The FinTech 50 2019:
-
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
2016
Funding
Total Funding Amount: £15.5M; Latest Funding: €5.6M Grant, June 2019
HQ
London, UK
GBSector
Data Analytics
Website
-
GBForm3
Payments
The FinTech 50:
Form 3 Financial Cloud delivers cloud-based connectivity, payment processing, clearing and settlement services.
Its clients 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
Founders: Michael Mueller
Founded
2016
Funding
Total funding: $24.3M over three rounds; Latest funding: $6.25M grant in June 2019 from Capability & Innovation Fund. Equity investors include Draper Esprit, Barclays and Angel CoFund
HQ
London, UK
GBSector
Payments
Website
-
GBHabito
Online Mortgages
The FinTech 50:
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
Latest Funding as of Dec 2019, £19.5M Series B from Augmentum FinTech, other investors include Atomico, Mosaic, Ribbit. Total Funding to date: £46.15M
HQ
London, UK
GBSector
Online Mortgages
Website
-
LUHqla
Payments
The FinTech 50:
The implementation of new bank regulations for liquidity, mandatory clearing, and margin requirements for OTC derivatives have caused a significant increase in demand for High Quality Liquid Assets (HQLAs).
The vision behind HQLAx is to provide market participants with a platform that helps improve collateral fluidity by creating a new, more efficient, more transparent and more cost effective marketplace for liquidity transfers.
Company
Hqla
Key people
Founders: Guido Stroemer (CEO), Olly Benkert
Founded
2016
Funding
Total funding: €10M; Latest funding: €10M, corporate round, Aug 2018 - Deutsche Boerse
HQ
Luxembourg
LUSector
Payments
Website
-
DEIDnow
Identity Management
The FinTech 50:
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.
Company
IDnow
Key people
Founders: Armin Bauer, Dennis von Ferenczy, Felix Haas, Sebastian Baerhold; CEO: Andreas Bodczek
Founded
2014
Funding
Total funding: $40M; Latest Funding: Series C, Oct 2019 - Corsair Capital, Plug and Play
HQ
Munich, Germany
DESector
Identity Management
Website
-
SEMinna
Payments
The FinTech 50:
The world's leading subscription management platform.
Minna Technologies are building a platform that can manage any kind of subscription, meaning that you can cancel you phone subscription or gym membership with a single click.
Minna raised $6.2M to expand subscription management for European Banks in May 2019.
Company
Minna
Key people
Founders: Joakim Sjöblom, Jonas Karles, Marcus Lönnberg
Founded
2014
Funding
Total funding: $6.2M; Latest funding: $6.2M, Series A, May 2019 - Zenith Group, Visa and Swedbank
HQ
Gothenburg, Sweden
SESector
Payments
Website
-
GBModulr
Payments
The FinTech 50:
Modulr is the Payments as a Service API platform for digital businesses. It integrates into any product or system.
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
Total funding: $43.15M; Latest funding: $12.5M, Grant - Capability % Innovation Fund, August 2019
HQ
London, UK
GBSector
Payments
Website
-
GBMonese
Digital Banking, Financial Inclusion
The FinTech 50:
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
Total Funding: $80.4M; Latest Funding: $2.5M, Venture round, June 2019 - Augmentum Fintech
HQ
London, UK
GBSector
Digital Banking, Financial Inclusion
Website
-
GBMonzo
Digital Banking
The FinTech 50:
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.
The company raised GBP 113 million of Series F venture funding in a deal led by Y Combinator on June 25, 2019. The funds will be used to start rolling out its products in the USA.
Company
Monzo
Key people
CEO: Tom Blomfield; Founders: Tom Blomfield, Gary Dolman, Paul Rippon, Jonas Huckestein, Jason Bates
Founded
2015
Funding
Total Funding: £324.7M; Latest Funding: £113M June 2019, Series F
HQ
London, UK
GBSector
Digital Banking
Website
-
GBMosaic Smart Data
Data Analytics
The FinTech 50:
Mosaic Smart Data delivers the insight and real-time intelligence that FICC market participants need to increase business opportunities and meet regulatory requirements.
Financial institutions are facing a challenging period in the FICC markets, largely as a result of the constraints from new regulatory initiatives, high fixed costs and a fragmented market structure.
Developer of a data analytics platform designed to harness and analyse trading activity and interactions data. The company's data analytics platform provides granular insight and analysis of client trading flows around core metrics which, include product, instrument and venue to effectively monitor trading behaviour, enabling financial institutions to harness their data intelligently to predict and service their client needs.
The company raised $9 million of Series A venture funding in a deal led by CommerzVentures and Octopus Ventures on April 16, 2019. JPMorgan Chase also participated in the round.
Company
Mosaic Smart Data
Key people
CEO & Founder: Matthew Hodgson
Founded
2014
Funding
Latest Funding: $9M Series B - April 2019: CommerzVentures, Octopus Ventures, JP Morgan Chase
HQ
London, UK
GBSector
Data Analytics
Website
-
DEN26
Banking
The FinTech 50:
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
Total Funding: $682.8M; Latest Funding: $170M Series D, Jul 2019
HQ
Berlin, Germany
DESector
Banking
Website
-
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
-
GBOakNorth
Lending / Debt Finance for fast-growth businesses
The FinTech 50:
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
GBSector
Lending / Debt Finance for fast-growth businesses
Website
-
GBOnfido
Compliance, Risk, Regulation
The FinTech 50:
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
GBSector
Compliance, Risk, Regulation
Website
-
GBPensionBee
Pensions
The FinTech 50:
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 (CEO), Jonathan Lister
Founded
2015
Funding
Latest Funding: Venture round, Dec 2017
HQ
London, UK
GBSector
Pensions
Website
-
DKPleo
Smart payment cards for employees
The FinTech 50:
Pleo offers an all-in-one business spending platform intended to simplify the business expense process.
The platform provides smart company cards paired with software and mobile apps to automatically match receipts and track all company spending in real-time with detailed analytics, it also eliminates expense reports and automates bookkeeping tasks as it integrates directly with accounting software providers, enabling companies to save time and money.
In May 2019 a deal led by Stripes Group raised $56 million of series B venture funding to be used to expand more than triple its headcount by the end of 2020 and to accelerate product development as it aims to service the entire purchase process for SMEs across the whole of Europe.
Company
Pleo
Key people
Founders: Jeppe Rindom, Niccolo Perra
Founded
2015
Funding
Total funding: $78.3M; Latest funding: $56M, Series B, May 2019
HQ
Copenhagen, Denmark
DKSector
Smart payment cards for employees
Website
-
GBPrevise 01 1024x660
Payments
The FinTech 50:
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
CEO & Founder: Paul Christensen
Founded
2016
Funding
Latest Investment: $1M grant Jan 2018 / Lead Investor: Hambro Perks / Scottish Enterprise
HQ
London, UK
GBSector
Payments
Website
-
GBRailsbank
Open-Banking, API platform
The FinTech 50:
Founded in 2015, RailsBank is a BaaS banking and compliance platform designed to connect a global network of partner banks with businesses who want API access to global banking.
The platform simplifies on-boarding services and offers access to services such as creating digital ledgers, connecting digital ledgers to real bank accounts, issuing IBANs for ledgers, receiving money, sending money, converting money (FX), collecting money (direct debit), issuing cards and managing credit via the API, enabling banks and business customers to transact business digitally and in a compliant way.
In September 2019 a deal led by Moneta Capital for $10 million of a Series A venture funding will be used to further expand beyond Europe, including the U.S., Australia and South East Asia.
Company
Railsbank
Key people
Founders: Nigel Verdon (CEO), Clive Mitchell (COO)
Founded
2016
Funding
Total Funding: $14.4M; Latest Funding: $10m - Series A, September 2019
HQ
London, UK
GBSector
Open-Banking, API platform
Website
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.
-
FRAlan
Digital Health Insurance
The FinTech 50:
Alan is a digital health insurance platform that revolutionizes health insurance by focusing on user experience with an excellent price-quality ratio health plan.
Alan started by creating a health insurance company for individuals and companies, that they can trust as a service and enjoy as an experience.
It is the first new independent insurance licensed in France since 1986 by the French Prudential Supervisory Authority (ACPR) and it has raised more than €86.5m with leading investors such as Index Ventures, DST Global, CNP Assurances, Partech, and Portag3 since its creation in 2016.
Company
Alan
Key people
Founders: Charles Gorintin, Jean-Charles Samuelian
Founded
2016
Funding
Total funding: $86.5M; Latest funding: €40M, Series B, Feb 2019 - Index Ventures
HQ
Paris, France
FRSector
Digital Health Insurance
Website
-
GBMonese
Digital Banking, Financial Inclusion
The FinTech 50:
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
Total Funding: $80.4M; Latest Funding: $2.5M, Venture round, June 2019 - Augmentum Fintech
HQ
London, UK
GBSector
Digital Banking, Financial Inclusion
Website
-
GBMonzo
Digital Banking
The FinTech 50:
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.
The company raised GBP 113 million of Series F venture funding in a deal led by Y Combinator on June 25, 2019. The funds will be used to start rolling out its products in the USA.
Company
Monzo
Key people
CEO: Tom Blomfield; Founders: Tom Blomfield, Gary Dolman, Paul Rippon, Jonas Huckestein, Jason Bates
Founded
2015
Funding
Total Funding: £324.7M; Latest Funding: £113M June 2019, Series F
HQ
London, UK
GBSector
Digital Banking
Website
-
DEN26
Banking
The FinTech 50:
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
Total Funding: $682.8M; Latest Funding: $170M Series D, Jul 2019
HQ
Berlin, Germany
DESector
Banking
Website
-
GBOakNorth
Lending / Debt Finance for fast-growth businesses
The FinTech 50:
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
GBSector
Lending / Debt Finance for fast-growth businesses
Website
-
GBOnfido
Compliance, Risk, Regulation
The FinTech 50:
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
GBSector
Compliance, Risk, Regulation
Website
-
DERaisin
Savings, Investment marketplace
The FinTech 50:
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
DESector
Savings, Investment marketplace
Website
-
GBRevolut
Digital Banking, peer to peer payments, currency exchange
The FinTech 50:
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
GBSector
Digital Banking, peer to peer payments, currency exchange
Website
-
DEsolarisBank
Open Banking, API Accessible banking platform
The FinTech 50:
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
DESector
Open Banking, API Accessible banking platform
Website
-
SETink
Open Banking
The FinTech 50:
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 VenturesHQ
Stockholm, Sweden
SESector
Open Banking
Website
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.
-
CHApiax logo oxford blue R
Regtech, Compliance, Machine Learning
The FinTech 50:
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
CHSector
Regtech, Compliance, Machine Learning
Website
-
DKARYZE
Cryptocurrencies, Blockchain, Payments, Digital Cash
The FinTech 50:
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
DKSector
Cryptocurrencies, Blockchain, Payments, Digital Cash
Website
-
GBBankifi
Open banking, payments
The FinTech 50:
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
GBSector
Open banking, payments
Website
-
GBFoundry Logo Square png
Digital modular banking
The FinTech 50:
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
GBSector
Digital modular banking
-
GBGardenia Technologies
Supply Chain Finance
The FinTech 50:
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
GBSector
Supply Chain Finance
Website
-
GBGlobechain primary logo transparent
Circular economy, ESG data
The FinTech 50:
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
GBSector
Circular economy, ESG data
Website
-
DENeufund logo
Blockchain, Tokenized equity, Open-source protocols, Security tokens
The FinTech 50:
Neufund’s mission is “enabling ownership for all” through making ownership more transparent, accessible and efficient. The Berlin start-up’s source set of protocols for enhanced ownership allows anyone to give real-world assets a representation on the Ethereum Blockchain in form of legally-binding security tokens.
The first application of the company’s tech and legal architecture are “Equity Tokens” which enable companies to conduct regulated offerings on Blockchain. Neufund advises governments on DLT regulation, supports open-source dev projects and educates financial communities around the world. Neufund’s mission is “Enabling ownership for all” through making ownership more transparent, accessible and efficient.
In December 2018 Neufund closed its first Equity Token Offering, becoming the world’s first issuance platform to host an offering of tokenized equity on Blockchain available to general public.
Company
Neufund logo
Key people
Founders: Zoe Adamovicz, Marcin Rudolf
Founded
2016
Funding
Total funding: €15M; Last funding: €3M ICO - Dec 2018
HQ
Berlin, Germany
DESector
Blockchain, Tokenized equity, Open-source protocols, Security tokens
Website
-
ILOKO logo final 2500
Agritech, Insurance, Farmers, Emerging Markets, Weather, Micro Credit
The FinTech 50:
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
ILSector
Agritech, Insurance, Farmers, Emerging Markets, Weather, Micro Credit
Website
-
GBSwoop
Funding
The FinTech 50:
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
GBSector
Funding
Website
-
GBTully logo
Financial wellbeing, Financial education, consumer debt
The FinTech 50:
Tully launched in April 2019 to help the UK’s consumer debt problem: specifically the 23 million people in who are worried about money. Tully uses Open Banking technology to give people a fast, accurate, realistic picture of their financial position in minutes – all done online and completely free.
Every user receives a personalised financial plan, tailored advice and the option to choose a flexible debt repayment plan that adjusts to the user’s financial situation every month.
Following a successful trial with E.ON Tully is rolling out across the business and is in the process of onboarding with HSBC, Monzo and Clearscore (amongst others). Earlier this year, Tully was selected by Nationwide as part of their Open Banking for Good programme.
Company
Tully logo
Key people
Founders: Stuart Bangay, Steve Bradford
Founded
2018
Funding
Last funding: Jan 2019 - Seed
HQ
Nottingham, UK
GBSector
Financial wellbeing, Financial education, consumer debt
Website