The FinTech50 2016:
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GBAimBrain
Security
The FinTech 50:
AimBrain’s vision of the future is that any device you interact with will know that it’s actually you, without the need to remember passwords. Founded in Edinburgh by a team of ex-Toshiba, Google, ARM, European Space Agency and CERN engineers, its software tracks and learns how a person interacts with mobile devices, from typing speed to how hard they press or where they swipe. This lets banks and payment processors know if their users really are who they say they are.
Company
AimBrain
Key people
CEO & Founder: Andrius Sutas; Co-Founder: Alesis Novik
Founded
2014
HQ
London, UK
GBSector
Security
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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DEBarzahlen
Payments
The FinTech 50:
Barzahlen makes online shopping, playing or travel booking possible for cash users. Germany’s largest private cash-payment infrastructure, with over 9000 stores, has a vision to replace the classic bank branch and has partnered with German, Number26 to provide customers with a retail-based branch network. Barzahlen is expanding to other industries and sectors and is now actively involved in insurance and telecommunication. By the end of 2015, Barzahlen expanded the retail partner network network by adding about 3000 REWE stores.
Company
Barzahlen
Key people
Co-Founders: Achim Bönsch, Sebastian Seifert, Florian Swoboda
Founded
2011
HQ
Berlin, Germany
DESector
Payments
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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GBBehavox
Security
The FinTech 50:
Behavox has good reason to look forward to 2016. The two-year-old business, whose behavioural analysis monitors changes to the way a trader communicates, signed up the most technologically committed hedge fund in the market as a client in 2015 and is being courted by investment banks and VCs alike. Currently funded by friends and family, the London business also expanded its team from 9 to 14 and is planning new offices in Singapore and New York in 2016.
Company
Behavox
Key people
CEO & Founder: Erkin Adylov; Co-Founders: Slav Slavinski, Roman Zelov, Alex Glasman, Kiryl Trembovolski
Founded
2014
HQ
London, UK
GBSector
Security
Website
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SEBima
Insurance / Microfinance
The FinTech 50:
Customers of Bima typically live on less than $10 a day and fewer than half have bank accounts. The Swedish Microfinance pioneer has developed a bespoke portfolio of over 40 microinsurance & mobile health products which it distributes in emerging markets such as Ghana for as little as 35 cents a month using mobile technology and an agent network. Its expansion across emerging markets in Africa, Asia and Latin America has served over 20 million customers in just five years and it currently attracts 500k new customers per month.
Company
Bima
Key people
CEO/Founder: Gustaf Agartson
Founded
2010
Funding
Latest Funding: $36.2M Series D, December 2017; Total Funding: $170.6M
HQ
Stockholm, Sweden
SESector
Insurance / Microfinance
Website
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GBBitnet
Payments
The FinTech 50:
Bitnet is the first Bitcoin payment processor designed for both merchants and PSPs. Founded in Belfast by a highly experienced team, and with offices in the US, Bitnet has already partnered with several payment processors and large e-commerce websites, including Zooz, Limonetik, and Japanese e-commerce giant Rakuten. In 2015 it forged its largest partnership yet with PAY.ON, enabling Bitcoin acceptance for over a hundred PSPs globally.
Partners say: “Merchants benefit from a digital payment method that expands their business to a new customer base, generating a new revenue stream without significant implementation costs.”Company
Bitnet
Key people
CEO & Founder: John McDonnell Co-Founders: Stephen McNamara
Founded
2014
HQ
Belfast, UK
GBSector
Payments
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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GBBought By Many
InsurTech
The FinTech 50:
Bought By Many uses the power of the collective – ‘crowdbuying’ – to negotiate better deals from insurance companies for large groups of customers with niche needs. As well as collecting a slew of innovation awards, the social insurance solution now has over 143,000 members over 277 groups, and saves members an average of 18.6%.
Company
Bought By Many
Key people
CEO & Founder: Steven Mendel; Co-Founder: Guy Farley
Founded
2012
HQ
London, UK
GBSector
InsurTech
Website
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GBCallsign
Security
The FinTech 50:
Having someone’s mobile, getting hold of their pin and biometric fingerprint is still not enough to impersonate someone, says Callsign. The platform’s military-grade security, with over 50 analytics captured and processed in real-time, delivers a powerf.ul cyber intelligence capability that provides a clear view of which user, at which location and on what device, is performing a given transaction
Company
Callsign
Key people
CEO & Founder: Zia Hayat
Founded
2011
HQ
London, UK
GBSector
Security
Website
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GBCognia
Compliance
The FinTech 50:
Cognia’s secure cloud-compliance solutions help enterprise customers in verticals such as finance, energy, healthcare and retail to capture, record, control, analyse communications and protect payment-card data. Backed by investors that include Vodafone and Swisscom, it was the first company to develop enterprise-grade mobile recording solutions and achieve PCI DSS Level 1 accreditation globally on the Amazon Web Services cloud platform.
Company
Cognia
Key people
CEO: Stewart Holness; Founder: Curtis Nash
Founded
2005
HQ
London, UK
GBSector
Compliance
Website
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GBContego
RegTech
The FinTech 50:
Contego believes that embracing RegTech solutions can have a transformative positive effect on business and should be seen as a a competitive advantage. The company helps financial services, property and FinTech firms to improve and automate Anti-Money Laundering (AML) and Know Your Customer (KYC) checks and processes. Its single risk-scoring platform can handle complex, multi-entity fraud detection and compliance checks in real time, all delivered via a single API, which expedites and improves customer onboarding. With partnerships including IBM, Amazon Web Services, and C6 Group, Contego has invested heavily in recent months to strengthen its international data sets. In December 2016, the RegTech acquired Working Status Ltd, the comprehensive software solution for Right-to-Work compliance and Human Resources management.
Company
Contego
Key people
CEO: Adrian Black
Founded
2011
Funding
Total: $2.93M
HQ
Abingdon, UK
GBSector
RegTech
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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GBDigital Shadows
Cyber Security
The FinTech 50:
Digital Shadows has come a long way since Accenture Innovation Lab London in 2011, announcing a $26M Series C funding round in September 2017. Its flagship product, SearchLight, is a continuous real-time scan of more than 100 million data sources online and on the deep and dark web — cross referencing customer specific data with the monitored sources to flag up instances where data might have inadvertently been posted online, for instance, or where a data breach or other unwanted disclosure might be occurring. The service also monitors any threat-related chatter about the company, such as potential hackers discussing specific attack vectors.
In May 2018, Digital Shadows announced its new "Shadow Search" capability, available as part of its flagship, award-winning SearchLight service.Shadow Search enables instant access to Digital Shadows' comprehensive collection of historical and evolving threat intelligence assets, and expert security sources, including leading security blogs and news, enabling SearchLight subscribers the ability to better manage third-party risk, investigate security incidents, monitor trends, and enrich threat hunting of client-specific indicators and threat actors jeopardising their business, brand and reputation.
Company
Digital Shadows
Key people
CEO: Alastair Paterson; Founders: Alastair Paterson, James Chappell
Founded
2011
Funding
Latest investment: $26M Series C (2017); Total funding: $48M
HQ
London, UK
GBSector
Cyber Security
Website
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GBElliptic
Payments
The FinTech 50:
Elliptic Vault is the world’s first insured Bitcoin custody service and the first Bitcoin company to receive a global standard for financial reporting. Its proprietary identity database delivers auditable proof of identity for over 10,000,000 addresses. Clients have used the platform to assess risk on more than $1bn in transactions, generate suspicious activity reports, and prevent fraudulent transactions.
Company
Elliptic
Key people
CEO & Founder: James Smith; Co-Founder: Tom Robinson
Founded
2013
HQ
London, UK
GBSector
Payments
Website
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Ethereum
Blockchain
The FinTech 50:
Ethereum’s decentralised blockchain and digital currency Ether are becoming widely used tools for building decentralised apps. In January, R3 announced the completion of a distributed ledger experiment involving eleven of the world’s biggest banks, connected on an R3-managed private peer-to-peer distributed ledger underpinned by Ethereum technology.
Company
Ethereum
Key people
CEO: Vitalik Buterin; Co-Founder: Gavin Wood
Founded
2014
HQ
Sector
Blockchain
Website
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GBEverledger
Blockchain
The FinTech 50:
Developer of a global digital ledger platform designed to track and protect valuable assets. The company's digital ledger uses blockchain technology and a distributed ledger system to reduce fraud-related instances of valuables and generate more leads or provide evidence of compliance to industry standards, enabling manufacturers and jewelry retailers to gain digital asset analysis.
The platform combines a rich forensic approach to identify and track asset provenance to provide confidence in the transparency driven across global supply chains.
The company has raised $30M to date as of July 2020. Post valuation £46.99M as of March 2018.
Company
Everledger
Key people
CEO: Leanne Kemp
Founded
2015
Funding
Total funding: $30.4M; Latest funding: $20M Series A, September 2019 Most Recent Financing Status
(as of 23-Apr-2021)Most Recent Financing Status
(as of 23-Apr-2021)
The company raised $7 million of convertible debt financing from Tencent Holdings, Government of UK and other undisclosed investors on July 15, 2020. Outrun Ventures also participated in this round.HQ
London, UK
GBSector
Blockchain
Website
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IEFenergo
Big Data
The FinTech 50:
Dublin-based Fenergo helps institutions manage the end-to-end regulatory onboarding and entity data management processes. In 2015, it received the biggest ever investment in an Irish Tech ($75m).
In September 2017 Fenergo reported a sharp rise in turnover to end March 2017, and announced that it would create 100 new jobs in its push to achieve $100M revenue by 2019. In May 2018, Fenergo announced a strategic partnership with Delta Capita, the international business and technology consulting and managed service provider. This will provide the financial industry with new managed service solutions for solving client onboarding, regulatory compliance, and entity data management challenges.
Company
Fenergo
Key people
CEO / Founder: Marc Murphy
Founded
2009
Funding
Total Funding: $80M; Latest Funding: $75M Private Equity July 2015
HQ
Dublin, Ireland
IESector
Big Data
Website
The FinTech20 Hong Kong 2016:
As the gateway to China, Hong Kong has some big investors in FinTech on its doorstep – Alibaba, Baidu, Tencent. Investment into VC backed FinTech companies in Asia hit $4.5bn in 2015, ahead of the $1.5bn invested in Europe.
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HK8 Securities
Trading
The FinTech 50:
With $9m in funding, the stock trading and financial management platform provides its Asian customer base with over 15,000 US, Hong Kong and China equities and funds in a single click. Customers can trade in RMB, HKD and USD from one account.
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HKAidyia
Analytics
The FinTech 50:
AI based financial market prediction. The company’s artificial general intelligence (AGI) technology identifies patterns and predicts price movements in global financial markets & then recommends action
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HKAMP Credit Technologies
Lending
The FinTech 50:
AMP enables banks and other institutional lenders to profitably offer short-term, unsecured loans to small businesses based upon electronic cash flow and other data points – in both developed and emerging markets.
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HKAPrivacy
Security
The FinTech 50:
An award-winning FinTech that provides the banking industry with information security and tracking services.
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HKAsiaPay
Payments
The FinTech 50:
Winner of The Best Company of the Year for Electronic Payment Solutions & Innovation 2016 by IAIR. mPayment solution and payment gateway vendor AsiaPay brings advanced, secure and cost-effective electronic payment processing solutions and technologies to banks, corporate and SMEs across 12 countries.
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HKCashyou
Remittance
The FinTech 50:
A mobile social app which allows person-to-person payment with no fees, using NFC, QR code or online.
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HKCurrenxie
Trading & FX
The FinTech 50:
P2P FX specialist that provides businesses with cost effective and transparent foreign exchange services.
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HKDemystData
Analytics
The FinTech 50:
Credit referencing that scores and analyzing factors such as customer identity and behavior to provide lenders with an additional mechanism of knowing who their customers are and measuring financial risk and customer value. $5m VC backing & offices HK & NYC.
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HKIbox
Payments
The FinTech 50:
A mobile point-of-sale (mPOS) company enabling debit and credit card payments through smart phones or tablets.
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HKInvestLab
Trading
The FinTech 50:
A global trading technology platform that gives investors, retail brokerage firms, wealth management businesses and financial institutions highly configurable sophisticated tools for global trading of any equity, option, or commodity. $10m funding from investors including Citibank.
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HKIronfly Technologies
Asset/Risk Management
The FinTech 50:
A SaaS provider of interactive, real-time data visualization combined with multi asset class portfolio, order and execution management system for institutional finance. In March 2016 they partnered with a global vendor of risk management and connectivity software.
Company
Ironfly Technologies
HQ
Hong Kong
HKSector
Asset/Risk Management
Website
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HKLenddo
Lending
The FinTech 50:
Caters to the unbanked with a lack of credit history - the big data company specializes in using non-traditional data for credit scoring and on-line verification to help borrowers not included in the financial system, unlock loans. Operating in HK, The Phillippines, India, Columbia, Mexico. $14m VC backing from Accel, Blumberg and Omidyar Network.
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HKMonexo Innovations
Lending
The FinTech 50:
A P2P lending marketplace with a focus on transparency and convenience through best-in-class technology. Hong Kong is its first market and its first product is focused on property owners who can borrow against rental income.
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HKMoneyHero
Analytics
The FinTech 50:
In less than one year of operations MoneyHero the personal finance comparison platform has partnered with over 75 banks, insurance companies and telco’s. It is the most comprehensive financial comparison service in HK.
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HKNeat
Remittance
The FinTech 50:
Mobile banking for the Millennial generation that makes sure you keep on top of your spending budget automatically.
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HKPassKit
Remittance
The FinTech 50:
Mobile wallet marketing and customer engagement technologies for banks and FS companies. Recognised as world-class experts in unlocking new revenue from mobile wallet content, proximity marketing, beacon technology and big data.
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HKPrive
Asset/Risk Management
The FinTech 50:
An integrated wealth management platform and winner of The Asian Private Banker Technology Award 2015 - Best Provider of External Asset Management Solutions.
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HKQuantifeed
Asset/Risk Management
The FinTech 50:
Digital wealth management solutions / Robo platform offering a white label platform to online brokers, consumer banks and wealth managers.
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HKWeLend
Lending
The FinTech 50:
An online low interest lending platform that enables users to borrow money on a personal loan.
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HKXnotes Alliance
Payments
The FinTech 50:
A peer-to-peer decentralized transaction network using blockchain. In March it partnered with Freecharge which has 1 million users per day.
The FinTech20 India 2016:
Innovation is abundant across India, and in selecting this list our panel looked at over 350 companies. Their inaugural 20 features a mix of emerging stars as well as those who might be considered members of India’s own FinTech Hall of Fame.
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INBankBazaar
InsurTech
The FinTech 50:
BankBazaar’s neutral online marketplace allows users to search for, compare and apply for loans, credit cards and insurance products. BankBazaar generated a funding of $60m in its C-Series funding, and announced its international expansion with a move into Singapore in February 2016.
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INBetterPlace Safety Solutions
Analytics
The FinTech 50:
Founded in Jan 2015, and with a recent investment by a former Google India head, BetterPlace offers services such as personal, employment, educational, criminal and training verification services using data analytics and application tools.
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INCitrusPay
Payments
The FinTech 50:
The payment gateway company has over 15m users. In March 2016, it announced a tie-up with Facebook for cards and net banking transactions.
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INCoverfox
InsurTech
The FinTech 50:
Online insurance portal helping users to search, buy, compare and understand insurance.
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INEzetap
Remittance
The FinTech 50:
Ezetap enables merchants to accept payments from any mobile wallet through their Ezetap mobile point-of-sale application. In March, Ezetap partnered with mobile Freecharge, which has over 15m registered users for its Freecharge wallet.
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INftcash
Payments
The FinTech 50:
ftcash enables offline transactions by aggregating all payment gateways including credit cards, debit cards and mobile wallets under one channel. Founded by former CFO of Deutsche Bank India, ftcash was judged the winner at Paypal’s Start Tank Competition and Village Capital Program.
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INFundsIndia
Savings
The FinTech 50:
With 70,000 investors on their platform, FundsIndia is India’s first online platform created specifically for mutual fund investing. Founded in 2009, it believes that every family needs a retirement portfolio, and that most need to save for higher education needs and medium-term goals like buying a house.
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INGet Fiscal
Lending
The FinTech 50:
Get Fiscal is an invoice and cashflow management for small businesses that enables timely working capital loans by connecting to strategic lender partners.
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INIndiaLends
Lending
The FinTech 50:
A digital lending marketplace connecting borrowers and lenders to facilitate an instant loan transaction.
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INJuspay
Payments
The FinTech 50:
Juspay aggregates services across net banking, wallets and cards and offers payments technology solutions to merchants. Clients include Amazon India and Snapdeal. The Bengaluru-based mobile payments startup secured a $5.8m series-A round funding from Accel Partners in February.
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INKetto
Crowd Funding
The FinTech 50:
Ketto is a social network or NGO/social enterprises in India, serving as a platform for companies to raise funds, recruit volunteers, and build partnerships domestically and internationally.
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INMilaap
Crowd Funding
The FinTech 50:
Milaap, which means ‘connecting people’ in Hindi & Urdu, is India’s largest funding platform for social and personal causes. It has shifted its HQ to Singapore, but its operations remain firmly focused on India.
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INPaynear
Payments
The FinTech 50:
Founded in 2013, Paynear is a complete payment solution provider, enabling individuals & businesses of all sizes to easily manage their payment activities.
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INPaytm
Remittance
The FinTech 50:
With 128 million registered users, Paytm is the consumer brand of India’s leading mobile internet company One97 Communications. India’s largest mobile commerce platform anticipates 500m users in the next five years.
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INRazorpay
Payments
The FinTech 50:
Bengalaru-based Razorpay’s payment gateway features an easy to use API, quick integration and simple pricing. Founded in 2013, it raised $9.8m in Series A funding last year.
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INRedCarpet
Remittance
The FinTech 50:
Mobile Wallet with a unique growth strategy around loyalty and coupons.
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INScripbox
Savings
The FinTech 50:
Four-year old Scripbox provides an algorithmic decision based on quantitative data about which mutual funds to buy. Last year, it raised $2.5m Series A funding from Accel Partners and angel investors.
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INTradersCockpit
Trading
The FinTech 50:
The smart trading and Investing portal is ranked India’s #1 in this field with over 50,000 registered users.
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Unocoin
Trading
The FinTech 50:
Founded in 2013, Unocoin is India’s first and largest platform for simple, secure and seamless trading/exchange of bitcoins.
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INWishberry
Crowd Funding
The FinTech 50:
Founded by Anshulika Dubey and Priyanka Agarwal, Mumbai-based Wishberry is a rewards-based crowdfunding platform that enables users to raise funds for their creative and innovative ideas.
The Hot 10 2016:
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GBBrolly
InsurTech
The FinTech 50:
Yet-to-launch Brolly is a personal insurance concierge powered by artificial intelligence. Founded by Aviva alumnus Phoebe Hugh, its mission is to tell customers if they are over or under-insured, have duplicate or missing cover, and if they can get the cover they need at a better price.
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GBClearmatics
Blockchain
The FinTech 50:
Clearmatics is developing next-generation clearing machines for financial OTC markets. Its blockchain platform brings together custodians and end-users on a single platform, where members can settle securities trades and automate the performance of derivatives and other financial contracts using Clearmatics’ Decentralised Clearing Network (DCN) technology.
Company
Clearmatics
Key people
CEO & Founder: Robert Sams
Founded
2015
Funding
Total funding: $13.3M; Latest funding: $12M, Series A - Oct 2018
HQ
London, UK
GBSector
Blockchain
Website
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GBLattice
FinTech
The FinTech 50:
Hong Kong UKTI winner now based in London. Fund managers look set to benefit from technology that promises to give them unprecedented control over portfolio construction and management using the Lattice EPD Platform. Customers include Hermes Asset Management that run the giant BT Pension Scheme.
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GBMonzo
Digital Banking
The FinTech 50:
Monzo (previously Mondo), developers of a mobile banking application designed to offer banking services.
The company's application uses smartphone technology to update balances instantly, give intelligent notifications and track day-to-day financial transactions without any usage fees, enabling customers to get a graphical timeline of their overall expenditures and get control over their spending.
Company
Monzo
Key people
CEO: Tom Blomfield; Founders: Tom Blomfield, Gary Dolman, Paul Rippon, Jonas Huckestein, Jason Bates
Founded
2015
Funding
Most Recent Financing Status (as of 02-Jun-2021)
The company raised GBP 202.44 million of Series G venture funding in a deal led by Novator Partners on December 2, 2020, putting the company's pre-money valuation at GBP 1.04 billion.
Orange Ventures, Stripe, TED, Kaiser Investments, AME Cloud Ventures, TriplePoint Venture Growth, Vetamer Capital, General Catalyst, Accel, Goodwater Capital, Passion Capital, Thrive Capital, Reference Capital (Switzerland), Y Combinator, Vanderbilt University and Octahedron Capital also participated in the round. The deal was led by Novator Partners, Annox Capital with 14 other investors also participating in the round.HQ
London, UK
GBSector
Digital Banking
Website
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GBMoola
Lending
The FinTech 50:
Paradoxically for the brainchild of a quantum physicist, Moo.la is staunchly in favour of making things simple. With a high-profile founder – former Brookes Macdonald Head of Investment Strategy Gemma Godfrey – and a smart-looking platform whose medium adroitly underpins the message, the yet-to-launch online investment manager is an unequivocal one to watch in 2016.
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DEOptioPay
Payments
The FinTech 50:
OptioPay is an online payment platform that increases payments by offering higher-value gift cards as a payment method. The Berlin-based startup is backed by international venture capitalists and banks and now has a team of 30.
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GBOrmsby Street
Big Data / Information
The FinTech 50:
With UK SMEs waiting an average 72 days before the invoices they send out are settled, Ormsby Street provides a platform for small firm bosses seeking to limit their exposure to the cash flow issues caused by late payment. SMEs can now check the financial health of potential customers before extending lines of credit to them. Chosen as one of UKTI’s 33 Tech Ambassadors to attend SXSW 2015 in Austin, Texas. Customers include Barclays Bank.
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DESavedo
Savings
The FinTech 50:
Savedo is an online financial marketplace that allows savers to invest in safe and high-return financial products within the EU. Based in the heart of the Berlin’s tech-scene, Savedo was one of the first ventures launched by startup incubator Finleap.
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GBSETL
Payments, Blockchain
The FinTech 50:
SETL is an initiative to deploy a multi-asset, multi-currency institutional payment and settlements infrastructure based on blockchain technology. The SETL system will enable market participants to move cash and assets directly between each other, facilitating the immediate and final settlement of market transactions. The SETL system maintains a permissioned distributed ledger of ownership and transaction records, simplifying the process of matching, settlement, custody, registration and transaction reporting. In July 2016, Rachel Lomax, the former deputy governor of the Bank of England, and Ed Richards, the former chief executive of broadcast regulator Ofcom joined ex-Barclays chairman Sir David Walker on the board. In February 2017 Setl opened an office in Paris to bring its blockchain offering to the French market, with its strong asset management community, and the wider region. The firm says that the move will improve its capacity to deal with any future regulatory or other changes in the EU financial markets. The Paris office is headed by Pierre Davoust, formerly Deputy Head of the Financial Markets Unit at the French Treasury.
Company
SETL
Key people
CEO & Founder: Peter Randall
Founded
2015
Funding
Latest funding: $39M Series A July 2016
HQ
London, UK
GBSector
Payments, Blockchain
Website
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GBSquawker
Trading
The FinTech 50:
Squawker provides high-touch, negotiation platforms for investment banks, agency brokers, inter-dealer brokers and proprietary trading firms to find liquidity, negotiate and execute trades that are difficult to execute on the order books or in dark pools. The negotiation platform brings together more than 100 sell-side firms, across 13 European countries, to find, negotiate and execute difficult blocks on an anonymous basis.
The Hall of Fame 2016:
Ten FinTechs have featured on our radar since the days when they could reasonably be called startups. Some have made the list three years in a row; all are still innovating. In recognition of their pioneering spirit and competitive staying power, we felt they deserved their own special place within a list of remarkable game-changers. Here, then, are our founding ten members of The FinTech50 Hall of Fame. We look forward to introducing more in future years
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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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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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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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GBFunding Circle
Debt Crowdfunding
The FinTech 50:
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
GBSector
Debt Crowdfunding
Website
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SEiZettle
Mobile Payments
The FinTech 50:
Following a €60m funding in 2015, Swedish Mpos vendor iZettle announced its move into small business financing by providing SMEs with an advance based on future card sales. IZettle was acquired by PayPal in May 2018 for £2.2Bn in a move intended to help accelerate growth and deliver a seamless commerce experience for PayPal’s merchants. PayPal and iZettle brands and operations will be held separately, pending completion of a review. by the UK Competition and Markets Authority.
Company
iZettle
Key people
Founder(s): Jacob de Geer, Magnus Nilsson
Founded
2010
Funding
Total Funding: Acquired by PayPal May 2018 for $2.2Bn
HQ
Stockholm, Sweden
SESector
Mobile Payments
Website
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SEKlarna
Payments
The FinTech 50:
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
SESector
Payments
Website
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GBNutmeg
PFM, Consumer Finance
The FinTech 50:
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
GBSector
PFM, Consumer Finance
Website
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GBTransferWise
FX
The FinTech 50:
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
GBSector
FX
Website
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GBWorldRemit
Remittances
The FinTech 50:
Worldwide, WorldRemit’s 800,000 customers send 1.2m money transfers every month. In September 2018, WorldRemit became the first fintech company in the UK to integrate with WhatsApp. The integration supports WorldRemit’s goal of serving 10 million customers connected to emerging markets by 2020.
Company
WorldRemit
Key people
CEO: Ismail Ahmed; Founder(s): Ismail Ahmed, Catherine Wines
Founded
2010
Funding
Total funding: $407.7M; Latest funding: $175M Series D, June 2019
HQ
London, UK
GBSector
Remittances
Website
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GBZopa
P2P
The FinTech 50:
The first UK lender of its kind, and the pioneer of the peer-to-peer industry, Zopa launched in 2004 with the idea of creating the ‘e-bay for money’. To date, the P2P pioneer’s total lending exceeds £1.3bn, with £530m lent in 2015 alone, double the total of 2014.
Zopa has lent $3.6m to UK borrowers, lending $996m in the past year. It has over 60,000 active individual investors (average amount lent: £13,000) and over 311,000 borrowers, borrowing on average £7,700. Zopa is one of the three initial members of the UK's Peer-to-Peer Finance Association, together with FundingCircle and RateSetter.
Company
Zopa
Key people
CEO: Jaidev Janardana; Founder(s): Giles Andrews, James Alexander, Dave Nicholson
Founded
2005
Funding
Total funding: $169.2M (most recent Venture $44m Aug 2018)
HQ
London, UK
GBSector
P2P
Website