs, with algorithms designed for quantum computers. The platform targets market risk modelling, derivative and option pricing and interest-rate models, and is designed so quantitative analysts without quantum computing expertise can build models as they would on classical systems. The company positions the approach against traditional Monte Carlo simulation, which requires large and costly compute capacity, and states it can train risk models 10x faster than competitors. Job listings reference Julia (Genie), Python (Django), Pluto.jl/Jupyter notebooks and AWS or Google Cloud infrastructure.
Go-to-market
Direct engagement with banks' quantitative teams, supported by conference presentations, published research and accelerator networks. The company has presented results to the quantitative teams of JP Morgan, HSBC and ING, developed a technology integration with ING, presented at the J.P. Morgan Quantum Conference and at HSBC, published in Wilmott Magazine, and appeared at Money20/20 and on a fintech mission to the Netherlands and Luxembourg. Strategic advisors with banking backgrounds, including former PKO BP CEO Zbigniew Jagiełło, support commercialisation.
Banks and other financial institutions, specifically their quantitative analysis, derivative pricing and market risk management teams.
Geography
Headquartered in Poland, with Polish- and international-facing web presences (finqbit.tech, finqbit.pl). Activity spans Europe — engagements with UK, Dutch and Italian institutions and events in the Netherlands and Luxembourg — and Canada through the Creative Destruction Lab programme.
History
Founded in 2023, finQbit engaged with bank quantitative teams from 2024 onward, including participation in the ING Lion's Den risk modelling challenge (March 2024), the J.P. Morgan Quantum Conference and a Quant Finance Conference (2024). It took part in the Creative Destruction Lab Quantum stream in the 2024/25 cohort and was selected for the European Innovation Council Pre-Accelerator. In 2026 it presented "Derivative Pricing on Quantum Computers" at HSBC, published a further paper in Wilmott Magazine, and in September 2026 received an investment from MB Speedup, the Mediobanca–Founders Factory joint venture, alongside the appointment of former PKO Bank Polski CEO Zbigniew Jagiełło to its advisory board.
Risks & controversies
The technology remains at an experimental stage and requires integration with traditional IT infrastructure; revenue is described as only beginning, consistent with long deep-tech commercialisation cycles. The competitive environment includes established classical risk-modelling software vendors and in-house quantum teams at global financial institutions. Client testimonials on the company website are placeholder text.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 9
launches, deals, and filingsMB Speedup, the joint venture between Mediobanca and Founders Factory, invested in finQbit. The investment amount and the stake acquired were not disclosed.
Zbigniew Jagiełło, former CEO of PKO Bank Polski and a participant in the creation of the Blik instant payment system, joined finQbit's advisory board as a strategic advisor to support commercialisation of its quantum solutions for banking.
Company blog post announcing a presentation on derivative pricing on quantum computers delivered at HSBC.
Company blog post announcing a further finQbit paper in Wilmott Magazine.
finQbit was selected by the European Innovation Council for its Pre-Accelerator programme.
finQbit presented its results to the quantitative teams of JP Morgan, HSBC and ING, and developed an integration of its technology with ING.
finQbit completed the CDL Quantum programme in Canada (CDL-Global, 2024/25 cohort), placing among the six startups that reached the final stage.
finQbit was invited to the J.P. Morgan Quantum Conference, where CTO Rafał Pracht presented how quantum computing could be applied to option pricing.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 8
primary sources listed
- FinQbitfinqbit.tech · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does FinQbit do?
- Polish deep-tech company building hybrid quantum-classical risk modelling and derivative pricing software for banks.
- Who founded FinQbit?
- FinQbit was founded by Tomasz Cwik in 2023.
- Who are FinQbit's investors?
- FinQbit's investors include Techstars.
- Where is FinQbit headquartered?
- FinQbit is headquartered in Lublin, PL.