The FinTech50  |  The Fintechs  |  The Fintechs 2019

Selected from over 2000 plus companies across Europe by some of the biggest names in FinTech. Meet The FinTech50

The FinTech50 2019 Hall of Fame 2019 The Hot 10 2019

The FinTech50 2019:

  • Alan

    FR

    Alan

    Digital Health Insurance

    The FinTech 50:

    Alan

    Alan is a provider of an online digital insurance service intended to unlock frictionless, fair, and friendly healthcare for everyone. The company's service offers simple and seamless insurance coverage with reimbursements, easy claim handling, and gives users access to medical professionals, both through in-person appointments and by video calls, enabling users to easily and conveniently get medical advice and manage their claims and reimbursements.

    Company

    Alan

    Key people

    Founders: Charles Gorintin, Jean-Charles Samuelian

    Founded

    2016

    Funding

    Total funding £268.2m Post Money valuation £1.2Bn April 2021
    Most Recent Financing Status (as of 22-Apr-2021)
    The company raised EUR 185 million of Series D venture funding in a deal led by Coatue Management on April 19, 2021. Dragoneer Investment Group, Exor, Ribbit Capital, Index Ventures, and Temasek Holdings also participated in the round. The funds will be used to fuel the recruitment efforts of an additional 400 staff and reach 1 million members in Europe by 2023. Also, Undisclosed investors sold a stake in the company for EUR 35 million on April 19, 2021. Previously, the company raised EUR 50 million through the combination of debt and Series C venture funding in a deal led by Temasek Holdings on April 20, 2020.

    Index Ventures and other undisclosed investors also participated in the round. The funds will be used to push its growth via 4 main avenues: offering better health insurance coverage to its members; digitizing healthcare for companies; becoming the leading app for instant health info; and, expanding internationally (following the opening of two new offices in Spain and Belgium this summer, Alan aims to expand in most European countries over the next 5 years).

    HQ

    Paris, France
    FR

    Sector

    Digital Health Insurance

    Website

    alan.com

  • Arab

    DE

    Arab

    ESG investing / sustainability / machine learning / Big Data

    The FinTech 50:

    Arab

    Provider of asset management services intended to make sustainable investments attractive and available to all investors. The company's services provide self-learning quant models and big data to assess the performance and sustainability of globally listed companies, enabling investors to make proper and informed investments.

    Through machine learning and big data, Arabesque S-Ray systematically combines over 200 environmental, social, and governance (ESG) metrics with news signals from over 50,000 sources across 15 languages.

    It is the first tool of its kind to rate companies on the normative principles of the United Nations Global Compact: Human Rights, Labor Rights, the Environment, and Anti-Corruption (GC Score).

    Company

    Arab

    Key people

    CEO: Andreas Feiner

    Founded

    2017

    Funding

    Total funding: $20M; Latest funding: $20M Series A, Jan 2019 - Allianz X, Land Hessen, Commerz Real AG and DWS Group

    HQ

    Frankfurt, Germany
    DE

    Sector

    ESG investing / sustainability / machine learning / Big Data

  • Azimo

    GB

    Azimo

    Money transfer, Remittances, Financial inclusion

    The FinTech 50:

    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

  • 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 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
    NL

    Sector

    Mobile banking

    Website

    bunq.com

  • Calastone

    GB

    Calastone

    Trading

    The FinTech 50:

    Calastone

    Calastone is an independent, cross-border transaction network for the mutual fund industry. The company is the largest global funds transaction network, connecting many of the world’s leading financial organisations.

    Their mission is to make funds accessible to everyone by reducing the frictional cost of trading. They use smart technology solutions and industry collaboration to lower operational risk and enhance client profitability through digitisation and automation.

    Over 1,700 customers in 40 countries and territories benefit from Calastone’s services, processing over 9 million messages and £170 billion of transactions each month.

    Company

    Calastone

    Key people

    CEO: Julien Hammerson; Founders: Kevin Lee, Ian Taylor, Philip Goffin

    Founded

    2011

    Funding

    Total funding: $22.8M; Latest funding: Venture October 2013

    HQ

    London, UK
    GB

    Sector

    Trading

    Website

    calastone.com

  • Chainalysis

    DK

    Chainalysis

    Blockchain, AML, bitcoin, trust

    The FinTech 50:

    Chainalysis

    Chainalysis designs and develops anti-money laundering software for Bitcoin businesses. Its products include REACTOR, an interactive and investigation tool that identifies offenders, visualizes data, and shares results with people and organizations, and API, a transaction based risk scoring solution that contains source and destination of funds to measure risk.

    The company's software offers transfer of value over the Internet and new methods of data analysis, visualization and actionable intelligence to protect the integrity of cryptocurrency transactions, enabling financial institutions to interact with businesses that transact on the blockchain and meet compliance requirements.

    Jan Moller, Jonathan Levin, and Michael Gronager founded Chainalysis in 2014. It has its headquarters in New York City with an additional office in Copenhagen in Denmark.

    Company

    Chainalysis

    Key people

    Founders: Jan Moller, Michael Gronager, Jonathan Levin

    Founded

    2014

    Funding

    Latest funding: Feb 2019 $30M / April 2019 $6M; Total funding: $53.6M

    HQ

    Copenhagen, Denmark
    DK

    Sector

    Blockchain, AML, bitcoin, trust

    Website

    chainalysis.com

  • 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

    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

  • Clearmatics

    GB

    Clearmatics

    Blockchain

    The FinTech 50:

    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

    The FinTech 50:

    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

  • Cloudmargin

    GB

    Cloudmargin

    RegTech, Risk Management, Business Productivity

    The FinTech 50:

    Cloudmargin

    CloudMargin was formed in 2014, inspired by the power of new technology and driven by the belief that existing collateral management solutions were over-priced, inefficient, and inaccessible, the founders decided to change things for the better.

    Developer of a cloud-based collateral and risk management platform designed to centralize, connect, automate, and optimize collateral management for everyone. The company's platform offers real-time reports on all collateral positions in order to facilitate straight-through processing through settlement, enabling financial institutions to meet time-critical regulatory deadlines and reduce costs associated with collateral requirements.


    Company

    Cloudmargin

    Key people

    CEO: Stuart Connolly

    Founded

    2014

    Funding

    The company raised GBP 15.80 million of Series B venture funding from Deutsche Börse Group, DB1 Ventures and Citigroup on September 22, 2020, putting the company's pre-money valuation at GBP 25.98 million. Deutsche Bank also participated in the round. The funds will be used by the company to further innovate the platform and technological capability to deliver an enhanced product and service for clients and partners. In addition, the firm intends to expand its sales and client service capabilities in the U.S. and Asia to meet greater demand.
    Series A investors included: Illuminate Financial, IHS Markit, Jefferies

    HQ

    London, UK
    GB

    Sector

    RegTech, Risk Management, Business Productivity

    Website

    cloudmargin.com

  • Comply advantage

    GB

    Comply advantage

    AML, Compliance, RegTech

    The FinTech 50:

    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

  • Cuvva

    GB

    Cuvva

    Insurance

    The FinTech 50:

    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

  • Cytora

    GB

    Cytora

    Insurance, underwriting, AI

    The FinTech 50:

    Cytora

    Cytora founded in 2014 transforms underwriting for commercial insurance. The Cytora Risk Engine uses artificial intelligence to learn the patterns of different risks and loss outcomes over time and computes a rank, score and price for every property and organization, enabling insurers to target the most profitable risks, improve risk selection and pricing as well as deliver fairer prices to their customers.

    The company raised GBP 25 million of Series B venture funding in a deal led by EQT Ventures on April 16, 2019. Parkwalk Advisors, Adfisco and Cambridge Innovation Capital also participated in the round.

    Company

    Cytora

    Key people

    Founders: Aeneas Wiener, Andrzej Czapiewski, Joshua Wallace, Richard Hartley

    Founded

    2019

    Funding

    Total funding: $41.4M; Latest funding: $25M, Series B, April 2019 - EQT Ventures, Cambridge Innovation Capital, Parkwalk Advisors

    HQ

    London, UK
    GB

    Sector

    Insurance, underwriting, AI

    Website

    cytora.com

  • Eigen

    GB

    Eigen

    AI / NLP / Qualitative Data

    The FinTech 50:

    Eigen

    Based in London and New York, Eigen is a research-led artificial intelligence company whose mission is to help individuals and organisations make the right decisions by unlocking the value of their qualitative data.

    Eigen automates the extraction and classification of information from documents. Its simple, flexible Natural Language Processing (NLP) technology accurately extracts information from diverse types of documents at scale and can be integrated into clients’ workflows. The start-up uses state-of-the-art machine learning algorithms to recognize patterns in text and give accurate answers to unique questions. This enables clients to use data in new ways to make the right business decisions: driving down costs, finding opportunities, calculating risks, and meeting regulatory requirements. Clients include leading names in finance, law, and professional services.

    Company

    Eigen

    Key people

    Founders: Jonathan Feuer, Lewis Z Liu

    Founded

    2014

    Funding

    Total funding: $17.5M; Latest funding: $17.5M, Series A, Jun 2018 - Goldman Sachs, Principal Strategic Investments, Temasek

    HQ

    London, UK
    GB

    Sector

    AI / NLP / Qualitative Data

    Website

    eigentech.com

  • Everledger

    GB

    Everledger

    Blockchain

    The FinTech 50:

    Everledger

    Developer of a global digital ledger platform designed to track and protect valuable assets. The company's digital ledger uses blockchain technology and a distributed ledger system to reduce fraud-related instances of valuables and generate more leads or provide evidence of compliance to industry standards, enabling manufacturers and jewelry retailers to gain digital asset analysis.

    The platform combines a rich forensic approach to identify and track asset provenance to provide confidence in the transparency driven across global supply chains.

    The company has raised $30M to date as of July 2020. Post valuation £46.99M as of March 2018.

    Company

    Everledger

    Key people

    CEO: Leanne Kemp

    Founded

    2015

    Funding

    Total funding: $30.4M; Latest funding: $20M Series A, September 2019 Most Recent Financing Status
    (as of 23-Apr-2021)Most Recent Financing Status
    (as of 23-Apr-2021)
    The company raised $7 million of convertible debt financing from Tencent Holdings, Government of UK and other undisclosed investors on July 15, 2020. Outrun Ventures also participated in this round.

    HQ

    London, UK
    GB

    Sector

    Blockchain

    Website

    everledger.io

  • Farewill

    GB

    Farewill

    Online wills

    The FinTech 50:

    Farewill

    Farewill is a digital, all-in-one financial and legal services platform for dealing with death. The company offers an online personalized will-writing, will management and probate services enabling clients to manage their wills online using simple and affordable digital tools through round-the-clock customer service operations.

    The company raised GBP 7.68 million of Series A venture funding from dmg ventures, M&C Saatchi and Augmentum (London) on January 14, 2019, putting the company's pre-money valuation at GBP 11.74 million. It is backed by the founders of Zoopla and Wonga, along with Kindred Capital and M&C Saatchi.

    Company

    Farewill

    Key people

    Founders: Dan Garrett, Tom Rogers

    Founded

    2015

    Funding

    Total funding: £8M; Latest funding: £7.5M, Venture round, Jan 2019

    HQ

    London, UK
    GB

    Sector

    Online wills

    Website

    farewill.com

  • 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

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Hall of Fame 2019:

Each year we invite our international panel to select The Fintech50 by secret ballot. These ten companies, presented here in order of ranking. secured the most votes in 2019. Congratulations to Onfido - this year’s top-ranked Fintech.

  • Alan

    FR

    Alan

    Digital Health Insurance

    The FinTech 50:

    Alan

    Alan is a provider of an online digital insurance service intended to unlock frictionless, fair, and friendly healthcare for everyone. The company's service offers simple and seamless insurance coverage with reimbursements, easy claim handling, and gives users access to medical professionals, both through in-person appointments and by video calls, enabling users to easily and conveniently get medical advice and manage their claims and reimbursements.

    Company

    Alan

    Key people

    Founders: Charles Gorintin, Jean-Charles Samuelian

    Founded

    2016

    Funding

    Total funding £268.2m Post Money valuation £1.2Bn April 2021
    Most Recent Financing Status (as of 22-Apr-2021)
    The company raised EUR 185 million of Series D venture funding in a deal led by Coatue Management on April 19, 2021. Dragoneer Investment Group, Exor, Ribbit Capital, Index Ventures, and Temasek Holdings also participated in the round. The funds will be used to fuel the recruitment efforts of an additional 400 staff and reach 1 million members in Europe by 2023. Also, Undisclosed investors sold a stake in the company for EUR 35 million on April 19, 2021. Previously, the company raised EUR 50 million through the combination of debt and Series C venture funding in a deal led by Temasek Holdings on April 20, 2020.

    Index Ventures and other undisclosed investors also participated in the round. The funds will be used to push its growth via 4 main avenues: offering better health insurance coverage to its members; digitizing healthcare for companies; becoming the leading app for instant health info; and, expanding internationally (following the opening of two new offices in Spain and Belgium this summer, Alan aims to expand in most European countries over the next 5 years).

    HQ

    Paris, France
    FR

    Sector

    Digital Health Insurance

    Website

    alan.com

  • Monese

    GB

    Monese

    Digital Banking, Financial Inclusion

    The FinTech 50:

    Monese

    Monese provides instant on-demand UK current accounts and European IBAN accounts in 20 countries regardless of the customer's citizenship.

    Monese's breakthrough technology can validate the identity of customers in real time enabling customers to open an account in a matter of minutes, using a mobile app

    Revolutionizing banking for expats, digital nomads and new residents as ‘residency restrictions’ imposed by traditional high street banks are one of the single greatest barriers to accessing the banking system when arriving in a new country.

    Company

    Monese

    Key people

    Founder & CEO: Norris Koppel

    Founded

    2013

    Funding

    Most Recent Financing Status (as of 07-Jun-2021)
    SmartCap sold its stake in the company for an undisclosed sum. Previously, the company raised GBP 32.55 million of venture funding from PayPal Ventures, Outrun Ventures, Kinnevik and Augmentum Fintech on July 1, 2020, putting the company's pre-money valuation at GBP 75.53 million. Veljo Otsason, Baris Aksoy and João Monteiro also participated in the round.

    HQ

    London, UK
    GB

    Sector

    Digital Banking, Financial Inclusion

    Website

    monese.com

  • Monzo

    GB

    Monzo

    Digital Banking

    The FinTech 50:

    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

    The FinTech 50:

    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

  • OakNorth

    GB

    OakNorth

    Lending / Debt Finance for fast-growth businesses

    The FinTech 50:

    OakNorth

    OakNorth Bank is a UK bank for small and medium sized companies that provides business and property loans of £0.5-£50 million.

    The bank invested in Bright Minds Daycare in December 2019, this investment was valued at £750K.

    Company

    OakNorth

    Key people

    Founders: Rishi Khosla (CEO), Joel Perlman

    Founded

    2015

    Funding

    Total Funding: $1Bn; Latest Funding: £440M, Venture Round, February 2019

    HQ

    London, UK
    GB

    Sector

    Lending / Debt Finance for fast-growth businesses

    Website

    oaknorth.com

  • Onfido

    GB

    Onfido

    Compliance, Risk, Regulation

    The FinTech 50:

    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

  • Raisin

    DE

    Raisin

    Savings, Investment marketplace

    The FinTech 50:

    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

  • Revolut

    GB

    Revolut

    Digital Banking, peer to peer payments, currency exchange

    The FinTech 50:

    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

  • solarisBank

    DE

    solarisBank

    Open Banking, API Accessible banking platform

    The FinTech 50:

    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

  • Tink

    SE

    Tink

    Open Banking

    The FinTech 50:

    Tink

    Tink is a cloud-based platform that provides the infrastructure and data products that are enabling the future of financial services.

    The company offer products such as Account Aggregation, Payment Initiation, Data Enrichment and Personal Finance Management that can be used to develop standalone services or be integrated into existing banking applications. Its partners include ABN AMRO, BNP Paribas Fortis, Nordea, Klarna and SEB.

    In June 2019, Tink received $11.3m strategic investment from PayPal to continue its expansion across Europe.

    Today, Tink has more than 250 employees globally and is Europe’s leading open banking platform, enabling customers to connect to more than 2,500 banks in 14 markets including the UK, Sweden, France, Germany, and the Netherlands.

    Company

    Tink

    Key people

    Founder(s): Daniel Kjellén (CEO), Fredrik Hedberg

    Founded

    2012

    Funding

    Total investment: $90.5M
    Latest investment: May 2019 $11.3M Corporate Round - Paypal Ventures

    HQ

    Stockholm, Sweden
    SE

    Sector

    Open Banking

    Website

    ink.com

The Hot 10 2019:

We launched our companion list, The Hot Ten, in 2015 to recognise ten exceptional innovators in earlier stage Fintechs. Based in Switzerland, Denmark, The UK (Manchester and London), Luxembourg, The Netherlands, Germany and Israel, this year’s Hot Ten are bringing innovation to core banking, regulation, digital cash, open banking, debt management, crop insurance in emerging markets and the circular economy.

  • Apiax logo oxford blue R

    CH

    Apiax logo oxford blue R

    Regtech, Compliance, Machine Learning

    The FinTech 50:

    Apiax logo oxford blue R

    Apiax enables financial institutions to map existing regulatory requirements and quickly adjust changing licensing regimes for different legal entities. The uncertainties surrounding Brexit are increasing the need for efficient compliance solutions and Apiax believes it is well equipped to meet these challenges, as its solution enables financial institutions to map existing regulatory requirements and quickly adjust changing licensing regimes for different legal entities.

    In March 2019, Apiax opened in London and hired former Financial Conduct Authority (FCA) expert on RegTech, Alan Blanchard. In May, Apiax joined the third cohort of Allen & Overy’s fuse accelerator to kickstart its business activities in the UK.

    The Regtech was named early stage startup of the year at the Swiss FinTech Awards 2019.

    Former UBS Chairman Peter Kurer acts as an investor and advisor to the firm.

    Company

    Apiax logo oxford blue R

    Key people

    Founders: Nicolas Blanchard, Philip Schoch, Ralf Huber, Thomas Suter

    Founded

    2017

    Funding

    Last funding: $1.5M seed - Sept 2017

    HQ

    Zürich, Switzerland
    CH

    Sector

    Regtech, Compliance, Machine Learning

    Website

    apiax.com

  • ARYZE

    DK

    ARYZE

    Cryptocurrencies, Blockchain, Payments, Digital Cash

    The FinTech 50:

    ARYZE

    Denmark'‘s ARYZE want to solve the UN’s Sustainable Development Goal Number 10 by lowering the global average cost of sending money abroad from 7.2 per cent to 3 per cent.

    Their vision is to create a global infrastructure for e-money with prices fixed to its traditional counterparts

    Backed by 283 investors from 15 different countries in a private token sale, ARYZE is a team of entrepreneurs, former bankers, marketing specialists and developers based in Copenhagen, Denmark. They bridge the gap between conventional money and digital currencies by creating a true digital representation of cash. ARYZE aims to provide payment infrastructure that enables individuals, businesses, and IOT devices to make instant payments globally in a modular ecosystem.

    Built on distributed ledger technology, ARYZE features include:

    • Zero transaction fees, and affordable currency exchange services
    • Programmable money transfers, enabled by Smart contracts
    • Digital Cash backed by government risk
    • Enabling global commerce with an extensive financial solution designed for businesses
    • Consumer app with support for crypto and FIAT currencies

    Company

    ARYZE

    Key people

    Founders: Jack Nikogosian (CEO), Morten Nielsen, Carl Jenster

    Founded

    2017

    Funding

    Last funding: ICO $1.6M; Total funding: $1.6M

    HQ

    Copenhagen, Denmark
    DK

    Sector

    Cryptocurrencies, Blockchain, Payments, Digital Cash

    Website

    aryze.io

  • Bankifi

    GB

    Bankifi

    Open banking, payments

    The FinTech 50:

    Bankifi

    Founded and advised by highly experienced industry ‘names’, BankiFi enables banks to go ‘beyond an open experience’ promise with relevant offerings to their client base in terms of time, location and context. Its data-driven distributed banking model allows financial service providers to manage, consume, distribute and monetise data through a suite of API driven micro services.

    BankiFi and its solutions (ConsentBox, PocketTreasurer, PocketCollector, and PocketConsent) are offered as a managed service that can run either in a private or public cloud. This set of consumable services has been designed to store as little data as possible outside the bank environment. BankiFi combines the core strength of the bank – customer relationships and a regulated environment – with the fast, agile development skills of a robust FinTech partner.

    This combination is a win on three counts: the bank gets new net income and offers its customers a relevant business experience, reduced risk and lower cost of R&D and integration. The FinTech community get an amazing developer experience and avoid the complexity of dealing with consent in their apps and thirdly the empowered customer has access to relevant services and full data control.

    Bankifi operates out of the UK (Manchester) and the Netherlands (Amsterdam).

    Company

    Bankifi

    Key people

    Founders: Conny Dorrestijn, Mark Hartley - Advisor David Birch

    Founded

    2017

    Funding

    Last funding: self-funded with additional resources from thestartupfactory

    HQ

    Manchester, UK
    GB

    Sector

    Open banking, payments

    Website

    bankifi.com

  • Foundry Logo Square png

    GB

    Foundry Logo Square png

    Digital modular banking

    The FinTech 50:

    Foundry Logo Square png

    Created by challenger consultancy 11:FS, Foundry is a complete banking architecture that offers a modular, ledger-first set of components to deliver secure, digitally-native propositions quickly and to scale.

    In October 2018, Norwegian bank DNB took 5% stake for $3M and increased its investment in June 2019.

    11:FS Foundry aims to bring digital, personalised services and experiences to market far faster than traditional methods and at significantly less cost. It uses cloud-based technology and a modular approach, allowing customers to deploy an entire banking stack, or select services, depending on their strategy.

    Foundry also claims to improve service development efficiency and deliver a lower total cost of ownership for digital services. It offers a higher level of IT security, based on a “zero-trust security” model, built to be encrypted and GDPR compliant.

    Banks that have already invested in banking systems, or cannot easily build on their underlying infrastructure, can also use 11:FS Foundry to launch new digital offerings in a gradual and modular way.

    Company

    Foundry Logo Square png

    Key people

    CEO: Dr Leda Glyptis

    Founded

    2017

    Funding

    Funding: $3M (DNB)

    HQ

    London, UK
    GB

    Sector

    Digital modular banking

  • Gardenia Technologies

    GB

    Gardenia Technologies

    Supply Chain Finance

    The FinTech 50:

    Gardenia Technologies

    Winner of this year’s NadiFin Accelerator, Gardenia Technologies improves companies' bottom-line and profitability through the use of proprietary advanced analytics and systematic working capital finance solutions.

    Gardenia’s fully systematic, automated data-driven solutions provide finance along the entire supply chain lifecycle - and algorythms analyse transactional data to assess the actual risk in payments and underwrite financing decisions.

    In July 2019, Gardenia Technologies was voted by its cohort peers as the winner of the 2019 NadiFin Acceleration Program, paving the way for a €100,000 investment from MiddleGame Ventures.

    Company

    Gardenia Technologies

    Key people

    Founders: Jonathan Schneider, Rupert Schneider

    Founded

    2016

    Funding

    Last funding: €100k; Total funding: €100k - awarded by NadiFin Accelerator, Luxembourg

    HQ

    London, UK
    GB

    Sector

    Supply Chain Finance

  • Globechain primary logo transparent

    GB

    Globechain primary logo transparent

    Circular economy, ESG data

    The FinTech 50:

    Globechain primary logo transparent

    Globechain is a reuse marketplace that connects corporates to charities, smes and people to redistribute unneeded items, generating ESG data. Sectors Globechain focuses on include banking, retail and the construction industry. In 2013 May Al-Karooni set up Globechain after seeing a demand for a new online circular economy within the waste management industry after her own bank employer expressed a need to reuse items in a more collaborative way.

    Globechain has over 10,000 members working with some of the world’s largest brands as well as growing a large network of charities nationally and internationally. Last year 5,100,000 kilos were diverted from landfill items being re distributed within the UK as well West Africa and Ukraine providing savings of over £2,000,000 to charitable causes.

    Company

    Globechain primary logo transparent

    Key people

    CEO & Founder: May Al-Karooni

    Founded

    2017

    Funding

    Last funding: $725k seed - April 2019

    HQ

    London, UK
    GB

    Sector

    Circular economy, ESG data

    Website

    globechain.com

  • Neufund logo

    DE

    Neufund logo

    Blockchain, Tokenized equity, Open-source protocols, Security tokens

  • OKO logo final 2500

    IL

    OKO logo final 2500

    Agritech, Insurance, Farmers, Emerging Markets, Weather, Micro Credit

    The FinTech 50:

    OKO logo final 2500

    OKO creates and distributes crop insurance to smallholder farmers in emerging countries, helping them to secure their income. The service is accessible to anyone with a phone, and automates claim verification using satellite data and images.

    In addition to insurance, farmers can benefit from weather alerts, farming tips and access to affordable micro-credit.

    With 500 million unbanked smallholder farmers in the world, the market is worth $7.5 billion globally and it is growing at a rate of 20% per year.

    Company

    OKO logo final 2500

    Key people

    Founders: Simon Schwall

    Founded

    2017

    Funding

    Total funding: USD 225k from private investors (Barclays, Techstars, RaSa Future Fund and ImpactAssets) / USD 365k in grants / USD 90 as a loan

    HQ

    Tel Aviv, Israel
    IL

    Sector

    Agritech, Insurance, Farmers, Emerging Markets, Weather, Micro Credit

    Website

    oko.finance

  • Swoop

    GB

    Swoop

    Funding

    The FinTech 50:

    Swoop

    Founded by Andrea Reynolds and Ciaran Burke, Swoop acts as a virtual CFO for SMEs, supporting them through the funding, saving and financial advice landscapes.

    Swoop’s matching algorithm connects SMEs to suitable and viable options. Customers have their own financial dashboard to keep up to date on their financial and liquidity metrics and Swoop alerts them when they become eligible for new funds. Swoop commits to reducing the funding disparity between London and the rest of the UK, particularly for equity finance.

    In June 2019, following an initial investment by Enterprise Ireland and NESTA (€1.5M), Swoop was awarded €5.6 million by the UK Banking Competition Remedies (BCR) – an independent body working on behalf of Royal Bank of Scotland (RBS). BCR aims to ensure RBS is continually promoting competition within banking, and fair access for SMEs to the banking services market, with funds becoming available when an alternative body can better deliver this goal...

    At present, Swoop boasts over 1,000 funding providers on its active database, and has committed to onboarding 540,000 SMEs, approximately 15% of the business current account market.

    Company

    Swoop

    Key people

    Founders: Andrea Reynolds, Ciaran Burke

    Founded

    2017

    Funding

    Last funding: $5M Capability & Innovation Fund; Total funding: $6.5M - investors include Enterprise Ireland / NESTA

    HQ

    London, UK
    GB

    Sector

    Funding

    Website

    oopfunding.com

  • Tully logo

    GB

    Tully logo

    Financial wellbeing, Financial education, consumer debt