The FinTech50

Co-founded by ICON's Nicky Cotter, The FinTech50 is an annual guide to some of the game-changing technologies across Europe and beyond who are redefining the future of finance

The FinTech50 Panel & Partners FT50 News About

The FinTech50 2020:

  • Clark

    DE

    Clark

    Insurance

    The FinTech50:

    Clark

    Insurance-robo-advisor Clark closed the largest Series B financing of any European InsurTech to date in April, led by FinTech investor Portag3 Ventures and transatlantic fund White Star Capital.

    Clark enables end customers to manage their insurance portfolios digitally and transparently via their smartphone or computer. Utilizing its innovative robo-technology, customers receive an assessment of their contracts as well as personalized insurance optimizations. Leading digital banks, like N26 and DKB, have also realized the potential of this InsurTech. Over 10 million bank customers in Germany now have access to the digital insurance services of Clark via partnerships. Since its founding in July 2015, Clark has become one of the largest digital insurance players in Europe.

    Company

    Clark

    Key people

    CEO: Dr Christopher Oster; Founders: Dr Christopher Oster, Dr Marco Addelt, Steffen Glomb

    Founded

    2015

    Funding

    Total Funding: £94.07M as of June 2021
    Latest Funding: Most Recent Financing Status (as of 25-Mar-2021)
    TA Ventures sold a stake in the company to an undisclosed buyer. Previously, The company raised EUR 69 million of Series C venture funding in a deal led by Tencent Holdings on December 25, 2020. Yabeo Capital, Portag3 Ventures and White Star Capital also participated in the round. The funds will be used to continue growing the company's product and services into 2021.

    HQ

    Berlin, Germany
    DE

    Sector

    Insurance

    Website

    clark.de/de

  • Tessian

    GB

    Tessian

    Security

    The FinTech50:

    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

  • Privitar

    GB

    Privitar

    Privacy Software

    The FinTech50:

    Privitar

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

    Company

    Privitar

    Key people

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

    Founded

    2014

    Funding

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

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

    HQ

    London, UK
    GB

    Sector

    Privacy Software

    Website

    rivitar.com

  • Moonfare

    DE

    Moonfare

    WealthTech

    The FinTech50:

    Moonfare

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

    Company

    Moonfare

    Key people

    Founder and CEO: Steffen Pauls

    Founded

    2019

    Funding

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

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

    HQ

    Berlin, Germany
    DE

    Sector

    WealthTech

    Website

    moonfare.com

  • Liberis

    GB

    Liberis

    Lending

    The FinTech50:

    Liberis

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

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

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

    Company

    Liberis

    Key people

    Molly Levy

    Founded

    2007

    Funding

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

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

    HQ

    London, UK
    GB

    Sector

    Lending

    Website

    liberis.co.uk

  • Starling Bank

    GB

    Starling Bank

    Banking

    The FinTech50:

    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

  • Alan

    FR

    Alan

    Digital Health Insurance

    The FinTech50:

    Alan

    Alan is a provider of an online digital insurance service intended to unlock frictionless, fair, and friendly healthcare for everyone. The company's service offers simple and seamless insurance coverage with reimbursements, easy claim handling, and gives users access to medical professionals, both through in-person appointments and by video calls, enabling users to easily and conveniently get medical advice and manage their claims and reimbursements.

    Company

    Alan

    Key people

    Founders: Charles Gorintin, Jean-Charles Samuelian

    Founded

    2016

    Funding

    Total funding £268.2m Post Money valuation £1.2Bn April 2021
    Most Recent Financing Status (as of 22-Apr-2021)
    The company raised EUR 185 million of Series D venture funding in a deal led by Coatue Management on April 19, 2021. Dragoneer Investment Group, Exor, Ribbit Capital, Index Ventures, and Temasek Holdings also participated in the round. The funds will be used to fuel the recruitment efforts of an additional 400 staff and reach 1 million members in Europe by 2023. Also, Undisclosed investors sold a stake in the company for EUR 35 million on April 19, 2021. Previously, the company raised EUR 50 million through the combination of debt and Series C venture funding in a deal led by Temasek Holdings on April 20, 2020.

    Index Ventures and other undisclosed investors also participated in the round. The funds will be used to push its growth via 4 main avenues: offering better health insurance coverage to its members; digitizing healthcare for companies; becoming the leading app for instant health info; and, expanding internationally (following the opening of two new offices in Spain and Belgium this summer, Alan aims to expand in most European countries over the next 5 years).

    HQ

    Paris, France
    FR

    Sector

    Digital Health Insurance

    Website

    alan.com

  • HQLA

    LU

    HQLA

    Blockchain Capital Markets

    The FinTech50:

    HQLA

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

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

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

    Company

    HQLA

    Founded

    2016

    Funding

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

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

    HQ

    Luxembourg
    LU

    Sector

    Blockchain Capital Markets

    Website

    qla-x.com

  • Datamaran

    GB

    Datamaran

    ESG Risk

    The FinTech50:

    Datamaran

    Developer of non-financial risk management platform designed for tracking the environmental, social and governance (ESG) issues critical for business. The company's platform uses proprietary artificial intelligence technology which scans and sifts data for non-financial issues, from climate risk to diversity, from geopolitics to innovation and technology, to fully automate previously manual processes for benchmarking, materiality analysis and risk identification, enabling organizations to save time, money and deliver better insights.


    Company

    Datamaran

    Key people

    Founders: Jean-Philippe Lecourt, Jerome Basdevant, Marjella Alma

    Founded

    2014

    Funding

    Most Recent Financing Status(as of 29-Jan-2021)
    The company raised GBP 2.85 million of venture funding from undisclosed investors on January 7, 2020, putting the company's pre-money valuation at GBP 11.37 million.

    HQ

    London, UK
    GB

    Sector

    ESG Risk

    Website

    datamaran.com

  • Fluidly

    GB

    Fluidly

    Data Analytics

    The FinTech50:

    Fluidly

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

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

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

    Company

    Fluidly

    Key people

    Founders: Caroline Plumb (CEO)

    Founded

    2017

    Funding

    Most Recent Financing Status (as of 10-Feb-2021)
    The company received GBP 5 million of grant funding from NatWest Group on June 14, 2019.

    HQ

    London, UK
    GB

    Sector

    Data Analytics

    Website

    fluidly.com

  • Tradeix Fin Tech50

    IE

    Tradeix Fin Tech50

    Blockchain

    The FinTech50:

    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

  • Quonto

    FR

    Quonto

    Banking

    The FinTech50:

    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

  • Pleo

    DK

    Pleo

    Expense Management

    The FinTech50:

    Pleo

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

    Company

    Pleo

    Key people

    Founders: Jeppe Rindom, Niccolo Perra

    Founded

    2015

    Funding

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

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

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

    HQ

    Copenhagen, Denmark
    DK

    Sector

    Expense Management

    Website

    leo.io

  • Metaco

    CH

    Metaco

    Blockchain, DeFi, Trade, Issue and manage Digital Assets

    The FinTech50:

    Metaco

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

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

    Company

    Metaco

    Key people

    Founders: Adrien Treccani and Nicolas Dorier

    Founded

    2015

    Funding

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

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

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

    HQ

    Lausanne, Switzerland
    CH

    Sector

    Blockchain, DeFi, Trade, Issue and manage Digital Assets

    Website

    metaco.com

  • Sharegain Fin Tech50

    GB

    Sharegain Fin Tech50

    Lending

    The FinTech50:

    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

  • Form3

    GB

    Form3

    Payments

    The FinTech50:

    Form3

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

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

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

    Company

    Form3

    Key people

    Founder: Michael Mueller

    Founded

    2016

    Funding

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

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

    HQ

    London, UK
    GB

    Sector

    Payments

    Website

    form3.tec

  • Enfuce logo circle FinTech40

    FI

    Enfuce logo circle FinTech40

    Payments

    The FinTech50:

    Enfuce logo circle FinTech40

    Developer of a cloud-based payment platform intended to help clients in their business financial expansions. The company's platform offers open banking, issuing and acquiring services, carbon footprint tracker, strong customer authentication, and back-office service to both incumbent players and newcomers, enabling consumer finance industries to conduct stable investments as per the regulation and constant change in a secure manner.

    Partners include Visa, Mastercard and AWS.

    Company

    Enfuce logo circle FinTech40

    Key people

    Founders: Monika Likamas, Denise Johansson, William Ekstrom, Tom Grahn

    Founded

    2016

    Funding

    Most Recent Financing Status(as of 07-May-2021)
    The company raised EUR 7 million through a combination of debt and Series B venture funding in a deal led by Tencent Holdings on March 17, 2021, putting the company's pre-money valuation at EUR 39.80 million.

    Maki.vc and other undisclosed investors also participated in the round. The funds will be used to look for M&A opportunities to accelerate growth across Europe and globally.
    Series A investors included Nordea Bank

    HQ

    Espoo, Finland
    FI

    Sector

    Payments

    Website

    enfuce.com

  • Dawex

    FR

    Dawex

    Data Marketplace, Analytics

    The FinTech50:

    Dawex

    Operator of a data exchange technology company and data marketplace intended to orchestrate data circulation, source and exchange data securely. The company's marketplace offers solutions to build a data exchange strategy in full compliance with regulations, enabling organizations to generate new revenue streams. 12,000+ organizations from 20+ sectors rely on Dawex Global Data Marketplace and Data Exchange Platform


    Company

    Dawex

    Key people

    Founders: Fabrice Tocco and Laurent Lafaye

    Founded

    2015

    Funding

    Most Recent Financing Status(as of 08-Dec-2020)
    The company raised EUR 5 million of venture funding from Bouygues Telecom Initiatives, Amadeus IT Group and Itochu on May 23, 2019. Bouygues Construction, Amadeus Ventures and Caisse des Dépôts Group also participated in the round.
    The company intends to use the funds to accelerate development in Europe and the United States, by establishing itself in Asia and the Middle East and by pursuing its investment in technology and innovation.

    HQ

    Lyon, France
    FR

    Sector

    Data Marketplace, Analytics

    Website

    dawex.com

  • Rapyd

    GB

    Rapyd

    Payments

    The FinTech50:

    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

  • Cleo

    GB

    Cleo

    Personal Finance Management

    The FinTech50:

    Cleo

    Developer of an AI-based personal finance application designed to change everyone's relationship with their money. The company's platform allows to view spending according to transactions, categories and merchants, as well as automatically send funds via Messenger without bank details, find deals on financial products and compares spending habits with peers, enabling users to keep a track of their spending across multiple accounts and credit cards.

    Cleo wants to reduce the complexity and increase the transparency of financial services for a new generation. The “financial assistant” for young professionals and graduates powered by AI, Cleo is a chatbot accessed via the Cleo app or Facebook Messenger and through integration with Amazon’s Alexa and Google’s Google Home. Users can chat to Cleo via text or voice to interrogate bank account and credit card data in order to keep track of spending and budget better. Angel investors include Niklas Zennström.

    Company

    Cleo

    Key people

    CEO: Barney Hussey-Yeo; Founders: Aleksandra Wozniak, Barney Hussey-Yeo

    Founded

    2015

    Funding

    Most Recent Financing Status(as of 11-Dec-2020)
    The company raised $44 million of Series B venture funding in a deal led by EQT Ventures on March 12, 2020. SBI Holdings, Index Ventures, LocalGlobe, Balderton Capital, Octopus Investments, and Y Combinator also participated in the round.
    The funds will be used to support an expansion of executive and product teams in the U.S. division's San Francisco office. Recently, the company received $981,000 of mezzanine financing from TriplePoint Private Venture Credit on May 27, 2020.

    HQ

    London, UK
    GB

    Sector

    Personal Finance Management

    Website

    meetcleo.com

  • Modulr

    GB

    Modulr

    Payments

    The FinTech50:

    Modulr

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

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

    Company

    Modulr

    Key people

    Founders: Myles Stephenson, Ritesh Tendulkar

    Founded

    2015

    Funding

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

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

    HQ

    London, UK
    GB

    Sector

    Payments

  • Farewill

    GB

    Farewill

    LegalTech, End of life Planning

    The FinTech50:

    Farewill

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

    Company

    Farewill

    Key people

    Founders: Daniel Garrett and Timothy Levene

    Founded

    2015

    Funding

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

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

    HQ

    London, UK
    GB

    Sector

    LegalTech, End of life Planning

    Website

    farewill.com

  • Cloudmargin

    GB

    Cloudmargin

    RegTech, Risk Management, Business Productivity

    The FinTech50:

    Cloudmargin

    CloudMargin was formed in 2014, inspired by the power of new technology and driven by the belief that existing collateral management solutions were over-priced, inefficient, and inaccessible, the founders decided to change things for the better.

    Developer of a cloud-based collateral and risk management platform designed to centralize, connect, automate, and optimize collateral management for everyone. The company's platform offers real-time reports on all collateral positions in order to facilitate straight-through processing through settlement, enabling financial institutions to meet time-critical regulatory deadlines and reduce costs associated with collateral requirements.


    Company

    Cloudmargin

    Key people

    CEO: Stuart Connolly

    Founded

    2014

    Funding

    The company raised GBP 15.80 million of Series B venture funding from Deutsche Börse Group, DB1 Ventures and Citigroup on September 22, 2020, putting the company's pre-money valuation at GBP 25.98 million. Deutsche Bank also participated in the round. The funds will be used by the company to further innovate the platform and technological capability to deliver an enhanced product and service for clients and partners. In addition, the firm intends to expand its sales and client service capabilities in the U.S. and Asia to meet greater demand.
    Series A investors included: Illuminate Financial, IHS Markit, Jefferies

    HQ

    London, UK
    GB

    Sector

    RegTech, Risk Management, Business Productivity

    Website

    cloudmargin.com

  • Tokeny

    LU

    Tokeny

    Blockchain, Trading, Digital Assets

    The FinTech50:

    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

  • Anyfin

    SE

    Anyfin

    Lending

    The FinTech50:

    Anyfin

    Anyfin is on a self-described mission to improve the financial well-being of Europeans and “put them back in control of their finances.” It does this through a digital lending platform focused on refinancing. The idea is to make it easier to competitively refinance (or consolidate) loans and credit cards and therefore not get ripped off with high interest rates or compound interest.

    Company

    Anyfin

    Key people

    Founders: Mikael Hussain Filip Polhem

    Founded

    2017

    Funding

    Total funding todate £35.6m as of June 2021
    Most Recent Financing Status (as of 15-Jun-2021)
    The company raised EUR 27.6 million of Series B venture funding in a deal led by EQT Ventures on May 13, 2020. Accel, Northzone Ventures, Global Founders Capital, FinTech Collective and Mikael Ingelson also participated in the round. The company will use the funding to drive product innovation, launch additional offerings and scale into new European markets.

    HQ

    Stockholm, Sweden
    SE

    Sector

    Lending

  • Roger AI

    DK

    Roger AI

    Payments, Invoicing, Ai

    The FinTech50:

    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

  • Apiax

    CH

    Apiax

    RegTech

    The FinTech50:

    Apiax

    Developer of an online financial platform intended to transform complex regulations into easy-to-use digital compliance rules. The company's platform is based on a lean and high-performance architecture and uses machine learning to transform complex regulations into digital regulatory rules and to manage regulations in a digital way, enabling financial organizations to get better API experience and manage regulations digitally.

    Company

    Apiax

    Key people

    Founder: Ralph Huber

    Founded

    2019

    Funding

    Total Raised: £9.31m June 2021
    Most Recent Financing Status (as of 18-Mar-2021)
    The company raised CHF 3.6 million of venture funding from Zürcher Kantonalbank, Futury Regio Growth Fund and Diventures Management on March 3, 2021, putting the company's pre-money valuation at CHF 24.94 million. e.ventures, Siparex XAnge Venture, Tugboat, Swiss ICT Investor Club and Peter Kurer also participated in the round. The funds will be used to further accelerate its growth plans.

    HQ

    Zürich, Switzerland
    CH

    Sector

    RegTech

    Website

    apiax.com

  • Yulife

    GB

    Yulife

    LifeTech. InsurTech

    The FinTech50:

    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

  • Clearscore

    GB

    Clearscore

    Credit Reporting

    The FinTech50:

    Clearscore

    Provider of free access to credit scores and reports intended to help users achieve greater financial well-being.

    The company's credit scores and reports help users to consolidate their personal debts and repay them via a low-interest, fixed-rate loan, enabling users to plan for the future and make more informed and responsible decisions about how they manage their debt.

    Company

    Clearscore

    Key people

    Founders: Justin Basini (CEO), Dan Cobley, Nigel Morris

    Founded

    2014

    Funding

    Total raised to date £154M with a post money valuation £503m as of June 2021
    Most Recent Financing Status(as of 28-Jun-2021)
    The company raised GBP 144 million of venture funding from Invus Opportunities on June 25, 2021, putting the company's pre-money valuation at GBP 359 million. The funds will be used to expand ClearScore's workforce, product portfolio and customer base.

    HQ

    London, UK
    GB

    Sector

    Credit Reporting

    Website

    clearscore.com

  • Credit Kudos

    GB

    Credit Kudos

    Credit Rating

    The FinTech50:

    Credit Kudos

    Developer of an open banking platform intended to advance in the field of financial inclusion and credit availability services. The company's platform utilizes machine learning behavior that offers a transparent scoring system based on consumer consented data for a fairer representation of an individual's creditworthiness, enabling lenders to make better decisions in a hassle-free manner.


    Company

    Credit Kudos

    Key people

    Founders: Freddy Kelly, Matt Schofield

    Founded

    2015

    Funding

    Most Recent Financing Status(as of 18-Jun-2021)
    The company raised GBP 5 million of Series A venture funding through a combination of debt and equity in a deal led by Albion VC on April 9, 2020, putting the company's pre-money valuation at GBP 13.56 million. GBP 4.29 million of equity funding was led by Albion VC with participation from Triple Point, Ascension Ventures (UK), Jigsaw VC and 11 other investors. The deal also includes GBP 710,000 of debt financing. The funds will be used to make affordable credit accessible to all.

    HQ

    London, UK
    GB

    Sector

    Credit Rating

    Website

    creditkudos.com

  • Bunq

    NL

    Bunq

    Mobile banking

    The FinTech50:

    Bunq

    Netherlands-based neobank, Bunq, developer of a banking system designed to offer a clean alternative to traditional banking.

    Immediate access from a mobile device individuals can setup dedicated bank accounts, request their money back for something they paid upfront for and use one card for multiple bank accounts, enabling businesses to offer debit cards to their employees for them to make real-time payments or turn their smartphones into a mobile contactless payment terminal.

    Bunq promotes itself as being “sustainable by default”, because they only invest ethically.

    Company

    Bunq

    Key people

    CEO & Founder: Ali Niknam

    Founded

    2013

    Funding

    Total funding raised to date £175.5m as of June 2021 post money valuation £1.42Bn
    Most Recent Financing Status
    (as of 17-Jun-2021)
    The company received EUR 160 million of development capital from undisclosed investors on June 17, 2021. The transaction values the company at EUR 1.65 billion.

    HQ

    Amsterdam, Netherlands
    NL

    Sector

    Mobile banking

    Website

    bunq.com

  • Habito

    GB

    Habito

    Online Mortgages

    The FinTech50:

    Habito

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

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

    Company

    Habito

    Key people

    CEO & Founders: Daniel Hegarty

    Founded

    2015

    Funding

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

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

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

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

    HQ

    London, UK
    GB

    Sector

    Online Mortgages

    Website

    abito.com

  • Previse 01 1024x660

    GB

    Previse 01 1024x660

    Payments, e-Invoicing

    The FinTech50:

    Previse 01 1024x660

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

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

    Previse has pioneered algorithm-driven invoice payment decisions.

    Company

    Previse 01 1024x660

    Key people

    Founder: Paul Christensen

    Founded

    2016

    Funding

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

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

    HQ

    London, UK
    GB

    Sector

    Payments, e-Invoicing

    Website

    revi.se

  • PensionBee

    GB

    PensionBee

    Pensions

    The FinTech50:

    PensionBee

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

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

    Company

    PensionBee

    Key people

    Founders: Romi Savova and Jonathan Lister

    Founded

    2015

    Funding

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

    HQ

    London, UK
    GB

    Sector

    Pensions

    Website

    ensionbee.com

  • TrueLayer

    GB

    TrueLayer

    BaaS, Open Banking / Faster payments / PSD2

    The FinTech50:

    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

  • Monzo

    GB

    Monzo

    Digital Banking

    The FinTech50:

    Monzo

    Monzo (previously Mondo), developers of a mobile banking application designed to offer banking services.

    The company's application uses smartphone technology to update balances instantly, give intelligent notifications and track day-to-day financial transactions without any usage fees, enabling customers to get a graphical timeline of their overall expenditures and get control over their spending.


    Company

    Monzo

    Key people

    CEO: Tom Blomfield; Founders: Tom Blomfield, Gary Dolman, Paul Rippon, Jonas Huckestein, Jason Bates

    Founded

    2015

    Funding

    Most Recent Financing Status (as of 02-Jun-2021)
    The company raised GBP 202.44 million of Series G venture funding in a deal led by Novator Partners on December 2, 2020, putting the company's pre-money valuation at GBP 1.04 billion.

    Orange Ventures, Stripe, TED, Kaiser Investments, AME Cloud Ventures, TriplePoint Venture Growth, Vetamer Capital, General Catalyst, Accel, Goodwater Capital, Passion Capital, Thrive Capital, Reference Capital (Switzerland), Y Combinator, Vanderbilt University and Octahedron Capital also participated in the round. The deal was led by Novator Partners, Annox Capital with 14 other investors also participating in the round.

    HQ

    London, UK
    GB

    Sector

    Digital Banking

    Website

    monzo.com

  • N26

    DE

    N26

    Banking

    The FinTech50:

    N26

    N26 offers mobile banking solutions to customers in the European Union through its subsidiary. It provides international money transfer, investment, overdraft, and cash withdrawal and deposit at stores.

    The company's mobile banking services offers online banking that include making and handling of current accounts, fixed accounts and other banking services, enabling customers to manage and control their banking details via a smartphone application in a hassle free way.

    The company raised $470 million of Series D2 venture funding in a deal led by Insight Partners on July 18, 2019.

    Company

    N26

    Key people

    CEO: Valentin Stalf; CEO N26 Bank: Markus Gunter; Founders: Valentin Stalf, Maximilian Tayenthal

    Founded

    2013

    Funding

    The company raised an undisclosed amount of Series D3 venture funding from Ilavska Vuillermoz Capital and other undisclosed investors on January 2, 2021. Post valuation £2.82Bn as of May 2020.
    Investors include: Draper Esprit, Hedosophia, Rancilio Cube, EarlyBird

    HQ

    Berlin, Germany
    DE

    Sector

    Banking

    Website

    n26.com/en-gb

  • Tractable

    GB

    Tractable

    Insurtech, AI, Machine Learning

    The FinTech50:

    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

  • Eigen Technologies

    PT

    Eigen Technologies

    Analytics, AI, Document AI for Financial Services, Low Code No Code

    The FinTech50:

    Eigen Technologies

    Developer of a natural language processing technology designed to read complex documents. The company's document AI technology leverages machine learning to analyze and mine documents and contracts, automating the extraction of unstructured qualitative data, enabling individuals and organizations to make the right decisions by unlocking the value of their qualitative data.

    Customers include 25% of the worlds globally systemically important banks including Goldman Sachs, Bank of America. Large Asset Managers including BlackRock and Hedge Funds like Fortress Investment Groups and insurance groups.

    Company

    Eigen Technologies

    Key people

    Founder: Dr Lewis Liu and Jonathan Feuer

    Founded

    2014

    Funding

    Most Recent Financing Status(as of 25-Jun-2021)
    The company raised $42 million of Series B venture funding in a deal led by Lakestar and Dawn Capital on March 13, 2020, putting the company's pre-money valuation at $128.03 million.

    ING Ventures, Goldman Sachs Growth and Temasek Holdings also participated in the round.

    The funding raised will be used to further accelerate growth, with significant investments across the company in both its technical and commercial teams, as well as double down on its commitment to be a truly transatlantic business, with additional senior management roles based out of New York.

    HQ

    Lisbon, Portugal
    PT

    Sector

    Analytics, AI, Document AI for Financial Services, Low Code No Code

    Website

    eigentech.com

  • Railsbank

    GB

    Railsbank

    BaaS, Open-Banking, API platform

    The FinTech50:

    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

  • Salary finance

    GB

    Salary finance

    Employee finance

    The FinTech50:

    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

  • Snoop

    GB

    Snoop

    Money Tracking App, AI, Analytics

    The FinTech50:

    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

  • IDnow

    DE

    IDnow

    AML, Identity Management

    The FinTech50:

    IDnow

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

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

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

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

    Company

    IDnow

    Key people

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

    Founded

    2014

    Funding

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

    HQ

    Munich, Germany
    DE

    Sector

    AML, Identity Management

    Website

    idnow.eu

  • Everledger

    GB

    Everledger

    Blockchain

    The FinTech50:

    Everledger

    Developer of a global digital ledger platform designed to track and protect valuable assets. The company's digital ledger uses blockchain technology and a distributed ledger system to reduce fraud-related instances of valuables and generate more leads or provide evidence of compliance to industry standards, enabling manufacturers and jewelry retailers to gain digital asset analysis.

    The platform combines a rich forensic approach to identify and track asset provenance to provide confidence in the transparency driven across global supply chains.

    The company has raised $30M to date as of July 2020. Post valuation £46.99M as of March 2018.

    Company

    Everledger

    Key people

    CEO: Leanne Kemp

    Founded

    2015

    Funding

    Total funding: $30.4M; Latest funding: $20M Series A, September 2019 Most Recent Financing Status
    (as of 23-Apr-2021)Most Recent Financing Status
    (as of 23-Apr-2021)
    The company raised $7 million of convertible debt financing from Tencent Holdings, Government of UK and other undisclosed investors on July 15, 2020. Outrun Ventures also participated in this round.

    HQ

    London, UK
    GB

    Sector

    Blockchain

    Website

    everledger.io

  • Monese

    GB

    Monese

    Digital Banking, Financial Inclusion

    The FinTech50:

    Monese

    Monese provides instant on-demand UK current accounts and European IBAN accounts in 20 countries regardless of the customer's citizenship.

    Monese's breakthrough technology can validate the identity of customers in real time enabling customers to open an account in a matter of minutes, using a mobile app

    Revolutionizing banking for expats, digital nomads and new residents as ‘residency restrictions’ imposed by traditional high street banks are one of the single greatest barriers to accessing the banking system when arriving in a new country.

    Company

    Monese

    Key people

    Founder & CEO: Norris Koppel

    Founded

    2013

    Funding

    Most Recent Financing Status (as of 07-Jun-2021)
    SmartCap sold its stake in the company for an undisclosed sum. Previously, the company raised GBP 32.55 million of venture funding from PayPal Ventures, Outrun Ventures, Kinnevik and Augmentum Fintech on July 1, 2020, putting the company's pre-money valuation at GBP 75.53 million. Veljo Otsason, Baris Aksoy and João Monteiro also participated in the round.

    HQ

    London, UK
    GB

    Sector

    Digital Banking, Financial Inclusion

    Website

    monese.com

  • ClearBank

    GB

    ClearBank

    Banking as a service, payment processing, core banking

    The FinTech50:

    ClearBank

    ClearBank is a next generation UK clearing and agency banking platform built with the customer in mind. The Company’s innovative platform serves FinTech businesses and banks, and offers the UK banking industry’s first and only real-time, straight-through clearing capability.

    The company's clearing banking system offers a core banking platform and helps in liquidity management and transaction analysis, enabling businesses and individual customers to move money between different accounts and clear cheques via any authorized UK payment system.

    Company

    ClearBank

    Key people

    Executive Chairman / Founder: Nick Ogden; CEO: Charles McManus

    Founded

    2016

    Funding

    Total funding: £154.9M with a post money valuation £342.32m as of March 2021
    Most Recent Financing Status (as of 28-May-2021)
    The company raised GBP 18.00 million of venture funding from undisclosed investors on March 29, 2021, putting the company's pre-money valuation at GBP 324.32 million.

    Investors include Northern Private Capital based in Toronto.

    HQ

    London, UK
    GB

    Sector

    Banking as a service, payment processing, core banking

    Website

    clear.bank/home

  • AQMetrics

    IE

    AQMetrics

    RegTech

    The FinTech50:

    AQMetrics

    AQMetrics provides integrated capital markets surveillance and compliance solutions to alternative investment management and broker/dealer companies. Through its suite of cloud based solutions, AQMetrics supports a full range of global regulatory reporting for recent and emerging directives including MAD II, MiFID II and the AIFM Directive. The firm also provides a complete reporting solution that enables risk aggregation and is based on OPERA. AQMetrics proprietary risk analytics empowers the automation of traditionally resource-intensive and error-prone processes to ensure intuitive, fast, and cost effective electronic compliance risk management, regulatory reporting and document management.

    In January, the Maynooth based RegTech announced it was looking to double headcount and open an office in mainland Europe on the back of a number of recent big contract wins.

    Company

    AQMetrics

    Key people

    CEO & Founder: Geraldine Gibson

    Founded

    2012

    Funding

    Total funding: £5.8m
    Most Recent Financing Status
    (as of 20-Dec-2018)
    The company raised EUR 3 million of venture funding from Bluff Point Associates, ACT Venture Capital and Frontline Ventures on December 7, 2018. The funds will be used to help financial firms keep up with regulations.

    HQ

    Kildare, Ireland
    IE

    Sector

    RegTech

    Website

    aqmetrics.com

  • Archax

    GB

    Archax

    Trading

    The FinTech50:

    Archax

    Provider of institutional-grade exchange services intended to facilitate the trading of cryptocurrencies or digital assets. The company offers a credible bridge between the new blockchain-centric tech community and the traditional investment space and empower institutions with safe trading in safe digital assets with other known safe participants in a safe jurisdiction that they desire, enabling institutions to trade in cryptocurrencies and all other digital assets.


    Company

    Archax

    Key people

    Founders: Graham Rodford, Matthew Pollard, Andrew Flatt

    Founded

    2019

    Funding

    Total funding to date £6.02m June 2021
    Most Recent Financing Status (as of 04-May-2021)
    The company raised $7.77 million of seed funding in a deal led by SPiCE VC on October 15, 2020, putting the company's pre-money valuation at $20.46 million. Hudson Capital Group, 7percent Ventures, and other investors also participated in the round. The funding raised will be used to meet our regulatory capital requirements to launch.

    HQ

    London, UK
    GB

    Sector

    Trading

    Website

    archax.com

  • Fintech OS

    GB

    Fintech OS

    Banking & InsurTech

    The FinTech50:

    Fintech OS

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

    Company

    Fintech OS

    Key people

    Founders: Teodor Blidarus, Sergiu Negut, Adam Niewinski

    Founded

    2017

    Funding

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

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

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

    HQ

    London, UK
    GB

    Sector

    Banking & InsurTech

    Website

    fintechos.com

  • BUX

    NL

    BUX

    Trading

    The FinTech50:

    BUX

    Operator of a fintech firm intended to offer a multitude of retail investment applications. The company's applications offer mobile zero-commission stock and ETFs investing platform, a mobile speculative derivatives trading platform and a platform where people can invest in real cryptocurrencies, enabling users to invest in the financial markets in a more accessible, intuitive and affordable manner.


    Company

    BUX

    Key people

    CEO: Nick Bortot; Founder(s): Nick Bortot, Robbert Bos, Joost van de Wijgerd, Egbert Pronk

    Founded

    2013

    Funding

    Most Recent Financing Status (as of 24-Jun-2021)
    The company raised $80 million of Series C venture funding in a deal led by Prosus Ventures and Tencent Holdings on April 22, 2021. Endeit Capital, S7V, and 5 other investors also participated in the round.
    The company will use the funding to promote international expansion, accelerate the European expansion of BUX Zero, the broker's investment app, continue its role of innovative pioneer by shaping the future of European investments with new functions, further accelerate its roll-out of zero commission investing across Europe and accelerates its a vision to become the leading destination for Europeans who want to do more with their money.

    HQ

    Amsterdam, Netherlands
    NL

    Sector

    Trading

    Website

    getbux.com

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Panel & Partners 2020:

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About:

Co-founded by ICON’s Nicky Cotter and FinTechCity’s Julie Lake, The FinTech50 is all about the qualities that make FinTech a hot technology sector and, in our panel’s view, every business on the list has either the potential to become a game-changer or the competitive staying power to continue being one.

The FinTech50 is our small tribute to a hugely enterprising sector that is redefining financial services and to the movers, shakers and downright disruptive technologies within it that will be the ones to watch.