The FinTech50  |  The Fintechs

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

The FinTech 50

The FinTech 50 2019:

  • Fluidly

    GB

    Fluidly

    Data Analytics

    The FinTech 50:

    Fluidly

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

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

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

    Company

    Fluidly

    Key people

    Founders: Caroline Plumb (CEO)

    Founded

    2016

    Funding

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

    HQ

    London, UK
    GB

    Sector

    Data Analytics

    Website

    fluidly.com

  • Form3

    GB

    Form3

    Payments

    The FinTech 50:

    Form3

    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
    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

    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
    GB

    Sector

    Online Mortgages

    Website

    abito.com

  • Hqla

    LU

    Hqla

    Payments

    The FinTech 50:

    Hqla

    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
    LU

    Sector

    Payments

    Website

    qla-x.com

  • IDnow

    DE

    IDnow

    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.

    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
    DE

    Sector

    Identity Management

    Website

    idnow.eu

  • Minna

    SE

    Minna

    Payments

    The FinTech 50:

    Minna

    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
    SE

    Sector

    Payments

  • Modulr

    GB

    Modulr

    Payments

    The FinTech 50:

    Modulr

    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
    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

    Total Funding: $80.4M; Latest Funding: $2.5M, Venture round, June 2019 - Augmentum Fintech

    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.

    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
    GB

    Sector

    Digital Banking

    Website

    monzo.com

  • Mosaic Smart Data

    GB

    Mosaic Smart Data

    Data Analytics

    The FinTech 50:

    Mosaic Smart Data

    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
    GB

    Sector

    Data Analytics

  • 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

    Total Funding: $682.8M; Latest Funding: $170M Series D, Jul 2019

    HQ

    Berlin, Germany
    DE

    Sector

    Banking

    Website

    n26.com/en-gb

  • Nivaura

    GB

    Nivaura

    Blockchain, compliance

    The FinTech 50:

    Nivaura

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

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

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

    Company

    Nivaura

    Key people

    CEO: Avtar Sehra; Founder: Dr Avtar Sehra

    Founded

    2016

    Funding

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

    HQ

    London, UK
    GB

    Sector

    Blockchain, compliance

    Website

    nivaura.com

  • 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

  • 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 (CEO), Jonathan Lister

    Founded

    2015

    Funding

    Latest Funding: Venture round, Dec 2017

    HQ

    London, UK
    GB

    Sector

    Pensions

    Website

    ensionbee.com

  • Pleo

    DK

    Pleo

    Smart payment cards for employees

    The FinTech 50:

    Pleo

    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
    DK

    Sector

    Smart payment cards for employees

    Website

    leo.io

  • Previse 01 1024x660

    GB

    Previse 01 1024x660

    Payments

    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

    CEO & Founder: Paul Christensen

    Founded

    2016

    Funding

    Latest Investment: $1M grant Jan 2018 / Lead Investor: Hambro Perks / Scottish Enterprise

    HQ

    London, UK
    GB

    Sector

    Payments

    Website

    revi.se

  • Railsbank

    GB

    Railsbank

    Open-Banking, API platform

    The FinTech 50:

    Railsbank

    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
    GB

    Sector

    Open-Banking, API platform

    Website

    railsbank.com

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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 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
    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

    Total Funding: $80.4M; Latest Funding: $2.5M, Venture round, June 2019 - Augmentum Fintech

    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.

    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
    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

    Total Funding: $682.8M; Latest Funding: $170M Series D, Jul 2019

    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

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