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:

  • 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

  • Salary finance

    GB

    Salary finance

    Employee finance

    The FinTech 50:

    Salary finance

    Salary Finance is on a mission to help millions of people across the globe live happier, healthier financial lives.

    The company's platform partners with employers to offer financial wellness solutions, financial education and salary-linked savings and loans, helping employees to improve their lives by improving their finances. By helping employees manage debt, build a savings habit and access earned pay, they have created a more accessible alternative to traditional financial services providers.

    In April 2019 Salary Finance completed a $32.8M series C funding, led by existing investors Blenheim Chalcot and Legal and General.

    Company

    Salary finance

    Key people

    Founders: Asesh Sarkar, Dan Cobley, Daniel Shakhani

    Founded

    2015

    Funding

    Total funding: $111.8M; Latest funding: $32.8M, Series C April 2019 - Legal & General, Blenheim Chalcot

    HQ

    London, UK
    GB

    Sector

    Employee finance

  • Simudyne

    GB

    Simudyne

    Enterprise simulation, AI, agent-based modeling

    The FinTech 50:

    Simudyne

    Simudyne helps financial organisations to understand their world and make the best possible decisions.

    The company's simulation platform intends to map the real world into a safe and virtual environment to facilitate decision making. It utilizes big data, human intelligence and artificial intelligence to generate machine learning driven simulation results, enabling financial institutions to visualize and predict market instabilities and make high impact decisions to mitigate risks and reduce loss.

    Simudyne has achieved a 600% year on year increase in revenue in 2018 following the addition of new global banking clients and intends to build on that growth to become a multi-billion-dollar market within the next 5 years.

    Company

    Simudyne

    Key people

    Founder: Justin Lyon

    Founded

    2017

    Funding

    Total funding: $10.1M; Latest funding: $6M, Series A April 2019 - Barclays Ventures

    HQ

    London, UK
    GB

    Sector

    Enterprise simulation, AI, agent-based modeling

    Website

    imudyne.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

  • Sonect

    CH

    Sonect

    Payments

    The FinTech 50:

    Sonect

    Sonect is a location based matchmaking platform connecting those who want to withdraw cash, with those who want to deposit it - typically a local shop owner. It builds a community around local businesses and helps them generate physical leads.

    SONECT enables every shop in the neighborhood to act as a “virtual ATM” using just a smartphone or its POS-system. It democratizes the process of cash distribution in order to reduce the “cost of cash”.

    The company closed it's oversubscribed series A round in 2018, with CHF8.45 million from existing investors.

    Since 2018, Sonect has established the largest network of cash withdrawal points in Switzerland and Portugal. They have also established a partnership with Arca Continental, one of the largest beverage manufacturing and distribution companies in Latin America, giving Sonect access to over 300,000 points of sale in Mexico alone.

    Company

    Sonect

    Key people

    Founders: Arindam Bajpayee, Rik Krieger, Sandipan Chakraborty

    Founded

    2016

    Funding

    Latest funding: CHF 8.5M Series A, Nov 2018 - SixThirty

    HQ

    Zürich, Switzerland
    CH

    Sector

    Payments

    Website

    onect.ne

  • Starling

    GB

    Starling

    Digital bank, business bank

    The FinTech 50:

    Starling

    Starling Bank provides a mobile banking application and a debit card that enable users to manage their finances.

    The company's platform offers commercial banking services that can be managed with a mobile device, including real-time spending intelligence, personalization of services and same-day payment service that transformed electronic money, enabling depositors to transact in a paperless and branchless manner.

    In Oct 2019, the company raised £30 million of venture funding in a deal led by Merian Chrysalis. Existing investor JTC also participated in the round.

    The funding will enable Starling to accelerate its expansion into Europe and build on its rapid success: since launching its app in May 2017, Starling has opened one million accounts.

    Company

    Starling

    Key people

    CEO & Founder: Anne Boden

    Founded

    2014

    Funding

    Total Funding: $280m; Latest Funding: $39M Series C - Merian Chrysalis & JTC

    HQ

    London, UK
    GB

    Sector

    Digital bank, business bank

    Website

    arlingbank.com

  • Tessian

    GB

    Tessian

    AI, Cyber Security, Email, Machine Learning

    The FinTech 50:

    Tessian

    Tessian provides a next-generation email security platform designed to detect and prevent inadvertent data loss.

    Their technology system uses machine learning to eliminate the huge security vulnerabilities surrounding enterprise email including spear phishing and misdirected emails. By analysing historical email data in order to understand the context of human relationships and communication and by knowing what normal email activity looks like, it can automatically detect any anomalies that may imply a security threat.

    Tessian serves a global customer base across the legal, financial, technology and healthcare sectors. Clients include international law firms Clifford Chance and Dentons, financial institutions Schroders and Investec and FTSE 100 company Rightmove.

    In Jan 2019, they raised $42M in a series B funding, led by Sequoia, with participation from Latitude and existing investors Balderton Capital and Accel.

    Company

    Tessian

    Key people

    Founders: Edward Bishop, Thomas Adams, Tim Sadler

    Founded

    2013

    Funding

    Total funding: $58.7M; Latest funding: Venture round, Jan 2019

    HQ

    London, UK
    GB

    Sector

    AI, Cyber Security, Email, Machine Learning

    Website

    essian.com

  • Thought Machine

    GB

    Thought Machine

    Core Banking, Retail Banking System

    The FinTech 50:

    Thought Machine

    Thought Machine is a UK-based growth stage technology company which builds cloud native technology for banks.

    The company's cloud-based technology platform provides Vault OS that runs in the cloud providing a secure, fast, reliable end to end banking systems, capable of managing users, accounts, savings, loans, mortgages, sophisticated financial products and can configure any type of loan or deposit account, thereby providing banking institutions with a software as a service platform to scale from one customer to tens of millions without having to incur any hard costs.

    Thought Machine became a Google Cloud Partner in November 2019.

    Company

    Thought Machine

    Key people

    Founder/CEO: Paul Taylor

    Founded

    2014

    Funding

    Total funding: $22.3M; Latest funding: $22.8M Series A, Nov 2018 - Lloyd Banking Group

    HQ

    London, UK
    GB

    Sector

    Core Banking, Retail Banking System

    Website

    oughtmachine.ne

  • 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

  • Tokeny

    LU

    Tokeny

    Asset Management, Tokenization, ICO, Capital Markets

    The FinTech 50:

    Tokeny

    Tokeny have developed an end-to-end tokenization platform to issue, manage and transfer securities on the blockchain.

    Their platform enables mid-cap companies, investment banks, funds, asset managers and distributors to dematerialize assets on the blockchain, allowing for the issuance, transfer and servicing management of tradable digital assets/security tokens, such as tokenized loans, structured notes, equity and funds.

    Tokeny was founded in 2017 and has issued multiple tokenized offerings across five continents with further security offerings imminent.

    Company

    Tokeny

    Key people

    Founders: Luc Falempin, Daniel Coheur

    Founded

    2017

    Funding

    Total funding: €5M; Latest funding: €5M, Series A, July 2019 - Euronext

    HQ

    Luxembourg
    LU

    Sector

    Asset Management, Tokenization, ICO, Capital Markets

    Website

    okeny.com

  • Tractable

    GB

    Tractable

    Insurtech, AI, Machine Learning

    The FinTech 50:

    Tractable

    Tractable develops artificial intelligence for accident and disaster recovery.

    The company's deep learning automation platform automates visual damage appraisal by looking at photos of damage and predicting repair costs. Tractable provides its AI to the largest insurers worldwide, helping to settle claims quickly and efficiently, which in turn impacts livelihoods.

    Tractable's AI solutions have processed over $1 billion in auto insurance claims, across Europe, North America and Asia.

    Company

    Tractable

    Key people

    Founders: Adrien Cohen, Alexandre Dalyac, Razvan Ranca

    Founded

    2014

    Funding

    Total funding: $43.65M; Latest funding: $25M - Series B, July 2018 - Insight Partners

    HQ

    London, UK
    GB

    Sector

    Insurtech, AI, Machine Learning

    Website

    ractable.ai

  • TrueLayer

    GB

    TrueLayer

    Open Banking / Faster payments / PSD2

    The FinTech 50:

    TrueLayer

    TrueLayer provides a platform to build financial apps that connect to bank data, verify accounts, and access transactions in real time.

    The company's platform helps companies to securely and efficiently access their customers' bank accounts to share financial data, make payments and validate their identity, enabling companies to initiate payments directly from user's bank account and offer frictionless payments without interrupting the user experience.

    TrueLayer had raised $35M Series C in June 2019, led by Tencent and Tamasek, with participation from Northzone, Anthemis and Visa.

    In October 2019, the company announced a strategic and commercial relationship with Visa.

    Company

    TrueLayer

    Key people

    Founders: Francesco Simoneschi (CEO), Luca Martinetti

    Founded

    2016

    Funding

    Total Funding: $46.8M; Latest Funding: $35M SeriesC - June 2019

    HQ

    London, UK
    GB

    Sector

    Open Banking / Faster payments / PSD2

    Website

    ruelayer.com

  • Zego

    GB

    Zego

    Insurance

    The FinTech 50:

    Zego

    Zego is a global insurtech business providing flexible commercial insurance for businesses and professionals.

    The company's platform provides pay-as-you-go insurance for drivers and riders who work flexibly with their own vehicles, providing mobility service providers with a range of policies from minute-by-minute insurance to annual covers, thereby providing more flexibility than traditional insurers, with pricing based on usage data from vehicles.

    In June 2019 Zego raised $42M (total funding of $51M since 2016) to continue expansion across Europe.

    Company

    Zego

    Key people

    Founders: Harry Franks (CEO), Sten Saar, Stuart Kelly

    Founded

    2016

    Funding

    Total Funding: $51.7M; Latest Funding: $42M Series B June 2019 - Balderton Capital, Tom Stafford (DST Global) and Latitude

    HQ

    London, UK
    GB

    Sector

    Insurance

    Website

    zego.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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