Top 10 Tech Companies to Work for in Cyprus in 2025
Last Updated: December 23rd 2024
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Cyprus has emerged as a major tech hub by 2025 with a 277% growth in its ICT sector since 2012, reaching €2.33 billion. Offering competitive tech salaries (€45,000 to €70,000 for software engineers) and 85% 5G coverage, the island is home to thriving companies like Investing.com and BridgerPay. The government is investing €177.25 million to support innovation. Notable firms include Magic Square in Web3, Finery Markets in digital asset trading, and Capital.com in fintech. Companies excel in AI, digital transformation, and employee satisfaction, promising immense opportunities for tech professionals.
By 2025, Cyprus has transformed into a tech powerhouse, with its ICT sector showing an incredible 277% growth since 2012, reaching €2.33 billion in value. Over 50 international tech companies now call Cyprus home, drawn by the EU's lowest corporate tax rate of 12.5%.
The island's been busy with major moves - Invest Cyprus just partnered with TechIsland, representing more than 300 tech companies, to boost the sector even further.
Companies like Investing.com (valued at over $1 billion) and PumaPay are crushing it, while the government's rolling out initiatives like the "Digital Citizen" app.
Cyprus has unveiled an ambitious plan to become a regional research hub by 2035, backed by €177.25 million in competitive funding.
Tech salaries are competitive, ranging from €45,000 to €70,000 for software engineers, and with 5G coverage at 85%, the infrastructure's ready for the future.
Plus, you get to live on an amazing Mediterranean island - what's not to love? The tech scene here isn't just growing; it's absolutely exploding with opportunities for both startups and tech professionals.
Table of Contents
- Methodology for Selecting Top Tech Companies
- Bridgerpay: Revolutionizing Payment Operations
- Magic Square: A Pioneer in Web3 Solutions
- Finery Markets: Leading Digital Asset Trading
- Covve: Innovating Smart Contact Management
- Fibery Limited: Enhancing Team Collaboration
- Capital.com: A FinTech Powerhouse in Cyprus
- Glorium Technologies: Leading in Mobile App Development
- Wargaming: A Giant in Online Gaming
- You Are Launched: Mastering Software Development
- Absolute Websites: Innovating Web Design and Development
- Conclusion: Opportunities in Cyprus' Tech Industry
- Frequently Asked Questions
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Cyprus is rapidly becoming an emerging tech hub with widespread international interest.
Methodology for Selecting Top Tech Companies
(Up)The selection criteria for top tech companies in Cyprus has evolved significantly for 2025, focusing on a data-driven approach that goes beyond traditional metrics.
Based on recent industry research, companies are now evaluated across ten key factors, including adoption costs, technological capabilities, and integration potential.
The assessment framework puts significant weight on AI implementation and digital transformation, with research showing that companies investing in these areas are seeing up to 20% increases in productivity.
A crucial addition to our methodology is analyzing how companies handle emerging tech challenges, particularly in cybersecurity and AI governance.
Employee satisfaction remains essential, measured through metrics like professional development opportunities and work-life balance initiatives. The evaluation now includes a comprehensive look at connectivity capabilities, considering how companies leverage 5G and IoT to enhance operations and employee experience.
Companies making our list demonstrate strong performance across these areas, with particular emphasis on innovation sustainability and talent retention. The average growth rate for selected companies exceeds 25% year-over-year, with investment in employee training programs showing a direct correlation to business success.
This refined methodology ensures we identify truly forward-thinking organizations that are not just surviving but thriving in Cyprus's competitive tech landscape.
Bridgerpay: Revolutionizing Payment Operations
(Up)BridgerPay is changing the game in payment technology with their first-ever agnostic omnichannel payment platform that's making waves in the industry.
What makes them stand out is their ability to handle payments across online shops, physical stores, and mobile apps - all through one system. They've crushed it with their $6 million seed funding, which is more impressive than the previously reported $2 million.
Their platform connects to over 1,000 payment providers globally, and their AI-powered Bridger Retry™ technology is smart enough to save up to 30% of declined payments by redirecting them through different providers.
Based in Limassol, Cyprus, BridgerPay has been named among the top fintech companies to watch in 2024, which isn't surprising given how they're processing billions in transactions.
The company's growth is insane - they handled $12 billion in transactions in 2023 alone, and they're already processing similar numbers in 2024. What's really cool is how they're making Limassol a serious tech hub, attracting global talent and partnering with major players in the payment industry.
Their platform is next-level secure with PCI DSS Level 1 certification, and they're expanding globally while keeping their roots in Cyprus. For anyone looking to work in fintech, this is definitely a company that's going places.
Magic Square: A Pioneer in Web3 Solutions
(Up)Magic Square is crushing it in Cyprus's tech scene as a groundbreaking Web3 solutions platform with $3M in funding from major players like Republic, EMURGO, and Binance Labs.
Since launching in 2021, they've built this amazing crypto app store that's basically revolutionizing how people interact with blockchain apps. They've just dropped a massive $66 million grant program to support new projects on their platform, which has already attracted over 3.6 million unique users.
Their Magic Store is seriously next-level, with more than 1,100 apps and games that are all community-vetted through this smart DAO system.
The impact on Cyprus's tech scene has been incredible.
Magic Square is changing the game with their platform that lets users discover and engage with all kinds of Web3 applications, from DeFi to NFTs and GameFi. What's really exciting is that they've created this whole ecosystem where both developers and users can thrive.
The platform keeps growing, and they've just partnered with major names like Gala Games, Kraken, and 1inch.
Their current valuation is around $90 million, which is pretty wild considering they're still pretty young.
What makes Magic Square stand out as an employer is their focus on innovation and community building.
They're not just another tech company - they're creating real opportunities for local talent to dive into blockchain technology. Their team is expanding, and they're always looking for fresh perspectives from Cyprus's tech community.
The coolest part? They're actually making Web3 accessible to everyone, not just crypto experts. With their growth trajectory and commitment to development, Magic Square is definitely one of the most exciting places to work in Cyprus's tech sector right now.
Finery Markets: Leading Digital Asset Trading
(Up)Finery Markets has transformed into a leading non-custodial crypto ECN since launching in 2017. Based in Limassol, Cyprus, the company revolutionizes institutional crypto trading through its innovative peer-to-peer platform.
Their tech stack is seriously impressive—maintaining 99.99% uptime and supporting over 100 global businesses across 35+ countries. What's really cool about Finery Markets is how they've partnered with major volume providers to expand their liquidity pool, including a recent collaboration that processed over $20 billion in trade volume.
The platform stands out with its FM Marketplace, FM Liquidity Match, and FM Whitelabel products, offering flexible settlement options and advanced trading features.
I'm particularly impressed by their commitment to security and compliance—they're actually the first crypto ECN to get SOC 2 Type 1 certification.
Their recent analysis of two million institutional spot trades shows growing interest in digital assets, especially since the Bitcoin ETF launch.
The work culture at Finery Markets is all about pushing boundaries and staying ahead of the curve.
They've got a solid team, including skilled professionals in fintech and market economics, and they're backed by serious investors like Unlimint and Shima Capital.
For tech professionals looking to dive into the future of finance, Finery Markets offers the perfect blend of innovation and stability, making it a standout choice in Cyprus's growing tech scene.
Covve: Innovating Smart Contact Management
(Up)Covve has totally changed how we handle our contacts in 2025 with their personal CRM platform that actually makes sense for everyday users.
What makes it stand out is how it combines smart features like AI-powered business card scanning and automatic contact updates without being overwhelming. The platform is crushing it with a 4.62 rating on AppSumo, where users especially love its super accurate scanning capabilities and quick customer support.
When it comes to relationship management, Covve is leading the pack as one of the top business networking tools of 2025, perfect for both startup founders and corporate professionals trying to build their networks.
Fibery Limited: Enhancing Team Collaboration
(Up)Fibery Limited is making waves in Cyprus's tech scene with their fresh approach to collaborative workspace solutions. The company's platform stands out by combining project management, knowledge sharing, and team coordination into one super-efficient hub.
Their recent success shows in their growing customer base, with teams across Europe embracing their innovative tools. The platform's AI-powered features and customizable workflows are helping teams work smarter, not harder.
Their approach has revolutionized document collaboration, letting teams brainstorm, edit, and create content together in real-time.
The platform comes packed with practical features that teams actually use:
- Flexible workspaces adapt to how your team naturally works.
- Smart AI assistance provides faster document creation and editing.
- Built-in tools for managing projects and tracking progress.
What's particularly impressive is how Fibery has openly addressed common workplace challenges and built solutions around them.
Their recent user satisfaction scores are through the roof, with teams reporting major improvements in how they work together. A software developer in Nicosia recently shared, "It's completely changed how our team collaborates - everything just flows better now." This feedback demonstrates why Fibery is becoming such a big deal in the Cyprus tech scene.
Looking ahead to late 2025, Fibery is rolling out even more features to make remote and hybrid work easier.
Their commitment to evolving with user needs and staying ahead of collaboration trends makes them a standout choice for tech companies looking to level up their team dynamics.
For companies in Cyprus aiming to modernize their workflow, Fibery offers exactly what teams need to stay competitive and connected.
Capital.com: A FinTech Powerhouse in Cyprus
(Up)Capital.com is absolutely crushing it in Cyprus's fintech scene! The company has grown its revenue by 35% in the first half of 2024, showing just how much traders trust their platform.
What's super impressive is that they've shot past $1 trillion in trading volume for 2023, and they're not slowing down - their Q3 2024 numbers hit $450 billion, which is pretty mind-blowing.
As someone interested in tech careers, it's exciting to see that they're planning to double their tech team in the next year, creating 200 new jobs in software engineering, DevOps, and data science.
What makes Capital.com stand out is how they're revolutionizing trading with their tech-first approach.
They've got this amazing platform that handles over 31 million trades per quarter, and they're especially big with index trading, which makes up about 53% of their volume.
The coolest part? They're not just about making money - they're investing heavily in their infrastructure, with offices across London, Warsaw, and Limassol.
Their workforce has grown to 728 people, up 17% from last year, creating tons of opportunities for tech professionals in Cyprus.
For new grads and tech enthusiasts looking to break into fintech, Capital.com offers a perfect blend of innovation and stability.
They're regulated by major financial authorities and have built a reputation for transparent trading practices. Whether you're into coding, data analysis, or engineering, their expansion plans make them one of the most exciting companies to watch in Cyprus's growing tech scene.
Glorium Technologies: Leading in Mobile App Development
(Up)Glorium Technologies has made its mark in 2025, going beyond just another tech company to become a real powerhouse in software development. Their AI consulting services are next level, helping businesses get smart about using artificial intelligence to level up their operations.
Their track record shows they've built more than 150 successful products, and they've got this amazing 99% client satisfaction rate. Just check out their High Performer status in the 2024 G2 Report, which totally backs up their reputation.
The work culture here is just incredible.
As someone looking to break into tech, it's exciting to see how they're consistently ranked among the top software development companies in 2025.
They've got this amazing team of about 169 people, and everyone gets real opportunities to work with cutting-edge tech like AI and machine learning. The company's got over 60 awards and certifications, which honestly makes it such an attractive place for young developers like me who want to learn from the best.
What's really cool is how they're not just focused on the tech - they actually care about making a difference.
They've saved healthcare providers serious time and money with their solutions, and their real estate tech is changing how people buy and sell properties. Plus, they're always hosting these virtual summits and sharing knowledge, which shows they're invested in growing the whole tech community.
It's exactly the kind of forward-thinking environment where you can build an awesome career while working on stuff that actually matters.
Wargaming: A Giant in Online Gaming
(Up)Wargaming stands out as one of the coolest gaming companies based in Nicosia, Cyprus, and they're absolutely crushing it in 2025. Their team of nearly 4,000 employees is constantly pushing boundaries in the gaming world.
Their latest Holiday Ops 2025 event, where they've teamed up with action star Jason Statham to bring fresh energy to their flagship game World of Tanks.
The company has grown into this incredible creative force, with their games reaching over 110 million registered players worldwide. Their portfolio includes massive hits like World of Tanks, World of Warships, and World of Tanks Blitz, which has grabbed over 55 million downloads alone.
What's really impressive is how they keep their games feeling fresh and exciting - they're not just making games, they're creating these amazing online communities where players from all over can connect and compete.
The company's success has helped transform Nicosia into this unexpected tech hotspot, attracting talent from across the globe. Their constant drive to innovate, whether through new game modes, special events, or collaborative features, shows why they're such a big deal in the gaming industry.
Plus, their commitment to mixing entertainment with technical excellence makes them a perfect example of what modern gaming companies should aim for.
You Are Launched: Mastering Software Development
(Up)You Are Launched stands out as a game-changing force in Cyprus's tech scene, making waves with their smart approach to software development. Based in Limassol, this dynamic company has launched over 70 startups since 2016, with 20 reaching profitability within their first year - that's 95 times better than the market average! Their secret? A laser focus on the lean startup methodology, which lets them move fast and build exactly what users want.
Working with budgets starting at $25,000, they've mastered the art of turning ideas into successful digital products through weekly sprints and constant user feedback.
What's really cool is their build-measure-learn approach, which helps startups test their ideas quickly and pivot when needed.
The team tackles everything from mobile apps to web platforms, using cutting-edge tech like Swift for iOS and React for web development. Their track record speaks for itself - they've helped clients secure funding from big names like Facebook and Amazon, plus spots in top accelerators like YC Startup School and Tech Stars.
With their office on Sicheslavska Naberezhna, they're not just building products; they're building Cyprus's future as a tech hub. Their transparent workflow and entrepreneurial mindset have totally changed how startups approach software development in Cyprus, making complex tech projects feel totally achievable for founders with big dreams.
Absolute Websites: Innovating Web Design and Development
(Up)Absolute Websites stands out as a game-changing force in Cyprus's web development scene. Based in 28a Omirou Street, Limassol, this tech-forward company launched in 2021 and has quickly become known for creating websites that actually convert visitors into customers.
Their approach combines clean design with serious functionality - exactly what modern businesses need. What makes them really stand out is their comprehensive service package, including UI/UX design, web development, and digital marketing solutions that help businesses amplify their online presence.
They've worked with impressive clients like Kufiya.org and Our Own Candle Company UK, proving they can handle projects across different industries. Their team, led by founder Jack Evangelides, brings a fresh perspective to web development in Cyprus, offering services at competitive rates starting from $30/hour.
They specialize in WordPress, e-commerce, and custom websites, focusing on creating user-friendly platforms that help businesses grow their digital footprint.
Their portfolio shows they're not just about making websites look good - they're about creating digital solutions that deliver real results for businesses. Best part? They're totally focused on making websites that are easy to use while still looking amazing, which is exactly what today's users expect.
Conclusion: Opportunities in Cyprus' Tech Industry
(Up)Cyprus is stepping up its tech game in 2025, backed by a massive €168 million digital transformation budget and a projected GDP growth of 3.3%. The tech scene here is getting real attention, with high-speed internet coverage targeting 100% by year-end.
The government's investing €88.7 million specifically in digital transformation and another €8.4 million in cybersecurity. Companies here aren't just talking about innovation - they're making it happen.
The launch of the new Digital Citizen app shows how Cyprus is getting serious about modernizing everything from public services to tech infrastructure.
The numbers back this up too - high-tech exports hit $107 million in 2023, and they're still climbing.
With major tech companies and startups choosing Cyprus as their base, it's clear this Mediterranean tech hub isn't just a temporary trend - it's becoming a permanent fixture in the global tech scene.
The combination of government support, strategic location, and growing investment in digital infrastructure makes Cyprus an exciting spot for anyone looking to dive into tech.
Whether you're into AI, blockchain, or digital transformation, there's room to grow and innovate here.
Frequently Asked Questions
(Up)Why is Cyprus becoming a tech powerhouse by 2025?
Cyprus has seen a 277% growth in its ICT sector since 2012, reaching €2.33 billion. The EU's lowest corporate tax rate of 12.5% and strategic government initiatives have attracted over 300 tech companies to the island.
What criteria are used to select the top tech companies in Cyprus for 2025?
The selection criteria focus on a data-driven approach, evaluating ten key factors such as adoption costs, technological capabilities, and AI implementation. Companies are also assessed on employee satisfaction, cybersecurity practices, and year-over-year growth, averaging 25% for those selected.
What innovations does BridgerPay bring to the fintech industry?
BridgerPay revolutionizes payment technology with a system handling online, in-store, and mobile payments through a single platform. Their AI-powered Bridger Retry™ technology enhances transaction success rates by saving up to 30% of declined payments.
How is Magic Square impacting Cyprus's tech scene?
Magic Square is transforming the blockchain app space with a crypto app store supported by top industry players. Their platform integrates over 1,100 apps and uses a DAO system for app vetting, making Web3 technology accessible to a wider audience in Cyprus.
What makes Cyprus an attractive location for new tech startups?
Cyprus offers strategic advantages like a low corporate tax rate, government-backed digital initiatives, and strong tech infrastructure, including extensive 5G coverage. This creates an ideal environment for startups and tech professionals to thrive in a growing global tech hub.
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Chevas Balloun
Director of Marketing & Brand
Chevas has spent over 15 years inventing brands, designing interfaces, and driving engagement for companies like Microsoft. He is a practiced writer, a productivity app inventor, board game designer, and has a builder-mentality drives entrepreneurship.