The 50 European FinTechs to watch in 2018 revealed in annual list

Today the annual FinTech50 list has launched, revealing the FinTechs from across Europe who will be the ‘ones to watch’ over the next 12 months.

Hand-picked by an international panel of industry experts, the 2018 ‘50’ was selected from a long-list of over 1,800 FinTechs across Europe: the largest ever number of FinTechs considered for the list. The selection panel includes innovation and investment heads from tier-one banks HSBC, Deutsche Bank and Barclays, Insurers Axa and Aviva, VC investors, global FinTechs such as Stripe and industry leaders including Chris Skinner.

The FinTech50, now in its sixth year, features 23 FinTechs new to the list in 2018, including open-banking platform Bud, challenger bank Starling Bank and pensions specialist PensionBee.

Companies from the UK capital continued to excite the panel. These include payments firms Azimo and Curve, RegTech enterprises ClauseMatch and ComplyAdvantage and mortgage specialists Habito and Trussle. The names were revealed at an exclusive event in London hosted by Silicon Valley Bank. The list recognised companies with offices in 10 countries and 16 cities across Europe, including Berlin, Warsaw, Amsterdam, Dublin and Glasgow.

The FinTech50 list covers the full spectrum of FinTech innovation, including RegTech, blockchain and cryptocurrency, payments, open banking, insurance, mortgages, pensions and core banking solutions. This year, as the General Data Protection Regulation (GDPR) and Payment Systems Directive 2 (PSD2) landed, RegTech stood out, with 8 of the names falling into this sector. This included Dublin-based AQmetrics and Luxemburg head-quartered Governance.com.

For the first time, The FinTech50 this year revealed the “Top five” FinTechs who received the most votes from the panel. These were London-based Revolut, Onfido; N26 and Raisin based in Berlin and Sweden’s Tink.

Outside the main list, FinTech50 also recognised a “Hot 10” of emerging innovators. They include London-based start-ups Zego, Nivaura and Trustology, building a smart crypto custody platform to safeguard crypto assets.

The FinTech50 promoted 14 FinTechs to its “Hall of Fame”, in recognition of continued growth. Two companies, Digital Shadows and Behaviosec, have featured on the list five times.

Julie Lake, CEO and Co-Founder of The FinTech50, and Co-Founder Nicky Cotter, commented: “This is very much a forward-looking “watch list” and not a review of who did well in 2017. We asked the panel to take a big-picture view of the sector and look at what excited them as leading investors, buyers and sector watchers and who they would be looking out for this year. For us, the hottest trend this year is not the strength of individual verticals such as RegTech or InsurTech, but in how a once fragmented sector is increasingly working together with banks and with other FinTechs to deliver a superior experience for customers.

Alex McCracken, Managing Director of Silicon Valley Bank and FinTech50 panellist, said: “The FinTech50 was selected by a panel of FinTech specialists from Banks, FinServs and Investment Funds. We nominated FinTechs that are solving big problems in the Finserv sector and are likely to succeed as they are growing fast and have differentiated solutions. We selected companies in key areas such as Insurtech, Identity Verification, Robotic Process Automation, Data Analytics, Regtech, Blockchain development, Payments and Online Lending.

ABOUT FINTECH50

Founded in 2012 and launched in 2013, the annual FinTech50 was the first list worldwide to feature FinTech companies for their innovation rather than list them in order of revenue. In June, the 2017 list generated 100,000 views in its first 5 days online, a 350% increase on 2016. The ‘50’ is selected each year by a panel of global industry experts including tier-one VC investors, leaders from financial services organisations, including banks and insurers, global techs and industry commentators. In 2018, the list was selected from over 1800 FinTech companies across Europe.

FINTECH50 2018

Top 5 – received the most votes from the panel

  • Revolut, UK, London: Digital banking
  • Onfido, UK, London: Authentication
  • N26, Germany, Berlin: Digital banking
  • Raisin, Germany, Berlin: Savings
  • Tink, Sweden, Stockholm: Open banking

FinTech50 2018 – full list, including Top 5

  • Aid:Tech, Ireland, Dublin: Aid, Welfare & Remittance
  • AQmetrics, Ireland, Kilkenny: RegTech
  • Azimo, UK, London: Payments
  • Billon, Poland, Warsaw / UK, London: Blockchain
  • Bud, UK, London: Open Banking
  • Bunq, Netherlands, Amsterdam: Digital Banking
  • BUX, Netherlands, Amsterdam: Trading
  • Clark Germany GmbH, Germany, Berlin: Insurance
  • ClauseMatch, UK, London: RegTech
  • ClearBank, UK, London: Banking
  • ComplyAdvantage, UK, London: RegTech
  • Curve, UK, London: Payments
  • Duco, UK, London: Data Analytics
  • Ethereum, Switzerland: Crypto currencies
  • Everledger, UK, London: Blockchain
  • FeatureSpace, UK, London: Analytics
  • Fenergo, Ireland, Dublin : Client Lifecycle Management
  • figo GmbH, Germany, Hamburg: Open Banking
  • Friss, Netherlands, Utrecht: Fraud, Risk, Compliance
  • Governance.com, Luxembourg: RegTech
  • Habito, UK, London: Lending / Morgages
  • Idnow, Germany, Munich: Authentication
  • Ledger.fr, France, Paris: Blockchain / Cryptocurrencies
  • Leveris, Ireland, Dublin: Core Banking Platform
  • Mash, Finland / Luxembourg: Lending
  • Monese, UK, London: Banking / Financial Inclusion
  • Monzo, UK, London: Digital Banking
  • Mosaic Smart Data, UK London: Data Analytics
  • N26, Germany, Berlin: Digital Banking
  • NetGuardians, Switzerland, Vaud: Security
  • Neyber, UK, London: Employee Benefits / financial wellbeing
  • OakNorth, UK, London: Banking
  • Onfido, UK, London: Authentication
  • Payfit, France, Paris: Salary
  • PensionBee, UK, London: Pensions
  • Previse, UK, London: Payment decisions using AI
  • Privitar, UK, London: Privacy
  • Railsbank, UK, London: Open Banking
  • Raisin, Germany, Berlin: Savings
  • Revolut, UK, London: Digital Banking
  • RiskMethods, Germany, Munich: Supply Chain Risk Management
  • Seedrs, UK, London: Crowdfunding
  • SETL, UK, London: Blockchain
  • Solaris Bank, Germany, Berlin: Banking as a platform
  • Starling Bank, UK, London: Digital Banking
  • Suade, UK, London: RegTech
  • Tink, Sweden, Stockholm: Open Banking
  • Truelayer, UK, London: Open Banking
  • Trussle, UK, London: Lending, Mortgages
  • WeFox. Germany, Berlin: Insurance

Hot 10 – ones to watch for next year

  • AccessFinTech, UK, London: risk management service for banks and buyside firms
  • Coya, Germany, Berlin: Insurance
  • Dream Quark, France, Paris: Data analysis technologies around deep representation learning
  • Fluidly, UK, London: Using data science machine learning to help businesses manage cashflow
  • Nivaura, UK, London: Technology for faster, cheaper and compliant on-demand issuance and administration of financial instruments
  • 20|30 Pillar Project, UK, London: Blockchain, cryptocurrency, data storage
  • SmartValor, Switzerland, Zug Valley: blockchain startup set to reinvent private banking.
  • Tetrao, Luxembourg: AI for business onboarding
  • Trustology, UK, London: Building a smart crypto custody platform to protect crypto assets
  • Zego, UK, London: Insurance for drivers in the gig economy

Promoted to The Hall of Fame – recognised for ongoing excellence

· DarkTrace, UK, Cambridge: CyberSecurity

· Kreditech Holding SSL GmbH, Germany, Hamburg: Lending

· Spotcap, Germany, Berlin: Lending

· BehavioSec, Stockholm, Sweden: Biometrics

· Gocardless, UK, London: Payments

· Digital Shadows, UK, London: Cybersecurity, Risk Management

· Credit Benchmark, UK, London: Risk Management

· OpenGamma, UK, London: Analytics

· Iwoca, UK, London: SME Lending

· LendInvest, UK, London: Marketplace for property finance

· Ratesetter, UK, London: Peer to Peer lending

· MarketInvoice, UK, London: Invoice financing

· Crowdcube, UK: Investment Crowdfunding Platform

· BIMA, Sweden, Stockhom: Insurance / Health services to emerging markets

Author: Yash Hirani

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