The FinTech50 2017:

  • Action.ai

    GB

    Action.ai

    AI

    :

    Action.ai

    action.ai is building a pioneering B2B2C Smart Chatbot messaging platform to enable enterprises to create out-of-the-box smart Chatbots for their customer base. action.ai solves the hardest part of building an Intelligent Chatbot – understanding users’ requests to enable human-like responses.

    Company

    Action.ai

    Key people

    CEO & Founder: Dr John Taylor; CTO & Co-Founder: Dr Richard Tolcher

    Founded

    2015

    Funding

    Latest: $1.25M (January 2017)

    HQ

    London, UK
    GB

    Sector

    AI

    Website

    action.ai

  • AdviceRobo

    NL

    AdviceRobo

    Analytics

    :

    AdviceRobo

    AdviceRobo offers financial services providers and their clients tools and technology to reduce financial stress, by addressing both risks as well as offering opportunities to achieve financial goals. The platform offers an intelligent dashboard for financial services providers that collects data from over 1,000 data points together with an activation tool for their customers, the Agent. The business launched CreditRobo onto the UK market in December 2016.

    Company

    AdviceRobo

    Key people

    CEO & Founder: Diederick van Thiel; Co-Founder: Rosali Steenkamer

    Founded

    2013

    Funding

    Total: $1.67M

    HQ

    Amsterdam, Netherlands
    NL

    Sector

    Analytics

    Website

    advicerobo.com

  • Aire

    GB

    Aire

    Lending

    :

    Aire

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

    Company

    Aire

    Key people

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

    Founded

    2014

    Funding

    Total: $7M

    HQ

    London, UK
    GB

    Sector

    Lending

    Website

    aire.io

  • 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

  • AQMetrics

    IE

    AQMetrics

    RegTech

    :

    AQMetrics

    AQMetrics provides integrated capital markets surveillance and compliance solutions to alternative investment management and broker/dealer companies. Through its suite of cloud based solutions, AQMetrics supports a full range of global regulatory reporting for recent and emerging directives including MAD II, MiFID II and the AIFM Directive. The firm also provides a complete reporting solution that enables risk aggregation and is based on OPERA. AQMetrics proprietary risk analytics empowers the automation of traditionally resource-intensive and error-prone processes to ensure intuitive, fast, and cost effective electronic compliance risk management, regulatory reporting and document management.

    In January, the Maynooth based RegTech announced it was looking to double headcount and open an office in mainland Europe on the back of a number of recent big contract wins.

    Company

    AQMetrics

    Key people

    CEO & Founder: Geraldine Gibson

    Founded

    2012

    Funding

    Total funding: £5.8m
    Most Recent Financing Status
    (as of 20-Dec-2018)
    The company raised EUR 3 million of venture funding from Bluff Point Associates, ACT Venture Capital and Frontline Ventures on December 7, 2018. The funds will be used to help financial firms keep up with regulations.

    HQ

    Kildare, Ireland
    IE

    Sector

    RegTech

    Website

    aqmetrics.com

  • Atom Bank

    GB

    Atom Bank

    Banking

    :

    Atom Bank

    Atom Bank was authorised as a bank in June 2015. Founder and chairman Anthony Thomson was the co-founder of the UK’s low-cost flexible banking outfit Metro Bank. And CEO Mark Mullen, the former chief executive of first direct, HSBC’s ground-breaking telephone/online-only bank. Designed by a team of engineers from the gaming industry, Atom's square focus is on providing a financial experience that meets customer expectations. In 2016 it launched a range of products, including one and two-Year Fixed Saver accounts, Digital Mortgages and Secured Business Lending to SMEs. By Dec it held £110m in deposits for its fixed saver account.

    Company

    Atom Bank

    Key people

    Founder / Chairman: Anthony Thomson; CEO: Mark Mullen

    Founded

    2014

    Funding

    Total: $306.1M

    HQ

    London, UK
    GB

    Sector

    Banking

    Website

    atombank.co.uk

  • Azimo

    GB

    Azimo

    Money transfer, Remittances, Financial inclusion

    :

    Azimo

    Developer of an online platform designed to provide a better way to transfer money around the world.

    Azimo is created with the explicit mission of cutting the costs of sending money home. Its international money transfer platform allows to send money either to a bank account or to over 270,000 cash pick-up points around the world and is accessible via mobile devices to send money to over 190 countries from any internet-connected device in a secure and efficient manner.

    Company

    Azimo

    Key people

    CEO: Richard Ambrose; Founder(s): Ricky Knox, Michael Kent, Marta Krupinska

    Founded

    2012

    Funding

    Total funding: $66M; Latest funding: $20M Series C May 2018

    HQ

    London, UK
    GB

    Sector

    Money transfer, Remittances, Financial inclusion

    Website

    azimo.com

  • Behaviosec

    SE

    Behaviosec

    Biometrics, Security

    :

    Behaviosec

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

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

    Company

    Behaviosec

    Key people

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

    Founded

    2007

    Funding

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

    HQ

    Luleå, Sweden
    SE

    Sector

    Biometrics, Security

    Website

    behaviosec.com

  • Bonify

    DE

    Bonify

    Big Data / Information

    :

    Bonify

    Bonify enables customers to benefit from their credit scoring and financial data. The Berlin-based startup give customers free & easy access to their credit score and let them upload additional relevant data. The company then offers tools and personalized recommendations to help optimize customers' financial situation.

    Company

    Bonify

    Key people

    Founder & CEO: Gamal Moukabary; Co-Founders: Jan Ortmann, Andreas Bermig, Josef Korte

    Founded

    2015

    Funding

    Total: $5.84M / Lead Investor: Mosaic Ventures

    HQ

    Berlin, Germany
    DE

    Sector

    Big Data / Information

    Website

    bonify.de

  • 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

  • Clearscore

    GB

    Clearscore

    Credit Reporting

    :

    Clearscore

    Provider of free access to credit scores and reports intended to help users achieve greater financial well-being.

    The company's credit scores and reports help users to consolidate their personal debts and repay them via a low-interest, fixed-rate loan, enabling users to plan for the future and make more informed and responsible decisions about how they manage their debt.

    Company

    Clearscore

    Key people

    Founders: Justin Basini (CEO), Dan Cobley, Nigel Morris

    Founded

    2014

    Funding

    Total raised to date £154M with a post money valuation £503m as of June 2021
    Most Recent Financing Status(as of 28-Jun-2021)
    The company raised GBP 144 million of venture funding from Invus Opportunities on June 25, 2021, putting the company's pre-money valuation at GBP 359 million. The funds will be used to expand ClearScore's workforce, product portfolio and customer base.

    HQ

    London, UK
    GB

    Sector

    Credit Reporting

    Website

    clearscore.com

  • Comply advantage

    GB

    Comply advantage

    AML, Compliance, RegTech

    :

    Comply advantage

    ComplyAdvantage provide data intelligence to help firms understand the risk of who they’re doing business with, while automating compliance and risk processes.

    The company's platform provides real-time insights into the risk of companies globally and changes how companies assess who they're doing business with, while automating compliance and risk processes, enabling firms make intelligent risk decisions faster. ComplyAdvantage’s suite of plug-and-play configurable cloud services seamlessly integrate to help automate and comply with Sanctions, AML and CTF regulations.

    Company

    Comply advantage

    Key people

    CEO / Founder: Charles Delingpole

    Founded

    2014

    Funding

    Total funding: $38.2M; Latest funding: $30M, Series B, Jan 2019 - Index Ventures, Balderton Capital

    HQ

    London, UK
    GB

    Sector

    AML, Compliance, RegTech

  • 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

  • Curve

    GB

    Curve

    Mobile Payments

    :

    Curve

    Curve is on a mission to simplify the way people spend and save their money. With old banks, new banks, credit cards, travel cards, investment apps, loyalty schemes and more, people are inundated with choice in a fragmented financial world. Backed by a who's who of VCs and fintech influencers, the London-based start-up is solving the problem by combining all of your bank cards into one Curve MasterCard, and all of your banking services into one powerful mobile app. In July 2017, Curve announced Series A funding of $10M from a wide range of investors, including Connect Ventures, Santander InnoVentures and Investec.

    Company

    Curve

    Key people

    CEO & Founder: Shachar Bialick

    Founded

    2015

    Funding

    Latest investment: $10M Series A July 2017; Total investment: $12M

    HQ

    London, UK
    GB

    Sector

    Mobile Payments

  • Cuvva

    GB

    Cuvva

    Insurance

    :

    Cuvva

    Cuvva provides insurance services designed to connect customers directly with insurers. The company's services offer an application based, pay-as-you-drive and motor insurance platform offering comprehensive cover within minutes and 24/7 customer support, enabling users to use a new kind of insurance which is fast, easy and friendly.

    The company raised GBP 15 million of Series A venture funding from LocalGlobe, Tekton Ventures and Seedcamp on December 3, 2019

    Company

    Cuvva

    Key people

    Founders: James Billingham, Freddy Macnamara (CEO)

    Founded

    2014

    Funding

    Total funding: $17.7M; Latest funding: $15M Series A Dec 2019 Local Globe, Tekton Ventures, Seedcamp

    HQ

    London, UK
    GB

    Sector

    Insurance

    Website

    cuvva.com

  • Darktrace

    GB

    Darktrace

    Cyber Security

    :

    Darktrace

    One of the world’s fastest-growing cyber defence firms, Darktrace addresses the challenge of advanced cyber-attacks through its unique ability to detect previously unidentified threats in real time. Clients range from financial and legal services, to charities, healthcare organisations and pharmaceutical firms. In January, the Cambridge-founded business, which claims total contract value of $200M, reported a surge in customer orders, an increase of 140pc. In July 2017, Darktrace announced a Series D funding of $75M at a valuation of $825M.

    Company

    Darktrace

    Key people

    CEO: Nicole Eagan/CEO EMEA: Poppy Gustafsson; Chairman: Robert S Webb QC

    Founded

    2013

    Funding

    Latest investment: $75M Series D July 2017; Total investment: $179.5M

    HQ

    Cambridge, UK
    GB

    Sector

    Cyber Security

    Website

    darktrace.com

  • 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

  • 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

  • Featurespace

    GB

    Featurespace

    Adaptive Behavioural Analytics

    :

    Featurespace

    Featurespace is the world-leader in Adaptive Behavioural Analytics and creator of the ARIC™ platform, a machine learning software system.

    The ARIC™ platform uses anomaly detection to analyse complex behavioural data in real time, spotting anomalies to block new fraud attacks as they occur. At the same time, Featurespace recognises genuine customers without blocking their activity. ARIC™ reduces the number of genuine transactions incorrectly identified as fraud by over 70%, enabling businesses to accept more revenue.

    Featurespace has deployed the ARIC™ platform to organisations that have services or products deployed in over 180 countries. Customers include Betfair, Vocalink/Zapp, Worldpay, and TSYS, the largest third-party processor of Visa® and MasterCard® credit cards in the U.S.

    Company

    Featurespace

    Key people

    CEO: Martina King; Founders: Bill Fitzgerald, David Excell

    Founded

    2012

    Funding

    Total funding: $71.2M; Recent funding: $32.6M Venture Jan 2019

    HQ

    London, UK
    GB

    Sector

    Adaptive Behavioural Analytics

  • 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

  • Figo

    DE

    Figo

    Banking API

    :

    Figo

    figo aggregates financial sources from over 3,100 banks and financial institutions to enable innovative services. As Europe’s first “Banking-Service-Provider” figo is PSD2 ready. figo’s “Banking-as-a-Service” platform connects modern services with more than 50m online banking accounts and figo is targeting SEPA in total.

    Company

    Figo

    Key people

    CEO & Founder: André Bajorat

    Founded

    2012

    Funding

    Total funding: $11.6M; Recent funding: Undisclosed Venture March 2017

    HQ

    Hamburg, Germany
    DE

    Sector

    Banking API

    Website

    figo.io/en

  • 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

  • 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

  • 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

  • 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

  • N26

    DE

    N26

    Banking

    :

    N26

    N26 offers mobile banking solutions to customers in the European Union through its subsidiary. It provides international money transfer, investment, overdraft, and cash withdrawal and deposit at stores.

    The company's mobile banking services offers online banking that include making and handling of current accounts, fixed accounts and other banking services, enabling customers to manage and control their banking details via a smartphone application in a hassle free way.

    The company raised $470 million of Series D2 venture funding in a deal led by Insight Partners on July 18, 2019.

    Company

    N26

    Key people

    CEO: Valentin Stalf; CEO N26 Bank: Markus Gunter; Founders: Valentin Stalf, Maximilian Tayenthal

    Founded

    2013

    Funding

    The company raised an undisclosed amount of Series D3 venture funding from Ilavska Vuillermoz Capital and other undisclosed investors on January 2, 2021. Post valuation £2.82Bn as of May 2020.
    Investors include: Draper Esprit, Hedosophia, Rancilio Cube, EarlyBird

    HQ

    Berlin, Germany
    DE

    Sector

    Banking

    Website

    n26.com/en-gb

  • NetGuardians

    CH

    NetGuardians

    Compliance, Cyber Security

    :

    NetGuardians

    NetGuardians is dedicated to making the world a safer place by developing cutting-edge analytics technology. Named a Gartner Cool Vendor in 2015, NetGuardians is a Swiss FinTech company enabling banks to beat fraud and automate compliance. Its software leverages Big Data to correlate and analyze user behaviors across the entire bank system – not just at the transaction level. NetGuardians has a growing client base in Europe, the Middle East, Africa, and Asia, with offices in Switzerland, Singapore, Kenya, and Poland.

    Company

    NetGuardians

    Key people

    CEO: Joel Winteregg; Founders: Joel Winteregg, Raffael Maio

    Founded

    2011

    Funding

    Latest funding: CHF 8.5 million (USD 8.7 million) in 2017

    HQ

    Yverdon-les-Bains, Switzerland
    CH

    Sector

    Compliance, Cyber Security

    Website

    netguardians.c

  • 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

  • Opengamma

    GB

    Opengamma

    Analytics / Risk Management

    :

    Opengamma

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

    Company

    Opengamma

    Key people

    CEO: Peter Rippon; COO: Maxime Jeanniard Du Dot

    Founded

    2009

    Funding

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

    HQ

    London, UK
    GB

    Sector

    Analytics / Risk Management

    Website

    opengamma.com

  • PayKey

    IL

    PayKey

    Payments

    :

    PayKey

    PayKey describes itself as "the world's first payment keyboard" and uses patent-pending technology that works with messenger apps. The Tle-Aviv based business lets bank customer transfer money instantly using popular social networks and messaging apps such as Facebook's Messenger, WhatsApp and Twitter. Users tap the "$" key to unlock payment mode directly within the app to transfer funds. In 2017, PayKey raised $6M in Series B funding, led by MizMaa, a US and Chinese backed venture capital fund. Previous investors include e.ventures, Magma, CommerzVentures, Santander InnoVentures and Leaders Ventures.

    Company

    PayKey

    Key people

    CEO & Founder: Daniel Pelled; Co-Founder: Offer Markovich

    Founded

    2014

    Funding

    Total: $12.4M / Lead Investor: e.ventures

    HQ

    Tel Aviv, Israel
    IL

    Sector

    Payments

    Website

    aykey.com

  • Privitar

    GB

    Privitar

    Privacy Software

    :

    Privitar

    Privitar is a privacy engineering software company, that enables organisations to use, share and derive insight data safely. Privitar’s mission is to help companies achieve broader use of data while adopting an uncompromising approach to protecting confidential information. The London based company is delivering data privacy and anonymisation software solutions to a global client-base across Europe, North America and Asia.

    Company

    Privitar

    Key people

    CEO: Jason du Preez; Founders: Jason du Preez, Gerard Buggy, John Taysom

    Founded

    2014

    Funding

    Most Recent Financing Status (as of 22-Dec-2020)
    O2h Ventures sold a stake in the company to an undisclosed buyer. Previously, the company raised $87 million of Series C venture funding in a deal led by Warburg Pincus on June 22, 2020, putting the company's pre-money valuation at $348 million.

    Salesforce Ventures, HSBC Strategic Innovation Investments, Accel, HSBC Holdings alongside Citi Group and ParTech have all invested in the company.

    HQ

    London, UK
    GB

    Sector

    Privacy Software

    Website

    rivitar.com

  • Qumram

    CH

    Qumram

    RegTech

    :

    Qumram

    Qumram is a global provider of digital compliance, risk management and RegTech solutions. The award-winner creates an indisputable audit trail that ensures 100% compliance with digital record-keeping regulations (e.g. MIFID-II, FFSA, SEC 17a-4, DOL, and more). Qumram does this by recording and allowing on-demand replay of all digital activity, across all channels (web, social, mobile), and retaining these recordings in accordance with regulatory requirements (3-10 years). Qumram also mitigates conduct risk, governs employee actions, prevents fraud, and improves customer service effectiveness, and can convert big data collected and retained for compliance purposes, into smart data that delivers deep customer insight.

    Company

    Qumram

    Key people

    CEO: Patrick Barnert; Co-Founders: Mathias Wemüller, Simon Scheurer

    Founded

    2011

    Funding

    Total: $4.66M

    HQ

    Zürich, Switzerland
    CH

    Sector

    RegTech

    Website

    qumram.com

  • Railsbank

    GB

    Railsbank

    BaaS, Open-Banking, API platform

    :

    Railsbank

    Founded in 2015, RailsBank is a BaaS banking and compliance platform designed to connect a global network of partner banks with businesses who want API access to global banking.

    The platform simplifies on-boarding services and offers access to services such as creating digital ledgers, connecting digital ledgers to real bank accounts, issuing IBANs for ledgers, receiving money, sending money, converting money (FX), collecting money (direct debit), issuing cards and managing credit via the API, enabling banks and business customers to transact business digitally and in a compliant way.

    In September 2019 a deal led by Moneta Capital for $10 million of a Series A venture funding will be used to further expand beyond Europe, including the U.S., Australia and South East Asia.

    Company

    Railsbank

    Key people

    Founders: Nigel Verdon (CEO), Clive Mitchell (COO)

    Founded

    2016

    Funding

    Most Recent Financing Status (as of 21-Jun-2021)
    The company raised $37 million of venture funding in a deal co-led by MiddleGame Ventures, 31Ventures and Ventura Capital on November 12, 2020. Mitsui Fudosan, alongside 5 other investors also participated in the round. The funding will be used to continue to expand the company's global footprint, further strengthen its core product proposition, and launch Credit Cards as a Service.

    HQ

    London, UK
    GB

    Sector

    BaaS, Open-Banking, API platform

    Website

    railsbank.com

  • 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

  • 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

  • Scalable Capital

    DE

    Scalable Capital

    Asset/Risk Management

    :

    Scalable Capital

    Former Goldman Sachs Executive Director Adam French co-founded digital investment manager Sacalbable with colleagues in 2016 to make investment management more accessible to retail investors. by using technology. Just a year since launch, it is the fastest-growing digital wealth manager in Europe, with over €200M assets under management (at April 2017) for its 5000+ customers Now growing by more than €1M a day, Scalable Capital operates in Germany, the UK and Austria.

    Company

    Scalable Capital

    Key people

    Joint CEOs and Founders: Adam French & Erik Podzuweit
    Co-Founders: Patrick Pöschl, Stefan Mittnik, Florian Prucker, Dr Ella Rabener

    Founded

    2016

    Funding

    Total: $45.77M Series B April 2016 / Lead Investors: HV Holtzbrinck Ventures

    HQ

    Munich, Germany
    DE

    Sector

    Asset/Risk Management

  • Seedrs

    GB

    Seedrs

    Equity Crowdfunding

    :

    Seedrs

    Seedrs is the leading online equity investment platform in the UK, allowing all types of investors to invest as little or as much as they like in businesses they believe in, often alongside venture capital funds and other professional investors, at the same terms, and share in their success. Seedrs also allows ambitious growth-focused businesses in all sectors to raise capital and build community through an efficient, online process. Seedrs has had over £530 million invested into campaigns on the platform and funded over 750 deals. The company is headquartered in London with offices in Lisbon, Amsterdam, and Berlin. The business is backed by star fund manager Neil Woodford, Augmentum Fintech, Faber Ventures and over 2,000 of its own customers. Seedrs is authorised by the UK FCA. It was the first equity crowdfunding platform in the world to gain regulatory approval.

    Company

    Seedrs

    Key people

    CEO: Jeff Kelisky; Founders: Carlos Silva, Jeff Lynn

    Founded

    2009

    Funding

    Latest Funding: $10M Equity Crowdfunding (on Seedrs), March 2018

    HQ

    London, UK
    GB

    Sector

    Equity Crowdfunding

    Website

    eedrs.com

  • 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

  • solarisBank

    DE

    solarisBank

    Open Banking, API Accessible banking platform

    :

    solarisBank

    SolarisBank is the first banking-as-a-service platform with a full banking license, which enables companies to offer their own financial products.

    The company's platform uses blockchain technology and provides an easy-to-integrate customizable platform for digital banking, card-based payment aggregation, consumer lending, SME lending, payments automation, virtual payments and KYC document verification, enabling businesses to create and customized their own digital banking portal for facilitating cashless and online mode of payments and customer engagement.

    Company

    solarisBank

    Key people

    CEO: Roland Folz; Founders: Andreas Bittner, Marko Wenthin

    Founded

    2016

    Funding

    Total funding: €95.1M; Latest funding: €56M Series B March 2018, Lead Investors: BBVA, SBI Group

    HQ

    Berlin, Germany
    DE

    Sector

    Open Banking, API Accessible banking platform

    Website

    olarisbank.de

  • 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

  • Thought Machine

    GB

    Thought Machine

    Core Banking, Retail Banking System

    :

    Thought Machine

    Thought Machine is a UK-based growth stage technology company which builds cloud native technology for banks.

    The company's cloud-based technology platform provides Vault OS that runs in the cloud providing a secure, fast, reliable end to end banking systems, capable of managing users, accounts, savings, loans, mortgages, sophisticated financial products and can configure any type of loan or deposit account, thereby providing banking institutions with a software as a service platform to scale from one customer to tens of millions without having to incur any hard costs.

    Thought Machine became a Google Cloud Partner in November 2019.

    Company

    Thought Machine

    Key people

    Founder/CEO: Paul Taylor

    Founded

    2014

    Funding

    Total funding: $22.3M; Latest funding: $22.8M Series A, Nov 2018 - Lloyd Banking Group

    HQ

    London, UK
    GB

    Sector

    Core Banking, Retail Banking System

    Website

    oughtmachine.ne

  • 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

  • Trussle

    GB

    Trussle

    Mortgages

    :

    Trussle

    Trussle helps first-time buyers and existing homeowners to save time and money securing a great-value mortgage online. It’s been estimated that one in two mortgage holders in the UK are losing £4,000 each year by not switching to better deals; representing a £29bn headache for the country’s homeowners. The Trussle service doesn’t end once a new mortgage deal is secure. The start-up continue to monitor the market for the lifetime of a customer's mortgage, helping people to switch to a better deal later on. Trussle launched in December 2015 as the UK’s first online mortgage adviser, after months of customer development, user testing, and cutting through red tape. It is backed by some of Europe's leading technology investors including LocalGlobe, Ed Wray (founder of Betfair), Ian Hogarth (founder of Songkick), Seedcamp, and Zoopla Property Group. In May 2018, it raised $13.6M Series B from 4 investors, including Goldman Sachs and Propel Ventures.

    The FCA estimates that approximately 120,000 British mortgage customers would benefit from switching provider. Trussle has proposed a mortgage-switching guarantee similar to that which now operates in the current accounts and energy markets. The business says that this would help homeowners save some of the £10bn that Trussle believes is wasted each year by being on the wrong mortgage deal.

    Company

    Trussle

    Key people

    CEO: Ishaan Malhi; Founders: Ishaan Malhi, Jonathan Galore

    Founded

    2015

    Funding

    Total Funding: $25.8M; Latest Funding: $13.6M Series B, Venture May 2018

    HQ

    London, UK
    GB

    Sector

    Mortgages

    Website

    russle.com

  • WeFox

    DE

    WeFox

    Insurance

    :

    WeFox

    WeFox was founded in Switzerland in November 2014 under the name FinanceFox. The service platform allows customers, brokers and, insurance companies, to manage their insurance and financial products intelligently and efficiently. The service brings together the benefits of the online and offline world, combining modern technology and consulting know-how from the traditional insurance business. Since the start in Switzerland in September 2015, in Germany in October 2015 and in Austria in March 2017, wefox has secured more than 100,000 policyholders. With more than 100 employees, the company is continuously expanding its network and preparing its rollout to further european countries.

    Company

    WeFox

    Key people

    CEO/Co-Founder: Juliean Teicke; Founders: Julian Teicke, Dario Fazlic, Fabian Wesemann, Florian Eismann, Jonathan Seoane, Teodoro Martino

    Founded

    2014

    Funding

    Total Funding: $158.5M; Latest Funding: $125M Series B March 2019

    HQ

    Berlin, Germany
    DE

    Sector

    Insurance

    Website

    efox.de

Load More

The Hot Ten 2017:

This year our panel looked at over 1500 FinTechs across Europe, which made selecting 50 a very tall order. If selecting fifty was a tough call, we did all agree that these ten highly enterprising innovators deserved a special mention. Meet our – additional – ones to watch for 2017

  • 10x

    GB

    10x

    Banking (Core)

    :

    10x

    Unveiled in 2016 by former CEO of Barclays, Antony Jenkins; 10x promises to radically shake up the banking world, optimizing advanced technology to transform how banks operate and engage with customers. 10x’s vision is clear; banking needs to be simple, flexible, secure and always ten times better! Revealing its first client as renowned challenger bank, Virgin Money; 10x aims to drive a new standard in customer experience and be a catalyst for change in the industry.

    Company

    10x

    Key people

    CEO & Founder: Antony Jenkins

    Founded

    2016

    HQ

    London, UK
    GB

    Sector

    Banking (Core)

    Website

    10xbanking.com

  • Bud

    GB

    Bud

    Open banking

    :

    Bud

    Bud believes that open banking will fundamentally change the way we think about our money.

    The award-winning start-up rebundles the FinTech landscape by making disparate financial services and apps work better together. An app and website, Bud works with consumers, banks and FinTechs to help consumers find and use the most helpful financial products and build their own banking experience.

    In October 2017, Bud signed a deal with banking giant HSBC and raised £1.5M from backers including investment bank Investec and Spain's Sabadell Bank. It is in talks with over 40 banks around the world about possible partnerships.

    In June 2018, the two-year old business launched The Bud Exchange, Bud.X, to give firms access to its own marketplace featuring P2P lenders such as RateSetter and Zopa, as well as Open Banking infrastructure – letting them set up payments and see a range of accounts on behalf of users.The new portal will be guided by financial and technology companies including Wealthify, Scalable Capital and AJ Bell.

    In August 2018, Bud announced it is developing artificially intelligent software that automatically detects when an individual is paying rent and prompts them to get the payments verified. These verified payments are then gathered into a ‘rental profile’ and are able to be shared via API technologies to digital mortgage brokers, banks and other relevant services such as Credit Ladder, and RentalStep, the other winners of the challenge. the goal for their technology is to help people understand the usefulness of the data hidden n their bank and to get more renters with thin credit files approved for mortgages and onto the housing ladder.

    Company

    Bud

    Key people

    CEO: Edward Masleveckas; Founders: Edward Maslaveckas, George Dunning

    Founded

    2015

    Funding

    Total funding: $2.1M Seed Oct 2017

    HQ

    London, UK
    GB

    Sector

    Open banking

    Website

    isisbud.com

  • ClearBank

    GB

    ClearBank

    Banking as a service, payment processing, core banking

    :

    ClearBank

    ClearBank is a next generation UK clearing and agency banking platform built with the customer in mind. The Company’s innovative platform serves FinTech businesses and banks, and offers the UK banking industry’s first and only real-time, straight-through clearing capability.

    The company's clearing banking system offers a core banking platform and helps in liquidity management and transaction analysis, enabling businesses and individual customers to move money between different accounts and clear cheques via any authorized UK payment system.

    Company

    ClearBank

    Key people

    Executive Chairman / Founder: Nick Ogden; CEO: Charles McManus

    Founded

    2016

    Funding

    Total funding: £154.9M with a post money valuation £342.32m as of March 2021
    Most Recent Financing Status (as of 28-May-2021)
    The company raised GBP 18.00 million of venture funding from undisclosed investors on March 29, 2021, putting the company's pre-money valuation at GBP 324.32 million.

    Investors include Northern Private Capital based in Toronto.

    HQ

    London, UK
    GB

    Sector

    Banking as a service, payment processing, core banking

    Website

    clear.bank/home

  • Cleo

    GB

    Cleo

    Personal Finance Management

    :

    Cleo

    Developer of an AI-based personal finance application designed to change everyone's relationship with their money. The company's platform allows to view spending according to transactions, categories and merchants, as well as automatically send funds via Messenger without bank details, find deals on financial products and compares spending habits with peers, enabling users to keep a track of their spending across multiple accounts and credit cards.

    Cleo wants to reduce the complexity and increase the transparency of financial services for a new generation. The “financial assistant” for young professionals and graduates powered by AI, Cleo is a chatbot accessed via the Cleo app or Facebook Messenger and through integration with Amazon’s Alexa and Google’s Google Home. Users can chat to Cleo via text or voice to interrogate bank account and credit card data in order to keep track of spending and budget better. Angel investors include Niklas Zennström.

    Company

    Cleo

    Key people

    CEO: Barney Hussey-Yeo; Founders: Aleksandra Wozniak, Barney Hussey-Yeo

    Founded

    2015

    Funding

    Most Recent Financing Status(as of 11-Dec-2020)
    The company raised $44 million of Series B venture funding in a deal led by EQT Ventures on March 12, 2020. SBI Holdings, Index Ventures, LocalGlobe, Balderton Capital, Octopus Investments, and Y Combinator also participated in the round.
    The funds will be used to support an expansion of executive and product teams in the U.S. division's San Francisco office. Recently, the company received $981,000 of mezzanine financing from TriplePoint Private Venture Credit on May 27, 2020.

    HQ

    London, UK
    GB

    Sector

    Personal Finance Management

    Website

    meetcleo.com

  • DataSine

    GB

    DataSine

    Analytics

    :

    DataSine

    DataSine offers a client segmentation tool combining Big Data and psychometrics to help financial institutions understand their clients. It seeks to revolutionise the way financial institutions evaluate clients, build portfolios and measure risk.

    Company

    DataSine

    Key people

    CEO: Igor Volzhanin

    Founded

    2015

    HQ

    London, UK
    GB

    Sector

    Analytics

    Website

    datasine.com

  • Deposify

    IE

    Deposify

    Property - Escrow

    :

    Deposify

    In the US and Ireland, security deposits cause problems for everybody involved when renting property – from landlords and tenants to leasing agents and property managers. Deposify is an escrow service for security deposits that lets landlords and tenants manage and control how and when deposits are paid and resolve deposit related disputes quickly and cheaply.

    Company

    Deposify

    Key people

    CEO: Jon Bayle; Founders: Jon Bayle, Tony Kelly

    Founded

    2015

    Funding

    $1.53M Seed March 2016

    HQ

    Dublin, Ireland
    IE

    Sector

    Property - Escrow

    Website

    deposify.com

  • Governance.com

    LU

    Governance.com

    Financial sector & Corporate structures

    :

    Governance.com

    Governance.com gives regulated companies total control of their processes, by turning complex and unorganized data into easily accessible actionable information. The platform connects data across the organization, links the data to the underlying documentation and enables collaboration through structured workflows.

    The Governance team is drawn from leading organizations such as ABN Amro, JP Morgan, SEB and Fidelity. Their clients span 7 countries across the US and Europe and include Global Tier 1 Banks, Asset Managers, Fund Administrators, Fund Management Companies and other regulated institutions.

    Awards & Recognition include: European RegTech100, Most Trusted Risk Compliance Solution Provider 2017, The FinTech50 Hot 10, Luxembourg’s FinTech startup of the year in 2016.

    Company

    Governance.com

    Key people

    CEO, Co-Founder: Bert Boerman; CTO, Co-Founder: Rob Boerman

    Founded

    2014

    Funding

    Total Funding: €2.5M

    HQ

    Luxembourg
    LU

    Sector

    Financial sector & Corporate structures

    Website

    governance.com

  • MeteoProtect

    FR

    MeteoProtect

    Insurance

    :

    MeteoProtect

    Meteo Protect provides companies around the globe with customized insurance solutions to help offset the financial impact of climate change. Dedicated exclusively to weather risk management, the French startup monitors weather and analyses its history to help business adjust their insurance models. Clients range from agriculture to the financial sector and it helps wind energy utilities to cover the risk of low average wind speed. Meteo Protect also protects food processing companies that buy commodities against the impact of weather.

    Company

    MeteoProtect

    Key people

    CEO: Gabriel Gross

    Founded

    2011

    HQ

    Paris, France
    FR

    Sector

    Insurance

  • NX'Change

    NL

    NX'Change

    Capital Markets

    :

    NX'Change

    Nxchange introduces a next generation stock exchange for direct trading in securities between companies and investors. The Amsterdam-based startup operates under a licence issued by the Dutch Ministry of Finance as a regulated market. Nxchange makes it possible to place and trade securities on a regulated platform without the intervention of a bank or broker being required. Companies can activate their network and communities to raise capital both on the central trading platform of Nxchange and using an integrated module on their own websites. A traditional IPO is usually an expensive and complex matter.

    Company

    NX'Change

    Key people

    CEO: Marleen Evertsz; Founder: Marleen Evertsz, Geesje Boon

    Founded

    2016

    HQ

    Amsterdam, Netherlands
    NL

    Sector

    Capital Markets

    Website

    nxchange.com

  • Post Quantum

    GB

    Post Quantum

    Cyber Security

    :

    Post Quantum

    Post-Quantum’s mission is to protect the world’s information against today’s threats and tomorrow’s challenges. The company wants to ensure its clients can carry out their operations safely and securely, with trust and confidence in all their activities. With many years’ intensive R&D, the London based cyber security start-up was among the cohort in Barclays’ London FinTech Accelerator in 2015. By embedding its unique cocktail of micro service modules into a system, it offers end to end quantum-safe security to clients including the UK government, Nato, Barclays and other financial services companies against cyber attacks.

    Company

    Post Quantum

    Key people

    CEO: Andersen Cheng; Founders: Andersen Cheng, Martin Tomlinson, CJ Tjhai

    Founded

    2010

    Funding

    $10.3m Series A May 2016

    HQ

    London, UK
    GB

    Sector

    Cyber Security

    Website

    ost-quantum.com