The FinTech50  |  The Fintechs  |  The Fintechs 2018

Selected from over 1500 companies across Europe by some of the biggest names in FinTech. Meet The FinTech50

The FinTech50 2018 The Hall of Fame 2018 The Hot Ten 2018

The FinTech50 2018:

  • Aid:Tech

    IE

    Aid:Tech

    Banking

    The FinTech 50:

    Aid:Tech

    Aid:Tech was the the first company in the world to successfully deliver aid to Syrian refugees completely transparently using Blockchain technology.

    Founded in 201, the Dublin-based business seeks to create a more equitable global system to deliver welfare, donations, remittances, and healthcare to those in need.

    Aid:Tech provides enterprise level solutions to international NGOs, governments and corporates to help them tackle some of most entrenched issues in their fields. By making it possible to deliver digital entitlements through Blockchain technology and Digital Identity, it address some of the largest obstacles in global development, including legal identity, financial inclusion and corruption.

    Company

    Aid:Tech

    Key people

    CEO: Joseph Thompson; Founders: Joseph Thompson, Niall Dennehy

    Founded

    2014

    Funding

    Total funding: $1.16M; Latest funding: $1M, June 2018

    HQ

    Dublin, Ireland
    IE

    Sector

    Banking

    Website

    aid.technology

  • AQMetrics

    IE

    AQMetrics

    Capital Markets / RegTech

    The FinTech 50:

    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: $6.25m; Latest funding: $3m venture round, December 2018

    HQ

    Kildare, Ireland
    IE

    Sector

    Capital Markets / RegTech

    Website

    aqmetrics.com

  • Azimo

    GB

    Azimo

    Money transfer, Remittances, Financial inclusion

    The FinTech 50:

    Azimo

    Azimo enables payments from Europe to more than 200 countries and territories in more than 80 currencies, reaching more than 5 billion potential customers.

    In April 2019 Azimo secured a licence from the Dutch Central Bank to operate its services in the Netherlands. It also opened an office in Amsterdam to grow its share of the market for cross-border payments from Europe, a market valued at over EUR 1 trillion.

    Azimo also announced a strategic partnership with leading African payments business Interswitch Group to further enable instant money transfers from 23 countries in Europe to any customer in Nigeria - Azimo’s biggest market.

    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

  • Billon

    PL

    Billon

    Blockchain

    The FinTech 50:

    Billon

    Eight Polish banks have been in trials since last November with Billon, a Warsaw-headquartered blockchain technology company, which is also an FCA-registered e-money institution. In May, The Polish Credit Office BIK, the largest credit office in Central and Eastern Europe, announced a ground-breaking partnership with Billon to implement a blockchain technology solution to secure access to highly sensitive customer information. The partnership has the potential to to reach more than 24 million people, and provide them with a document management system, cheaper than paper, that is suitable for all their financial, insurance and medical records all in one place.

    Company

    Billon

    Key people

    CEO & Founder: Andrzej Horoszczak

    Founded

    2012

    Funding

    Total funding: $13.7M; Latest funding: $1.16M, Grant, June 2018

    HQ

    Warszawa, Poland
    PL

    Sector

    Blockchain

    Website

    billongroup.com

  • Bud

    GB

    Bud

    Open banking

    The FinTech 50:

    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

  • Bunq

    NL

    Bunq

    Mobile banking

    The FinTech 50:

    Bunq

    Netherlands-based neobank, Bunq, developer of a banking system designed to offer a clean alternative to traditional banking.

    Immediate access from a mobile device individuals can setup dedicated bank accounts, request their money back for something they paid upfront for and use one card for multiple bank accounts, enabling businesses to offer debit cards to their employees for them to make real-time payments or turn their smartphones into a mobile contactless payment terminal.

    Bunq promotes itself as being “sustainable by default”, because they only invest ethically.

    Company

    Bunq

    Key people

    CEO & Founder: Ali Niknam

    Founded

    2013

    Funding

    Total funding: $44.9M; Latest funding: $10M Seed Round Dec 2018

    HQ

    Amsterdam, Netherlands
    NL

    Sector

    Mobile banking

    Website

    bunq.com

  • BUX

    NL

    BUX

    Trading

    The FinTech 50:

    BUX

    BUX is a tech company that is rocking the world of finance with a team of 70 people based in the heart of Amsterdam. Founded in 2014 with a mobile app that makes trading accessible, the company now has over 1.7 million users across 9 countries in Europe.

    By 2020 BUX aims to become the single destination for millennials who want to do more with their money by creating a BUX solution for every investment need.

    May 2018, Bux announced support for raft of new cryptocurrency contracts for difference (CFDs), allowing investors to take part in the virtual currency market in an alternative way. The application permits users to trade in different stocks and financial instruments with fake or real money. Now, CFDs will be available for positions in Bitcoin Cash (BCH), Litecoin (LTC), Ripple (XRP), and Ether (ETH).

    Company

    BUX

    Key people

    CEO: Nick Bortot; Founder(s): Nick Bortot, Robbert Bos, Joost van de Wijgerd, Egbert Pronk

    Founded

    2013

    Funding

    Total Funding: $22.8M; Latest Funding: $12.5M Series C, October 2017 / $1.5M Equity Crowdfund, November 2017

    HQ

    Amsterdam, Netherlands
    NL

    Sector

    Trading

    Website

    getbux.com

  • Clark

    DE

    Clark

    Insurance

    The FinTech 50:

    Clark

    Insurance-robo-advisor Clark closed the largest Series B financing of any European InsurTech to date in April, led by FinTech investor Portag3 Ventures and transatlantic fund White Star Capital.

    Clark enables end customers to manage their insurance portfolios digitally and transparently via their smartphone or computer. Utilizing its innovative robo-technology, customers receive an assessment of their contracts as well as personalized insurance optimizations. Leading digital banks, like N26 and DKB, have also realized the potential of this insurtech. Over 10 million bank customers in Germany now have access to the digital insurance services of Clark via partnerships. Since its founding in July 2015, Clark has acquired close to 100,000 customers for its digital insurance services - making it one of the largest digital insurance players in Europe. Today the company manages US$310 million in contract volume, which is a ten-fold increase from the contract volume it managed in 2016 when it closed its Series A.

    Company

    Clark

    Key people

    CEO: Dr Christopher Oster; Founders: Dr Christopher Oster, Dr Marco Addelt, Steffen Glomb

    Founded

    2015

    Funding

    Total Funding: $43.8M; Latest Funding: $29M Series B, April 2018

    HQ

    Berlin, Germany
    DE

    Sector

    Insurance

    Website

    clark.de/de

  • ClauseMatch

    GB

    ClauseMatch

    RegTech, Smart Document Management

    The FinTech 50:

    ClauseMatch

    ClauseMatch is an award-winning financial technology company that provides a software-as-a-service platform for smart document management.

    The company's platform applies machine learning to help compliance, legal, finance, operations and risk departments to automate impact assessments, streamline the implementation of regulatory change and to collaborate on thousands of documents across the entire organization, enabling companies to standardize and automate processes and workflows across teams, reduce costs, speed up implementation and demonstrate compliance.

    They received $2.5 million of debt financing in the form of venture debt funding from Silicon Valley Bank on May 28, 2019. The funds will support the company's continued growth in Europe and Asia.

    Company

    ClauseMatch

    Key people

    CEO: Evgeny Likhoded; Founder: Evgeny Likhoded, Andrey Dokuchaev

    Founded

    2012

    Funding

    Latest Funding: $2.5M - Venture Debt, May 2019; Total Funding: $9.3M

    HQ

    London, UK
    GB

    Sector

    RegTech, Smart Document Management

    Website

    clausematch.com

  • ClearBank

    GB

    ClearBank

    Banking as a service, payment processing, core banking

    The FinTech 50:

    ClearBank

    Operator of a clearing bank intended to facilitate a new level of open competition and transparency. 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.

    ClearBank received GBP 60 million of grant funding from Banking Competition Remedies on February 22, 2019.

    Company

    ClearBank

    Key people

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

    Founded

    2016

    Funding

    Total funding: $138m; Latest funding: $60m Grant, Feb 2019: Capability & Innovation Fund

    HQ

    London, UK
    GB

    Sector

    Banking as a service, payment processing, core banking

    Website

    clear.bank/home

  • ComplyAdvantage

    GB

    ComplyAdvantage

    AML, Compliance, RegTech

    The FinTech 50:

    ComplyAdvantage

    ComplyAdvantage is building the world’s only global AI-driven database of people and companies to power anti-money laundering and financial crime detection.

    ComplyAdvantage embraces data science and Machine Learning to analyze risk computationally, and actively identifies tens of thousands of risk events from millions of structured and unstructured data points every day. The company’s configurable cloud services help automate and reduce the frustration of detecting fraud and complying with sanctions, anti-money laundering (AML) and counter-financing of terrorism (CFT) requirements.

    In the past year, the London RegTech has grown in annual recurring revenue (ARR) by 300 per cent, has over 400 customers and employs more than 200 people around the world.

    Company

    ComplyAdvantage

    Key people

    CEO / Founder: Charles Delingpole

    Founded

    2014

    Funding

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

    HQ

    London, UK
    GB

    Sector

    AML, Compliance, RegTech

  • Curve

    GB

    Curve

    Mobile Payments

    The FinTech 50:

    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

  • Duco

    GB

    Duco

    Big Data

    The FinTech 50:

    Duco

    Duco’s mission is to change the way the world controls its data. By leveraging intelligent technology with a focus on self-service, we empower anyone in any business to deal with complex data issues. Since launching our data control platform Duco Cube in April 2013, Duco has onboarded businesses on five continents and established offices in New York and Luxembourg. Technology solutions cover a wide range of areas, including data normalisation, migration, regulation and reconciliation, enabling clients to address their strategic data management needs.

    Company

    Duco

    Key people

    CEO & Founder: Christian Nentwich

    Founded

    2012

    Funding

    Latest Funding: $28M Series B Jan 2018; Total Funding: $28M

    HQ

    London, UK
    GB

    Sector

    Big Data

    Website

    du.co

  • Ethereum

    Ethereum

    Blockchain

    The FinTech 50:

    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

    The FinTech 50:

    Everledger

    Everledger is a global technology enterprise specializing in addressing real-world economic, environmental and societal challenges through their solutions that create ecosystems of trust.

    The company's breakthrough solutions harness the latest in emerging technologies including smart contracts, machine vision, and IoT, together with their proven and scalable blockchain-enabled platform. They combine a rich forensic approach to identify and track asset provenance to provide confidence in the transparency driven across global supply chains.

    The company raised $20 million of Series A venture funding in a deal led by Tencent Holdings on September 24, 2019.

    Company

    Everledger

    Key people

    CEO: Leanne Kemp

    Founded

    2015

    Funding

    Total funding: $30.4M; Latest funding: $20M Series A, September 2019

    HQ

    London, UK
    GB

    Sector

    Blockchain

    Website

    everledger.io

  • Featurespace

    GB

    Featurespace

    Adaptive Behavioural Analytics

    The FinTech 50:

    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

    The FinTech 50:

    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

    The FinTech 50:

    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

Load More

The Hall of Fame 2018:

Ten companies have featured on The FinTech50 since the days when they could reasonably be called startups. Some have made the list three years in a row and all are continuing to innovate. 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.

  • 10x

    GB

    10x

    Banking (Core)

    The FinTech 50:

    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

  • Behaviosec

    SE

    Behaviosec

    Biometrics, Security

    The FinTech 50:

    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

  • Bima

    SE

    Bima

    Insurance / Microfinance

    The FinTech 50:

    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

  • Credit Benchmark

    GB

    Credit Benchmark

    Finance, Banking, Credit Risk, Capital Markets, Risk Management

    The FinTech 50:

    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

  • Darktrace

    GB

    Darktrace

    Cyber Security

    The FinTech 50:

    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

    The FinTech 50:

    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

  • GoCardless

    GB

    GoCardless

    Payments

    The FinTech 50:

    GoCardless

    Founded in 2011, GoCardless targets companies that need to offer their increasingly international customers the ability to pay by Direct Debit. The GoCardless mission is to help businesses take and settle recurring payments from anywhere, to anywhere, in any currency.

    A Series D funding round of $22.5M raised in September 2017 is designed to enable GoCardless to expand further, with support for more countries, including Australia and Denmark.

    Founder and CEO Hiroki Takeuchi says, “As more and more businesses become international, they face endless frustrations in managing payments across multiple territories. What we have engineered is a way to simply plug recurring payments into their existing systems, across the world, so they can focus on the challenges that really matter.”

    GoCardless processes over $4bn worth of transactions across more than 30,000 organisations in the U.K. and Europe, working with small startups and large enterprises across a number of industries. It offers an API and off the shelf integrations with over 100 partners including Xero, Sage and Zuora. Customers include Sage, Thomas Cook, Box and The Guardian.

    Company

    GoCardless

    Key people

    CEO: Hiroki Takeuchi; Founder(s): Hiroki Takeuchi, Matt Robinson

    Founded

    2011

    Funding

    Latest Funding: $22.5M Series D, September 2017; Total Funding: $47.3M

    HQ

    London, UK
    GB

    Sector

    Payments

    Website

    gocardless.com

  • Iwoca

    GB

    Iwoca

    Lending

    The FinTech 50:

    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

  • Kreditech

    DE

    Kreditech

    Big Data, Information, Banking, Analytics

    The FinTech 50:

    Kreditech

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

    Company

    Kreditech

    Key people

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

    Founded

    2012

    HQ

    Hamburg, Germany
    DE

    Sector

    Big Data, Information, Banking, Analytics

    Website

    kreditech.com

  • LendInvest

    GB

    LendInvest

    Alternative Lending

    The FinTech 50:

    LendInvest

    LendInvest LendInvest is the UK's leading marketplace for property finance that is bringing technology to the £1.2 trillion UK mortgage market - an entirely offline market. 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 £1 billion 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 that closed in March 2016.

    In 2017. LendInvest expanded its loan product range from three to [eight] products, each specially tailored to distinct borrower types. We’ll continue to expand our range over the year, broadening its reach. The company lends 40-60% more year-on-year. In 2017 alone, it lent £500m against 1,800 homes - a 33% increase on the previous year’s record. This will increase this again in 2018, consolidating LendInvest's position as Europe’s largest property investment marketplace. The company launched buy-to-let loans in 2017. BTL is 10x the size of the short-term specialist lending market where we already command 10% market share. LendInest will build its BTL offering in 2018 becoming one of the UK’s largest professional BTL lenders.

    Company

    LendInvest

    Key people

    CEO: Christian Faes; Founder(s): Christian Faes, Ian Thomas

    Founded

    2013

    Funding

    Latest Funding: $24.35M Series B March 2016

    HQ

    London, UK
    GB

    Sector

    Alternative Lending

    Website

    lendinvest.com

  • MarketInvoice

    GB

    MarketInvoice

    Lending

    The FinTech 50:

    MarketInvoice

    MarketInvoice is the world’s largest peer-to-peer invoice finance platform. Launched in 2011, based in London and Manchester, MarketInvoice announced that it had reached £2bn of cumulative lending and expects to hit £3bn by the end of the year. The average value of invoices funded through the platform rose to £96,597 in 2017 from £56,495 in 2016.

    MarketInvoice helps thousands of businesses overcome the lengthy payment terms of their customers. Businesses can choose between having an open funding line against their outstanding invoices (MarketInvoice Pro) or decide which invoices (Select) they want to finance, unlock tied-up cash in 24 hours at competitive rates. It’s fast, flexible funding for growing businesses to hire more staff, launch new products and pay their suppliers.

    In March 2018, MarketInvoice secured more than £100m of fresh funding from two of its institutional investors. The peer-to-peer business finance lender signed agreements with Portuguese bank Banco BNI Europa (BNI) and Germany’s Varengold Bank to channel £90m and £45m respectively on its platform.

    Company

    MarketInvoice

    Key people

    CEO: Anil Stocker; Founders: Anil Stocker, Ilya Kondrashov

    Founded

    2011

    Funding

    Total Funding: $58.8M; Most Recent Funding: $45.5M Series B Jan 2019

    HQ

    London, UK
    GB

    Sector

    Lending

  • OpenGamma

    GB

    OpenGamma

    Analytics / Risk Management

    The FinTech 50:

    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

  • RateSetter

    GB

    RateSetter

    Lending

    The FinTech 50:

    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

The Hot Ten 2018:

  • AccessFinTech

    GB

    AccessFinTech

    Risk Management

    The FinTech 50:

    AccessFinTech

    Launched by former Traiana founder Roy Saadon, Access Fintech is an innovative risk management service for banks and buyside firms. The service helps firms track the trade lifecycle and get a true sense of prioritized risk, across an increasing number of systems. Access FinTech brings together fintech providers and in-house technology, orchestrating the interaction of the distributed providers and creating a single visual display of the risk of financial transactions in a global sharable view.

    The Access Fintech visual dashboard aggregates vendors and allows customers to manage risk and exceptions. Access Fintech launched its product in the first quarter of 2017 to an oversubscribed beta program and is now completing its global roll out in all major financial centres.

    Company

    AccessFinTech

    Key people

    CEO: Roy Saadon; Founders: Roy Saadon, Steve Fazio

    Founded

    2017

    Funding

    Total Funding: Investment by JP Morgan

    HQ

    London, UK
    GB

    Sector

    Risk Management

  • Coya

    DE

    Coya

    Insurance

    The FinTech 50:

    Coya

    Coya was founded by two veterans of German FinTech Kreditech together with Dr. Peter Hagen, former CEO of Vienna Insurance Group (VIG).

    Coya is planning to build a digital insurance provider and has applied to German's financial regulator BaFin for full authorization. It plans to launch to the public in 2018.

    The company already has over 30 employees drawn from both tech backgrounds, from companies like Rocket Internet, and more traditional insurers like Axa and Zurich. In June 2017, Coy attracted one of the biggest "seed funding" rounds in Germany.

    Company

    Coya

    Key people

    CEO: Andrew Shaw; Founders: Andrew Shaw, Peter Hagen, Sebastian Villarroel

    Founded

    2017

    Funding

    Total Funding: $40M; Latest Funding: $30M ICO, June 2017

    HQ

    Berlin, Germany
    DE

    Sector

    Insurance

    Website

    coya.com/eng

  • Dream Quark

    FR

    Dream Quark

    Insurance, AI

    The FinTech 50:

    Dream Quark

    DreamQuark develops innovative data analysis technologies around deep representation learning to help insurance, financial services, and healthcare professionals take better advantage of the data they have stored.

    The Paris-based start-up puts its intelligence into developing the best algorithms to detect rare and otherwise invisible phenomena in a wide variety of data types (images, texts, audio files). Dream Quark was named French FinTech of the Year in December 2017.

    Company

    Dream Quark

    Key people

    CEO & Founders: Nicolas Meric

    Founded

    2014

    Funding

    Total Funding: $3.5M; Latest Funding: $3.5M November 2017

    HQ

    Paris, France
    FR

    Sector

    Insurance, AI

    Website

    dreamquark.com

  • Fluidly

    GB

    Fluidly

    Data Analytics

    The FinTech 50:

    Fluidly

    Fluidly provides intuitive cashflow forecasting and management powered by AI. Cashflow forecasting and management is the gateway to financial decision-making.

    Fluidly takes transaction data from your accounting system and uses this to automagically forecast your financial future in minutes and down to invoice-level detail, it is for modern businesses that want to know exactly what their financial future holds and how to optimise it.

    The company was awarded a GBP 5 million of grant funding from Royal Bank of Scotland on June 14, 2019.

    Company

    Fluidly

    Key people

    Founders: Caroline Plumb (CEO)

    Founded

    2016

    Funding

    Total Funding Amount: £15.5M; Latest Funding: €5.6M Grant, June 2019

    HQ

    London, UK
    GB

    Sector

    Data Analytics

    Website

    fluidly.com

  • Nivaura

    GB

    Nivaura

    Blockchain, compliance

    The FinTech 50:

    Nivaura

    Provider of an online document management platform intended to automate legal and regulatory documents.

    The company's platform automates legal and regulatory document structuring, marketing, distribution, execution, clearing, settlement and administration, enabling banks, brokers, exchanges and funds to drive automation, compliance and improved client experience.

    The company joined Tech Nation as a part of Fintech 2.0 cohort program on September 5, 2019.

    Company

    Nivaura

    Key people

    CEO: Avtar Sehra; Founder: Dr Avtar Sehra

    Founded

    2016

    Funding

    Total Funding: $20M; Latest Funding: $20M seed - March 2019

    HQ

    London, UK
    GB

    Sector

    Blockchain, compliance

    Website

    nivaura.com

  • Pillar Project: 20|30

    GB

    Pillar Project: 20|30

    CryptoCurrency, Data Storate

    The FinTech 50:

    Pillar Project: 20|30

    THE PILLAR PROJECT is a collaboration of the blockchain innovation community of 20|30. The organization wants to get rid of old ways of thinking applied to new technology.

    Company

    Pillar Project: 20|30

    Key people

    CEO: David Siegel; Founders: David Siegel, Tomer Sofinzon

    Founded

    2017

    Funding

    Total Funding: $21M; Latest Funding: $21M ICO, July 2017

    HQ

    London, UK
    GB

    Sector

    CryptoCurrency, Data Storate

    Website

    illarproject.io

  • Smart valor logo

    CH

    Smart valor logo

    Blockchain, cryptotechnology

  • Tetrao

    LU

    Tetrao

    Process automation, RegTech

    The FinTech 50:

    Tetrao

    Tetrao’s solution for Business Onboarding enables banks to open a business bank account in a matter of days, a process that typically takes months to complete. The Luxembourgh-based start-up's AI is uniquely capable of tackling complex documentation produced differently by thousands of different actors, such as business by-laws. Tetrao offers the user a digital experience where its AI is collecting, buying, understanding all the business documentation and regulations to pre-fill the application.

    Company

    Tetrao

    Key people

    CEO & Founder: Christian Gillot

    Founded

    2014

    HQ

    Luxembourg
    LU

    Sector

    Process automation, RegTech

    Website

    etrao.eu

  • Trustology

    GB

    Trustology

    Crypto security

    The FinTech 50:

    Trustology

    Trustology is building a custody platform to safeguard crypto assets. Its smart accounts will be customisable to satisfy the diverse needs of individual, corporate, exchange and institutional clients, now and in the future.

    Trustology was founded by Alex Batlin, a founding head of the UBS financial technology innovation lab and most recently responsible for research and development of blockchain enabled business strategy, business models, products and services at BNY Mellon in London.

    Company

    Trustology

    Key people

    CEO & Founders: Alex Batlin

    Founded

    2017

    HQ

    London, UK
    GB

    Sector

    Crypto security

    Website

    rustology.io

  • Zego

    GB

    Zego

    Insurance

    The FinTech 50:

    Zego

    Zego is a global insurtech business providing flexible commercial insurance for businesses and professionals.

    The company's platform provides pay-as-you-go insurance for drivers and riders who work flexibly with their own vehicles, providing mobility service providers with a range of policies from minute-by-minute insurance to annual covers, thereby providing more flexibility than traditional insurers, with pricing based on usage data from vehicles.

    In June 2019 Zego raised $42M (total funding of $51M since 2016) to continue expansion across Europe.

    Company

    Zego

    Key people

    Founders: Harry Franks (CEO), Sten Saar, Stuart Kelly

    Founded

    2016

    Funding

    Total Funding: $51.7M; Latest Funding: $42M Series B June 2019 - Balderton Capital, Tom Stafford (DST Global) and Latitude

    HQ

    London, UK
    GB

    Sector

    Insurance

    Website

    zego.com