The FinTech50  |  The Fintechs

Selected from over 2000 plus companies across Europe by some of the biggest names in FinTech. Meet The FinTech50

The FinTech 50

The FinTech 50 2020:

  • Alan

    FR

    Alan

    Digital Health Insurance

    The FinTech 50:

    Alan

    Alan is a provider of an online digital insurance service intended to unlock frictionless, fair, and friendly healthcare for everyone. The company's service offers simple and seamless insurance coverage with reimbursements, easy claim handling, and gives users access to medical professionals, both through in-person appointments and by video calls, enabling users to easily and conveniently get medical advice and manage their claims and reimbursements.

    Company

    Alan

    Key people

    Founders: Charles Gorintin, Jean-Charles Samuelian

    Founded

    2016

    Funding

    Total funding £268.2m Post Money valuation £1.2Bn April 2021
    Most Recent Financing Status (as of 22-Apr-2021)
    The company raised EUR 185 million of Series D venture funding in a deal led by Coatue Management on April 19, 2021. Dragoneer Investment Group, Exor, Ribbit Capital, Index Ventures, and Temasek Holdings also participated in the round. The funds will be used to fuel the recruitment efforts of an additional 400 staff and reach 1 million members in Europe by 2023. Also, Undisclosed investors sold a stake in the company for EUR 35 million on April 19, 2021. Previously, the company raised EUR 50 million through the combination of debt and Series C venture funding in a deal led by Temasek Holdings on April 20, 2020.

    Index Ventures and other undisclosed investors also participated in the round. The funds will be used to push its growth via 4 main avenues: offering better health insurance coverage to its members; digitizing healthcare for companies; becoming the leading app for instant health info; and, expanding internationally (following the opening of two new offices in Spain and Belgium this summer, Alan aims to expand in most European countries over the next 5 years).

    HQ

    Paris, France
    FR

    Sector

    Digital Health Insurance

    Website

    alan.com

  • Anyfin

    SE

    Anyfin

    Lending

    The FinTech 50:

    Anyfin

    Anyfin is on a self-described mission to improve the financial well-being of Europeans and “put them back in control of their finances.” It does this through a digital lending platform focused on refinancing. The idea is to make it easier to competitively refinance (or consolidate) loans and credit cards and therefore not get ripped off with high interest rates or compound interest.

    Company

    Anyfin

    Key people

    Founders: Mikael Hussain Filip Polhem

    Founded

    2017

    Funding

    Total funding todate £35.6m as of June 2021
    Most Recent Financing Status (as of 15-Jun-2021)
    The company raised EUR 27.6 million of Series B venture funding in a deal led by EQT Ventures on May 13, 2020. Accel, Northzone Ventures, Global Founders Capital, FinTech Collective and Mikael Ingelson also participated in the round. The company will use the funding to drive product innovation, launch additional offerings and scale into new European markets.

    HQ

    Stockholm, Sweden
    SE

    Sector

    Lending

  • Apiax

    CH

    Apiax

    RegTech

    The FinTech 50:

    Apiax

    Developer of an online financial platform intended to transform complex regulations into easy-to-use digital compliance rules. The company's platform is based on a lean and high-performance architecture and uses machine learning to transform complex regulations into digital regulatory rules and to manage regulations in a digital way, enabling financial organizations to get better API experience and manage regulations digitally.

    Company

    Apiax

    Key people

    Founder: Ralph Huber

    Founded

    2019

    Funding

    Total Raised: £9.31m June 2021
    Most Recent Financing Status (as of 18-Mar-2021)
    The company raised CHF 3.6 million of venture funding from Zürcher Kantonalbank, Futury Regio Growth Fund and Diventures Management on March 3, 2021, putting the company's pre-money valuation at CHF 24.94 million. e.ventures, Siparex XAnge Venture, Tugboat, Swiss ICT Investor Club and Peter Kurer also participated in the round. The funds will be used to further accelerate its growth plans.

    HQ

    Zürich, Switzerland
    CH

    Sector

    RegTech

    Website

    apiax.com

  • AQMetrics

    IE

    AQMetrics

    RegTech

    The FinTech 50:

    AQMetrics

    AQMetrics provides integrated capital markets surveillance and compliance solutions to alternative investment management and broker/dealer companies. Through its suite of cloud based solutions, AQMetrics supports a full range of global regulatory reporting for recent and emerging directives including MAD II, MiFID II and the AIFM Directive. The firm also provides a complete reporting solution that enables risk aggregation and is based on OPERA. AQMetrics proprietary risk analytics empowers the automation of traditionally resource-intensive and error-prone processes to ensure intuitive, fast, and cost effective electronic compliance risk management, regulatory reporting and document management.

    In January, the Maynooth based RegTech announced it was looking to double headcount and open an office in mainland Europe on the back of a number of recent big contract wins.

    Company

    AQMetrics

    Key people

    CEO & Founder: Geraldine Gibson

    Founded

    2012

    Funding

    Total funding: £5.8m
    Most Recent Financing Status
    (as of 20-Dec-2018)
    The company raised EUR 3 million of venture funding from Bluff Point Associates, ACT Venture Capital and Frontline Ventures on December 7, 2018. The funds will be used to help financial firms keep up with regulations.

    HQ

    Kildare, Ireland
    IE

    Sector

    RegTech

    Website

    aqmetrics.com

  • Archax

    GB

    Archax

    Trading

    The FinTech 50:

    Archax

    Provider of institutional-grade exchange services intended to facilitate the trading of cryptocurrencies or digital assets. The company offers a credible bridge between the new blockchain-centric tech community and the traditional investment space and empower institutions with safe trading in safe digital assets with other known safe participants in a safe jurisdiction that they desire, enabling institutions to trade in cryptocurrencies and all other digital assets.


    Company

    Archax

    Key people

    Founders: Graham Rodford, Matthew Pollard, Andrew Flatt

    Founded

    2019

    Funding

    Total funding to date £6.02m June 2021
    Most Recent Financing Status (as of 04-May-2021)
    The company raised $7.77 million of seed funding in a deal led by SPiCE VC on October 15, 2020, putting the company's pre-money valuation at $20.46 million. Hudson Capital Group, 7percent Ventures, and other investors also participated in the round. The funding raised will be used to meet our regulatory capital requirements to launch.

    HQ

    London, UK
    GB

    Sector

    Trading

    Website

    archax.com

  • Bunq

    NL

    Bunq

    Mobile banking

    The FinTech 50:

    Bunq

    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 raised to date £175.5m as of June 2021 post money valuation £1.42Bn
    Most Recent Financing Status
    (as of 17-Jun-2021)
    The company received EUR 160 million of development capital from undisclosed investors on June 17, 2021. The transaction values the company at EUR 1.65 billion.

    HQ

    Amsterdam, Netherlands
    NL

    Sector

    Mobile banking

    Website

    bunq.com

  • BUX

    NL

    BUX

    Trading

    The FinTech 50:

    BUX

    Operator of a fintech firm intended to offer a multitude of retail investment applications. The company's applications offer mobile zero-commission stock and ETFs investing platform, a mobile speculative derivatives trading platform and a platform where people can invest in real cryptocurrencies, enabling users to invest in the financial markets in a more accessible, intuitive and affordable manner.


    Company

    BUX

    Key people

    CEO: Nick Bortot; Founder(s): Nick Bortot, Robbert Bos, Joost van de Wijgerd, Egbert Pronk

    Founded

    2013

    Funding

    Most Recent Financing Status (as of 24-Jun-2021)
    The company raised $80 million of Series C venture funding in a deal led by Prosus Ventures and Tencent Holdings on April 22, 2021. Endeit Capital, S7V, and 5 other investors also participated in the round.
    The company will use the funding to promote international expansion, accelerate the European expansion of BUX Zero, the broker's investment app, continue its role of innovative pioneer by shaping the future of European investments with new functions, further accelerate its roll-out of zero commission investing across Europe and accelerates its a vision to become the leading destination for Europeans who want to do more with their money.

    HQ

    Amsterdam, Netherlands
    NL

    Sector

    Trading

    Website

    getbux.com

  • Clark

    DE

    Clark

    Insurance

    The FinTech 50:

    Clark

    Insurance-robo-advisor Clark closed the largest Series B financing of any European InsurTech to date in April, led by FinTech investor Portag3 Ventures and transatlantic fund White Star Capital.

    Clark enables end customers to manage their insurance portfolios digitally and transparently via their smartphone or computer. Utilizing its innovative robo-technology, customers receive an assessment of their contracts as well as personalized insurance optimizations. Leading digital banks, like N26 and DKB, have also realized the potential of this InsurTech. Over 10 million bank customers in Germany now have access to the digital insurance services of Clark via partnerships. Since its founding in July 2015, Clark has become one of the largest digital insurance players in Europe.

    Company

    Clark

    Key people

    CEO: Dr Christopher Oster; Founders: Dr Christopher Oster, Dr Marco Addelt, Steffen Glomb

    Founded

    2015

    Funding

    Total Funding: £94.07M as of June 2021
    Latest Funding: Most Recent Financing Status (as of 25-Mar-2021)
    TA Ventures sold a stake in the company to an undisclosed buyer. Previously, The company raised EUR 69 million of Series C venture funding in a deal led by Tencent Holdings on December 25, 2020. Yabeo Capital, Portag3 Ventures and White Star Capital also participated in the round. The funds will be used to continue growing the company's product and services into 2021.

    HQ

    Berlin, Germany
    DE

    Sector

    Insurance

    Website

    clark.de/de

  • ClearBank

    GB

    ClearBank

    Banking as a service, payment processing, core banking

    The FinTech 50:

    ClearBank

    ClearBank is a next generation UK clearing and agency banking platform built with the customer in mind. The Company’s innovative platform serves FinTech businesses and banks, and offers the UK banking industry’s first and only real-time, straight-through clearing capability.

    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.

    Company

    ClearBank

    Key people

    Executive Chairman / Founder: Nick Ogden; CEO: Charles McManus

    Founded

    2016

    Funding

    Total funding: £154.9M with a post money valuation £342.32m as of March 2021
    Most Recent Financing Status (as of 28-May-2021)
    The company raised GBP 18.00 million of venture funding from undisclosed investors on March 29, 2021, putting the company's pre-money valuation at GBP 324.32 million.

    Investors include Northern Private Capital based in Toronto.

    HQ

    London, UK
    GB

    Sector

    Banking as a service, payment processing, core banking

    Website

    clear.bank/home

  • Clearscore

    GB

    Clearscore

    Credit Reporting

    The FinTech 50:

    Clearscore

    Provider of free access to credit scores and reports intended to help users achieve greater financial well-being.

    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 users to plan 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

    Total raised to date £154M with a post money valuation £503m as of June 2021
    Most Recent Financing Status(as of 28-Jun-2021)
    The company raised GBP 144 million of venture funding from Invus Opportunities on June 25, 2021, putting the company's pre-money valuation at GBP 359 million. The funds will be used to expand ClearScore's workforce, product portfolio and customer base.

    HQ

    London, UK
    GB

    Sector

    Credit Reporting

    Website

    clearscore.com

  • Cleo

    GB

    Cleo

    Personal Finance Management

    The FinTech 50:

    Cleo

    Developer of an AI-based personal finance application designed to change everyone's relationship with their money. The company's platform allows to view spending according to transactions, categories and merchants, as well as automatically send funds via Messenger without bank details, find deals on financial products and compares spending habits with peers, enabling users to keep a track of their spending across multiple accounts and credit cards.

    Cleo wants to reduce the complexity and increase the transparency of financial services for a new generation. The “financial assistant” for young professionals and graduates powered by AI, Cleo is a chatbot accessed via the Cleo app or Facebook Messenger and through integration with Amazon’s Alexa and Google’s Google Home. Users can chat to Cleo via text or voice to interrogate bank account and credit card data in order to keep track of spending and budget better. Angel investors include Niklas Zennström.

    Company

    Cleo

    Key people

    CEO: Barney Hussey-Yeo; Founders: Aleksandra Wozniak, Barney Hussey-Yeo

    Founded

    2015

    Funding

    Most Recent Financing Status(as of 11-Dec-2020)
    The company raised $44 million of Series B venture funding in a deal led by EQT Ventures on March 12, 2020. SBI Holdings, Index Ventures, LocalGlobe, Balderton Capital, Octopus Investments, and Y Combinator also participated in the round.
    The funds will be used to support an expansion of executive and product teams in the U.S. division's San Francisco office. Recently, the company received $981,000 of mezzanine financing from TriplePoint Private Venture Credit on May 27, 2020.

    HQ

    London, UK
    GB

    Sector

    Personal Finance Management

    Website

    meetcleo.com

  • Cloudmargin

    GB

    Cloudmargin

    RegTech, Risk Management, Business Productivity

    The FinTech 50:

    Cloudmargin

    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.

    Developer of a cloud-based collateral and risk management platform designed to centralize, connect, automate, and optimize collateral management for everyone. The company's platform offers real-time reports on all collateral positions in order to facilitate straight-through processing through settlement, 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

    The company raised GBP 15.80 million of Series B venture funding from Deutsche Börse Group, DB1 Ventures and Citigroup on September 22, 2020, putting the company's pre-money valuation at GBP 25.98 million. Deutsche Bank also participated in the round. The funds will be used by the company to further innovate the platform and technological capability to deliver an enhanced product and service for clients and partners. In addition, the firm intends to expand its sales and client service capabilities in the U.S. and Asia to meet greater demand.
    Series A investors included: Illuminate Financial, IHS Markit, Jefferies

    HQ

    London, UK
    GB

    Sector

    RegTech, Risk Management, Business Productivity

    Website

    cloudmargin.com

  • Credit Kudos

    GB

    Credit Kudos

    Credit Rating

    The FinTech 50:

    Credit Kudos

    Developer of an open banking platform intended to advance in the field of financial inclusion and credit availability services. The company's platform utilizes machine learning behavior that offers a transparent scoring system based on consumer consented data for a fairer representation of an individual's creditworthiness, enabling lenders to make better decisions in a hassle-free manner.


    Company

    Credit Kudos

    Key people

    Founders: Freddy Kelly, Matt Schofield

    Founded

    2015

    Funding

    Most Recent Financing Status(as of 18-Jun-2021)
    The company raised GBP 5 million of Series A venture funding through a combination of debt and equity in a deal led by Albion VC on April 9, 2020, putting the company's pre-money valuation at GBP 13.56 million. GBP 4.29 million of equity funding was led by Albion VC with participation from Triple Point, Ascension Ventures (UK), Jigsaw VC and 11 other investors. The deal also includes GBP 710,000 of debt financing. The funds will be used to make affordable credit accessible to all.

    HQ

    London, UK
    GB

    Sector

    Credit Rating

    Website

    creditkudos.com

  • Datamaran

    GB

    Datamaran

    ESG Risk

    The FinTech 50:

    Datamaran

    Developer of non-financial risk management platform designed for tracking the environmental, social and governance (ESG) issues critical for business. The company's platform uses proprietary artificial intelligence technology which scans and sifts data for non-financial issues, from climate risk to diversity, from geopolitics to innovation and technology, to fully automate previously manual processes for benchmarking, materiality analysis and risk identification, enabling organizations to save time, money and deliver better insights.


    Company

    Datamaran

    Key people

    Founders: Jean-Philippe Lecourt, Jerome Basdevant, Marjella Alma

    Founded

    2014

    Funding

    Most Recent Financing Status(as of 29-Jan-2021)
    The company raised GBP 2.85 million of venture funding from undisclosed investors on January 7, 2020, putting the company's pre-money valuation at GBP 11.37 million.

    HQ

    London, UK
    GB

    Sector

    ESG Risk

    Website

    datamaran.com

  • Dawex

    FR

    Dawex

    Data Marketplace, Analytics

    The FinTech 50:

    Dawex

    Operator of a data exchange technology company and data marketplace intended to orchestrate data circulation, source and exchange data securely. The company's marketplace offers solutions to build a data exchange strategy in full compliance with regulations, enabling organizations to generate new revenue streams. 12,000+ organizations from 20+ sectors rely on Dawex Global Data Marketplace and Data Exchange Platform


    Company

    Dawex

    Key people

    Founders: Fabrice Tocco and Laurent Lafaye

    Founded

    2015

    Funding

    Most Recent Financing Status(as of 08-Dec-2020)
    The company raised EUR 5 million of venture funding from Bouygues Telecom Initiatives, Amadeus IT Group and Itochu on May 23, 2019. Bouygues Construction, Amadeus Ventures and Caisse des Dépôts Group also participated in the round.
    The company intends to use the funds to accelerate development in Europe and the United States, by establishing itself in Asia and the Middle East and by pursuing its investment in technology and innovation.

    HQ

    Lyon, France
    FR

    Sector

    Data Marketplace, Analytics

    Website

    dawex.com

  • Eigen Technologies

    PT

    Eigen Technologies

    Analytics, AI, Document AI for Financial Services, Low Code No Code

    The FinTech 50:

    Eigen Technologies

    Developer of a natural language processing technology designed to read complex documents. The company's document AI technology leverages machine learning to analyze and mine documents and contracts, automating the extraction of unstructured qualitative data, enabling individuals and organizations to make the right decisions by unlocking the value of their qualitative data.

    Customers include 25% of the worlds globally systemically important banks including Goldman Sachs, Bank of America. Large Asset Managers including BlackRock and Hedge Funds like Fortress Investment Groups and insurance groups.

    Company

    Eigen Technologies

    Key people

    Founder: Dr Lewis Liu and Jonathan Feuer

    Founded

    2014

    Funding

    Most Recent Financing Status(as of 25-Jun-2021)
    The company raised $42 million of Series B venture funding in a deal led by Lakestar and Dawn Capital on March 13, 2020, putting the company's pre-money valuation at $128.03 million.

    ING Ventures, Goldman Sachs Growth and Temasek Holdings also participated in the round.

    The funding raised will be used to further accelerate growth, with significant investments across the company in both its technical and commercial teams, as well as double down on its commitment to be a truly transatlantic business, with additional senior management roles based out of New York.

    HQ

    Lisbon, Portugal
    PT

    Sector

    Analytics, AI, Document AI for Financial Services, Low Code No Code

    Website

    eigentech.com

  • Enfuce logo circle FinTech40

    FI

    Enfuce logo circle FinTech40

    Payments

    The FinTech 50:

    Enfuce logo circle FinTech40

    Developer of a cloud-based payment platform intended to help clients in their business financial expansions. The company's platform offers open banking, issuing and acquiring services, carbon footprint tracker, strong customer authentication, and back-office service to both incumbent players and newcomers, enabling consumer finance industries to conduct stable investments as per the regulation and constant change in a secure manner.

    Partners include Visa, Mastercard and AWS.

    Company

    Enfuce logo circle FinTech40

    Key people

    Founders: Monika Likamas, Denise Johansson, William Ekstrom, Tom Grahn

    Founded

    2016

    Funding

    Most Recent Financing Status(as of 07-May-2021)
    The company raised EUR 7 million through a combination of debt and Series B venture funding in a deal led by Tencent Holdings on March 17, 2021, putting the company's pre-money valuation at EUR 39.80 million.

    Maki.vc and other undisclosed investors also participated in the round. The funds will be used to look for M&A opportunities to accelerate growth across Europe and globally.
    Series A investors included Nordea Bank

    HQ

    Espoo, Finland
    FI

    Sector

    Payments

    Website

    enfuce.com

  • Everledger

    GB

    Everledger

    Blockchain

    The FinTech 50:

    Everledger

    Developer of a global digital ledger platform designed to track and protect valuable assets. The company's digital ledger uses blockchain technology and a distributed ledger system to reduce fraud-related instances of valuables and generate more leads or provide evidence of compliance to industry standards, enabling manufacturers and jewelry retailers to gain digital asset analysis.

    The platform combines a rich forensic approach to identify and track asset provenance to provide confidence in the transparency driven across global supply chains.

    The company has raised $30M to date as of July 2020. Post valuation £46.99M as of March 2018.

    Company

    Everledger

    Key people

    CEO: Leanne Kemp

    Founded

    2015

    Funding

    Total funding: $30.4M; Latest funding: $20M Series A, September 2019 Most Recent Financing Status
    (as of 23-Apr-2021)Most Recent Financing Status
    (as of 23-Apr-2021)
    The company raised $7 million of convertible debt financing from Tencent Holdings, Government of UK and other undisclosed investors on July 15, 2020. Outrun Ventures also participated in this round.

    HQ

    London, UK
    GB

    Sector

    Blockchain

    Website

    everledger.io

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