Europe’s hottest fintech companies recognised in 2019’s FinTech50 list

The FinTech50, the first list in the world to recognise innovative European fintechs, has announced the 50 companies selected for its 2019 list. Now in its seventh year, the annual list is selected by an international panel of experts. Last year’s list received over 1M views worldwide and companies listed on the 2018 FinTech50, Hot Ten and Hall of Fame raised a combined total of $2.53Bn in just 12 months.

Leaders from Standard Chartered, Silicon Valley Bank, UBS, Accel, Mastercard and Barclays UK Ventures, as well as Heads of Fintech hubs across Europe, reviewed over 2000 Fintechs on a longlist compiled through independent research and personal recommendations.

The 2019 list features established brands Monzo, Revolut and N26 alongside 21 companies new to the list who reflect this year’s focus on innovation for consumers, business and financial services. They include London-based SalaryFinance, founded with a social purpose to offer salary-linked employee benefits, Stockholm’s Minna Technologies, offering subscription management through European banks, Arabesque S-Ray, monitoring the sustainability of 7000 large companies, and Luxembourg’s Tokeny, a white-label platform to issue, transfer and manage tokenized securities.

Fintechs from Denmark feature for the first time. Chainalysis (founded in Copenhagen), Pleo, and Aryze, who feature on this year’s Hot Ten.

Final voting, which took place by secret ballot following a series of panels, produced a top ten from London, Berlin, Paris and Stockholm, with London-based Onfido emerging as this year’s top ranked Fintech.

  1. Onfido – London: Identity Verification
  2. Monzo – London: Digital Banking
  3. Revolut – London: Banking Alternative
  4. Raisin – Berlin: pan-European deposits Market place
  5. Tink – Stockholm: Open Banking
  6. OakNorth – London: Business Banking
  7. Monese – London: Digital Banking
  8. solarisBank – Berlin: Open Banking
  9. N26 – Berlin: Digital Banking
  10. Alan – Paris: Health Insurance

This year’s Hot Ten earlier-stage companies are as follows:

Apiax

Regulation & compliance

Zurich – Founders: Ralph Huber, Thomas Suter, Nicholas Blanchard

Transforming complex regulations into digital compliance rules, which are constantly up-to-date and verified, accessible via an API.

Aryze

Digital cash

Copenhagen – Founders: Jack Nikogosian, Morten Nielsen

Digitzing cash through a range of cryptographically secure stablecoins linked to the value of an underlying national currency.

Bankifi

Amsterdam and Manchester – Founders: Conny Dorestijn / Mark Hartley

Allows SMEs to bundle sets of microservices to build the right solution for their business segments.

Gardenia Technologies

Working capital finance

Luxembourg – Founders

improves profitability through data-driven advanced analytics and ML-driven working capital finance and risk management.

Globechain

Circular Economy

London – Founder: May Al-Karooni

Creating social value by being the world’s largest reuse marketplace

Neufund

Investing

Berlin – Founder: Zoe Adamovicz

Building a blockchain-based and investor-directed platform which bridges the world of cryptocurrency and equity.

OKO Finance

Crop Insurance

TelAviv – Founders: Shehzad Lokhandwalla, Simon Schwall

Using satellite and mobile technologies to bring crop insurance to emerging markets

Swoop Funding

SME Funding

Dublin / London – Founders: Andrea

Simplifies and speeds-up access to loans, grants and equity funding for businesses in the UK & Ireland.

Tully

Financial wellbeing / debt

Nottingham – Founders:

Financial welling service designed to help the 23 million people in the UK who are worried about money.

11:FS Foundry

Banking as a Service

London: CEO: Dr Leda Glyptis

A cloud-based and modular digital banking toolset that allows customers to deploy an entire banking stack or select services to suit.

FinTech50 Founding Director Julie Lake said: “We wanted this year’s 50 to represent the value delivered by fintech innovation to individuals, employees, businesses of all sizes, as well as to traditional providers of financial services This year’s 50 this are meeting the demands of wider social, environmental and economic trends – the subscription economy, sustainable investing, financial wellbeing – as well as continuing to transform traditional financial services for the benefit of their customers.”

Craig Fox, Director, Fintech, at Silicon Valley Bank, said: “Silicon Valley Bank is a key partner to the tech community in the UK and across Europe. We’ve supported the growth and the evolution of the fintech industry for over a decade to help companies disrupt all corners of financial services. The sector is increasingly competitive, meaning that this year’s FinTech50 list is even more diverse and far-reaching. This reflects the talent and creative ideas within the industry in an environment of ongoing socio-economic changes resulting from macro trends. At Silicon Valley Bank, we work with some of the industry’s most talented business leaders and know what it takes to succeed and move bold ideas forward, fast; this year’s 50 represents the very best.”

The full list of FinTech50 companies in alphabetical order.

*New to the list this year

Alan

Arabesque S-Ray *

Azimo

Bunq

Calastone

Chainalysis*

ClauseMatch

ClearBank

Clearmatics

ClearScore

CloudMargin*

ComplyAdvantage

Cuvva

Cytora*

Eigen Technologies*

Everledger

Farewill*

Featurespace

Fluidly*

Form3 Financial Cloud*

Habito

HQLA-X*

IDnow

Minna Technologies*

Modulr*

Monese

Monzo

Mosaic Smart Data

N26

Nivaura*

OakNorth

Onfido

PensionBee

Pleo*

Previse

Railsbank

Raisin

Revolut

SalaryFinance*

Simudyne*

solarisBank

Sonect*

StarlingBank

Tessian*

ThoughtMachine

Tink

Tokeny*

Tractable*

Truelayer*

Zego*

Author: Yash Hirani

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