The FinTech 50 2019:
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FRAlan
Digital Health Insurance
The FinTech 50:
Alan is a digital health insurance platform that revolutionizes health insurance by focusing on user experience with an excellent price-quality ratio health plan.
Alan started by creating a health insurance company for individuals and companies, that they can trust as a service and enjoy as an experience.
It is the first new independent insurance licensed in France since 1986 by the French Prudential Supervisory Authority (ACPR) and it has raised more than €86.5m with leading investors such as Index Ventures, DST Global, CNP Assurances, Partech, and Portag3 since its creation in 2016.
Company
Alan
Key people
Founders: Charles Gorintin, Jean-Charles Samuelian
Founded
2016
Funding
Total funding: $86.5M; Latest funding: €40M, Series B, Feb 2019 - Index Ventures
HQ
Paris, France
FRSector
Digital Health Insurance
Website
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DEArab
ESG investing / sustainability / machine learning / Big Data
The FinTech 50:
Provider of asset management services intended to make sustainable investments attractive and available to all investors. The company's services provide self-learning quant models and big data to assess the performance and sustainability of globally listed companies, enabling investors to make proper and informed investments.
Through machine learning and big data, Arabesque S-Ray systematically combines over 200 environmental, social, and governance (ESG) metrics with news signals from over 50,000 sources across 15 languages.
It is the first tool of its kind to rate companies on the normative principles of the United Nations Global Compact: Human Rights, Labor Rights, the Environment, and Anti-Corruption (GC Score).
Company
Arab
Key people
CEO: Andreas Feiner
Founded
2017
Funding
Total funding: $20M; Latest funding: $20M Series A, Jan 2019 - Allianz X, Land Hessen, Commerz Real AG and DWS Group
HQ
Frankfurt, Germany
DESector
ESG investing / sustainability / machine learning / Big Data
Website
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GBAzimo
Money transfer, Remittances, Financial inclusion
The FinTech 50:
Developer of an online platform designed to provide a better way to transfer money around the world.
Azimo is created with the explicit mission of cutting the costs of sending money home. Its international money transfer platform allows to send money either to a bank account or to over 270,000 cash pick-up points around the world and is accessible via mobile devices to send money to over 190 countries from any internet-connected device in a secure and efficient manner.
Company
Azimo
Key people
CEO: Richard Ambrose; Founder(s): Ricky Knox, Michael Kent, Marta Krupinska
Founded
2012
Funding
Total funding: $66M; Latest funding: $20M Series C May 2018
HQ
London, UK
GBSector
Money transfer, Remittances, Financial inclusion
Website
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NLBunq
Mobile banking
The FinTech 50:
Netherlands-based neobank, Bunq, developer of a banking system designed to offer a clean alternative to traditional banking.
Immediate access from a mobile device individuals can setup dedicated bank accounts, request their money back for something they paid upfront for and use one card for multiple bank accounts, enabling businesses to offer debit cards to their employees for them to make real-time payments or turn their smartphones into a mobile contactless payment terminal.
Bunq promotes itself as being “sustainable by default”, because they only invest ethically.
Company
Bunq
Key people
CEO & Founder: Ali Niknam
Founded
2013
Funding
Total funding: $44.9M; Latest funding: $10M Seed Round Dec 2018
HQ
Amsterdam, Netherlands
NLSector
Mobile banking
Website
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GBCalastone
Trading
The FinTech 50:
Calastone is an independent, cross-border transaction network for the mutual fund industry. The company is the largest global funds transaction network, connecting many of the world’s leading financial organisations.
Their mission is to make funds accessible to everyone by reducing the frictional cost of trading. They use smart technology solutions and industry collaboration to lower operational risk and enhance client profitability through digitisation and automation.
Over 1,700 customers in 40 countries and territories benefit from Calastone’s services, processing over 9 million messages and £170 billion of transactions each month.
Company
Calastone
Key people
CEO: Julien Hammerson; Founders: Kevin Lee, Ian Taylor, Philip Goffin
Founded
2011
Funding
Total funding: $22.8M; Latest funding: Venture October 2013
HQ
London, UK
GBSector
Trading
Website
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DKChainalysis
Blockchain, AML, bitcoin, trust
The FinTech 50:
Chainalysis designs and develops anti-money laundering software for Bitcoin businesses. Its products include REACTOR, an interactive and investigation tool that identifies offenders, visualizes data, and shares results with people and organizations, and API, a transaction based risk scoring solution that contains source and destination of funds to measure risk.
The company's software offers transfer of value over the Internet and new methods of data analysis, visualization and actionable intelligence to protect the integrity of cryptocurrency transactions, enabling financial institutions to interact with businesses that transact on the blockchain and meet compliance requirements.
Jan Moller, Jonathan Levin, and Michael Gronager founded Chainalysis in 2014. It has its headquarters in New York City with an additional office in Copenhagen in Denmark.
Company
Chainalysis
Key people
Founders: Jan Moller, Michael Gronager, Jonathan Levin
Founded
2014
Funding
Latest funding: Feb 2019 $30M / April 2019 $6M; Total funding: $53.6M
HQ
Copenhagen, Denmark
DKSector
Blockchain, AML, bitcoin, trust
Website
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GBClauseMatch
RegTech, Smart Document Management
The FinTech 50:
ClauseMatch is an award-winning financial technology company that provides a software-as-a-service platform for smart document management.
The company's platform applies machine learning to help compliance, legal, finance, operations and risk departments to automate impact assessments, streamline the implementation of regulatory change and to collaborate on thousands of documents across the entire organization, enabling companies to standardize and automate processes and workflows across teams, reduce costs, speed up implementation and demonstrate compliance.
They received $2.5 million of debt financing in the form of venture debt funding from Silicon Valley Bank on May 28, 2019. The funds will support the company's continued growth in Europe and Asia.
Company
ClauseMatch
Key people
CEO: Evgeny Likhoded; Founder: Evgeny Likhoded, Andrey Dokuchaev
Founded
2012
Funding
Latest Funding: $2.5M - Venture Debt, May 2019; Total Funding: $9.3M
HQ
London, UK
GBSector
RegTech, Smart Document Management
Website
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GBClearBank
Banking as a service, payment processing, core banking
The FinTech 50:
Operator of a clearing bank intended to facilitate a new level of open competition and transparency. The company's clearing banking system offers a core banking platform and helps in liquidity management and transaction analysis, enabling businesses and individual customers to move money between different accounts and clear cheques via any authorized UK payment system.
ClearBank received GBP 60 million of grant funding from Banking Competition Remedies on February 22, 2019.
Company
ClearBank
Key people
Executive Chairman / Founder: Nick Ogden; CEO: Charles McManus
Founded
2016
Funding
Total funding: $138m; Latest funding: $60m Grant, Feb 2019: Capability & Innovation Fund
HQ
London, UK
GBSector
Banking as a service, payment processing, core banking
Website
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GBClearmatics
Blockchain
The FinTech 50:
Clearmatics is developing next-generation clearing machines for financial OTC markets. Its blockchain platform brings together custodians and end-users on a single platform, where members can settle securities trades and automate the performance of derivatives and other financial contracts using Clearmatics’ Decentralised Clearing Network (DCN) technology.
Company
Clearmatics
Key people
CEO & Founder: Robert Sams
Founded
2015
Funding
Total funding: $13.3M; Latest funding: $12M, Series A - Oct 2018
HQ
London, UK
GBSector
Blockchain
Website
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GBClearscore
Credit Reporting, Financial Wellbeing
The FinTech 50:
ClearScore is one of the leading FinTech businesses in the UK. They want to help everyone make better financial decisions, starting with free access to their credit score and report. They have over 6 million users, are the UK’s no.1 credit checking service and are rapidly expanding.
The company's credit scores and reports help users to consolidate their personal debts and repay them via a low-interest, fixed-rate loan, enabling them to plan better for the future and make more informed and responsible decisions about how they manage their debt.
Company
Clearscore
Key people
Founders: Justin Basini (CEO), Dan Cobley, Nigel Morris
Founded
2014
Funding
Latest funding: Venture February 2017
HQ
London, UK
GBSector
Credit Reporting, Financial Wellbeing
Website
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GBCloudmargin
collateral management
The FinTech 50:
CloudMargin was formed in 2014, inspired by the power of new technology and driven by the belief that existing collateral management solutions were over-priced, inefficient, and inaccessible, the founders decided to change things for the better.
Their risk management system is an automated platform that offers real-time reports on all collateral positions, enabling financial institutions to meet time-critical regulatory deadlines and reduce costs associated with collateral requirements.
Company
Cloudmargin
Key people
CEO: Stuart Connolly
Founded
2014
Funding
Total funding: $10M; Latest funding: $10M, Venture round, April 2018 - LVC, Illuminate Financial, IHS Markit, Jefferies
HQ
London, UK
GBSector
collateral management
Website
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GBComply advantage
AML, Compliance, RegTech
The FinTech 50:
ComplyAdvantage provide data intelligence to help firms understand the risk of who they’re doing business with, while automating compliance and risk processes.
The company's platform provides real-time insights into the risk of companies globally and changes how companies assess who they're doing business with, while automating compliance and risk processes, enabling firms make intelligent risk decisions faster. ComplyAdvantage’s suite of plug-and-play configurable cloud services seamlessly integrate to help automate and comply with Sanctions, AML and CTF regulations.
Company
Comply advantage
Key people
CEO / Founder: Charles Delingpole
Founded
2014
Funding
Total funding: $38.2M; Latest funding: $30M, Series B, Jan 2019 - Index Ventures, Balderton Capital
HQ
London, UK
GBSector
AML, Compliance, RegTech
Website
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GBCuvva
Insurance
The FinTech 50:
Cuvva provides insurance services designed to connect customers directly with insurers. The company's services offer an application based, pay-as-you-drive and motor insurance platform offering comprehensive cover within minutes and 24/7 customer support, enabling users to use a new kind of insurance which is fast, easy and friendly.
The company raised GBP 15 million of Series A venture funding from LocalGlobe, Tekton Ventures and Seedcamp on December 3, 2019
Company
Cuvva
Key people
Founders: James Billingham, Freddy Macnamara (CEO)
Founded
2014
Funding
Total funding: $17.7M; Latest funding: $15M Series A Dec 2019 Local Globe, Tekton Ventures, Seedcamp
HQ
London, UK
GBSector
Insurance
Website
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GBCytora
Insurance, underwriting, AI
The FinTech 50:
Cytora founded in 2014 transforms underwriting for commercial insurance. The Cytora Risk Engine uses artificial intelligence to learn the patterns of different risks and loss outcomes over time and computes a rank, score and price for every property and organization, enabling insurers to target the most profitable risks, improve risk selection and pricing as well as deliver fairer prices to their customers.
The company raised GBP 25 million of Series B venture funding in a deal led by EQT Ventures on April 16, 2019. Parkwalk Advisors, Adfisco and Cambridge Innovation Capital also participated in the round.
Company
Cytora
Key people
Founders: Aeneas Wiener, Andrzej Czapiewski, Joshua Wallace, Richard Hartley
Founded
2019
Funding
Total funding: $41.4M; Latest funding: $25M, Series B, April 2019 - EQT Ventures, Cambridge Innovation Capital, Parkwalk Advisors
HQ
London, UK
GBSector
Insurance, underwriting, AI
Website
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GBEigen
AI / NLP / Qualitative Data
The FinTech 50:
Based in London and New York, Eigen is a research-led artificial intelligence company whose mission is to help individuals and organisations make the right decisions by unlocking the value of their qualitative data.
Eigen automates the extraction and classification of information from documents. Its simple, flexible Natural Language Processing (NLP) technology accurately extracts information from diverse types of documents at scale and can be integrated into clients’ workflows. The start-up uses state-of-the-art machine learning algorithms to recognize patterns in text and give accurate answers to unique questions. This enables clients to use data in new ways to make the right business decisions: driving down costs, finding opportunities, calculating risks, and meeting regulatory requirements. Clients include leading names in finance, law, and professional services.
Company
Eigen
Key people
Founders: Jonathan Feuer, Lewis Z Liu
Founded
2014
Funding
Total funding: $17.5M; Latest funding: $17.5M, Series A, Jun 2018 - Goldman Sachs, Principal Strategic Investments, Temasek
HQ
London, UK
GBSector
AI / NLP / Qualitative Data
Website
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GBEverledger
Blockchain
The FinTech 50:
Everledger is a global technology enterprise specializing in addressing real-world economic, environmental and societal challenges through their solutions that create ecosystems of trust.
The company's breakthrough solutions harness the latest in emerging technologies including smart contracts, machine vision, and IoT, together with their proven and scalable blockchain-enabled platform. They combine a rich forensic approach to identify and track asset provenance to provide confidence in the transparency driven across global supply chains.
The company raised $20 million of Series A venture funding in a deal led by Tencent Holdings on September 24, 2019.
Company
Everledger
Key people
CEO: Leanne Kemp
Founded
2015
Funding
Total funding: $30.4M; Latest funding: $20M Series A, September 2019
HQ
London, UK
GBSector
Blockchain
Website
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GBFarewill
Online wills
The FinTech 50:
Farewill is a digital, all-in-one financial and legal services platform for dealing with death. The company offers an online personalized will-writing, will management and probate services enabling clients to manage their wills online using simple and affordable digital tools through round-the-clock customer service operations.
The company raised GBP 7.68 million of Series A venture funding from dmg ventures, M&C Saatchi and Augmentum (London) on January 14, 2019, putting the company's pre-money valuation at GBP 11.74 million. It is backed by the founders of Zoopla and Wonga, along with Kindred Capital and M&C Saatchi.
Company
Farewill
Key people
Founders: Dan Garrett, Tom Rogers
Founded
2015
Funding
Total funding: £8M; Latest funding: £7.5M, Venture round, Jan 2019
HQ
London, UK
GBSector
Online wills
Website
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GBFeaturespace
Adaptive Behavioural Analytics
The FinTech 50:
Featurespace is the world-leader in Adaptive Behavioural Analytics and creator of the ARIC™ platform, a machine learning software system.
The ARIC™ platform uses anomaly detection to analyse complex behavioural data in real time, spotting anomalies to block new fraud attacks as they occur. At the same time, Featurespace recognises genuine customers without blocking their activity. ARIC™ reduces the number of genuine transactions incorrectly identified as fraud by over 70%, enabling businesses to accept more revenue.
Featurespace has deployed the ARIC™ platform to organisations that have services or products deployed in over 180 countries. Customers include Betfair, Vocalink/Zapp, Worldpay, and TSYS, the largest third-party processor of Visa® and MasterCard® credit cards in the U.S.
Company
Featurespace
Key people
CEO: Martina King; Founders: Bill Fitzgerald, David Excell
Founded
2012
Funding
Total funding: $71.2M; Recent funding: $32.6M Venture Jan 2019
HQ
London, UK
GBSector
Adaptive Behavioural Analytics
Website
Hall of Fame 2019:
Each year we invite our international panel to select The Fintech50 by secret ballot. These ten companies, presented here in order of ranking. secured the most votes in 2019. Congratulations to Onfido - this year’s top-ranked Fintech.
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FRAlan
Digital Health Insurance
The FinTech 50:
Alan is a digital health insurance platform that revolutionizes health insurance by focusing on user experience with an excellent price-quality ratio health plan.
Alan started by creating a health insurance company for individuals and companies, that they can trust as a service and enjoy as an experience.
It is the first new independent insurance licensed in France since 1986 by the French Prudential Supervisory Authority (ACPR) and it has raised more than €86.5m with leading investors such as Index Ventures, DST Global, CNP Assurances, Partech, and Portag3 since its creation in 2016.
Company
Alan
Key people
Founders: Charles Gorintin, Jean-Charles Samuelian
Founded
2016
Funding
Total funding: $86.5M; Latest funding: €40M, Series B, Feb 2019 - Index Ventures
HQ
Paris, France
FRSector
Digital Health Insurance
Website
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GBMonese
Digital Banking, Financial Inclusion
The FinTech 50:
Monese provides instant on-demand UK current accounts and European IBAN accounts in 20 countries regardless of the customer's citizenship.
Monese's breakthrough technology can validate the identity of customers in real time enabling customers to open an account in a matter of minutes, using a mobile app
Revolutionizing banking for expats, digital nomads and new residents as ‘residency restrictions’ imposed by traditional high street banks are one of the single greatest barriers to accessing the banking system when arriving in a new country.
Company
Monese
Key people
Founder/CEO: Norris Koppel
Founded
2013
Funding
Total Funding: $80.4M; Latest Funding: $2.5M, Venture round, June 2019 - Augmentum Fintech
HQ
London, UK
GBSector
Digital Banking, Financial Inclusion
Website
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GBMonzo
Digital Banking
The FinTech 50:
Monzo (previously Mondo), developers of a mobile banking application designed to offer banking services.
The company's application uses smartphone technology to update balances instantly, give intelligent notifications and track day-to-day financial transactions without any usage fees, enabling customers to get a graphical timeline of their overall expenditures and get control over their spending.
The company raised GBP 113 million of Series F venture funding in a deal led by Y Combinator on June 25, 2019. The funds will be used to start rolling out its products in the USA.
Company
Monzo
Key people
CEO: Tom Blomfield; Founders: Tom Blomfield, Gary Dolman, Paul Rippon, Jonas Huckestein, Jason Bates
Founded
2015
Funding
Total Funding: £324.7M; Latest Funding: £113M June 2019, Series F
HQ
London, UK
GBSector
Digital Banking
Website
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DEN26
Banking
The FinTech 50:
N26 offers mobile banking solutions to customers in the European Union through its subsidiary. It provides international money transfer, investment, overdraft, and cash withdrawal and deposit at stores.
The company's mobile banking services offers online banking that include making and handling of current accounts, fixed accounts and other banking services, enabling customers to manage and control their banking details via a smartphone application in a hassle free way.
The company raised $470 million of Series D2 venture funding in a deal led by Insight Partners on July 18, 2019.
Company
N26
Key people
CEO: Valentin Stalf; CEO N26 Bank: Markus Gunter; Founders: Valentin Stalf, Maximilian Tayenthal
Founded
2013
Funding
Total Funding: $682.8M; Latest Funding: $170M Series D, Jul 2019
HQ
Berlin, Germany
DESector
Banking
Website
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GBOakNorth
Lending / Debt Finance for fast-growth businesses
The FinTech 50:
OakNorth Bank is a UK bank for small and medium sized companies that provides business and property loans of £0.5-£50 million.
The bank invested in Bright Minds Daycare in December 2019, this investment was valued at £750K.
Company
OakNorth
Key people
Founders: Rishi Khosla (CEO), Joel Perlman
Founded
2015
Funding
Total Funding: $1Bn; Latest Funding: £440M, Venture Round, February 2019
HQ
London, UK
GBSector
Lending / Debt Finance for fast-growth businesses
Website
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GBOnfido
Compliance, Risk, Regulation
The FinTech 50:
Onfido, developer of a verification platform intended to automate the identity verification process.
Deploying AI and using Government IDs and facial biometrics to ensure that IDs are a genuine match with the users presenting them. Onfido powers over 1,500 fintech, banking and marketplace clients globally—helping them onboard more users while reducing risk.
The company raised GBP 65.19 million of Series C2 venture funding in a deal led by Salesforce Ventures and SBI Investment in April 2019.
The funds will be used to consolidate the company's core market in the USA, accelerate expansion into high-growth regions including Europe and South-East Asia, as well as advance product development.
Company
Onfido
Key people
CEO: Husayn Kassai; Founders: Husayn Kassai, Eamon Jubbawy, Ruhul Amin
Founded
2012
Funding
Latest Funding: $50M Series C, April 2019; Total Funding: $110.3M - Lead Investors: Augmentum, SoftBank
HQ
London, UK
GBSector
Compliance, Risk, Regulation
Website
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DERaisin
Savings, Investment marketplace
The FinTech 50:
Raisan is a financial marketplace that provides customers with access to the profitable deposit rates across Europe.
The companys platform allows users the option to choose savings and investments products, ranging from overnight flexible savings to long-term deposits and other offers from dozens of institutions across Europe, enabling individuals and businesses to earn higher returns by depositing money in different countries with higher interest rates.
Company
Raisin
Key people
CEO: Tamaz Georgadze; Founders: Tamaz Georgadze, Frank Freund, Michael Stephan
Founded
2013
Funding
Total Funding: $206M; Latest Funding: $28M, Venture Round - July 2019, Goldman Sachs
HQ
Berlin, Germany
DESector
Savings, Investment marketplace
Website
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GBRevolut
Digital Banking, peer to peer payments, currency exchange
The FinTech 50:
Revolut is digital banking application designed to help in global money transfer.
The application compares live exchange rates for multiple currencies and makes transfers directly to other's bank accounts, as well as helps its users to track and optimize their monthly expenses, buy and sell crypto currencies, enabling consumers to send, spend and exchange money instantly across a secured environment.
Previously, the company raised $250 million of Series C venture funding in a deal led by DST Global in April 2018, putting the company's pre-money valuation at $1.45 billion.
Company
Revolut
Key people
Founders: Nikolay Storonsky (CEO), Vlad Yatsenko
Founded
2015
Funding
Total Funding: $336.4M; Latest Funding: Venture round, March 2019
HQ
London, UK
GBSector
Digital Banking, peer to peer payments, currency exchange
Website
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DEsolarisBank
Open Banking, API Accessible banking platform
The FinTech 50:
SolarisBank is the first banking-as-a-service platform with a full banking license, which enables companies to offer their own financial products.
The company's platform uses blockchain technology and provides an easy-to-integrate customizable platform for digital banking, card-based payment aggregation, consumer lending, SME lending, payments automation, virtual payments and KYC document verification, enabling businesses to create and customized their own digital banking portal for facilitating cashless and online mode of payments and customer engagement.
Company
solarisBank
Key people
CEO: Roland Folz; Founders: Andreas Bittner, Marko Wenthin
Founded
2016
Funding
Total funding: €95.1M; Latest funding: €56M Series B March 2018, Lead Investors: BBVA, SBI Group
HQ
Berlin, Germany
DESector
Open Banking, API Accessible banking platform
Website
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SETink
Open Banking
The FinTech 50:
Tink is a cloud-based platform that provides the infrastructure and data products that are enabling the future of financial services.
The company offer products such as Account Aggregation, Payment Initiation, Data Enrichment and Personal Finance Management that can be used to develop standalone services or be integrated into existing banking applications. Its partners include ABN AMRO, BNP Paribas Fortis, Nordea, Klarna and SEB.
In June 2019, Tink received $11.3m strategic investment from PayPal to continue its expansion across Europe.
Today, Tink has more than 250 employees globally and is Europe’s leading open banking platform, enabling customers to connect to more than 2,500 banks in 14 markets including the UK, Sweden, France, Germany, and the Netherlands.
Company
Tink
Key people
Founder(s): Daniel Kjellén (CEO), Fredrik Hedberg
Founded
2012
Funding
Total investment: $90.5M
Latest investment: May 2019 $11.3M Corporate Round - Paypal VenturesHQ
Stockholm, Sweden
SESector
Open Banking
Website
The Hot 10 2019:
We launched our companion list, The Hot Ten, in 2015 to recognise ten exceptional innovators in earlier stage Fintechs. Based in Switzerland, Denmark, The UK (Manchester and London), Luxembourg, The Netherlands, Germany and Israel, this year’s Hot Ten are bringing innovation to core banking, regulation, digital cash, open banking, debt management, crop insurance in emerging markets and the circular economy.
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CHApiax logo oxford blue R
Regtech, Compliance, Machine Learning
The FinTech 50:
Apiax enables financial institutions to map existing regulatory requirements and quickly adjust changing licensing regimes for different legal entities. The uncertainties surrounding Brexit are increasing the need for efficient compliance solutions and Apiax believes it is well equipped to meet these challenges, as its solution enables financial institutions to map existing regulatory requirements and quickly adjust changing licensing regimes for different legal entities.
In March 2019, Apiax opened in London and hired former Financial Conduct Authority (FCA) expert on RegTech, Alan Blanchard. In May, Apiax joined the third cohort of Allen & Overy’s fuse accelerator to kickstart its business activities in the UK.
The Regtech was named early stage startup of the year at the Swiss FinTech Awards 2019.
Former UBS Chairman Peter Kurer acts as an investor and advisor to the firm.
Company
Apiax logo oxford blue R
Key people
Founders: Nicolas Blanchard, Philip Schoch, Ralf Huber, Thomas Suter
Founded
2017
Funding
Last funding: $1.5M seed - Sept 2017
HQ
Zürich, Switzerland
CHSector
Regtech, Compliance, Machine Learning
Website
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DKARYZE
Cryptocurrencies, Blockchain, Payments, Digital Cash
The FinTech 50:
Denmark'‘s ARYZE want to solve the UN’s Sustainable Development Goal Number 10 by lowering the global average cost of sending money abroad from 7.2 per cent to 3 per cent.
Their vision is to create a global infrastructure for e-money with prices fixed to its traditional counterparts
Backed by 283 investors from 15 different countries in a private token sale, ARYZE is a team of entrepreneurs, former bankers, marketing specialists and developers based in Copenhagen, Denmark. They bridge the gap between conventional money and digital currencies by creating a true digital representation of cash. ARYZE aims to provide payment infrastructure that enables individuals, businesses, and IOT devices to make instant payments globally in a modular ecosystem.
Built on distributed ledger technology, ARYZE features include:
- Zero transaction fees, and affordable currency exchange services
- Programmable money transfers, enabled by Smart contracts
- Digital Cash backed by government risk
- Enabling global commerce with an extensive financial solution designed for businesses
- Consumer app with support for crypto and FIAT currencies
Company
ARYZE
Key people
Founders: Jack Nikogosian (CEO), Morten Nielsen, Carl Jenster
Founded
2017
Funding
Last funding: ICO $1.6M; Total funding: $1.6M
HQ
Copenhagen, Denmark
DKSector
Cryptocurrencies, Blockchain, Payments, Digital Cash
Website
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GBBankifi
Open banking, payments
The FinTech 50:
Founded and advised by highly experienced industry ‘names’, BankiFi enables banks to go ‘beyond an open experience’ promise with relevant offerings to their client base in terms of time, location and context. Its data-driven distributed banking model allows financial service providers to manage, consume, distribute and monetise data through a suite of API driven micro services.
BankiFi and its solutions (ConsentBox, PocketTreasurer, PocketCollector, and PocketConsent) are offered as a managed service that can run either in a private or public cloud. This set of consumable services has been designed to store as little data as possible outside the bank environment. BankiFi combines the core strength of the bank – customer relationships and a regulated environment – with the fast, agile development skills of a robust FinTech partner.
This combination is a win on three counts: the bank gets new net income and offers its customers a relevant business experience, reduced risk and lower cost of R&D and integration. The FinTech community get an amazing developer experience and avoid the complexity of dealing with consent in their apps and thirdly the empowered customer has access to relevant services and full data control.
Bankifi operates out of the UK (Manchester) and the Netherlands (Amsterdam).
Company
Bankifi
Key people
Founders: Conny Dorrestijn, Mark Hartley - Advisor David Birch
Founded
2017
Funding
Last funding: self-funded with additional resources from thestartupfactory
HQ
Manchester, UK
GBSector
Open banking, payments
Website
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GBFoundry Logo Square png
Digital modular banking
The FinTech 50:
Created by challenger consultancy 11:FS, Foundry is a complete banking architecture that offers a modular, ledger-first set of components to deliver secure, digitally-native propositions quickly and to scale.
In October 2018, Norwegian bank DNB took 5% stake for $3M and increased its investment in June 2019.
11:FS Foundry aims to bring digital, personalised services and experiences to market far faster than traditional methods and at significantly less cost. It uses cloud-based technology and a modular approach, allowing customers to deploy an entire banking stack, or select services, depending on their strategy.
Foundry also claims to improve service development efficiency and deliver a lower total cost of ownership for digital services. It offers a higher level of IT security, based on a “zero-trust security” model, built to be encrypted and GDPR compliant.
Banks that have already invested in banking systems, or cannot easily build on their underlying infrastructure, can also use 11:FS Foundry to launch new digital offerings in a gradual and modular way.
Company
Foundry Logo Square png
Key people
CEO: Dr Leda Glyptis
Founded
2017
Funding
Funding: $3M (DNB)
HQ
London, UK
GBSector
Digital modular banking
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GBGardenia Technologies
Supply Chain Finance
The FinTech 50:
Winner of this year’s NadiFin Accelerator, Gardenia Technologies improves companies' bottom-line and profitability through the use of proprietary advanced analytics and systematic working capital finance solutions.
Gardenia’s fully systematic, automated data-driven solutions provide finance along the entire supply chain lifecycle - and algorythms analyse transactional data to assess the actual risk in payments and underwrite financing decisions.
In July 2019, Gardenia Technologies was voted by its cohort peers as the winner of the 2019 NadiFin Acceleration Program, paving the way for a €100,000 investment from MiddleGame Ventures.
Company
Gardenia Technologies
Key people
Founders: Jonathan Schneider, Rupert Schneider
Founded
2016
Funding
Last funding: €100k; Total funding: €100k - awarded by NadiFin Accelerator, Luxembourg
HQ
London, UK
GBSector
Supply Chain Finance
Website
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GBGlobechain primary logo transparent
Circular economy, ESG data
The FinTech 50:
Globechain is a reuse marketplace that connects corporates to charities, smes and people to redistribute unneeded items, generating ESG data. Sectors Globechain focuses on include banking, retail and the construction industry. In 2013 May Al-Karooni set up Globechain after seeing a demand for a new online circular economy within the waste management industry after her own bank employer expressed a need to reuse items in a more collaborative way.
Globechain has over 10,000 members working with some of the world’s largest brands as well as growing a large network of charities nationally and internationally. Last year 5,100,000 kilos were diverted from landfill items being re distributed within the UK as well West Africa and Ukraine providing savings of over £2,000,000 to charitable causes.
Company
Globechain primary logo transparent
Key people
CEO & Founder: May Al-Karooni
Founded
2017
Funding
Last funding: $725k seed - April 2019
HQ
London, UK
GBSector
Circular economy, ESG data
Website
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DENeufund logo
Blockchain, Tokenized equity, Open-source protocols, Security tokens
The FinTech 50:
Neufund’s mission is “enabling ownership for all” through making ownership more transparent, accessible and efficient. The Berlin start-up’s source set of protocols for enhanced ownership allows anyone to give real-world assets a representation on the Ethereum Blockchain in form of legally-binding security tokens.
The first application of the company’s tech and legal architecture are “Equity Tokens” which enable companies to conduct regulated offerings on Blockchain. Neufund advises governments on DLT regulation, supports open-source dev projects and educates financial communities around the world. Neufund’s mission is “Enabling ownership for all” through making ownership more transparent, accessible and efficient.
In December 2018 Neufund closed its first Equity Token Offering, becoming the world’s first issuance platform to host an offering of tokenized equity on Blockchain available to general public.
Company
Neufund logo
Key people
Founders: Zoe Adamovicz, Marcin Rudolf
Founded
2016
Funding
Total funding: €15M; Last funding: €3M ICO - Dec 2018
HQ
Berlin, Germany
DESector
Blockchain, Tokenized equity, Open-source protocols, Security tokens
Website
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ILOKO logo final 2500
Agritech, Insurance, Farmers, Emerging Markets, Weather, Micro Credit
The FinTech 50:
OKO creates and distributes crop insurance to smallholder farmers in emerging countries, helping them to secure their income. The service is accessible to anyone with a phone, and automates claim verification using satellite data and images.
In addition to insurance, farmers can benefit from weather alerts, farming tips and access to affordable micro-credit.
With 500 million unbanked smallholder farmers in the world, the market is worth $7.5 billion globally and it is growing at a rate of 20% per year.
Company
OKO logo final 2500
Key people
Founders: Simon Schwall
Founded
2017
Funding
Total funding: USD 225k from private investors (Barclays, Techstars, RaSa Future Fund and ImpactAssets) / USD 365k in grants / USD 90 as a loan
HQ
Tel Aviv, Israel
ILSector
Agritech, Insurance, Farmers, Emerging Markets, Weather, Micro Credit
Website
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GBSwoop
Funding
The FinTech 50:
Founded by Andrea Reynolds and Ciaran Burke, Swoop acts as a virtual CFO for SMEs, supporting them through the funding, saving and financial advice landscapes.
Swoop’s matching algorithm connects SMEs to suitable and viable options. Customers have their own financial dashboard to keep up to date on their financial and liquidity metrics and Swoop alerts them when they become eligible for new funds. Swoop commits to reducing the funding disparity between London and the rest of the UK, particularly for equity finance.
In June 2019, following an initial investment by Enterprise Ireland and NESTA (€1.5M), Swoop was awarded €5.6 million by the UK Banking Competition Remedies (BCR) – an independent body working on behalf of Royal Bank of Scotland (RBS). BCR aims to ensure RBS is continually promoting competition within banking, and fair access for SMEs to the banking services market, with funds becoming available when an alternative body can better deliver this goal...
At present, Swoop boasts over 1,000 funding providers on its active database, and has committed to onboarding 540,000 SMEs, approximately 15% of the business current account market.Company
Swoop
Key people
Founders: Andrea Reynolds, Ciaran Burke
Founded
2017
Funding
Last funding: $5M Capability & Innovation Fund; Total funding: $6.5M - investors include Enterprise Ireland / NESTA
HQ
London, UK
GBSector
Funding
Website
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GBTully logo
Financial wellbeing, Financial education, consumer debt
The FinTech 50:
Tully launched in April 2019 to help the UK’s consumer debt problem: specifically the 23 million people in who are worried about money. Tully uses Open Banking technology to give people a fast, accurate, realistic picture of their financial position in minutes – all done online and completely free.
Every user receives a personalised financial plan, tailored advice and the option to choose a flexible debt repayment plan that adjusts to the user’s financial situation every month.
Following a successful trial with E.ON Tully is rolling out across the business and is in the process of onboarding with HSBC, Monzo and Clearscore (amongst others). Earlier this year, Tully was selected by Nationwide as part of their Open Banking for Good programme.
Company
Tully logo
Key people
Founders: Stuart Bangay, Steve Bradford
Founded
2018
Funding
Last funding: Jan 2019 - Seed
HQ
Nottingham, UK
GBSector
Financial wellbeing, Financial education, consumer debt
Website