The FinTech50 2018:
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IEAid:Tech
Banking
The FinTech 50:
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
IESector
Banking
Website
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IEAQMetrics
RegTech
The FinTech 50:
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
IESector
RegTech
Website
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GBAzimo
Money transfer, Remittances, Financial inclusion
The FinTech 50:
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
GBSector
Money transfer, Remittances, Financial inclusion
Website
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PLBillon
Blockchain
The FinTech 50:
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
PLSector
Blockchain
Website
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GBBud
Open banking
The FinTech 50:
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
GBSector
Open banking
Website
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NLBunq
Mobile banking
The FinTech 50:
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 raised to date £175.5m as of June 2021 post money valuation £1.42Bn
Most Recent Financing Status
(as of 17-Jun-2021)
The company received EUR 160 million of development capital from undisclosed investors on June 17, 2021. The transaction values the company at EUR 1.65 billion.HQ
Amsterdam, Netherlands
NLSector
Mobile banking
Website
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NLBUX
Trading
The FinTech 50:
Operator of a fintech firm intended to offer a multitude of retail investment applications. The company's applications offer mobile zero-commission stock and ETFs investing platform, a mobile speculative derivatives trading platform and a platform where people can invest in real cryptocurrencies, enabling users to invest in the financial markets in a more accessible, intuitive and affordable manner.
Company
BUX
Key people
CEO: Nick Bortot; Founder(s): Nick Bortot, Robbert Bos, Joost van de Wijgerd, Egbert Pronk
Founded
2013
Funding
Most Recent Financing Status (as of 24-Jun-2021)
The company raised $80 million of Series C venture funding in a deal led by Prosus Ventures and Tencent Holdings on April 22, 2021. Endeit Capital, S7V, and 5 other investors also participated in the round.
The company will use the funding to promote international expansion, accelerate the European expansion of BUX Zero, the broker's investment app, continue its role of innovative pioneer by shaping the future of European investments with new functions, further accelerate its roll-out of zero commission investing across Europe and accelerates its a vision to become the leading destination for Europeans who want to do more with their money.HQ
Amsterdam, Netherlands
NLSector
Trading
Website
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DEClark
Insurance
The FinTech 50:
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 become one of the largest digital insurance players in Europe.
Company
Clark
Key people
CEO: Dr Christopher Oster; Founders: Dr Christopher Oster, Dr Marco Addelt, Steffen Glomb
Founded
2015
Funding
Total Funding: £94.07M as of June 2021
Latest Funding: Most Recent Financing Status (as of 25-Mar-2021)
TA Ventures sold a stake in the company to an undisclosed buyer. Previously, The company raised EUR 69 million of Series C venture funding in a deal led by Tencent Holdings on December 25, 2020. Yabeo Capital, Portag3 Ventures and White Star Capital also participated in the round. The funds will be used to continue growing the company's product and services into 2021.HQ
Berlin, Germany
DESector
Insurance
Website
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GBClauseMatch
RegTech, Smart Document Management
The FinTech 50:
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
GBSector
RegTech, Smart Document Management
Website
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GBClearBank
Banking as a service, payment processing, core banking
The FinTech 50:
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
GBSector
Banking as a service, payment processing, core banking
Website
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GBComplyAdvantage
AML, Compliance, RegTech
The FinTech 50:
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
GBSector
AML, Compliance, RegTech
Website
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GBCurve
Mobile Payments
The FinTech 50:
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
GBSector
Mobile Payments
Website
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GBDuco
Big Data
The FinTech 50:
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
GBSector
Big Data
Website
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Ethereum
Blockchain
The FinTech 50:
Ethereum’s decentralised blockchain and digital currency Ether are becoming widely used tools for building decentralised apps. In January, R3 announced the completion of a distributed ledger experiment involving eleven of the world’s biggest banks, connected on an R3-managed private peer-to-peer distributed ledger underpinned by Ethereum technology.
Company
Ethereum
Key people
CEO: Vitalik Buterin; Co-Founder: Gavin Wood
Founded
2014
HQ
Sector
Blockchain
Website
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GBEverledger
Blockchain
The FinTech 50:
Developer of a global digital ledger platform designed to track and protect valuable assets. The company's digital ledger uses blockchain technology and a distributed ledger system to reduce fraud-related instances of valuables and generate more leads or provide evidence of compliance to industry standards, enabling manufacturers and jewelry retailers to gain digital asset analysis.
The platform combines a rich forensic approach to identify and track asset provenance to provide confidence in the transparency driven across global supply chains.
The company has raised $30M to date as of July 2020. Post valuation £46.99M as of March 2018.
Company
Everledger
Key people
CEO: Leanne Kemp
Founded
2015
Funding
Total funding: $30.4M; Latest funding: $20M Series A, September 2019 Most Recent Financing Status
(as of 23-Apr-2021)Most Recent Financing Status
(as of 23-Apr-2021)
The company raised $7 million of convertible debt financing from Tencent Holdings, Government of UK and other undisclosed investors on July 15, 2020. Outrun Ventures also participated in this round.HQ
London, UK
GBSector
Blockchain
Website
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GBFeaturespace
Adaptive Behavioural Analytics
The FinTech 50:
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
GBSector
Adaptive Behavioural Analytics
Website
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IEFenergo
Big Data
The FinTech 50:
Dublin-based Fenergo helps institutions manage the end-to-end regulatory onboarding and entity data management processes. In 2015, it received the biggest ever investment in an Irish Tech ($75m).
In September 2017 Fenergo reported a sharp rise in turnover to end March 2017, and announced that it would create 100 new jobs in its push to achieve $100M revenue by 2019. In May 2018, Fenergo announced a strategic partnership with Delta Capita, the international business and technology consulting and managed service provider. This will provide the financial industry with new managed service solutions for solving client onboarding, regulatory compliance, and entity data management challenges.
Company
Fenergo
Key people
CEO / Founder: Marc Murphy
Founded
2009
Funding
Total Funding: $80M; Latest Funding: $75M Private Equity July 2015
HQ
Dublin, Ireland
IESector
Big Data
Website
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DEFigo
Banking API
The FinTech 50:
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
DESector
Banking API
Website
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.
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GB10x
Banking (Core)
The FinTech 50:
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
GBSector
Banking (Core)
Website
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SEBehaviosec
Biometrics, Security
The FinTech 50:
BehavioSec transforms behaviour into a transparent additional layer of security by monitoring, in real-time, the way users interact with their devices. BehavioSec’s technology recognises if a conflicting user is operating a device by monitoring the environment, rhythms, and interaction patterns that are unique to each user. The solution is designed to enhance security without impacting the user experience. With offices in the UK, Germany, the Netherlands and Sweden, BehavioSec is currently deployed across Northern Europe retail banks protecting over 1,5 billion transactions per year.
In January 2018, BehavioSec raised $17.5M in a Series B funding in an investment round led by Trident Capital Cybersecurity, whose Managing Directors, J. Alberto Yépez and Ken Gonzalez, will join BehavioSec’s board of directors. The round also saw contributions from ABN AMRO and Cisco Investments, in addition to returning investors Conor Venture Partners and Octopus Ventures. Behaviosec will use the investment to expand global operations and relocate corporate HQ to the US.
Company
Behaviosec
Key people
CEO: Neil Costigan; Founder(s): Olov Renberg, Kristofer Nygren, Hans Peterson
Founded
2007
Funding
Total Funding: $25.7M; Most Recent Funding: $17.5M Series B Jan 2018
HQ
Luleå, Sweden
SESector
Biometrics, Security
Website
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SEBima
Insurance / Microfinance
The FinTech 50:
Customers of Bima typically live on less than $10 a day and fewer than half have bank accounts. The Swedish Microfinance pioneer has developed a bespoke portfolio of over 40 microinsurance & mobile health products which it distributes in emerging markets such as Ghana for as little as 35 cents a month using mobile technology and an agent network. Its expansion across emerging markets in Africa, Asia and Latin America has served over 20 million customers in just five years and it currently attracts 500k new customers per month.
Company
Bima
Key people
CEO/Founder: Gustaf Agartson
Founded
2010
Funding
Latest Funding: $36.2M Series D, December 2017; Total Funding: $170.6M
HQ
Stockholm, Sweden
SESector
Insurance / Microfinance
Website
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GBCredit Benchmark
Finance, Banking, Credit Risk, Capital Markets, Risk Management
The FinTech 50:
Credit Benchmark delivers greater visibility into credit risk via an entirely new source of wholesale credit risk data. Using an innovative crowd-sourced approach, the company publishes monthly consensus credit indicators on Sovereigns, Financial Institutions, Corporates and SMEs by aggregating and anonymizing the internal credit risk assessments of the world’s leading banks. Practitioners in the capital markets benefit from greater transparency with unique credit indicators generated from actual risk takers in the marketplace, as well as access to otherwise unrated entities, including a large number of operating subsidiary companies.
Company
Credit Benchmark
Key people
Executive Chairman: Donal Smith; Founder(s): Donal Smith, Mark Faulkner
Founded
2012
HQ
London, UK
GBSector
Finance, Banking, Credit Risk, Capital Markets, Risk Management
Website
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GBDarktrace
Cyber Security
The FinTech 50:
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
GBSector
Cyber Security
Website
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GBDigital Shadows
Cyber Security
The FinTech 50:
Digital Shadows has come a long way since Accenture Innovation Lab London in 2011, announcing a $26M Series C funding round in September 2017. Its flagship product, SearchLight, is a continuous real-time scan of more than 100 million data sources online and on the deep and dark web — cross referencing customer specific data with the monitored sources to flag up instances where data might have inadvertently been posted online, for instance, or where a data breach or other unwanted disclosure might be occurring. The service also monitors any threat-related chatter about the company, such as potential hackers discussing specific attack vectors.
In May 2018, Digital Shadows announced its new "Shadow Search" capability, available as part of its flagship, award-winning SearchLight service.Shadow Search enables instant access to Digital Shadows' comprehensive collection of historical and evolving threat intelligence assets, and expert security sources, including leading security blogs and news, enabling SearchLight subscribers the ability to better manage third-party risk, investigate security incidents, monitor trends, and enrich threat hunting of client-specific indicators and threat actors jeopardising their business, brand and reputation.
Company
Digital Shadows
Key people
CEO: Alastair Paterson; Founders: Alastair Paterson, James Chappell
Founded
2011
Funding
Latest investment: $26M Series C (2017); Total funding: $48M
HQ
London, UK
GBSector
Cyber Security
Website
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GBGoCardless
Payments
The FinTech 50:
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
GBSector
Payments
Website
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GBIwoca
Lending
The FinTech 50:
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
GBSector
Lending
Website
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DEKreditech
Big Data, Information, Banking, Analytics
The FinTech 50:
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
DESector
Big Data, Information, Banking, Analytics
Website
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GBLendInvest
Alternative Lending
The FinTech 50:
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
GBSector
Alternative Lending
Website
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GBMarketInvoice
Lending
The FinTech 50:
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
GBSector
Lending
Website
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GBOpenGamma
Analytics / Risk Management
The FinTech 50:
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
GBSector
Analytics / Risk Management
Website
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GBRateSetter
Lending
The FinTech 50:
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
GBSector
Lending
Website
The Hot Ten 2018:
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GBAccessFinTech
Risk Management
The FinTech 50:
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
GBSector
Risk Management
Website
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DECoya
Insurance
The FinTech 50:
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
DESector
Insurance
Website
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FRDream Quark
Insurance, AI
The FinTech 50:
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
FRSector
Insurance, AI
Website
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GBFluidly
Data Analytics
The FinTech 50:
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
2017
Funding
Most Recent Financing Status (as of 10-Feb-2021)
The company received GBP 5 million of grant funding from NatWest Group on June 14, 2019.HQ
London, UK
GBSector
Data Analytics
Website
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GBNivaura
Blockchain, compliance
The FinTech 50:
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
GBSector
Blockchain, compliance
Website
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GBPillar Project: 20|30
CryptoCurrency, Data Storate
The FinTech 50:
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
GBSector
CryptoCurrency, Data Storate
Website
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CHSmart valor logo
Blockchain, cryptotechnology
The FinTech 50:
Based in the Swiss Crypto Valley, SMART VALOR is building a disintermediated network of investors, asset issuers/funds and facilitators, such as compliance providers and rating agents. The network is coordinated by a smart-contract-based governance model, which incentivizes each participant to contribute maximum value to the network. Improved access to the network via cryptocurrencies, broad spectrum of tokenized investment assets and consensus-based validation mechanism – these are the key elements of the SMART VALOR network.
SMART VALOR aims to combine privacy and security of a leading offshore banking center with the accessibility and diversity of the blockchain-based open network.
Company
Smart valor logo
Key people
CEO: Olga Feldmeier; Founders: Olga Feldmeier, Oliver Feldmeier
Founded
2017
Funding
Total Funding: CHF 1.5M; Latest Funding: $1.5M Seed, November 2017
HQ
Switzerland
CHSector
Blockchain, cryptotechnology
Website
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LUTetrao
Process automation, RegTech
The FinTech 50:
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
LUSector
Process automation, RegTech
Website
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GBTrustology
Crypto security
The FinTech 50:
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
GBSector
Crypto security
Website
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GBZego
Insurance
The FinTech 50:
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
GBSector
Insurance
Website