The FinTech50 2015:

  • Adyen

    NL

    Adyen

    Payments

    :

    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

    :

    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

    :

    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

    :

    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

    :

    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

  • Byhiras

    GB

    Byhiras

    Buy-side

    :

    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

    :

    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

    :

    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

    :

    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

    :

    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

  • Cybertill

    GB

    Cybertill

    Payments

    :

    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

    :

    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

    :

    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

    :

    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

    :

    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

    :

    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

    :

    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

  • 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

  • Five Degrees

    NL

    Five Degrees

    Banking

    :

    Five Degrees

    Five Degrees has developed a next generation core banking software platform designed for existing banks as well as new ones. Five Degrees provide a fully automated banking services hub supporting any segment, product or channel through a rich middleoffice environment, connected to any (legacy) back-office of choice. Matrix, (the company’s proprietary technology) offers an agile customer centric architecture that supports banking operations in a future proof manner, significantly lowering cost whilst enhancing agility in the banking environment. Matrix is a proven fully automated (STP) core business process management (BPM) banking solution ready for SaaS and (private) cloud setups.

    Company

    Five Degrees

    Key people

    CEO & Founder: Martijn Hohmann; Co-Founder: Bjorn Holmthorsson

    Founded

    2009

    HQ

    Breukelen, Netherlands
    NL

    Sector

    Banking

    Website

    fivedegrees.nl

  • FundApps

    GB

    FundApps

    RegTech

    :

    FundApps

    FundApps' makes compliance simple for some of the world's largest financial institutions, including asset managers, hedge funds, pension funds and banks. Blending innovative technology with regulatory insight, FundApps' team of compliance experts write and maintain over 500 rules in more than 90 jurisdictions so its clients don't have to. Over $2.5T in client assets are analysed by FundApps every day. FundApps provides three services: Shareholding Disclosure, Position Limits and Investment Restrictions.

    Company

    FundApps

    Key people

    CEO & Founder: Andrew White

    Founded

    2010

    Funding

    Self funded

    HQ

    London, UK
    GB

    Sector

    RegTech

    Website

    fundapps.co

  • 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

  • Guidants

    DE

    Guidants

    Trading & FX

    :

    Guidants

    Guidants enables investors and traders to monitor, analyse and discuss the financial markets, free of charge. The company enables users to select market data in the form of over 30 widgets. Each widget has one task such as displaying a chart, or giving direct access to a broker. The user can modify each widget according to their needs (size, content, appearance) to compile their personal market overview. Clients and partners include, Deutsche Bank, Commerzbank, DZ Bank, UBS, RBS, HSBC, ING Markets, Goldman Sachs, BNP Paribas, Yahoo, CMC Markets.

    Company

    Guidants

    Key people

    CEOs & Founders: Robert Abend, Thomas Waibel

    Founded

    2012

    HQ

    Munich, Germany
    DE

    Sector

    Trading & FX

    Website

    guidants.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

  • Insly

    GB

    Insly

    InsurTech

    :

    Insly

    Insly is a spin-off from IIZI Group – the most successful insurance broker group in the CEE region. The company creates standardised insurance industry tools and models that make buying and selling insurance simpler and more profitable. Its cloud-based software enables clients to manage sales from start to finish and administer all insurance policies. Clients include Volvo, AON, Dansk Bank and LHV Bank. Insly hail from Tallinn, Estonia.

    Company

    Insly

    Key people

    CEO & Founder: Risto Rossar; Co-Founder: Ando Kivilaid

    Founded

    2014

    HQ

    London, UK
    GB

    Sector

    InsurTech

    Website

    insly.com

  • InvoiceSharing

    NL

    InvoiceSharing

    Payments

    :

    InvoiceSharing

    InvoiceSharing provides SMEs with a low-cost invoice accounting platform that doubles as a platform for invoice financing. The Rotterdam-based business’s Accounting Robot won the “most innovative solution for accountants 2016” at the Getwalk event in The Netherlands, voted by accountants.

    Company

    InvoiceSharing

    Key people

    CEO & Founder: Jeroen Volk; Co-Founder: Vincent Prooij

    Founded

    2013

    HQ

    Rotterdam, Netherlands
    NL

    Sector

    Payments

  • 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

  • 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

  • Kreditech

    DE

    Kreditech

    Big Data, Information, Banking, Analytics

    :

    Kreditech

    Kreditech is a Big Data finance company based on automated Big Data and machine learning credit scoring. The company extends loans to individuals in real-time, using a fully automated credit scoring system and banking backend infrastructure. It operates independently from credit bureaus and traditional banking infrastructure. In just 20 months, Kreditech has scored more than 1.5 million individual loans. The company is at the forefront of the rapidly changing consumer finance market. Using 15,000 dynamic data points, its technology is capable of scoring everyone worldwide, including the 4 bn individuals without a credit score. Funds can be paid out within seconds to a credit card, bank account or NFC wallet, 24/7.

    Company

    Kreditech

    Key people

    CEO: Sebastian Diemer; Founder(s): Sebastian Diemer, Alexander Graubner-Müller

    Founded

    2012

    HQ

    Hamburg, Germany
    DE

    Sector

    Big Data, Information, Banking, Analytics

    Website

    kreditech.com

  • LendInvest

    GB

    LendInvest

    Lending

    :

    LendInvest

    The UK's leading marketplace for property finance, LendInvest turned a profit (£3.4M) for the third time in three years of trading in 2016. LendInvest spun out of Montello, an offline short-term mortgage lender, in 2013 to improve the process of getting a mortgage, and to make mortgages an accessible asset class for every investor. Today LendInvest investors have lent over £1Bn to help borrowers buy, build or renovate almost 4,000 properties making LendInvest one of the fastest-growing online lending businesses in the world. The company also has significant institutional backing, including a £17M ($25M) Series B investment from Atomico, the VC fund led by Skype founder, Niklas Zennstrom.

    Company

    LendInvest

    Key people

    CEO & Founder: Christian Faes; Co-Founder: Ian Thomas

    Founded

    2013

    Funding

    Total: $58.62M / Lead Investor: Atomico

    HQ

    London, UK
    GB

    Sector

    Lending

    Website

    lendinvest.com

  • Mambu

    DE

    Mambu

    Banking

    :

    Mambu

    Mambu is the core engine powering digital first banking and lending. The lean SaaS alternative to cumbersome core banking systems, Mambu helps clients to successfully start new business ventures, transform existing operations, launch new products and expand into new markets. It provides financial institutions of all sizes with the agility to rapidly design, launch, service and scale their banking and lending portfoli. Its technology powers over 5000 loan and deposit products which serve over 3M end customers. With more thatn 180 live operations in over 40 countries, Mambu is helping financial institutions evolve and thrive in the digital age. In 2017 it received Amazon Web Services accreditation, started operations in Singapore and opened a US office in Miami.

    Company

    Mambu

    Key people

    CEO & Founder: Eugene Danilkis; Co-Founders: Frederik Pfisterer, Sofia Nunes

    Founded

    2011

    Funding

    Total: $13.1M

    HQ

    Berlin, Germany
    DE

    Sector

    Banking

    Website

    mambu.com

  • mBank

    PL

    mBank

    Banking

    :

    mBank

    mBank is the first established European bank to undergo a comprehensive, mass-scale, Bank 3.0 revolution of its direct channels including modern UI/ UX of transactional banking, PFM, video banking, transactional, realtime marketing, social channels, gamification and mobile banking and is the leader of e-banking in Poland. Part of BRE Bank (owned by Commerzbank) it is currently the 3rd largest retail bank in Poland in terms of number of customers. The company also operates in the Czech Republic and Slovakia.

    Company

    mBank

    Key people

    CEO: Michał Panowicz

    Founded

    2000

    HQ

    Łódź, Poland
    PL

    Sector

    Banking

    Website

    mbank.pl

  • Merit Software

    IE

    Merit Software

    Banking

    :

    Merit Software

    Merit Software is the industry leader in investment banking and broking operations’ receivables and payables processing and case management. Merit has recently developed a centralised matching platform (“The Utility”) with a transactional-based business model and the ability to automate these processes on an industry-wide basis. In 2014 the company agreed an exclusive partnership agreement with one the world’s largest clearing houses for the global distribution of the utility.

    Company

    Merit Software

    Key people

    CEO & Founder Kerril Burke; Co-Founder: Paul Burke

    Founded

    1998

    HQ

    Dublin, Ireland
    IE

    Sector

    Banking

    Website

    merit-soft.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

  • Opengamma

    GB

    Opengamma

    Analytics / Risk Management

    :

    Opengamma

    OpenGamma is a financial technology company delivering unique analytics for the needs of over-the-counter (OTC) or privately-negotiated derivatives contracts, a $493 trillion marketplace, according to the Bank for International Settlements. The power of the technology is based upon unrivalled insight into the supply and cost of balance sheet, allowing the buy-side not only to execute on their derivatives strategy, but to enhance their own performance and benchmark their costs against peers. The London-based business now counts amongst their rapidly growing client base, 4 of the 5 largest clearing houses in the world, 11 buy-side firms & 4 Tier 1 banks. In the view of one panel member, OpenGamma continues to reshape risk management in the industry, in turn becoming core to the capital markets infrastructure. OpenGamma raised $13.3m in October 2016 and in January this year announced a minority investment of $1 million from the Japan Exchange Group.

    Company

    Opengamma

    Key people

    CEO: Peter Rippon; COO: Maxime Jeanniard Du Dot

    Founded

    2009

    Funding

    Latest Funding: $13.3m Series D October 2016 / $1M Strategic February 2017

    HQ

    London, UK
    GB

    Sector

    Analytics / Risk Management

    Website

    opengamma.com

  • Osper

    GB

    Osper

    Banking

    :

    Osper

    Osper offers a safe MasterCard prepaid debit card with a simple mobile banking app with separate logins for young people and parents. All money on Osper is managed by a European regulated bank and its mobile banking app creates visibility for parents and children on spending in real time.

    Company

    Osper

    Key people

    CEO & Founder: Alick Varma

    Founded

    2012

    HQ

    London, UK
    GB

    Sector

    Banking

    Website

    osper.com

  • Parmenion Capital Partners

    GB

    Parmenion Capital Partners

    Consumer Finance

    :

    Parmenion Capital Partners

    Parmenion Capital Partners has developed the UK’s first automated online discretionary investment management services platform. Parmenion’s online CIP (Centralised Investment Proposition) enables IFAs to spend less time on administration and more time with clients, providing an efficient, costeffective service which has been recognised nationally through numerous adviser-voted awards, including Defaqto’s 5 Star DFM (Managed Portfolio Service) 2014. Parmenion is the only UK platform to hold discretionary management (managing investments) permission from the FCA.

    Company

    Parmenion Capital Partners

    Key people

    CEO & Founder: Richard Mein

    Founded

    2006

    HQ

    Bristol, UK
    GB

    Sector

    Consumer Finance

    Website

    armenion.co.uk

  • Squirrel

    GB

    Squirrel

    Lending

    :

    Squirrel

    Squirrel is a technology platform offering digital PFM (personal financial management) tools. Squirrel’s aim is to help people to fix their finances, foster financial freedom and end the need for costly credit cards. The company partners with employers to provide simple and intuitive tools to help their employees save, budget and manage their bills directly from their payroll, thereby helping staff avoid the payday loan and overdraft markets.

    Company

    Squirrel

    Key people

    CEOs & Founders: Mutaz Qubbaj, Emanuel Andjelic

    Founded

    2014

    HQ

    London, UK
    GB

    Sector

    Lending

    Website

    quirrel.me

  • Stockomendation

    GB

    Stockomendation

    Big Data / InformationTrading & FX

    :

    Stockomendation

    Stockomendation is a stock-tip aggregation and comparison site. The company aggregates, compares and performance-monitors stock tips from newspapers, investment magazines, financial websites, blogs and newsletters, creating a ranking of success and failure. The platform creates accountability and facilitates trust with access to tipster track records, helping retail investors, invest on the basis of a proven record of achievement. The platform also allows institutions, financial platforms and online brokers to deliver exciting stock tip content to encourage trading. In 2014 the company appointed Nick Ogden, founder and CEO.

    Company

    Stockomendation

    Key people

    CEO & Founder: Paul Roberts

    Founded

    2013

    HQ

    Llandudno, UK
    GB

    Sector

    Big Data / InformationTrading & FX

  • Sybenetix

    GB

    Sybenetix

    Analytics

    :

    Sybenetix

    Compliance teams use Sybenetix Enterprise Behavioural Analytics to analyse all trades and unusual behaviour, automatically flagging and investigating suspicious activities. In the past year, the London-based FinTech has added tier-one banks and the world’s largest hedge fund to its client base. It also secured a coveted place on Accenture’s Innovation Lab in Hong Kong. The Enterprise Behavioural Analytics platform is used by leading hedge funds, banks and asset managers to systematically improve investment performance and conduct management. Behaviour profiling algorithms and real-time decision support tools, enable investment professionals to improve success rates, capital allocation, stock selection and timing. Financial institutions use Sybenetix to measure and manage skills, counter behavioural biases and poor conduct, to transform standards of performance and reputation management.

    Company

    Sybenetix

    Key people

    CEO & Founder Taras Chaban; Co-Founder Wendy Jephson

    Founded

    2011

    HQ

    London, UK
    GB

    Sector

    Analytics

    Website

    ybenetix.com

  • Symetrics

    NL

    Symetrics

    AnalyticsAsset/Risk Management

    :

    Symetrics

    Symetrics’ flagship product, SyMath, provides institutional investors with SaaS based risk management software. SyMath can stress-test investment portfolios using real-world economic scenarios, protect portfolios for future risks, measure the effects of adverse shocks on ROI and simulate human investment behaviour. Symetrics also aims to provide its technology to individual investors to enable them to manage their own portfolio and assess their risk profile independently.

    Company

    Symetrics

    Key people

    Managing Partner & Co-Founder Martijn van Eck; Co-founders Jos Berkemeijer, Sander Boon

    Founded

    2012

    HQ

    Apeldoorn, Netherlands
    NL

    Sector

    AnalyticsAsset/Risk Management

    Website

    ymetrics.eu

  • SynerScope

    NL

    SynerScope

    Analytics

    :

    SynerScope

    Big Data pioneer SynerScope sees data as a means, not an end. The Netherlands-based business is winning clients in Banking, Insurance, and Cyber Security and has partnerships with Amazon, Google, SAP and Dell. SynerScope develops technology stacks designed to deal with the ever-growing variety of structured and unstructured data and has partnered with Hortonworks for Hadoop.

    Panel says: One to watch as its technology and capabilities get tested by some of the larger banks and insurance service providers.

    Company

    SynerScope

    Key people

    CEO & Founder: Jan-Kees Buenen; Co-Founder: Danny Holten

    Founded

    2011

    HQ

    Eindhoven, Netherlands
    NL

    Sector

    Analytics

    Website

    ynerscope.com

  • Tink

    SE

    Tink

    Open Banking

    :

    Tink

    Tink is a cloud-based platform that provides the infrastructure and data products that are enabling the future of financial services.

    The company offer products such as Account Aggregation, Payment Initiation, Data Enrichment and Personal Finance Management that can be used to develop standalone services or be integrated into existing banking applications. Its partners include ABN AMRO, BNP Paribas Fortis, Nordea, Klarna and SEB.

    In June 2019, Tink received $11.3m strategic investment from PayPal to continue its expansion across Europe.

    Today, Tink has more than 250 employees globally and is Europe’s leading open banking platform, enabling customers to connect to more than 2,500 banks in 14 markets including the UK, Sweden, France, Germany, and the Netherlands.

    Company

    Tink

    Key people

    Founder(s): Daniel Kjellén (CEO), Fredrik Hedberg

    Founded

    2012

    Funding

    Total investment: $90.5M
    Latest investment: May 2019 $11.3M Corporate Round - Paypal Ventures

    HQ

    Stockholm, Sweden
    SE

    Sector

    Open Banking

    Website

    ink.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

  • Traxpay

    DE

    Traxpay

    Payments

    :

    Traxpay

    Traxpay moves real money in real time, delivering the rich data businesses need to get transparency and control over their transactions. It is integrated directly into existing ERP, purchasing and invoicing systems, enabling a complete end-to-end solution for B2B transactions. Traders on B2B networks using its solution can change any and every element of a payment transaction at any stage of the process, from the moment a payment instruction is initiated straight through to final settlement and clearing.

    Company

    Traxpay

    Key people

    CEO: Markus Rupprecht

    Founded

    2012

    Funding

    Total: $19M

    HQ

    Frankfurt, Germany
    DE

    Sector

    Payments

    Website

    raxpay.com

  • Trunomi

    IE

    Trunomi

    Analytics, Big Data / Information, Security

    :

    Trunomi

    Trunomi’s platform helps banks’ on-board customers five times faster and at 20 per cent of the cost of today’s manual process. Trunomi simplifies KYC (Know Your Customer) capture and review, allowing organisations to quickly conduct due diligence and create shareable digitised KYC datasets for each customer, with a full audit trail.

    Company

    Trunomi

    Key people

    CEO & Founder: Stuart Lacey

    Founded

    2013

    HQ

    Dublin, Ireland
    IE

    Sector

    Analytics, Big Data / Information, Security

    Website

    runomi.com

  • Trustly

    SE

    Trustly

    Payments

    :

    Trustly

    Trustly is an online PSP (payments-services-provider) offering both B2C and C2C payments. Its payment methods were created for mobile devices and offer cross-border payment functionality, which makes the platform well suited for international eCommerce on mobile and tablet devices. The company covers 57 banks, serving over 67m customers.

    Company

    Trustly

    Key people

    CEO & Founder Carl Wilsson; Co-Founders Joel Jacobsson, Lukas Gratte

    Founded

    2008

    HQ

    Stockholm, Sweden
    SE

    Sector

    Payments

    Website

    rustly.com

  • WoraPay

    LT

    WoraPay

    Payments

    :

    WoraPay

    WoraPay is a mobile payments platform for mWallets that enables payment for goods and services. The company is used by a number of financial institutions and mobile wallets to provide seamless payment solutions in restaurants, petrol stations, taxis, entertainment arenas, tickets and coupons, donations and account top-ups. The company is integrated with the largest Horeca POS cashier system in the Eastern Europe, which is operational at over 35,000 locations.

    Company

    WoraPay

    Key people

    CEO & Founder Aurimas Bakas; Co-Founders Vaidas Adomauskas, Nerijus Celkonas

    Founded

    2012

    HQ

    Vilnius, Lithuania
    LT

    Sector

    Payments

    Website

    orapay.com

  • ZooZ

    IL

    ZooZ

    Payments

    :

    ZooZ

    ZooZ offers a secure, and easy-to-use payment solution for eCommerce websites and mobile apps. The company provides retailers with a set of tools that enables them to increase shopping conversion rates, reduce shopping cart abandonment and grow their businesses based on smart consumer insights generated by the platform. 2014 saw the company partner with AliPay, China’s popular online-payment service. Clients include IKEA and Groupon.

    Company

    ZooZ

    Key people

    CEO & Founder Oren Levy; Co-Founders Eyal Kotler, Ronen Morecki

    Founded

    2010

    HQ

    Kfar Saba, Israel
    IL

    Sector

    Payments

    Website

    zooz.com

Load More

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

    :

    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

    :

    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

    :

    Derivitec

    Company

    Derivitec

    Founded

    2019

    HQ


  • Essentia Analytics

    Essentia Analytics

    Analytics, Trading

    :

    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

    :

    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

    :

    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

    :

    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

    :

    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

    :

    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

    :

    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