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The FinTech50 2013

The FinTech50 2013:

  • Aconite

    GB

    Aconite

    Payments

    :

    Aconite

    Company

    Aconite

    Key people

    Founder: Mike Woods (CEO)

    Founded

    2000

    HQ

    London, UK
    GB

    Sector

    Payments

    Website

    aconite.ne

  • Ayondo

    DE

    Ayondo

    Trading & FX

    :

    Ayondo

    Company

    Ayondo

    Key people

    Founders: Manuel Heyden (CEO) and Julian Handt

    Founded

    2009

    HQ

    Frankfurt, Germany
    DE

    Sector

    Trading & FX

    Website

    ayondo.com

  • Bango

    GB

    Bango

    Payments

    :

    Bango

    Company

    Bango

    Key people

    Founders: Ray Anderson (CEO) and Anil Malhotra

    Founded

    1999

    HQ

    Cambridge, UK
    GB

    Sector

    Payments

    Website

    bango.com

  • Basware

    FI

    Basware

    Payments

    :

    Basware

    Company

    Basware

    Key people

    Founder: Ilkka Sihvo

    Founded

    1985

    HQ

    Espoo, Finland
    FI

    Sector

    Payments

    Website

    basware.com

  • Borro

    GB

    Borro

    Lending

    :

    Borro

    Company

    Borro

    Key people

    Founder: Paul Aitken (CEO)

    Founded

    2008

    HQ

    London, UK
    GB

    Sector

    Lending

    Website

    borro.com

  • Brady

    GB

    Brady

    Asset/Risk Management

    :

    Brady

    Company

    Brady

    Key people

    Founder: Dr Robert Brady

    Founded

    1985

    HQ

    Cambridge, UK
    GB

    Sector

    Asset/Risk Management

    Website

    bradyplc.com

  • Calastone

    GB

    Calastone

    Trading

    :

    Calastone

    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
    GB

    Sector

    Trading

    Website

    calastone.com

  • CashFlows

    GB

    CashFlows

    Banking

    :

    CashFlows

    Company

    CashFlows

    Key people

    Founder: Nick Ogden (CEO)

    Founded

    2003

    HQ

    Cambridge, UK
    GB

    Sector

    Banking

    Website

    cashflows.com

  • Celoxica

    GB

    Celoxica

    Comms & Compliance

    :

    Celoxica

    Company

    Celoxica

    Key people

    Founders: Ian Page and Roger Gook

    Founded

    1996

    HQ

    London, UK
    GB

    Sector

    Comms & Compliance

    Website

    celoxica.com

  • Clear2Pay

    BE

    Clear2Pay

    Payments

    :

    Clear2Pay

    Company

    Clear2Pay

    Key people

    CEO & Founder: Michel Akkermans; Founder: Jürgen Ingels

    Founded

    2001

    HQ

    Brussels, Belgium
    BE

    Sector

    Payments

    Website

    clear2pay.com

  • Crowdcube

    GB

    Crowdcube

    Equity Crowdfunding

    :

    Crowdcube

    Crowdcube is one of the UK’s most successful investment crowdfunding platforms, having raised more than £50m for over 180 businesses from a 125,000-strong crowd of registered investors. 2014 saw the successful launch of Crowdcube Mini-Bonds and the Crowdcube Venture Fund, Crowdcube is the only crowdfunding platform and the largest partner to be appointed to the Government-backed London Co-Investment Fund.

    Company

    Crowdcube

    Key people

    CEO: Darren Westlake; Founder(s): Darren Westlake, Luke Lang

    Founded

    2010

    Funding

    Total Funding: $37.5M

    HQ

    Exeter, UK
    GB

    Sector

    Equity Crowdfunding

    Website

    crowdcube.com

  • Currency Cloud

    GB

    Currency Cloud

    Payments, FX

    :

    Currency Cloud

    Currencycloud acts for businesses to provide cheaper, more streamlined FX and cross-border payments services. Founded in 2012, processes in the business processes in excess of $10B in payments every year, across more than 40 currencies in 212 countries. The firm has on-boarded around 250 cents, including brokers, tier-2 banks, payment service providers and marketplace operators.

    Company

    Currency Cloud

    Key people

    CEO: Mike Laven; Founder: Nigel Verdon

    Founded

    2012

    Funding

    Total funding: ($68.1M (most recent venture round Mar 2017)

    HQ

    London, UK
    GB

    Sector

    Payments, FX

  • CurrencyFair

    IE

    CurrencyFair

    Trading & FX

    :

    CurrencyFair

    Company

    CurrencyFair

    Key people

    Founders: Brett Meyers (CEO), Jonathan Potter, David Christian and Sean Barrett

    Founded

    2010

    HQ

    Dublin, Ireland
    IE

    Sector

    Trading & FX

  • Dovetail

    GB

    Dovetail

    Payments

    :

    Dovetail

    Company

    Dovetail

    Key people

    CEO: Martin Coen

    Founded

    2000

    HQ

    London, UK
    GB

    Sector

    Payments

  • DueDil

    GB

    DueDil

    Big Data / Information

    :

    DueDil

    DueDil aggregates public data on companies from a variety of databases, then uses it to create new metrics to indicate how solvent or successful the business is. It is the largest source of free private company information in the UK and Ireland. DueDil data powered the new Investec Mid-market Index of 24,000 mid-sized UK companies.

    Company

    DueDil

    Key people

    CEO & Founder: Damian Kimmelman

    Founded

    2011

    HQ

    London, UK
    GB

    Sector

    Big Data / Information

    Website

    duedil.com

  • eToro

    GB

    eToro

    Social Trading

    :

    eToro

    eToro created the first global market place for people to trade currencies, commodities, indices and CFD stocks online and today has over 4.5 million users in more than 170 countries. In February, eToro signed a joint venture agreement with SBerbank to provide its social trading services to Russian investors.

    Company

    eToro

    Key people

    CEO: Yoni Assia; Founder(s): Yoni Assia, Ronen Assia

    Founded

    2009

    Funding

    Total funding: $222.9M (most recent Series E April 2018)

    HQ

    London, UK
    GB

    Sector

    Social Trading

    Website

    etoro.com

  • Ffastfill plc 600px logo

    GB

    Ffastfill plc 600px logo

    Trading & FX

  • Fidessa

    GB

    Fidessa

    Trading & FX

    :

    Fidessa

    Company

    Fidessa

    Key people

    CEO: Chris Aspinwall

    Founded

    1981

    HQ

    Woking, UK
    GB

    Sector

    Trading & FX

    Website

    fidessa.com

  • Fidor Bank

    DE

    Fidor Bank

    Banking

    :

    Fidor Bank

    With a name derived from the Latin word for trust, Fidor has been re-imagining banking since 2009. In Germany, the online bank has around 100,000 clients and more than 300,000 community members who actively participate in the bank’s decision-making processes – a strategy that underpins Fidor’s innovative platform. In September 2015, Celent’s “Model Bank of the Year” launched in the UK. It also announced a current account that is free to open and run and made a contactless debit card available for the first time in 2016. Fidor's online platform includes virtual currencies trading, social media banking, Facebook and Twitter payments. Available initially in Germany, Fidor has expanded into the US, UK and Russia. 2014 also saw the company integrate with the Ripple payment network (Ripple is the open-source payments protocol for free and instant exchange of any form of money or value).

    Company

    Fidor Bank

    Key people

    CEO & Founder: Matthias Kroner

    Founded

    2009

    HQ

    Munich, Germany
    DE

    Sector

    Banking

    Website

    fidorbank.uk

  • Fixnetix

    GB

    Fixnetix

    Comms & Compliance

    :

    Fixnetix

    Company

    Fixnetix

    Key people

    Founders: Hugh Hughes (CEO), Paul Ellis and Al Moore

    Founded

    2006

    HQ

    London, UK
    GB

    Sector

    Comms & Compliance

    Website

    fixnetix.com

  • Funding Circle

    GB

    Funding Circle

    Debt Crowdfunding

    :

    Funding Circle

    Funding Circle has a simple proposition: companies get funding at better rates, while savers get a higher return on their cash than if they left it in the bank. Since it was founded in 2010, Funding Circle has lent more than £5bn to 50,000 small businesses, with funds collected from more than 80,000 investors. The company has raised $422 million of equity capital from some of the most sophisticated investors in the world. In September 2018, Funding Circle debuted on the London Stock Exchange: (Lon:FCH).

    Company

    Funding Circle

    Key people

    CEO: Samir Desai; Founder(s): Samir Desai, James Meekings, Andrew Mullinger

    Founded

    2009

    Funding

    Total funding: IPO - Sept 2018 / Valuation £1.5Bn / Most recent Series: F / Total $422.8m

    HQ

    London, UK
    GB

    Sector

    Debt Crowdfunding

  • GoCardless

    GB

    GoCardless

    Payments

    :

    GoCardless

    Founded in 2011, GoCardless targets companies that need to offer their increasingly international customers the ability to pay by Direct Debit. The GoCardless mission is to help businesses take and settle recurring payments from anywhere, to anywhere, in any currency.

    A Series D funding round of $22.5M raised in September 2017 is designed to enable GoCardless to expand further, with support for more countries, including Australia and Denmark.

    Founder and CEO Hiroki Takeuchi says, “As more and more businesses become international, they face endless frustrations in managing payments across multiple territories. What we have engineered is a way to simply plug recurring payments into their existing systems, across the world, so they can focus on the challenges that really matter.”

    GoCardless processes over $4bn worth of transactions across more than 30,000 organisations in the U.K. and Europe, working with small startups and large enterprises across a number of industries. It offers an API and off the shelf integrations with over 100 partners including Xero, Sage and Zuora. Customers include Sage, Thomas Cook, Box and The Guardian.

    Company

    GoCardless

    Key people

    CEO: Hiroki Takeuchi; Founder(s): Hiroki Takeuchi, Matt Robinson

    Founded

    2011

    Funding

    Latest Funding: $22.5M Series D, September 2017; Total Funding: $47.3M

    HQ

    London, UK
    GB

    Sector

    Payments

    Website

    gocardless.com

  • Holvi

    FI

    Holvi

    Banking

    :

    Holvi

    Holvi replaces traditional bank accounts with a Pan-European alternative, unlike traditional banks that are tied to a single country. Holvi completely replaces bank accounts with a service that offers a smart checking account. Full bank payments can be made, both in and out, and all accounts have International Bank Account Numbers (IBAN) that enable seamless banking across Europe. The company has customers in 8 European countries.

    Company

    Holvi

    Key people

    CEO: Johan Lorenzen; Founders: Tuomas Toivonen, Teemu Hukkanen, Kristoffer Lawson

    Founded

    2011

    HQ

    Helsinki, Finland
    FI

    Sector

    Banking

    Website

    olvi.com

  • Interactive Investor

    GB

    Interactive Investor

    Consumer Finance

    :

    Interactive Investor

    Company

    Interactive Investor

    Key people

    Founder: Sherry Coutu (CEO)

    Founded

    1995

    HQ

    London, UK
    GB

    Sector

    Consumer Finance

    Website

    iii.co.uk

  • Iwoca

    GB

    Iwoca

    Lending

    :

    Iwoca

    iwoca is one of Europe’s fastest growing credit providers, offering short-term credit facilities of up to £100,000. Businesses sign up online, passing their trading data through integrations with high-street banks, ecommerce platforms, and more. Iwoca’s proprietary risk model allows us to make fair, fast and flexible decisions, cutting underwriting costs by 90% whilst increasing approval rates and offering a simpler customer experience. To date Iwoca has issued over £70M to businesses across the UK, Germany, Spain and Poland and is opening our “credit-as-a-service” platform to strategic partners such as Alibaba, allowing them to finance their customers directly.

    Company

    Iwoca

    Key people

    CEO: Christoph Rieche; Co-Founder: James Dear

    Founded

    2011

    Funding

    Latest Funding: $27.1M Series C October 2016

    HQ

    London, UK
    GB

    Sector

    Lending

    Website

    iwoca.co.uk

  • Ixaris

    GB

    Ixaris

    Payments

    :

    Ixaris

    Ixaris offer a range of co-branded payment applications that enable enterprises and financial institutions to capitalise on the growing market for prepaid payment solutions. Its payment applications provide access to electronic payments for consumers unwilling or unable to access credit card services.

    Company

    Ixaris

    Key people

    Founder & CEO: Alex Mifsud

    Founded

    2002

    HQ

    London, UK
    GB

    Sector

    Payments

    Website

    ixaris.com

  • iZettle

    SE

    iZettle

    Mobile Payments

    :

    iZettle

    Following a €60m funding in 2015, Swedish Mpos vendor iZettle announced its move into small business financing by providing SMEs with an advance based on future card sales. IZettle was acquired by PayPal in May 2018 for £2.2Bn in a move intended to help accelerate growth and deliver a seamless commerce experience for PayPal’s merchants. PayPal and iZettle brands and operations will be held separately, pending completion of a review. by the UK Competition and Markets Authority.

    Company

    iZettle

    Key people

    Founder(s): Jacob de Geer, Magnus Nilsson

    Founded

    2010

    Funding

    Total Funding: Acquired by PayPal May 2018 for $2.2Bn

    HQ

    Stockholm, Sweden
    SE

    Sector

    Mobile Payments

    Website

    izettle.com

  • Klarna

    SE

    Klarna

    Payments

    :

    Klarna

    Klarna (its name means clear) was founded in Stockholm in 2005 with the idea to simplify buying. Klarna is now one of Europe’s largest banks and provides payment solutions for 60 million consumers across 90,000 merchants in 14 countries. Klarna offers direct payments, pay after delivery options and instalment plans in a smooth one-click purchase experience that lets consumers pay when and how they prefer to.

    Company

    Klarna

    Key people

    CEO: Sebastian Siemiatkowski; Founder(s): Niklas Adalberth, Victor Jacobsson, Sebastian Siemiatkowski

    Founded

    2005

    Funding

    Total Funding: $661.7m; Latest Funding: $250M private equity, Jul 2018

    HQ

    Stockholm, Sweden
    SE

    Sector

    Payments

    Website

    klarna.com

  • Kurtosys

    GB

    Kurtosys

    Asset/Risk Management

    :

    Kurtosys

    Company

    Kurtosys

    Key people

    Founder: Mash Patel (CEO)

    Founded

    2002

    HQ

    London, UK
    GB

    Sector

    Asset/Risk Management

    Website

    kurtosys.com

  • MarketInvoice

    GB

    MarketInvoice

    Lending

    :

    MarketInvoice

    MarketInvoice is the world's largest peer-to-peer invoice finance platform. Launched in 2011, based in London and Manchester, MarketInvoice has funded over 70,000 invoices worth £1.3B to thousands of UK businesses (at 1st June 2017). In March 2017, the business appointed Zopa founder Giles Andrews as Chairman and announced its intent tomove into the factoring business, providing larger firms with a credit line against their order pipeline. In May 2017, MarketInvoice announced an agreement with Banco BNI Europa (BNI), which will now provide £45M in funding annually on the marketplace to fund working capital for MarketInvoice customers.

    Company

    MarketInvoice

    Key people

    CEO & Founder: Anil Stocker; Co-Founders: Ilya Kondrashov, Charlie Delingpole

    Founded

    2011

    Funding

    Total: $29.7M / Lead Investors: MCI Capital SA, Northzone

    HQ

    London, UK
    GB

    Sector

    Lending

  • Mi-Pay

    GB

    Mi-Pay

    Payments

    :

    Mi-Pay

    Company

    Mi-Pay

    Key people

    Founder: Norman Frankel

    Founded

    2003

    HQ

    Woking, UK
    GB

    Sector

    Payments

    Website

    mi-pay.com

  • miiCard

    GB

    miiCard

    Security

    :

    miiCard

    Company

    miiCard

    Key people

    Founder: James Varga (CEO)

    Founded

    2011

    HQ

    Edinburgh, UK
    GB

    Sector

    Security

    Website

    miicard.com

  • MPOWA

    GB

    MPOWA

    Payments

    :

    MPOWA

    Company

    MPOWA

    Key people

    CEO: Dan Wagner

    Founded

    2011

    HQ

    London, UK
    GB

    Sector

    Payments

    Website

    mpowa.com

  • Murex

    FR

    Murex

    Trading & FX

    :

    Murex

    Company

    Murex

    Key people

    Founders: Salim Edde and Laurent Neel

    Founded

    1986

    HQ

    Paris, France
    FR

    Sector

    Trading & FX

    Website

    murex.com

  • Nutmeg

    GB

    Nutmeg

    PFM, Consumer Finance

    :

    Nutmeg

    Nutmeg launched the UK’s first online discretionary wealth manager in 2011. Specializing in investments, ISAs and pensions, Nutmeg's online investment management service is intelligent, straightforward and fair. It is the first wealth manager with a 6 year performance track record in the UK. With $1.5 billion in assets under management, Nutmeg has become a scale wealthech player. In February, it secured a Series E investment from Goldman Sachs ($58M) to fuel global expansion.

    Company

    Nutmeg

    Key people

    CEO: Martin Stead; Founder(s): Nick Hungerford & William Todd

    Founded

    2010

    Funding

    Total funding: $147.5M; Latest funding: $58M, February 2019 Series E, Goldman Sachs

    HQ

    London, UK
    GB

    Sector

    PFM, Consumer Finance

    Website

    nutmeg.co.uk

  • PensionsFirst

    GB

    PensionsFirst

    Asset/Risk Management

    :

    PensionsFirst

    Company

    PensionsFirst

    Key people

    CEO: Ben Reid

    Founded

    2007

    HQ

    London, UK
    GB

    Sector

    Asset/Risk Management

  • Perseus Telecom

    IE

    Perseus Telecom

    Comms & Compliance

    :

    Perseus Telecom

    Company

    Perseus Telecom

    Key people

    Founder: Jock Percy (CEO)

    Founded

    2009

    HQ

    Dublin, Ireland
    IE

    Sector

    Comms & Compliance

  • Seedrs

    GB

    Seedrs

    Equity Crowdfunding

    :

    Seedrs

    Seedrs is the leading online equity investment platform in the UK, allowing all types of investors to invest as little or as much as they like in businesses they believe in, often alongside venture capital funds and other professional investors, at the same terms, and share in their success. Seedrs also allows ambitious growth-focused businesses in all sectors to raise capital and build community through an efficient, online process. Seedrs has had over £530 million invested into campaigns on the platform and funded over 750 deals. The company is headquartered in London with offices in Lisbon, Amsterdam, and Berlin. The business is backed by star fund manager Neil Woodford, Augmentum Fintech, Faber Ventures and over 2,000 of its own customers. Seedrs is authorised by the UK FCA. It was the first equity crowdfunding platform in the world to gain regulatory approval.

    Company

    Seedrs

    Key people

    CEO: Jeff Kelisky; Founders: Carlos Silva, Jeff Lynn

    Founded

    2009

    Funding

    Latest Funding: $10M Equity Crowdfunding (on Seedrs), March 2018

    HQ

    London, UK
    GB

    Sector

    Equity Crowdfunding

    Website

    eedrs.com

  • Semafone

    GB

    Semafone

    Security

    :

    Semafone

    Company

    Semafone

    Key people

    Founders: Charles Cooper Driver (CEO) and David Jackson

    Founded

    2009

    HQ

    Guildford, UK
    GB

    Sector

    Security

    Website

    emafone.com

  • SmartStream

    GB

    SmartStream

    Comms & Compliance

    :

    SmartStream

    Company

    SmartStream

    Key people

    CEO: Phillippe Chambadal

    Founded

    2000

    HQ

    London, UK
    GB

    Sector

    Comms & Compliance

  • Sumup

    IE

    Sumup

    Payments

    :

    Sumup

    Company

    Sumup

    Key people

    Founders: Daniel Klein (CEO), Mark Christ and Petter Made

    Founded

    2011

    HQ

    Dublin, Ireland
    IE

    Sector

    Payments

    Website

    umup.com

  • TBricks

    SE

    TBricks

    Trading & FX

    :

    TBricks

    Company

    TBricks

    Key people

    Founders: Jonas Hansbo (CEO), Joakim Johansson and Aleksey Dukhnyakov

    Founded

    2006

    HQ

    Stockholm, Sweden
    SE

    Sector

    Trading & FX

    Website

    brick.com

  • Thunderhead.com

    GB

    Thunderhead.com

    Comms & Compliance

    :

    Thunderhead.com

    Company

    Thunderhead.com

    Key people

    Founder: Glen Manchester (CEO)

    Founded

    2004

    HQ

    London, UK
    GB

    Sector

    Comms & Compliance

    Website

    underhead.com

  • TransferWise

    GB

    TransferWise

    FX

    :

    TransferWise

    TransferWise is a money transfer service allowing private individuals & businesses to send money abroad without hidden charges. One of the original FinTech revolutionaries, TransferWise continues to innovate, opening up services to China and forging a partnership with Germany’s Number26. TransferWise now serves 4 million customers now and moves more than $4 billion dollars every month. (Saving customers $4 million in bank fees every day.). Richard Branson, and PayPal founders Max Levchin and Peter Thiel, among others, are investors.

    TransferWise has opened 11 offices, with over 1,300 employees, across 4 continents.

    Funding raised in June 2019 make TransferWise Europe’s most highly valued FinTech.

    Company

    TransferWise

    Key people

    CEO: Kristo Käärmann; Founder(s): Taavet Hinrikus, Kristo Käärmann

    Founded

    2010

    Funding

    Latest funding: $292m Secondary Market, June 2019; Total funding: $772.7M

    HQ

    London, UK
    GB

    Sector

    FX

    Website

    ransferwise.com

  • Vega-Chi

    GB

    Vega-Chi

    Trading & FX

    :

    Vega-Chi

    Company

    Vega-Chi

    Key people

    Founder: Constantinos Antoniades (CEO)

    Founded

    2009

    HQ

    London, UK
    GB

    Sector

    Trading & FX

    Website

    vega-chi.com

  • Vizolution

    GB

    Vizolution

    Comms & Compliance

    :

    Vizolution

    Company

    Vizolution

    Key people

    Founders: Bill Safran (CEO) and Huw Rees

    Founded

    2008

    HQ

    Port Talbot, Wales, UK
    GB

    Sector

    Comms & Compliance

  • VocaLink

    GB

    VocaLink

    Payments

  • Wonga

    GB

    Wonga

    Lending

    :

    Wonga

    Company

    Wonga

    Key people

    Founders: Errol Damelin (CEO) and Jonty Hurwitz

    Founded

    2006

    HQ

    London, UK
    GB

    Sector

    Lending

    Website

    onga.com

  • WorldFirst

    GB

    WorldFirst

    Trading & FX

    :

    WorldFirst

    Company

    WorldFirst

    Key people

    Founders: Jonathan Quin (CEO) and Nick Robinson

    Founded

    2004

    HQ

    London, UK
    GB

    Sector

    Trading & FX

    Website

    orldfirst.com

  • Zopa

    GB

    Zopa

    P2P

    :

    Zopa

    The first UK lender of its kind, and the pioneer of the peer-to-peer industry, Zopa launched in 2004 with the idea of creating the ‘e-bay for money’. To date, the P2P pioneer’s total lending exceeds £1.3bn, with £530m lent in 2015 alone, double the total of 2014.

    Zopa has lent $3.6m to UK borrowers, lending $996m in the past year. It has over 60,000 active individual investors (average amount lent: £13,000) and over 311,000 borrowers, borrowing on average £7,700. Zopa is one of the three initial members of the UK's Peer-to-Peer Finance Association, together with FundingCircle and RateSetter.

    Company

    Zopa

    Key people

    CEO: Jaidev Janardana; Founder(s): Giles Andrews, James Alexander, Dave Nicholson

    Founded

    2005

    Funding

    Total funding: $169.2M (most recent Venture $44m Aug 2018)

    HQ

    London, UK
    GB

    Sector

    P2P

    Website

    zopa.com

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