The FinTech50  |  The Fintechs

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

The FinTech 50

The FinTech 50 2020:

  • Quonto

    FR

    Quonto

    Banking

    The FinTech 50:

    Quonto

    Provider of banking service intended to help businesses and freelancers run their finances efficiently. The company's service offers digital bank accounts for sending and receiving payments that adapts to all types of companies, for any legal form or team size, enabling clients to easily transfer funds through a mobile application with the help of a physical or virtual card and manage transfers without any paperwork.


    Company

    Quonto

    Key people

    Founders: Alexandre Prot and Steve Anavi

    Founded

    2017

    Funding

    Most Recent Financing Status(as of 02-Jun-2021)
    The company raised EUR 104 million of Series C venture funding in a combination of equity and debt in a deal co-led by Tencent Holdings, DST Global and Hedosophia on January 17, 2020, putting the company's pre-money valuation at EUR 726.70 million.

    Four other investors also participated in the round. An EUR 19.31 million of debt financing provided by undisclosed lenders.

    Previously, the company raised EUR 20.00 million of Series B venture funding in a deal co-led by Valar Ventures and Alven Capital Partners on October 22, 2019, putting the company's pre-money valuation at EUR 116.56 million. Hedosophia, Taavet Hinrikus and European Investment Bank also participated in the round.

    

    HQ

    Paris, France
    FR

    Sector

    Banking

    Website

    qonto.eu

  • Railsbank

    GB

    Railsbank

    BaaS, 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

    Most Recent Financing Status (as of 21-Jun-2021)
    The company raised $37 million of venture funding in a deal co-led by MiddleGame Ventures, 31Ventures and Ventura Capital on November 12, 2020. Mitsui Fudosan, alongside 5 other investors also participated in the round. The funding will be used to continue to expand the company's global footprint, further strengthen its core product proposition, and launch Credit Cards as a Service.

    HQ

    London, UK
    GB

    Sector

    BaaS, Open-Banking, API platform

    Website

    railsbank.com

  • Rapyd

    GB

    Rapyd

    Payments

    The FinTech 50:

    Rapyd

    Developer of a digital fintech-as-a-service platform designed to order cash, exchange extra foreign currency and send cash to friends. The company's platform provides services like payments, checkout, funds collection, fund disbursements, compliance as a service, foreign exchange, card issuing and logistics across a wide range of geographies, enabling users to make easy cash transactions, without requiring a bank account or card, anywhere in the world.


    Company

    Rapyd

    Key people

    Founders: Arik Shtilman, Omer Priel and Arkady Karpman

    Founded

    2015

    Funding

    Most Recent Financing Status(as of 02-Jun-2021)
    The company raised $300 million of Series D venture funding in a deal led by Coatue Management on January 13, 2021, putting the company's pre-money valuation at $2 billion. Durable Capital Partners, Tal Capital (USA), Spark Capital, Avid Ventures, FJ Labs, Latitude Investments, LVL1 Group, General Catalyst, Entrée Capital, Oak HC/FT, Vis Capital and Tiger Global Management, Annox Capital also participated in the round. The funding will be used to to double the engineering and product teams, as well as expand the "Self-Service" element of Rapyd's platform, empowering businesses globally to onboard and begin utilizing any of Rapyd's financial capabilities in the shortest possible time frame.

    

    HQ

    London, UK
    GB

    Sector

    Payments

    Website

    rapyd.ne

  • Roger AI

    DK

    Roger AI

    Payments, Invoicing, Ai

    The FinTech 50:

    Roger AI

    Roger.ai is a bill pay and accounts payable automation for SMBs and accountants.

    Claiming to cut the time businesses spend on day-to-day financial processes by as much as 80%, Roger works on top of existing accounting software to automate financial processes, such as paying bills, approvals, receipt scanning, compliance and bookkeeping. This is achieved via “simple workflows” that the Denmark and U.S.-based company says anyone can set up and manage.

    Customers range from small to mid-sized businesses across virtually any industry to bookkeeping and major accounting firms.

    Acquired by FleetCor Technologies

    Company

    Roger AI

    Key people

    Founders: Christian Rasmussen and Cathrine W. Andersen

    Founded

    2017

    Funding

    Leading the round is QED Investors, with participation from 9Yards, Silicon Valley Bank, Financial Venture Studio and BootstrapLabs (a venture capital firm specializing in artificial intelligence).

    A number of individual investors, including Dan Wernikoff, the former GM of QuickBooks and TurboTax, have also backed the Series A.

    HQ

    Copenhagen, Denmark
    DK

    Sector

    Payments, Invoicing, Ai

  • Salary finance

    GB

    Salary finance

    Employee finance

    The FinTech 50:

    Salary finance

    The company's platform offers salary-linked savings, and affordable loans - all underpinned by accessible and engaging financial education to improve financial wellbeing, enabling employees around the world become financially healthier and happier.

    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.

    Company

    Salary finance

    Key people

    Founders: Asesh Sarkar, Dan Cobley, Daniel Shakhani

    Founded

    2015

    Funding

    Most Recent Financing Status(as of 03-Mar-2021)
    The company raised GBP 20 million of venture funding from Experian and Legal & General Group on December 16, 2020. The new funding will support the continued growth of the UK and US platforms, with the UK platform set to hit profitability next year. It will also fund new products the team is working on.

    HQ

    London, UK
    GB

    Sector

    Employee finance

  • Sharegain Fin Tech50

    GB

    Sharegain Fin Tech50

    Lending

    The FinTech 50:

    Sharegain Fin Tech50

    Provider of a securities lending technology designed to democratize securities lending and enhance revenue opportunity.

    The company's securities lending platform provides a view of the market and accesses the potential benefits of securities lending via automated services along with upscaling liquidity and investor control, enabling asset managers, private banks and online brokers to lend their stocks, bonds and ETFs with control, transparency and minimal overheads or up-front costs.


    Company

    Sharegain Fin Tech50

    Key people

    Founders: Boaz Yaari and Liad Amit

    Founded

    2015

    Funding

    Most Recent Financing Status(as of 07-Jun-2021)
    The company raised venture funding from SixThirty Ventures, Outrun Ventures and Chris Adelsbach on an undisclosed date.

    

    HQ

    London, UK
    GB

    Sector

    Lending

    Website

    aregain.com

  • Snoop

    GB

    Snoop

    Money Tracking App, AI, Analytics

    The FinTech 50:

    Snoop

    Developer of a digital financial platform intended to monitor and optimize spending. The company's platform uses open banking and machine learning techniques to provide clients with personal banking, insurance, energy, mortgage, or media services for tracking their bills and spending patterns while also offering money-saving tips, enabling consumers to utilize their personal data to generate savings from utilities and other service providers.

    Co founded by Jayne-Anne Gadhia who serves as Executive Chairman at Snoop. Ms. Gadhia also served as Senior Advisor at Clydesdale Bank. She previously served as Chief Executive Officer and Executive Director at Virgin Money.

    Company

    Snoop

    Key people

    David Dyer and Jayne-Anne Gadhia

    Founded

    2019

    Funding

    Most Recent Financing Status(as of 07-Dec-2020)
    The company is rumored to be in talks with MoneySupermarket.com Group (LON: MONY) regarding a potential acquisition for an undisclosed amount as of December 6, 2020.

    The company is also in talks to raise GBP 10.01 million of an undisclosed targeted amount of equity crowdfunding in the form of a convertible debt financing via Seedrs as of November 4, 2020.

    Previously, the company raised GBP 3.22 million of Series A venture funding in a deal led by Lloyd Dorfman on September 23, 2020, putting the company's pre-money valuation at GBP 8.79 million. Salesforce Ventures also participated in the round.

    HQ

    London, UK
    GB

    Sector

    Money Tracking App, AI, Analytics

    Website

    noop.com

  • Starling Bank

    GB

    Starling Bank

    Banking

    The FinTech 50:

    Starling Bank

    Operator of a digital-only banking platform intended to offer online banking services.

    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, enabling users to transact in a paperless and branchless manner.


    Company

    Starling Bank

    Key people

    Founders: Anne Boden and Jason Bates

    Founded

    2014

    Funding

    Most Recent Financing Status (as of 29 June 2021)
    The company raised GBP 322 million of Series D venture funding in a deal led by Fidelity Management & Research on April 19, 2021, putting the company's pre-money valuation at GBP 778 million.

    Goldman Sachs Growth Equity, Railway Pension Investments, Millennium Management, and Qatar Investment Authority also participated in the round.

    Previously, the company raised GBP 100 million of venture funding in a deal led by Chrysalis Investments and Harald McPike on May 28, 2020. JTC also participated in the round.

    

    HQ

    London, UK
    GB

    Sector

    Banking

    Website

    arlingbank.com

  • Tessian

    GB

    Tessian

    Security

    The FinTech 50:

    Tessian

    Provider of a next-generation email security platform intended to detect and prevent inadvertent data loss. The company's platform uses machine intelligence to prevent sensitive emails from being sent to the wrong people with minimal end-user disruption, enabling clients to protect their email networks against data security threats such as misaddressed emails, data loss and non-compliance.


    Company

    Tessian

    Key people

    Founders: Timothy Sadler and Thomas Adams

    Founded

    2013

    Funding

    Most Recent Financing Status(as of 27-May-2021)
    The company raised GBP 47.30 million of Series C venture funding in a deal led by March Capital on May 21, 2021, putting the company's pre-money valuation at GBP 211.23 million.

    Accel, Balderton Capital, Sequoia Capital, Latitude Ventures (London) and Schroder Adveq Management also participated in the round.

    The capital raised will be used to investing heavily in R&D to expand the company to secure other interfaces and communication channels beyond email, as well as bringing Human Layer Risk Scores to enterprises around the world, helping them quantify the security strengths and weaknesses of every single employee in their organization.

    HQ

    London, UK
    GB

    Sector

    Security

    Website

    essian.com

  • Tokeny

    LU

    Tokeny

    Blockchain, Trading, Digital Assets

    The FinTech 50:

    Tokeny

    Operator of a FinTech company intended to allow companies operating in private markets to benefit from using blockchain technology.

    The company offers an institutional-grade and modular end-to-end platform for the issuance, transfer and management of tradable digital assets/security tokens, such as tokenized loans, structured notes, equity and funds, enabling clients to increase efficiency in their operations, enforce global compliance obligations, enable automation and ultimately gain a competitive advantage.


    Company

    Tokeny

    Key people

    Founder: Luc Falempin

    Founded

    2019

    Funding

    Most Recent Financing Status(as of 22-May-2020)
    A 23.5% stake in the company was acquired by Euronext for EUR 5 million on June 28, 2019, putting the company's pre-money valuation at EUR 21.27 million. Previously, the company received EUR 50,000 of grant funding (Fintech of the year) from KPMG on June 20, 2019.

    

    HQ

    Luxembourg
    LU

    Sector

    Blockchain, Trading, Digital Assets

    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

    Most Recent Financing Status (as of 29-Jun-2021)
    The company raised $60 million of Series D venture funding in a deal co-led by Insight Partners, Ignition Partners, Zetta Venture Partners and Georgian on June 16, 2021, putting the company's pre-money valuation at $940 million.

    Other undisclosed investors also participated in the round. The funds will be used to expand deeper into areas adjacent to that: natural disaster recovery and used car appraisals.

    The investment comes after the $25 million Series C funding it raised back in 2020. This funding round takes the total funding raised by the company to $115 million (nearly £82 million) and values it over $1 billion, thereby making it the first computer vision unicorn in the UK.

    Tractable will use the funds to double down on accident recovery, its core business. Also, it will fund new AI solutions for assessing the condition of a car, allowing users to understand vehicle damage down to individual parts, thereby enabling transparent sale and purchase decisions. It will also be used to fund the application of Tractable’s technology to assess homes.

    HQ

    London, UK
    GB

    Sector

    Insurtech, AI, Machine Learning

    Website

    ractable.ai

  • Tradeix Fin Tech50

    IE

    Tradeix Fin Tech50

    Blockchain

    The FinTech 50:

    Tradeix Fin Tech50

    Developer of a distributed ledger technology-powered platform built for trade finance. The company offers connected and secure platform infrastructure for corporates, banks, asset managers, B2B networks and value-added service providers, enabling clients to manage credit, settlement, custodian and counterparty risks and transactions in an efficient manner.


    Company

    Tradeix Fin Tech50

    Key people

    Founders: Robert Barnes, Geoff Ryan and Marcus Wade

    Founded

    2016

    Funding

    Most Recent Financing Status(as of 20-Jan-2021)
    The company raised an undisclosed amount of venture funding from Accenture, LBBW Venture Capital and SAP.iO on December 17, 2019. SBI Investment also participated in the round.

    

    HQ

    Dublin, Ireland
    IE

    Sector

    Blockchain

    Website

    radeix.com

  • TrueLayer

    GB

    TrueLayer

    BaaS, 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.


    Company

    TrueLayer

    Key people

    Founders: Francesco Simoneschi and Luca Martinetti

    Founded

    2016

    Funding

    Most Recent Financing Status (as of 08-Apr-2021)
    The company raised $70 million of Series D venture funding in a deal led by Addition on April 8, 2021. 10 other investors also participated in the round.

    The funds will be used to fuel global expansion and accelerate the development of premium open banking-based services.

    Previously, the company raised $60 million of Series C venture funding in a deal led by Tencent Holdings and Temasek Holdings on September 21, 2020. 7 other investors also participated in the round. The funds will be used to grow the company's business.

    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.

    HQ

    London, UK
    GB

    Sector

    BaaS, Open Banking / Faster payments / PSD2

    Website

    ruelayer.com

  • Yulife

    GB

    Yulife

    LifeTech. InsurTech

    The FinTech 50:

    Yulife

    Operator of an insurance and well-being platform intended to offer insurance plans that inspire life and reward living. The company's platform offers life and medical insurance plans as well as encourages to complete health activities such as walking and meditation by rewarding them with Avios air miles, vouchers and gift cards for the financial, emotional and physical support, enabling businesses to keep their employees insured and individuals to earn rewards while following a healthy lifestyle.


    Company

    Yulife

    Key people

    Founders: Samuel Rubin, Samuel Fromson, Josh Hart and Jaco Oosthuizen

    Founded

    2016

    Funding

    Most Recent Financing Status(as of 12-Mar-2021)
    The company raised GBP 9.90 million of Series A venture funding in a deal led by Creandum on April 29, 2019, putting the company's pre-money valuation at GBP 17.18 million.

    OurCrowd, MMC Ventures, Anthemis, Notion and RGAx also participated in the round.

    The company plans to use the funds to further develop its product and reach more businesses.

    

    HQ

    London, UK
    GB

    Sector

    LifeTech. InsurTech

    Website

    yulife.com

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