The FinTech50  |  The Fintechs

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

The FinTech 50

The FinTech 50 2020:

  • Farewill

    GB

    Farewill

    LegalTech, End of life Planning

    The FinTech 50:

    Farewill

    Provider of an all-in-one financial and legal services platform intended to deal with all paperwork after death. The company's services offer an online personalized will-writing, will management and probate alternative, enabling clients to manage their wills online using simple and affordable digital tools through round-the-clock customer service operations.

    Company

    Farewill

    Key people

    Founders: Daniel Garrett and Timothy Levene

    Founded

    2015

    Funding

    Most Recent Financing Status (as of 10-Feb-2021)
    The company raised GBP 22.1 million of venture funding through a combination of debt and equity on July 8, 2020, putting the company's pre-money valuation at GBP 52.86 million. GBP 15.08 million equity portion of Series B funding was led by Highland Europe with participation from Kindred Capital, Augmentum Fintech, Keen Venture Partners, Rich Pierson, Taavet Hinrikus, Broadhaven Capital Partners and VentureFounders.

    A GBP 7.01 million debt portion was also received. The funds will be used to fund expansion in the UK, as well as ongoing service improvement and product innovation.

    HQ

    London, UK
    GB

    Sector

    LegalTech, End of life Planning

    Website

    farewill.com

  • Fintech OS

    GB

    Fintech OS

    Banking & InsurTech

    The FinTech 50:

    Fintech OS

    Provider of acceleration technologies designed to digitize financial services institutions. The company's technologies let internal financial specialists, helped by third-party integrators, to configure new financial services, products, and digital channels to reshape client experiences of banking and insurance companies, enabling financial institutions to quickly deploy software supporting the sale or distribution of new financial products.

    Company

    Fintech OS

    Key people

    Founders: Teodor Blidarus, Sergiu Negut, Adam Niewinski

    Founded

    2017

    Funding

    Most Recent Financing Status (as of 20-Apr-2021)
    The company raised $60 million of Series B venture funding in a deal led by Draper Esprit on April 20, 2021. GapMinder Venture Partners, LAUNCHub Ventures, Earlybird Venture Capital, OTB Ventures and other undisclosed investors also participated in the round.

    The funds will be primarily used to cement the company's position in Europe and the UK and fuel international expansion to target financial institutions in Asia-Pacific, Middle East and Africa, and North America.

    Previously, the company raised GBP 10.7 million of Series A venture funding in a deal led by Earlybird Venture Capital and OTB Ventures on December 10, 2019. GapMinder Venture Partners and LAUNCHub Ventures also participated in the round. The funds will be used to invest in the continued development of more pre-built apps, services and solutions.

    HQ

    London, UK
    GB

    Sector

    Banking & InsurTech

    Website

    fintechos.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

    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
    GB

    Sector

    Data Analytics

    Website

    fluidly.com

  • Form3

    GB

    Form3

    Payments

    The FinTech 50:

    Form3

    Developer of a cloud-based payment technology platform designed to offer payment processing, clearing, and settlement services. The company's platform facilitates agency payment services that can be accessed through an application program interface on a per transaction commercial model with no upfront costs, enabling financial institutions and businesses to get reliable and secure access to various payment schemes and bank partnerships.

    Customers include a wide range of regulated financial institutions, including leading banks, non-bank financial institutions, and FinTech companies (payment institutions, e-money providers, and pre-paid card providers).

    Partnerships with Pockit to give their 500,000 UK customers access to faster payments.

    Company

    Form3

    Key people

    Founder: Michael Mueller

    Founded

    2016

    Funding

    Most Recent Financing Status (as of 15-Apr-2021)
    The company received an undisclosed amount of financing from MasterCard on December 16, 2020.

    Previously, the company raised GBP 24.11 million of Series C venture funding from Lloyds Banking Group, Nationwide Building Society and 83North on August 18, 2020, putting the company's pre-money valuation at GBP 68.69 million. Draper Esprit also participated in the round.

    HQ

    London, UK
    GB

    Sector

    Payments

    Website

    form3.tec

  • Habito

    GB

    Habito

    Online Mortgages

    The FinTech 50:

    Habito

    Provider of a digital mortgage platform offering mortgage products from a range of over 90 lenders. The digital mortgage broker has helped over 180,000 homebuyers to source a mortgage or switch to a better rate.

    The company's platform makes use of chatbot interfaces and machine learning designed to make the process more efficient, enabling consumers to find the suitable deals for themselves in order to choose lowest to highest monthly payments and to apply for mortgages and avoid overpaying of interest rates and monthly cost.

    Company

    Habito

    Key people

    CEO & Founders: Daniel Hegarty

    Founded

    2015

    Funding

    Most Recent Financing Status (as of 22-Feb-2021)
    The company received an undisclosed amount of debt financing in the form of a loan from Bootstrap Europe on February 8, 2021.

    The additional funding will allow the company to confidently boost its ambitious growth targets and continue to deliver ground-breaking and innovative digital experiences and products to its customers.

    On August 12, 2020 the company raised GBP 35 million through a combination of debt and Series C venture funding in a deal led by Mojo Capital, Augmentum (London) and SBI Insurance Group, putting the company's pre-money valuation at GBP 117.87 million.

    Mosaic Ventures, Ribbit Capital, Mahr Projects, VentureFounders, Atomico, and Regah Ventures also participated in the round. The funds will be used to continue digitising aspects of home financing and buying which still remain a pain-point for homebuyers and sellers.

    HQ

    London, UK
    GB

    Sector

    Online Mortgages

    Website

    abito.com

  • HQLA

    LU

    HQLA

    Blockchain Capital Markets

    The FinTech 50:

    HQLA

    Operator of a blockchain-based securities lending platform intended to improve collateral fluidity. The company's platform offers a standardized and transparent marketplace, where regulators are provided with a digital collateral receipt tracking view with reduced systematic risks, enabling market participants to improve collateral fluidity by creating an efficient, transparent and cost-effective marketplace for liquidity transfers.

    Currently collateral upgrade market relies on collateral to be managed across a fragmented custody network. Settlement of transactions occurs at unspecified times during settlement windows by either:
    Two Free of Payment (FoP) deliveries, or Two Delivery versus Payment (DvP) settlements. These settlement practices consume costly bank capital. The former consumes intraday credit due to timing and mismatches of unsynchronised (FoP) deliveries, and the latter consumes intraday liquidity due to the cash payment legs of (DvP) settlements.

    HQLAᵡ uses new technology in an innovative way to enhance collateral mobility across the existing custodian/triparty landscape.

    Company

    HQLA

    Founded

    2016

    Funding

    Most Recent Financing Status(as of 22-Jun-2021)
    The company raised EUR 14.4 million of Series B venture funding in a deal led by BNP Paribas Securities Services, Citigroup, and BNY Mellon on January 11, 2021. Deutsche Börse Group and JPMorgan Chase also participated in the round.

    The funding will be used to accelerate the core premise of the company's platform - helping the industry address European collateral fragmentation by extending its connectivity to leading triparty agents, custodians, and market participants.

    HQ

    Luxembourg
    LU

    Sector

    Blockchain Capital Markets

    Website

    qla-x.com

  • IDnow

    DE

    IDnow

    AML, Identity Management

    The FinTech 50:

    IDnow

    IDnow provides advanced machine-learning technology for its Identity-as-a-Service platform that can verify identities in real time. The company's solutions guarantee legal security throughout Europe and the highest level of data security. The company provides a legally secure solution without additional hardware in the area of video identification of customers and electronic signatures.

    Its customer portfolio includes renowned firms such as Commerzbank, UBS, Sixt neuwagen, Telefónica, and N26.

    The company raised EUR 36 million of venture funding in a deal led by Corsair Capital on November 8, 2019. Plug and Play Tech Center also participated in the round.

    Buyside mandates include: Identity Trust Management (Mar 21) and Wirecard Communication Services (Sep 20)

    Company

    IDnow

    Key people

    Founders: Armin Bauer, Dennis von Ferenczy, Felix Haas, Sebastian Baerhold; CEO: Andreas Bodczek

    Founded

    2014

    Funding

    Total funding raised to date £55.17m as of Dec 2020.
    Most Recent Financing Status (as of 09-Dec-2020)
    The company received EUR 15 million of debt financing in the form of a loan from European Investment Bank on December 8, 2020. The funds are to be put into research and development activities and into the company's international expansion.
    The company raised EUR 36 million of venture funding in a deal led by Corsair Capital on November 8, 2019. Plug and Play Tech Center also participated in the round. Other investor in the company include: HW Capital, Seventure Partners, Digital Opportunity Fund

    HQ

    Munich, Germany
    DE

    Sector

    AML, Identity Management

    Website

    idnow.eu

  • Liberis

    GB

    Liberis

    Lending

    The FinTech 50:

    Liberis

    Liberis provides access to simple, flexible, and fair finance for small businesses.

    Liberis has provided more than 16,000 SMEs all over the world with over £500M funding.

    June 2021 the company announced it has been selected by Klarna, the leading global payments and shopping service, for a strategic collaboration to provide additional financial services to Klarna merchants. Through this partnership, Liberis will initially provide revenue-based financing to Klarna merchants.

    Company

    Liberis

    Key people

    Molly Levy

    Founded

    2007

    Funding

    .Most recent funding £70M funding from long-term partners – British Business Investments, BCI Europe and Paragon Bank and financing and venture debt from a new partner – Silicon Valley Bank (SVB). With this, the overall investment raised by the company totals to £217.4M including £50M equity funding.

    The company stated that it will use the investment to fuel its growth, launch new products, enter into new markets and provide additional customer financing solutions.

    HQ

    London, UK
    GB

    Sector

    Lending

    Website

    liberis.co.uk

  • Metaco

    CH

    Metaco

    Blockchain, DeFi, Trade, Issue and manage Digital Assets

    The FinTech 50:

    Metaco

    Provider of security-critical infrastructure services intended to help financial institutions to enter the digital asset ecosystem. The company's services offer blockchain technologies and systems that provide comprehensive management of digital assets including thousands of cryptocurrencies, tokens, and smart contracts with custom risk management ensuring the best-fit balance for asset security and liquidity, enabling financial institutions to manage the full lifecycle of asset tokens with a complete smart contract framework.

    METACO Trades connects the largest exchanges, brokers and market makers in a powerful order management system addressing hundreds of cryptocurrencies and tokens

    Company

    Metaco

    Key people

    Founders: Adrien Treccani and Nicolas Dorier

    Founded

    2015

    Funding

    Most Recent Financing Status (as of 23-Apr-2021)
    The company raised CHF 17 million of Series A venture funding in a deal led by Giesecke+Devrient Ventures on July 14, 2020, putting the company's pre-money valuation at CHF 29.02 million.

    Avaloq, Swisscom, Swiss Post, SC Ventures, Zürcher Kantonalbank, Standard Chartered, Virtual Network, Verve Ventures and SICPA Holdings also participated in the round.

    The funds will be used to fuel the next phase in its growth in sales, product, and partnerships, broadening the presence in the US, South East Asia, and Western Europe and investment in R&D.

    HQ

    Lausanne, Switzerland
    CH

    Sector

    Blockchain, DeFi, Trade, Issue and manage Digital Assets

    Website

    metaco.com

  • Modulr

    GB

    Modulr

    Payments

    The FinTech 50:

    Modulr

    Provider of a payments-as-a-service API platform intended to offer a faster, easier and more reliable way to move money for digital businesses. The company's platform integrates into any product or system and automate payment flows, embed payments into their platforms and build entirely new payment products and services themselves, enabling businesses to streamline existing services, launch new products and scale more efficiently.

    Modulr’s new type of payment accounts are built for businesses that need a faster, easier and more reliable way to move money. Once integrated, businesses can instantly set up as many accounts as they need. Getting paid, reconciling and making payments is fully automated and can be managed in real-time, 24/7 through their existing software applications.

    Company

    Modulr

    Key people

    Founders: Myles Stephenson, Ritesh Tendulkar

    Founded

    2015

    Funding

    Most Recent Financing Status (as of 25-May-2021)
    The company raised GBP 12.66 million of venture funding from PayPal Ventures and FIS Ventures on April 13, 2021, putting the company's pre-money valuation at GBP 103.75 million.

    The funds will be used by the company to build its market share and payment infrastructure across the UK. Previously, the company raised GBP 18.82 million of venture funding in a deal led by Highland Europe on May 13, 2020, putting the company's pre-money valuation at GBP 83.77 million. Blenheim Chalcot and Frog Capital also participated in the round.

    HQ

    London, UK
    GB

    Sector

    Payments

  • 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

  • Moonfare

    DE

    Moonfare

    WealthTech

    The FinTech 50:

    Moonfare

    Developer of an investment marketplace designed to ease private market investing for wealthy individuals. The company's platform offers access to investment opportunities, reporting on an entire portfolio and aggregates individual demand through a feeder fund structure that invests directly into the underlying target fund, enabling individual investors to access private market investment instruments with lower barriers to entry.

    Company

    Moonfare

    Key people

    Founder and CEO: Steffen Pauls

    Founded

    2019

    Funding

    Most Recent Financing Status (as of 17-Mar-2021)
    The company raised an undisclosed amount of Series B venture funding in a deal led by Fidelity International Strategic Ventures on March 11, 2021.

    Cadence Growth Capital and Other undisclosed investors also participated in this round.

    HQ

    Berlin, Germany
    DE

    Sector

    WealthTech

    Website

    moonfare.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

  • PensionBee

    GB

    PensionBee

    Pensions

    The FinTech 50:

    PensionBee

    PensionBee has developed an online platform that provides pension plans, pension management and employment history, enabling their customer to track various pension plans and make investment decisions accordingly.

    Its features allow customers to track the pension progress and includes a pension calculator to set retirement goals and add new contributions.

    Company

    PensionBee

    Key people

    Founders: Romi Savova and Jonathan Lister

    Founded

    2015

    Funding

    Most Recent Financing Status (as of 23-Apr-2021)
    The company raised GBP 59.65 million in its initial public offering on the London Stock Exchange under the ticker symbol of PBEE on April 21, 2021. A total of 36,149,229 shares were sold at GBP 1.65 per share. After the offering, there was a total of 221,213,333 outstanding shares at GBP 1.65 per share, valuing the company at GBP 365.00 million. The total proceeds, before expenses, to the company was GBP 55 million and to the selling shareholders was GBP 4.65 million. In the offering, the company sold 33,333,333 shares and the selling shareholders sold 2,815,896 shares.

    HQ

    London, UK
    GB

    Sector

    Pensions

    Website

    ensionbee.com

  • Pleo

    DK

    Pleo

    Expense Management

    The FinTech 50:

    Pleo

    Developer of an all-in-one business spending platform intended to simplify the expense process. The company's platform provides smart company cards paired with mobile apps to automatically match receipts and track spending in real-time with detailed analytics while eliminating expense reports and automating bookkeeping tasks as it integrates directly with accounting software providers, thereby enabling businesses to simplify their spending.

    Company

    Pleo

    Key people

    Founders: Jeppe Rindom, Niccolo Perra

    Founded

    2015

    Funding

    (as of 21-Apr-2021)
    The company is reportedly in the process of raising $100 million of Series C venture funding as of April 21, 2021.

    Previously, the company raised $56 million of Series B venture funding in a deal led by Stripes Group on May 14, 2019, putting the company's pre-money valuation at $444 million.

    Creandum, Kinnevik, Founders, and Louise Dahlborn Samet also participated in the round. The funds will be used to expand more than triple its headcount, from 120 to 400 employees by the end of 2020 and to accelerate product development as it aims to serve the entire purchase process for SMEs across the whole of Europe.

    HQ

    Copenhagen, Denmark
    DK

    Sector

    Expense Management

    Website

    leo.io

  • Previse 01 1024x660

    GB

    Previse 01 1024x660

    Payments, e-Invoicing

    The FinTech 50:

    Previse 01 1024x660

    Previse, provider of a financial platform designed to analyse contract payments of various entities utilizing artificial intelligence.

    The company's platform uses advanced machine learning tools and numerous data points to determine how likely a corporate buyer will be to eventually pay a supplier's invoice, enabling the SMEs to receive a credit score including banks and asset managers, so that they can pay the supplier on the buyer's behalf based on the credit score.

    Previse has pioneered algorithm-driven invoice payment decisions.

    Company

    Previse 01 1024x660

    Key people

    Founder: Paul Christensen

    Founded

    2016

    Funding

    Most Recent Financing Status (as of 08-Jun-2021)
    The company raised GBP 8.26 million through the combination of debt and Series A venture funding in a deal led by MasterCard, Augmentum Fintech and Bessemer Venture Partners on April 16, 2020, putting the company's pre-money valuation at GBP 38.82 million.

    Hambro Perks and VentureFounders also participated in the round. The funds will be used to expand its InstantPay product to more corporate buyers around the world.

    HQ

    London, UK
    GB

    Sector

    Payments, e-Invoicing

    Website

    revi.se

  • Privitar

    GB

    Privitar

    Privacy Software

    The FinTech 50:

    Privitar

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

    Company

    Privitar

    Key people

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

    Founded

    2014

    Funding

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

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

    HQ

    London, UK
    GB

    Sector

    Privacy Software

    Website

    rivitar.com

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