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Submitted by Newsroom on Fri, 06/30/2017 - 17:27
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Julie Lake - Founding Director The FinTech50 / FinTechCity

 

European fintech firms to look out for

 

The annual FinTech50 list of European financial technology firms was unveiled. First launched in 2013, FinTech50 recognises the European game-changers transforming financial services. The list is now helping FinTech companies to raise profile globally, connect with influencers, investors and funders and generate business. 

This year, the top 50 were selected from a long-list of over 1500 FinTechs across Europe. An international panel of 63 industry experts which includes Alastair Lukies, the U.K prime minister's business ambassador for fintech, picked the companies that they saw as "game-changers".

“Fintechs working with banks is a powerful trend, but there is also a new generation of innovators going direct to the consumer in areas such as insurance and financial management,” said Julie Lake, founding director of the Fintech50.

The names on the 2017 FinTech50 list:

Action.ai (London, UK), Advice Robo (Amsterdam, Netherlands), Aire (London, UK), Algomi (London, UK), AQMetrics (Kildare, Ireland), Atom Bank (London, UK), Azimo (London, UK), Behaviosec (Stockholm, Sweden), Bonify (Berlin, Germany), Clearmatics (London, UK), Clearscore (London, UK), ComplyAdvantage (London, UK), Contego (London, UK), Credit Benchmark (London, UK), Curve (London, UK), Cuvva (Scotland, UK), DarkTrace (Cambridge, UK), Digital Shadows (London, UK), Ethereum (worldwide), FeatureSpace (London, UK), Fenergo (Dublin, Ireland), Figo (Hamburg, Germany), FundApps (London, UK), Iwoca (London, UK), Kantox (London, UK), LendInvest (London, UK), Mambu (Berlin, Germany), MarketInvoice (London, UK), Meniga (Rejkyavik, Iceland), Monzo (London, UK), N26 (Berlin, Germany), NetGuardians (Switzerland), Onfido (London, UK), OpenGamma (London, UK), PayKey (Tel Aviv, Israel), Privitar (London, UK), Qumram (Zurich, Switzerland), Railsbank (London, UK), Raisin (Berlin, Germany), RateSetter (London, UK), Revolut (London, UK), Scalable Capital (Munich, Germany / London, UK), Seedrs (London, UK), SETL (London, UK), solarisBank AG (Berlin, Germany), Suade (London, UK), Thought Machine (London, UK), Traxpay (Berlin, Germany), Trussle (London, UK), WeFox (Switzerland)

The FinTech 50 list is complemented by “The Hot Ten”, incorporating fintech firms from across the region which are at an earlier stage of development:

ClearBank (U.K.), Governance.io (Luxembourg), Meteo Protect (France), Nxchange (Netherlands), Bud (U.K.)., Cleo (U.K.), Datasine (U.K.), Deposify (Ireland), Post Quantum (U.K.), 10x Future Technologies (U.K.)

As can be seen U.K. companies dominate the European fintech scene. Meanwhile, there are signs that the gender imbalance in fintech is starting to correct, with nearly 20% of the list's firms having a female founder or CEO. Other trends include the rise of AI, partnerships between fintechs and between fintechs and banks, and M&A as banks acquire market-leading challengers.