The FinTech50 2016:

  • AimBrain

    GB

    AimBrain

    Security

    :

    AimBrain

    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
    GB

    Sector

    Security

    Website

    aimbrain.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

  • Barzahlen

    DE

    Barzahlen

    Payments

    :

    Barzahlen

    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
    DE

    Sector

    Payments

    Website

    barzahlen.de

  • 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

  • Behavox

    GB

    Behavox

    Security

    :

    Behavox

    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
    GB

    Sector

    Security

    Website

    behavox.com

  • Bima

    SE

    Bima

    Insurance / Microfinance

    :

    Bima

    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
    SE

    Sector

    Insurance / Microfinance

    Website

    bimamobile.com

  • Bitnet

    GB

    Bitnet

    Payments

    :

    Bitnet

    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
    GB

    Sector

    Payments

    Website

    bitnet.io

  • 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

  • Bought By Many

    GB

    Bought By Many

    InsurTech

    :

    Bought By Many

    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
    GB

    Sector

    InsurTech

  • Callsign

    GB

    Callsign

    Security

    :

    Callsign

    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
    GB

    Sector

    Security

    Website

    callsign.com

  • Cognia

    GB

    Cognia

    Compliance

    :

    Cognia

    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
    GB

    Sector

    Compliance

    Website

    cognia.com

  • Contego

    GB

    Contego

    RegTech

    :

    Contego

    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
    GB

    Sector

    RegTech

    Website

    contego.com

  • 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

  • Digital Shadows

    GB

    Digital Shadows

    Cyber Security

    :

    Digital Shadows

    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
    GB

    Sector

    Cyber Security

  • Elliptic

    GB

    Elliptic

    Payments

    :

    Elliptic

    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
    GB

    Sector

    Payments

    Website

    elliptic.co

  • Ethereum

    Ethereum

    Blockchain

    :

    Ethereum

    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

    ethereum.org

  • Everledger

    GB

    Everledger

    Blockchain

    :

    Everledger

    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
    GB

    Sector

    Blockchain

    Website

    everledger.io

  • Fenergo

    IE

    Fenergo

    Big Data

    :

    Fenergo

    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
    IE

    Sector

    Big Data

    Website

    fenergo.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

  • 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

  • Iwoca

    GB

    Iwoca

    Lending

    :

    Iwoca

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

    Company

    Iwoca

    Key people

    CEO: Christoph Rieche; Co-Founder: James Dear

    Founded

    2011

    Funding

    Latest Funding: $27.1M Series C October 2016

    HQ

    London, UK
    GB

    Sector

    Lending

    Website

    iwoca.co.uk

  • Kantox

    GB

    Kantox

    Trading & FX

    :

    Kantox

    Having taken three and a half years to hit $1Bn in transactions, the London-based FX management solution hit its next billion dollars in just eight months. With more than 2,000 corporate clients, 70+ employees and growth of over 200% in 2015, Kantox was also the first financial institution to integrate free and automatic SWIFT messaging into its service, allowing complete traceability of funds transferred. It also secured $11m investment in Series B funding.

    Company

    Kantox

    Key people

    CEO & Founder: Philippe Gelis; Co-Founders: Antonio Rami, John Carbajal

    Founded

    2011

    Funding

    Total: $21.12M

    HQ

    London, UK
    GB

    Sector

    Trading & FX

    Website

    kantox.com

  • Kaymera

    IL

    Kaymera

    Security

    :

    Kaymera

    Founded by veterans in the cyber industry, Kaymera delivers a highly sophisticated defence system to protect organizations, governments and individuals from all mobile security threats, while supporting freedom of use on popular smartphone models. In February 2016, it announced a $10m funding round as it continues to secure business from tier-one banks, and includes governments, global law firms and family offices among its fast-growing client base.

    Company

    Kaymera

    Key people

    CEO & Founder: Avi Rosen

    Founded

    2013

    HQ

    Tel Aviv, Israel
    IL

    Sector

    Security

    Website

    kaymera.com

  • Knip

    CH

    Knip

    InsurTech

    :

    Knip

    Knip’s mobile insurance manager bundles customers’ insurance products into one app which had seen 330k downloads in Germany and Switzerland by Oct 2015. Customers get an overview of their insurances, see how much they have to pay for each one, when they have to pay and for how long their insurance contract is valid. The Swiss start-up also secured $15.7m Series B, the largest FinTech investment in Switzerland to date. Knip builds its own backend and data science to automatically provide advice on better, cheaper and missing insurance coverage and by being a full stack broker that owns the entire insurance broker process.

    Company

    Knip

    Key people

    CEO & Founder: Dennis Just; Co-Founder: Christina Kehl

    Founded

    2013

    HQ

    Zürich, Switzerland
    CH

    Sector

    InsurTech

    Website

    knip.c

  • 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

  • MarketInvoice

    GB

    MarketInvoice

    Lending

    :

    MarketInvoice

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

    Company

    MarketInvoice

    Key people

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

    Founded

    2011

    Funding

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

    HQ

    London, UK
    GB

    Sector

    Lending

  • Meniga

    GB

    Meniga

    Banking

    :

    Meniga

    Meniga is the European market leader of the white-label Personal Finance Management (PFM) and next-generation online banking solutions. Meniga helps multiple retail banks across the world create mutually beneficial digital relationships with their customers by dramatically improving their online and mobile banking user experience. In April 2017, Meniga raised $7.98M in new funding, bringing the total raised to $22.7M. In June 2017, Meniga announced that Islandsbanki, one of Iceland's leading banks, has deployed its Card Linked Offer (CLO) program to provide their digital banking customers with personalised and relevant discounts from local merchants.

    Company

    Meniga

    Key people

    CEO & Founder: Georg Ludviksson
    Co-Founder: Viggo Asgeirsson

    Founded

    2009

    Funding

    Total: $22.75M / Investors: Frumtak Venture Capital and Kjolfesta

    HQ

    London, UK
    GB

    Sector

    Banking

    Website

    meniga.com

  • Monetas

    CH

    Monetas

    Payments

    :

    Monetas

    Bitcoin-inspired payments platformMonetas’ advanced crypto-transaction technology uses a Blockchain secured digital notary to enable all kinds of financial and legal transactions, public or private, worldwide. In 2015, the Zug-based business partnered with the Tunisian Post Office and DigitUs to offer nationwide access to instant, secure, and affordable merchant payments and remittances. Monetas is currently working with several African partners to provide coverage to 12 markets in 2016. These partnerships will bring more than 300 million people into a future of financial inclusion.

    Company

    Monetas

    Key people

    CEO & Founder: Johann Gevers

    Founded

    2012

    HQ

    Zug, Switzerland
    CH

    Sector

    Payments

    Website

    monetas.ne

  • Number26

    DE

    Number26

    Banking

    :

    Number26

    The smartphone-first German “Bank of the Future” won 80,000 users within one year of launch and expanded into 6 new European territories. The digital bank is already defying a key FinTech trend by “re”-bundling, forming strategic partnerships with other FinTechs, including Barzahlen and TransferWise. Tie-ups with other financial services are on the cards, as Number26 looks to become an essential financial gateway across Europe.

    Company

    Number26

    Key people

    CEO & Founder: Valentin Stalf

    Founded

    2013

    HQ

    Berlin, Germany
    DE

    Sector

    Banking

    Website

    number26.de

  • Onfido

    GB

    Onfido

    Compliance, Risk, Regulation

    :

    Onfido

    Onfido, developer of a verification platform intended to automate the identity verification process.

    Deploying AI and using Government IDs and facial biometrics to ensure that IDs are a genuine match with the users presenting them. Onfido powers over 1,500 fintech, banking and marketplace clients globally—helping them onboard more users while reducing risk.

    The company raised GBP 65.19 million of Series C2 venture funding in a deal led by Salesforce Ventures and SBI Investment in April 2019.

    The funds will be used to consolidate the company's core market in the USA, accelerate expansion into high-growth regions including Europe and South-East Asia, as well as advance product development.

    Company

    Onfido

    Key people

    CEO: Husayn Kassai; Founders: Husayn Kassai, Eamon Jubbawy, Ruhul Amin

    Founded

    2012

    Funding

    Latest Funding: $50M Series C, April 2019; Total Funding: $110.3M - Lead Investors: Augmentum, SoftBank

    HQ

    London, UK
    GB

    Sector

    Compliance, Risk, Regulation

    Website

    onfido.com/gb

  • Personetics

    IL

    Personetics

    Analytics

    :

    Personetics

    The Personetics Predictive Analytics platform empowers banks to analyse vast amounts of customer data on-the-fly to accurately identify and anticipate individual customer needs. In January, the Tel Aviv based company with offices in London and New York announced that it had signed several seven-figure contracts with major global banks and card issuers that will extend the deployment of its personalized digital banking technology to over 15 million users.

    Personetics say:The banks we are working with are seeing an impressive lift in satisfaction and engagement rates as a result of delivering personalized insights and advice to their digital customers.

    Company

    Personetics

    Key people

    CEO & Co-Founder: David Sosna

    Founded

    2010

    HQ

    Tel Aviv, Israel
    IL

    Sector

    Analytics

    Website

    ersonetics.com

  • Pockit

    GB

    Pockit

    Banking

    :

    Pockit

    Pockit provides underserved and unbanked consumers in the UK an account into which they can get salary/benefits paid or fund with cash at 28,000 locations in the UK. A card allows them to transact online and on the high street, pay bills and share money with friends/family. The London-based business now has 60,000 customers and processed £30m in 2015 – a year which saw it grow 500% on almost every metric: customers, money in, money out, balances held on account and revenue. Pockit also signed distribution partnerships with two housing associations in the UK and one of the largest recruitment companies to allow its temporary contractors (200,000) to get paid into Pockit accounts.

    Company

    Pockit

    Key people

    CEO & Founder: Virraj Jatania

    Founded

    2013

    HQ

    London, UK
    GB

    Sector

    Banking

    Website

    ockit.com

  • Prodigy Finance

    GB

    Prodigy Finance

    Lending

    :

    Prodigy Finance

    With $40m disbursed to date and 3887 students funded, Prodigy Finance considers itself a social enterprise. 75% of its student borrowers come from the developing world and 34% from BRIC nations alone. The majority return to their home countries after graduation, bringing back global business networks and learning to develop their home regions. So far, Prodigy Finance has funded at least 8 entrepreneurs who have created jobs in, India, Canada and the UK.

    Company

    Prodigy Finance

    Key people

    CEO & Founder: Cameron Stevens

    Founded

    2007

    HQ

    London, UK
    GB

    Sector

    Lending

  • Property Partner

    GB

    Property Partner

    Lending

    :

    Property Partner

    Property Partner allows anyone to invest in an individual property of their choice, with as little or as much they wish, so that they can own a share, receive rental income and access capital growth. As of March 2016, the London based business, just over 12 months old, had crowdfunded 170 properties with a total of more than £25m invested on the platform. Over £4m had been invested on its unique secondary market, which allows investors to trade property shares with other investors, and exit the market at a time and price of their choosing.

    Company

    Property Partner

    Key people

    CEO & Founder: Dan Gandesha

    Founded

    2014

    HQ

    London, UK
    GB

    Sector

    Lending

  • QuanTemplate

    GB

    QuanTemplate

    InsurTech

    :

    QuanTemplate

    Backed by Allianz and Anthemis Group, and formed by experienced re-insurance executives, QuanTemplate emerged from Barclays Techstars’ first cohort in 2013 and secured $7.8m Series A investment September 2015. Through QuanTemplate’s secure web-based platform, underwriters and brokers can conduct all operational activities required to trade in the $4.6tn insurance market (6.7% of global GDP), while optimising their risk in real-time, all the time.

    Director Says: QuanTemplate’s dedicated insurance software will assist in unlocking the enormous wealth of data that its clients hold, and transform the analytics process.

    Company

    QuanTemplate

    Key people

    CEO & Founder: Adrian Rands; Co-Founder: Marek Nelken

    Founded

    2011

    HQ

    London, UK
    GB

    Sector

    InsurTech

  • Raisin

    DE

    Raisin

    Savings, Investment marketplace

    :

    Raisin

    Raisan is a financial marketplace that provides customers with access to the profitable deposit rates across Europe.

    The companys platform allows users the option to choose savings and investments products, ranging from overnight flexible savings to long-term deposits and other offers from dozens of institutions across Europe, enabling individuals and businesses to earn higher returns by depositing money in different countries with higher interest rates.

    Company

    Raisin

    Key people

    CEO: Tamaz Georgadze; Founders: Tamaz Georgadze, Frank Freund, Michael Stephan

    Founded

    2013

    Funding

    Total Funding: $206M; Latest Funding: $28M, Venture Round - July 2019, Goldman Sachs

    HQ

    Berlin, Germany
    DE

    Sector

    Savings, Investment marketplace

    Website

    raisin.com

  • RateSetter

    GB

    RateSetter

    Lending

    :

    RateSetter

    RateSetter is a marketplace where the rates are set by investors and borrowers. The platform hit a number of significant milestones in 2017 including collecting £1bn of repayments, investors having now earned more than £60m in total interest and more than £1.75bn of loans being delivered to borrowers across the UK. Ratesetter launched the first P2P SIPP option in 2016 and expects to launch its Innovative Finance ISA later this year. Its TrustPilot score is 9.8 from 2500+ reviews.

    Company

    RateSetter

    Key people

    CEO: Rhydian Lewis; Founders: Rhydian Lewis, Peter Behrens

    Founded

    2010

    HQ

    London, UK
    GB

    Sector

    Lending

    Website

    ratesetter.com

  • Ravelin

    GB

    Ravelin

    Security

    :

    Ravelin

    Ravelin examines visitor and payment data in real time, telling systems which customers to allow, prevent or flag for review. From an idea in January 2015, Ravelin has acquired 13 staff, 2 rounds of funding totalling £1.6m from leading FinTech investors, and a customer base of 12 companies, including some of the leading names in the on-demand economy. On the technical front Ravelin has built a super-scalable platform on the cloud, and developed ML models that are reducing fraud by over 50% MoM.

    Company

    Ravelin

    Key people

    CEO & Founder: Martin Sweeney; Co-Founders: Mairtin O’Raida, Leonard Austin, Nick Lally

    Founded

    2015

    HQ

    London, UK
    GB

    Sector

    Security

    Website

    ravelin.com

  • Revolut

    GB

    Revolut

    Digital Banking, peer to peer payments, currency exchange

    :

    Revolut

    Revolut is digital banking application designed to help in global money transfer.

    The application compares live exchange rates for multiple currencies and makes transfers directly to other's bank accounts, as well as helps its users to track and optimize their monthly expenses, buy and sell crypto currencies, enabling consumers to send, spend and exchange money instantly across a secured environment.

    Previously, the company raised $250 million of Series C venture funding in a deal led by DST Global in April 2018, putting the company's pre-money valuation at $1.45 billion.

    Company

    Revolut

    Key people

    Founders: Nikolay Storonsky (CEO), Vlad Yatsenko

    Founded

    2015

    Funding

    Total Funding: $336.4M; Latest Funding: Venture round, March 2019

    HQ

    London, UK
    GB

    Sector

    Digital Banking, peer to peer payments, currency exchange

    Website

    revolut.com

  • Spotcap

    DE

    Spotcap

    Lending

    :

    Spotcap

    Spotcap assesses the real-time performance of businesses to grant short-term credit lines and loans to SME businesses. The company uses credit-scoring technology that directly evaluates real-life business data to provide fast and flexible financing. Headquartered in Berlin, with local offices in Madrid, Amsterdam, and Sydney, the Rocket internet-backed company raised its third funding round in 18 months when it secured $31.5m in February to further fuel international expansion.

    Company

    Spotcap

    Key people

    CEO & Founder: Toby Triebel; Co-Founder: Jens Woloszczak

    Founded

    2014

    HQ

    Berlin, Germany
    DE

    Sector

    Lending

    Website

    otcap.com

  • Suade

    GB

    Suade

    Finance, Compliance, Risk & Regulation

    :

    Suade

    Suade’s regulatory software allows banks to achieve continuous compliance, manage their costs and easily conduct regulatory analysis. In 2016 it launched the FIRE Data Format, an open source project to create a standard for regulatory data, sponsored by the European Commission and the ODI. The London-based RegTech pioneer keeps growing its team and increasing its revenue. Suade is bridging the regulatory gap through modern technology that allows for new methods of supervision.

    Company

    Suade

    Key people

    CEO: Diana Paredes; Founders: Diana Paredes, Murat Abur

    Founded

    2014

    HQ

    London, UK
    GB

    Sector

    Finance, Compliance, Risk & Regulation

    Website

    uade.org

  • 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

  • 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

  • Tradle

    GB

    Tradle

    Big Data / Information

    :

    Tradle

    Tradle puts the user in control of their KYC process and data using the blockchain. An alumnus of StartupBootCamp’s FinTech Accelerator, Tradle launched its first app, Trust in Motion (TiM), to allow users to start a secure line of communications and go on-the-record to exchange documents, verifications, attributions and agreements. Resulting records are stored securely and irrevocably with global permission-less access and high resilience to hackers, spying and take down demands. Tradle claims to be the first solution to put the user in control of their KYC process and data, and allow banks to make that process and data easily auditable to regulators.

    Company

    Tradle

    Key people

    CEO & Founder: Gene Vayngrib; Co-Founders: Ellen Katsnelson, Mark Vayngrib

    Founded

    2014

    HQ

    London, UK
    GB

    Sector

    Big Data / Information

    Website

    radle.io

  • 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

  • WeaveWorks

    GB

    WeaveWorks

    Open Source

    :

    WeaveWorks

    London-based Weaveworks enables dev/ops teams to create, monitor and control microservices without lock-in to one specific container platform. Weave stands the traditional infrastructure-centric model on its head. Instead of provisioning infrastructure and then fitting applications to it, Weave starts with an application and moulds the necessary infrastructure around it.

    Our panel put it this way: For banks to continue to play a leading role in the increasingly mobile and smartphone centred world of their customers, containerization will be one of the principle application models they need to adopt. Weaveworks is developing technologies that will greatly assist in this and is “one to watch.”

    Company

    WeaveWorks

    Key people

    CEO & Founder: Alexis Richardson; Co-Founder: Matthias Radestock

    Founded

    2014

    HQ

    London, UK
    GB

    Sector

    Open Source

    Website

    eave.work

  • Yoyo

    GB

    Yoyo

    Payments

    :

    Yoyo

    Yoyo lets users automatically collect points and stamps without the hassle of having to think about it. Users instantly receive vouchers for rewards and in-app purchases, and get digital receipts sent straight to their phones. For the retailer, Yoyo provides insight and the integrated marketing tools they need to reach targeted customer segments, drive sales, increase revenue, and offer an elevated customer experience. Yoyo Wallet is the fastest growing and largest multi-retailer mobile wallet in the UK and recently won Retail Systems’ 2015 Mobile Technology System of the Year. In July 2014, Yoyo was named as one of the Top 10 hottest startups in London by WIRED UK magazine.

    Company

    Yoyo

    Key people

    CEO & Founder: Alain Falys; Co-Founders: Michael Ralph, Dave Nicolson

    Founded

    2013

    HQ

    London, UK
    GB

    Sector

    Payments

    Website

    yoyowallet.com

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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.

  • 8 Securities

    HK

    8 Securities

    Trading

    :

    8 Securities

    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.

    Company

    8 Securities

    HQ

    Hong Kong
    HK

    Sector

    Trading

    Website

    8securities.com

  • Aidyia

    HK

    Aidyia

    Analytics

    :

    Aidyia

    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

    Company

    Aidyia

    HQ

    Hong Kong
    HK

    Sector

    Analytics

    Website

    aidyia.com

  • AMP Credit Technologies

    HK

    AMP Credit Technologies

    Lending

    :

    AMP Credit Technologies

    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.

    Company

    AMP Credit Technologies

    HQ

    Hong Kong
    HK

    Sector

    Lending

  • APrivacy

    HK

    APrivacy

    Security

    :

    APrivacy

    An award-winning FinTech that provides the banking industry with information security and tracking services.

    Company

    APrivacy

    HQ

    Hong Kong
    HK

    Sector

    Security

    Website

    aprivacy.com

  • AsiaPay

    HK

    AsiaPay

    Payments

    :

    AsiaPay

    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.

    Company

    AsiaPay

    HQ

    Hong Kong
    HK

    Sector

    Payments

    Website

    asiapay.com

  • Cashyou

    HK

    Cashyou

    Remittance

    :

    Cashyou

    A mobile social app which allows person-to-person payment with no fees, using NFC, QR code or online.

    Company

    Cashyou

    HQ

    Hong Kong
    HK

    Sector

    Remittance

    Website

    cashyou.hk

  • Currenxie

    HK

    Currenxie

    Trading & FX

    :

    Currenxie

    P2P FX specialist that provides businesses with cost effective and transparent foreign exchange services.

    Company

    Currenxie

    HQ

    Hong Kong
    HK

    Sector

    Trading & FX

    Website

    currenxie.com

  • DemystData

    HK

    DemystData

    Analytics

    :

    DemystData

    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.

    Company

    DemystData

    HQ

    Hong Kong
    HK

    Sector

    Analytics

    Website

    demystdata.com

  • Ibox

    HK

    Ibox

    Payments

    :

    Ibox

    A mobile point-of-sale (mPOS) company enabling debit and credit card payments through smart phones or tablets.

    Company

    Ibox

    HQ

    Hong Kong
    HK

    Sector

    Payments

    Website

    iboxmpos.com

  • InvestLab

    HK

    InvestLab

    Trading

    :

    InvestLab

    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.

    Company

    InvestLab

    HQ

    Hong Kong
    HK

    Sector

    Trading

    Website

    investlab.com

  • Ironfly Technologies

    HK

    Ironfly Technologies

    Asset/Risk Management

    :

    Ironfly Technologies

    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
    HK

    Sector

    Asset/Risk Management

  • Lenddo

    HK

    Lenddo

    Lending

    :

    Lenddo

    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.

    Company

    Lenddo

    HQ

    Hong Kong
    HK

    Sector

    Lending

    Website

    lenddo.com

  • Monexo Innovations

    HK

    Monexo Innovations

    Lending

    :

    Monexo Innovations

    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.

    Company

    Monexo Innovations

    HQ

    Hong Kong
    HK

    Sector

    Lending

    Website

    monexo.co

  • MoneyHero

    HK

    MoneyHero

    Analytics

    :

    MoneyHero

    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.

    Company

    MoneyHero

    HQ

    Hong Kong
    HK

    Sector

    Analytics

  • Neat

    HK

    Neat

    Remittance

    :

    Neat

    Mobile banking for the Millennial generation that makes sure you keep on top of your spending budget automatically.

    Company

    Neat

    HQ

    Hong Kong
    HK

    Sector

    Remittance

    Website

    neat.hk

  • PassKit

    HK

    PassKit

    Remittance

    :

    PassKit

    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.

    Company

    PassKit

    HQ

    Hong Kong
    HK

    Sector

    Remittance

    Website

    asskit.com

  • Prive

    HK

    Prive

    Asset/Risk Management

    :

    Prive

    An integrated wealth management platform and winner of The Asian Private Banker Technology Award 2015 - Best Provider of External Asset Management Solutions.

    Company

    Prive

    HQ

    Hong Kong
    HK

    Sector

    Asset/Risk Management

  • Quantifeed

    HK

    Quantifeed

    Asset/Risk Management

    :

    Quantifeed

    Digital wealth management solutions / Robo platform offering a white label platform to online brokers, consumer banks and wealth managers.

    Company

    Quantifeed

    HQ

    Hong Kong
    HK

    Sector

    Asset/Risk Management

    Website

    quantifeed.com

  • WeLend

    HK

    WeLend

    Lending

    :

    WeLend

    An online low interest lending platform that enables users to borrow money on a personal loan.

    Company

    WeLend

    HQ

    Hong Kong
    HK

    Sector

    Lending

    Website

    elend.hk

  • Xnotes Alliance

    HK

    Xnotes Alliance

    Payments

    :

    Xnotes Alliance

    A peer-to-peer decentralized transaction network using blockchain. In March it partnered with Freecharge which has 1 million users per day.

    Company

    Xnotes Alliance

    HQ

    Hong Kong
    HK

    Sector

    Payments

    Website

    xnotes.com

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.

  • BankBazaar

    IN

    BankBazaar

    InsurTech

    :

    BankBazaar

    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.

    Company

    BankBazaar

    HQ

    India
    IN

    Sector

    InsurTech

    Website

    bankbazaar.com

  • BetterPlace Safety Solutions

    IN

    BetterPlace Safety Solutions

    Analytics

    :

    BetterPlace Safety Solutions

    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.

    Company

    BetterPlace Safety Solutions

    HQ

    India
    IN

    Sector

    Analytics

  • CitrusPay

    IN

    CitrusPay

    Payments

    :

    CitrusPay

    The payment gateway company has over 15m users. In March 2016, it announced a tie-up with Facebook for cards and net banking transactions.

    Company

    CitrusPay

    HQ

    India
    IN

    Sector

    Payments

    Website

    citruspay.com

  • Coverfox

    IN

    Coverfox

    InsurTech

    :

    Coverfox

    Online insurance portal helping users to search, buy, compare and understand insurance.

    Company

    Coverfox

    HQ

    India
    IN

    Sector

    InsurTech

    Website

    coverfox.in

  • Ezetap

    IN

    Ezetap

    Remittance

    :

    Ezetap

    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.

    Company

    Ezetap

    HQ

    India
    IN

    Sector

    Remittance

    Website

    ezetap.com

  • ftcash

    IN

    ftcash

    Payments

    :

    ftcash

    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.

    Company

    ftcash

    HQ

    India
    IN

    Sector

    Payments

    Website

    ftcash.com

  • FundsIndia

    IN

    FundsIndia

    Savings

    :

    FundsIndia

    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.

    Company

    FundsIndia

    HQ

    India
    IN

    Sector

    Savings

    Website

    fundsindia.com

  • Get Fiscal

    IN

    Get Fiscal

    Lending

    :

    Get Fiscal

    Get Fiscal is an invoice and cashflow management for small businesses that enables timely working capital loans by connecting to strategic lender partners.

    Company

    Get Fiscal

    HQ

    India
    IN

    Sector

    Lending

    Website

    getfiscal.in

  • IndiaLends

    IN

    IndiaLends

    Lending

    :

    IndiaLends

    A digital lending marketplace connecting borrowers and lenders to facilitate an instant loan transaction.

    Company

    IndiaLends

    HQ

    India
    IN

    Sector

    Lending

    Website

    indialends.com

  • Juspay

    IN

    Juspay

    Payments

    :

    Juspay

    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.

    Company

    Juspay

    HQ

    India
    IN

    Sector

    Payments

    Website

    juspay.in

  • Ketto

    IN

    Ketto

    Crowd Funding

    :

    Ketto

    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.

    Company

    Ketto

    HQ

    India
    IN

    Sector

    Crowd Funding

    Website

    ketto.org

  • Milaap

    IN

    Milaap

    Crowd Funding

    :

    Milaap

    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.

    Company

    Milaap

    HQ

    India
    IN

    Sector

    Crowd Funding

    Website

    milaap.org

  • Paynear

    IN

    Paynear

    Payments

    :

    Paynear

    Founded in 2013, Paynear is a complete payment solution provider, enabling individuals & businesses of all sizes to easily manage their payment activities.

    Company

    Paynear

    HQ

    India
    IN

    Sector

    Payments

    Website

    aynear.in

  • Paytm

    IN

    Paytm

    Remittance

    :

    Paytm

    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.

    Company

    Paytm

    HQ

    India
    IN

    Sector

    Remittance

    Website

    aytm.com

  • Razorpay

    IN

    Razorpay

    Payments

    :

    Razorpay

    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.

    Company

    Razorpay

    HQ

    India
    IN

    Sector

    Payments

    Website

    razorpay.com

  • RedCarpet

    IN

    RedCarpet

    Remittance

    :

    RedCarpet

    Mobile Wallet with a unique growth strategy around loyalty and coupons.

    Company

    RedCarpet

    HQ

    India
    IN

    Sector

    Remittance

    Website

    redcarpetup.com

  • Scripbox

    IN

    Scripbox

    Savings

    :

    Scripbox

    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.

    Company

    Scripbox

    HQ

    India
    IN

    Sector

    Savings

    Website

    cripbox.com

  • TradersCockpit

    IN

    TradersCockpit

    Trading

    :

    TradersCockpit

    The smart trading and Investing portal is ranked India’s #1 in this field with over 50,000 registered users.

    Company

    TradersCockpit

    HQ

    India
    IN

    Sector

    Trading

  • Unocoin

    Unocoin

    Trading

    :

    Unocoin

    Founded in 2013, Unocoin is India’s first and largest platform for simple, secure and seamless trading/exchange of bitcoins.

    Company

    Unocoin

    HQ


    Sector

    Trading

    Website

    unocoin.com

  • Wishberry

    IN

    Wishberry

    Crowd Funding

    :

    Wishberry

    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.

    Company

    Wishberry

    HQ

    India
    IN

    Sector

    Crowd Funding

    Website

    ishberry.in

The Hot 10 2016:

  • Brolly

    GB

    Brolly

    InsurTech

    :

    Brolly

    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.

    Company

    Brolly

    HQ

    London, UK
    GB

    Sector

    InsurTech

    Website

    eybrolly.com

  • Clearmatics

    GB

    Clearmatics

    Blockchain

    :

    Clearmatics

    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
    GB

    Sector

    Blockchain

    Website

    clearmatics.com

  • Lattice

    GB

    Lattice

    FinTech

    :

    Lattice

    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.

    Company

    Lattice

    HQ

    London, UK
    GB

    Sector

    FinTech

  • Monzo

    GB

    Monzo

    Digital Banking

    :

    Monzo

    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
    GB

    Sector

    Digital Banking

    Website

    monzo.com

  • Moola

    GB

    Moola

    Lending

    :

    Moola

    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.

    Company

    Moola

    HQ

    London, UK
    GB

    Sector

    Lending

    Website

    moo.la

  • OptioPay

    DE

    OptioPay

    Payments

    :

    OptioPay

    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.

    Company

    OptioPay

    HQ

    Berlin, Germany
    DE

    Sector

    Payments

    Website

    optiopay.com

  • Ormsby Street

    GB

    Ormsby Street

    Big Data / Information

    :

    Ormsby Street

    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.

    Company

    Ormsby Street

    HQ

    London, UK
    GB

    Sector

    Big Data / Information

  • Savedo

    DE

    Savedo

    Savings

    :

    Savedo

    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.

    Company

    Savedo

    HQ

    Berlin, Germany
    DE

    Sector

    Savings

    Website

    avedo.de

  • SETL

    GB

    SETL

    Payments, Blockchain

    :

    SETL

    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
    GB

    Sector

    Payments, Blockchain

    Website

    etl.io

  • Squawker

    GB

    Squawker

    Trading

    :

    Squawker

    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.

    Company

    Squawker

    HQ

    London, UK
    GB

    Sector

    Trading

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

  • 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

  • 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

  • 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

  • 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

  • iZettle

    SE

    iZettle

    Mobile Payments

    :

    iZettle

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

    Company

    iZettle

    Key people

    Founder(s): Jacob de Geer, Magnus Nilsson

    Founded

    2010

    Funding

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

    HQ

    Stockholm, Sweden
    SE

    Sector

    Mobile Payments

    Website

    izettle.com

  • Klarna

    SE

    Klarna

    Payments

    :

    Klarna

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

    Company

    Klarna

    Key people

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

    Founded

    2005

    Funding

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

    HQ

    Stockholm, Sweden
    SE

    Sector

    Payments

    Website

    klarna.com

  • 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

  • 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

  • WorldRemit

    GB

    WorldRemit

    Remittances

    :

    WorldRemit

    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
    GB

    Sector

    Remittances

    Website

    orldremit.com

  • Zopa

    GB

    Zopa

    P2P

    :

    Zopa

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

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

    Company

    Zopa

    Key people

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

    Founded

    2005

    Funding

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

    HQ

    London, UK
    GB

    Sector

    P2P

    Website

    zopa.com