The FinTech50  |  The Fintechs  |  The Fintechs 2015

Selected from over 1500 companies across Europe by some of the biggest names in FinTech. Meet The FinTech50

The FinTech50 2015 The Hot 10 2015

The FinTech50 2015:

  • Adyen

    NL

    Adyen

    Payments

    The FinTech 50:

    Adyen

    Adyen provides businesses with a single solution to accept payments anywhere in the world. The only provider of a modern end-to-end infrastructure connecting merchants directly to Visa, MasterCard, and 250 other payment methods globally, Adyen delivers frictionless payments across online, mobile, and in-store. Headquartered in Amsterdam and San Francisco, with offices across North America, South America, Europe, Asia and Australia, Adyen serves more than 4,500 businesses, including 7 of the 10 largest U.S. Internet companies. Customers include Facebook, Uber, Netflix, Spotify, Dropbox, Evernote, Booking.com, Yelp, Vodafone, Superdry, Mango, Crocs, O’Neill, SoundCloud, KLM and JustFab.

    Company

    Adyen

    Key people

    CEO: Pieter van der Does; Founder(s): Pieter van der Does, Arnout Schuijff

    Founded

    2006

    Funding

    Total funding: IPO - June 2018

    HQ

    Netherlands
    NL

    Sector

    Payments

    Website

    adyen.com

  • Algomi

    GB

    Algomi

    Trading

    The FinTech 50:

    Algomi

    Algomi created a bond information network that enables all market participants to securely and intelligently harness data to make valuable financial trading connections. Its proprietary product, Honeycomb, is a network that allows buyside firms to find out which dealers are best placed to find matches for their bond orders. In March 2017 Algomi announced a $10M strategic investment from Euronext which will enable corporate bond traders to access Algomi's innovated bond information network on a global basis.

    Company

    Algomi

    Key people

    CEO & Founder: Stu Taylor; Co-Founders: Usman Khan, Robert Howes, Michael Schmidt

    Founded

    2012

    Funding

    Latest: $10M Private Equity (March 2017)

    HQ

    London, UK
    GB

    Sector

    Trading

    Website

    algomi.com

  • Behaviosec

    SE

    Behaviosec

    Biometrics, Security

    The FinTech 50:

    Behaviosec

    BehavioSec transforms behaviour into a transparent additional layer of security by monitoring, in real-time, the way users interact with their devices. BehavioSec’s technology recognises if a conflicting user is operating a device by monitoring the environment, rhythms, and interaction patterns that are unique to each user. The solution is designed to enhance security without impacting the user experience. With offices in the UK, Germany, the Netherlands and Sweden, BehavioSec is currently deployed across Northern Europe retail banks protecting over 1,5 billion transactions per year.

    In January 2018, BehavioSec raised $17.5M in a Series B funding in an investment round led by Trident Capital Cybersecurity, whose Managing Directors, J. Alberto Yépez and Ken Gonzalez, will join BehavioSec’s board of directors. The round also saw contributions from ABN AMRO and Cisco Investments, in addition to returning investors Conor Venture Partners and Octopus Ventures. Behaviosec will use the investment to expand global operations and relocate corporate HQ to the US.

    Company

    Behaviosec

    Key people

    CEO: Neil Costigan; Founder(s): Olov Renberg, Kristofer Nygren, Hans Peterson

    Founded

    2007

    Funding

    Total Funding: $25.7M; Most Recent Funding: $17.5M Series B Jan 2018

    HQ

    Luleå, Sweden
    SE

    Sector

    Biometrics, Security

    Website

    behaviosec.com

  • Blockchain

    GB

    Blockchain

    Payments

    The FinTech 50:

    Blockchain

    Founded in 2011, the ‘world’s most popular Bitcoin wallet ‘now has 6 million users, $30.5m funding from investors such as Lightspeed and the title ‘London Scale-up of the Year’. In 2015 the first Bitcoin company to hit 5 million users, doubled the number of transactions processing through its wallets and APIs, opened new offices in London, New York & Luxembourg and was named one of ‘the Best Companies in the World to Work for’.

    Company

    Blockchain

    Key people

    CEO & Founder: Nicolas Cary; Co-Founders: Ben Reeves, Peter Smith

    Founded

    2011

    HQ

    London, UK
    GB

    Sector

    Payments

    Website

    blockchain.com

  • BUX

    NL

    BUX

    Trading

    The FinTech 50:

    BUX

    BUX is a tech company that is rocking the world of finance with a team of 70 people based in the heart of Amsterdam. Founded in 2014 with a mobile app that makes trading accessible, the company now has over 1.7 million users across 9 countries in Europe.

    By 2020 BUX aims to become the single destination for millennials who want to do more with their money by creating a BUX solution for every investment need.

    May 2018, Bux announced support for raft of new cryptocurrency contracts for difference (CFDs), allowing investors to take part in the virtual currency market in an alternative way. The application permits users to trade in different stocks and financial instruments with fake or real money. Now, CFDs will be available for positions in Bitcoin Cash (BCH), Litecoin (LTC), Ripple (XRP), and Ether (ETH).

    Company

    BUX

    Key people

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

    Founded

    2013

    Funding

    Total Funding: $22.8M; Latest Funding: $12.5M Series C, October 2017 / $1.5M Equity Crowdfund, November 2017

    HQ

    Amsterdam, Netherlands
    NL

    Sector

    Trading

    Website

    getbux.com

  • Byhiras

    GB

    Byhiras

    Buy-side

    The FinTech 50:

    Byhiras

    Byhiras is an innovative solution to enable institutional investors better to manage the entire life-cycle of their allocations and investments and to comply with increasingly stringent governance and regulatory reporting requirements. Byhiras has developed highly scalable technology which also provides a range of risk and performance analytics. Through Byhiras, buy-side institutions, their employees, suppliers and clients are able to collaborate on investments in a secure environment.

    Company

    Byhiras

    Key people

    CEO & Founder: SAM Lusty

    Founded

    2011

    HQ

    London, UK
    GB

    Sector

    Buy-side

    Website

    byhiras.com

  • Calastone

    GB

    Calastone

    Trading

    The FinTech 50:

    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

  • CommuterClub

    GB

    CommuterClub

    Lending

    The FinTech 50:

    CommuterClub

    CommuterClub offers low-cost loans to customers, allowing them access to the big discounts offered by season tickets or annual travelcards. For example an Oyster Card for the London Underground, can be 30 per cent cheaper than weekly or monthly travelcards. Customers get the savings but pay for them via a monthly instalment plan. The lender operates in partnership with the P2P site, Ratesetter, who provide the low interest rates.

    Company

    CommuterClub

    Key people

    CEO & Founder: Petko Plachkov; Co-Founder: Imran Gulamhuseinwala

    Founded

    2013

    HQ

    London, UK
    GB

    Sector

    Lending

  • Credit Benchmark

    GB

    Credit Benchmark

    Finance, Banking, Credit Risk, Capital Markets, Risk Management

    The FinTech 50:

    Credit Benchmark

    Credit Benchmark delivers greater visibility into credit risk via an entirely new source of wholesale credit risk data. Using an innovative crowd-sourced approach, the company publishes monthly consensus credit indicators on Sovereigns, Financial Institutions, Corporates and SMEs by aggregating and anonymizing the internal credit risk assessments of the world’s leading banks. Practitioners in the capital markets benefit from greater transparency with unique credit indicators generated from actual risk takers in the marketplace, as well as access to otherwise unrated entities, including a large number of operating subsidiary companies.

    Company

    Credit Benchmark

    Key people

    Executive Chairman: Donal Smith; Founder(s): Donal Smith, Mark Faulkner

    Founded

    2012

    HQ

    London, UK
    GB

    Sector

    Finance, Banking, Credit Risk, Capital Markets, Risk Management

  • Crowdcube

    GB

    Crowdcube

    Equity Crowdfunding

    The FinTech 50:

    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

    The FinTech 50:

    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

  • Cybertill

    GB

    Cybertill

    Payments

    The FinTech 50:

    Cybertill

    Cybertill has developed an award-winning fully hosted multi-channel cloud-based retail software product, offering retailers a fully integrated end-to-end eCommerce, EPOS and Enterprise Supply Chain Management solution. In 2014 Cybertill teamed up with MercuryPay to bring their cloud-based POS system to the US. Cybertill's software is currently installed at over 4,000 locations with over 4,500 Points of Sale and 250 websites across the UK, Europe and the USA.

    Company

    Cybertill

    Key people

    CEO & Founder: Ian Tomlinson

    Founded

    2001

    HQ

    Knowsley, UK
    GB

    Sector

    Payments

    Website

    cybertill.co.uk

  • Darwinex

    GB

    Darwinex

    Trading, Brokerage, Asset Management, Hedge Fund

    The FinTech 50:

    Darwinex

    Darwinex (formerly TradeSlide) is a social trading broker and asset manager. Itstrading platform has a tool that dissects a trader’s strategy and rates it according to its risk, scalability, performance and experience. This allows other investors to view the risks involved with a particular trading strategy. Plans for 2015 include a Hong Kong office to cater to the needs of their growing Asian customer base.

    Company

    Darwinex

    Key people

    CEO & Founder: Juan Colón; Co-Founder: Javier Colón

    Founded

    2012

    HQ

    London, UK
    GB

    Sector

    Trading, Brokerage, Asset Management, Hedge Fund

    Website

    darwinex.com

  • DueDil

    GB

    DueDil

    Big Data / Information

    The FinTech 50:

    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

  • Earthport

    GB

    Earthport

    Payments

    The FinTech 50:

    Earthport

    Earthport provide white-label cross border payment services delivering high volumes of low value payments efficiently, cost-effectively and transparently. In December 2014 it announced a global partnership with Ripple to offer real-time international payments capability, (Ripple is the open-source payments protocol for free and instant exchange of any form of money or value). Earthport’s clients include two of the top five banks globally and four of the top 20 US banks including Bank of America Merrill Lynch, Western Union and HSBC.

    Company

    Earthport

    Key people

    CEO: Hank Uberoi

    Founded

    1997

    HQ

    London, UK
    GB

    Sector

    Payments

    Website

    earthport.com

  • Ebury

    GB

    Ebury

    Lending, Trading & FX

    The FinTech 50:

    Ebury

    Ebury enables small and medium sized businesses transact and trade internationally. Companies can finance their imports, make and receive payments in foreign currencies and hedge currency risk in more than 120 currencies. In 2014 the company lent more than £1m to UK SMEs, growing the client base over 100% month on month. On the currency side, they reached over £5bn in foreign exchange transaction volume.

    Company

    Ebury

    Key people

    CEO & Founder: Salvador Garcia; Co-Founder: Juan Lobato

    Founded

    2009

    HQ

    London, UK
    GB

    Sector

    Lending, Trading & FX

    Website

    ebury.com

  • eToro

    GB

    eToro

    Social Trading

    The FinTech 50:

    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

  • Etronika

    LT

    Etronika

    Banking

    The FinTech 50:

    Etronika

    ETRONIKA develops solutions for finance and online businesses, helping financial institutions to serve both retail and corporate customers better. Their e-banking solutions combine banking and retail, personalisation and loyalty, enabling banks to transform their service offerings from being designed to fit the average customer profile to serving a personalised one. The service is available on multiple channels making the bank accessible anytime, anywhere.

    Company

    Etronika

    Key people

    CEO & Founder: Kestutis Gardžiulis; Co-Founder: Jonas Šulcas

    Founded

    2000

    HQ

    Vilnius, Lithuania
    LT

    Sector

    Banking

    Website

    etronika.com

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The Hot 10 2015:

This year our panel looked at 800 FinTech companies across Europe, which made selecting just 50 a very tall order. To say that this year’s list was hotly contested would not do justice to the debate. But if selecting fifty was a tough call, we did all agree that these ten highly enterprising innovators deserved a special mention. Meet our Hot Ten:

  • Aire

    GB

    Aire

    Lending

    The FinTech 50:

    Aire

    Aire algorithmically generates a score factoring in the character and capacity of applicants by leveraging machine learning to emulate the power of human intelligence. This helps to supplement the thin credit history of applicants such as young adults, the self-employed or those who have recently moved country. A graduate of Techstars inaugural London cohort, Aire received regulatory approval by the FCA in October 2016, a first in its field, and raised a further funding round of $2m.

    Company

    Aire

    Key people

    CEO / Founder: Aneesh Varma; Co-Founders: Dr. Srini Sundaram, Jon Bundy

    Founded

    2014

    Funding

    Total: $7M

    HQ

    London, UK
    GB

    Sector

    Lending

    Website

    aire.io

  • ClauseMatch

    GB

    ClauseMatch

    RegTech, Smart Document Management

    The FinTech 50:

    ClauseMatch

    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
    GB

    Sector

    RegTech, Smart Document Management

    Website

    clausematch.com

  • Derivitec

    Derivitec

    The FinTech 50:

    Derivitec

    Company

    Derivitec

    Founded

    2019

    HQ


  • Essentia Analytics

    Essentia Analytics

    Analytics, Trading

    The FinTech 50:

    Essentia Analytics

    Essentia Analytics helps Hedge Fund managers continuously improve their performance. The company’s software applies behavioural finance principles and advanced analytics to trade, market and biometric data, and feeds it back to the fund manager in the form of actionable, personal insights. This enables them to improve their investment skills. The company is based in the UK with offices in NYC.

    Company

    Essentia Analytics

    HQ


    Sector

    Analytics, Trading

  • Finexkap

    Finexkap

    Lending

    The FinTech 50:

    Finexkap

    Finexkap is a web-based marketplace providing a web solution to short-term capital funding. Bringing together SMEs and qualified investors, the company offers a short-term, flexible and paperless funding solution. In just a few clicks, SMEs can sell their receivables and gain access to short-term funding with competitive advantages compared to factoring solutions.

    Company

    Finexkap

    HQ


    Sector

    Lending

    Website

    finexkap.com

  • Finlytics

    Finlytics

    Analytics, Asset/Risk Management, Back Office, Trading

    The FinTech 50:

    Finlytics

    Finlytics has developed a platform to help funds and investment institutions carry out some of their middle office functions more efficiently, including post-trade reporting functions, control and analytics. The company’s platform not only transforms and controls the post-trade function, but it enables drastically reduced costs. Initially the company was established in 2006 as a joint venture with ABN Amro, but has since become independent.

    Company

    Finlytics

    HQ


    Sector

    Analytics, Asset/Risk Management, Back Office, Trading

    Website

    finlytics.com

  • investUP

    investUP

    Crowd Funding, Lending

    The FinTech 50:

    investUP

    investUP is a debt and equity aggregator allowing investors to invest directly into crowdfunding opportunities. UP integrates the debt and equity markets enabling investors to have one free go-to point of access to the crowdfunding world. The platform allows users to manage all their crowdfunding investments on the UP platform.

    Company

    investUP

    HQ


    Sector

    Crowd Funding, Lending

    Website

    investup.co

  • SavingGlobal

    SavingGlobal

    Banking, Consumer Finance

    The FinTech 50:

    SavingGlobal

    SavingGlobal, with its German brand “WeltSparen”, provides a retail deposit brokerage platform, connecting savers with the best deposit products from international banks via an online platform. The team, who all hail from the financial services team at McKinsey, felt that if various banks offer different interest rates on deposits that all fall under the same EU-wide deposit insurance scheme, why not create a platform that would allow savers to seamlessly access these rates from the comfort of their browsers.

    Company

    SavingGlobal

    HQ


    Sector

    Banking, Consumer Finance

    Website

    eltsparen.de

  • Screen Shot 2019 11 19 at 13 59 02

    Screen Shot 2019 11 19 at 13 59 02

    Asset/Risk Management

    The FinTech 50:

    Screen Shot 2019 11 19 at 13 59 02

    TIPERsm, by cfinancials.com, is a unique security indicator on 16 million financial products, which offers a real-time & objective assessment on the quality of any financial product in the world. TIPERsm also ensures that the financial industry will meet 100% of the requirements set out by MiFID II and is currently the only solution of its kind which can help the industry to be fully compliant with the regulation.

    Company

    Screen Shot 2019 11 19 at 13 59 02

    HQ


    Sector

    Asset/Risk Management

    Website

    cfinancials.com

  • Sonovate

    Sonovate

    Office Ops

    The FinTech 50:

    Sonovate

    Sonovate combines industry leading finance and back-office into an intuitive, simple to use cloud-based application. Designed exclusively for the recruitment industry, the company provides the finance needed to run contractors, with a bespoke technology platform offering office admin tools, such as payroll, invoicing and a host of real-time reports ranging from financial forecasting through to timesheets.

    Company

    Sonovate

    HQ


    Sector

    Office Ops

    Website

    onovate.com