FinTechCity’s annual list of 50 Fintechs was recently released.
Selected from over 1,800 companies across Europe by a panel of judges, the ‘Fast 50’ features established industry fintechs, alongside 23 exciting new startups.
The list covers the full spectrum of innovation, including digital banking, RegTech, blockchain, cryptocurrency, payments, open banking, insurance, mortgages and pensions.
Following the money, we’ve researched who’s investing and where the money’s going, so you can keep track of the next wave of tech companies.
Who’s investing the most in the Fast 50?
Investors from all over the world are investing in these fast-growing businesses.
Who are the people behind these investments? Click here to find out.
The US is leading investment in the FinTech 50, with a total of 16 investors ranging from Venture Capital firms to Investment Banks.
The UK comes in a close second place with a total of 13 that, despite Brexit fears, highlights investors are still trusting the UK to be a global financial hub and a great place for investment.
Venture capital firms dominated the list, being represented a total of 28 times – nearly double the amount of the rest of the investor types.
The stages of funding are varied, with the majority (as you’d expect) of investments being Series A or Series B, mainly down to the fact that these 50 companies are fast-growth businesses.
OakNorth raised the most capital with a figure of $364.9m, closely followed by newly-crowned unicorn, Revolut – who raised $250m. German bank, N26 had an impressive Series C round, raising $160m. This is testament to how much value investors are now placing on bank-disrupting fintechs.
- Over half of the list (27 businesses) are based in London, however Europe is catching up, with increased competition from rising tech hubs in Amsterdam, Berlin and Paris.
- The judging panel is made up of representatives from American Express, Barclays, Deutsche Bank, HSBC, Index Ventures, JP Morgan, Microsoft, Santander, Silicon Valley Bank and SoftBank amongst other leading industry heads.