The FinTech50 2015:
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NLAdyen
Payments
The FinTech 50:
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
NLSector
Payments
Website
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GBAlgomi
Trading
The FinTech 50:
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
GBSector
Trading
Website
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SEBehaviosec
Biometrics, Security
The FinTech 50:
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
SESector
Biometrics, Security
Website
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GBBlockchain
Payments
The FinTech 50:
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
GBSector
Payments
Website
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NLBUX
Trading
The FinTech 50:
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
NLSector
Trading
Website
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GBByhiras
Buy-side
The FinTech 50:
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
GBSector
Buy-side
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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GBCommuterClub
Lending
The FinTech 50:
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
GBSector
Lending
Website
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GBCredit Benchmark
Finance, Banking, Credit Risk, Capital Markets, Risk Management
The FinTech 50:
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
GBSector
Finance, Banking, Credit Risk, Capital Markets, Risk Management
Website
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GBCrowdcube
Equity Crowdfunding
The FinTech 50:
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
GBSector
Equity Crowdfunding
Website
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GBCurrency Cloud
Payments, FX
The FinTech 50:
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
GBSector
Payments, FX
Website
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GBCybertill
Payments
The FinTech 50:
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
GBSector
Payments
Website
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GBDarwinex
Trading, Brokerage, Asset Management, Hedge Fund
The FinTech 50:
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
GBSector
Trading, Brokerage, Asset Management, Hedge Fund
Website
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GBDueDil
Big Data / Information
The FinTech 50:
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
GBSector
Big Data / Information
Website
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GBEarthport
Payments
The FinTech 50:
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
GBSector
Payments
Website
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GBEbury
Lending, Trading & FX
The FinTech 50:
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
GBSector
Lending, Trading & FX
Website
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GBeToro
Social Trading
The FinTech 50:
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
GBSector
Social Trading
Website
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LTEtronika
Banking
The FinTech 50:
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
LTSector
Banking
Website
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:
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GBAire
Lending
The FinTech 50:
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
GBSector
Lending
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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Derivitec
The FinTech 50:
Company
Derivitec
Founded
2019
HQ
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Essentia Analytics
Analytics, Trading
The FinTech 50:
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.
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Finexkap
Lending
The FinTech 50:
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.
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Finlytics
Analytics, Asset/Risk Management, Back Office, Trading
The FinTech 50:
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
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investUP
Crowd Funding, Lending
The FinTech 50:
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.
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SavingGlobal
Banking, Consumer Finance
The FinTech 50:
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.
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Screen Shot 2019 11 19 at 13 59 02
Asset/Risk Management
The FinTech 50:
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.
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Sonovate
Office Ops
The FinTech 50:
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.