10 European Fintech Companies To Watch In 2018

If you are interested in new business trends, you might have heard that fintech is becoming increasingly popular in Europe lately, but you’re not quite sure what fintech is. You feel a bit out of loop even asking that question.

Don’t, because the definition is actually very simple. Fintech is just financial technology, in its essence. Credit cards used to be fintech, before they went mainstream!


Fintech is actually any financial technology offering new solutions and competing with the old ones, offering inn methods in delivering financial services.


Using smartphones for mobile banking, investing services and crypto are all great examples of fintech making financial services a lot more accessible to the public.

Here are more great fintech examples:

  • Ethereum and other blockchain technology

  • Crypto and digital cash

  • Using computer programs to create smart contracts, usually using the blockchain to execute contracts between buyers and sellers automatically

  • Regtech, a technology trying to help companies and institutions meet guidelines and laws, especially those concerning money laundering

  • Open banking, using Open APIs that allow third party developers to build apps and services around the financial institution. Open banking allows more transparency options, from Open Data to private data.

  • Cybersecurity - the sine qua non of fintech, considering all the cyber crime. Also known as IT Security or even computer security, it protects from theft or damage of hardware, software or information and even misdirection or misuse of services. Knowing that blockchain is decentralized, it’s clear how important cybersecurity really is.

  • Insurtech, a technology whose goal is to simplify the insurance industry

  • Regtech, a technology trying to help companies and institutions meet guidelines and laws, especially those concerning money laundering

  • Betterment and other robo advisers that lower the cost of investments and make investments more accessible by automating investment, all of which is achieved with the use of algorithms.

  • Unbanked or underbanked Offer solutions to serve financially challenged or low income individuals who are mistreated by traditional banks and financial companies.




Fintech could possibly change the world, making financial services more accessible to those in need and remove corruption from the banking system and maybe even right certain wrongs the monetary system imposed on the world. Europe took count of these facts early on and that’s why one could say it’s on fintech’s forefront. Just in 2014’s first quarter, European fintech raised 166 million.

Over 8 billion have been been invested in European fintech companies since 2010, and the numbers are growing in recent years with big corporations becoming more and more interested in the sector. The state of fintech in Europe report found that deal sizes are growing in the past six years, especially regarding investments over 20 million. $2 billion has already been invested across 43 deals y the end of 2017’s third quarter, showing us that the European fintech sector is growing.



The financial services industry is going through a revolution in 2018 and European regulations like the PSD2 (revised payments services directive) and open-banking mandates in the United Kingdom are fuelling these changes.

The two regulations were planned by regulators to encourage competition by decreasing barriers for those just starting and making access to customer data more equal.

The biggest European banks are also implementing a number of strategies to stay relevant and are even investing in financial technology startups that enable regulations.

Banco Santander from Spain and it’s venture breach Santander InnoVentures are maintaining their status as the most active bank participating and investing in the fintech revolution, with 23 equity investments to 19 unique fintech startups.

Credit Suisse and UBS follow shortly.

By the end of last year, European fintech firms surpassed $2.6 billion EUR.

UBS and Deutsche Bank both invested in regulatory technology firm ACADIASOFT. With Banco Santander, they made the most investments, investing in a many fintech technologies.

Almost every European bank chose to invest in some sort of financial technology, and most invested in blockchain related fintech.

R3 got an investment from nearly all banks that made fintech investments, aside for Crédit Agricole. This startup has recently raised $107 million from bank investments!




With 2018 definitely being a pivotal year in the fintech revolution occurring in Europe and it’s important to stay as informed about the trends regarding financial technology.

So who are the companies currently changing the face of fintech?





This Limassol, Cyprus-based mobile trading app that uses AI to enables customers to invest in different financial tools, but also access educational materials, is regulated by the Cyprus Securities and Exchange Commission.

Cyprian fintech startup Capital.com raised a quarter of a billion from Larnabel Enterprises and VP Capital and launched its mobile trading app. Their app helps investors to trade financial products and get  updates with analysis, news and research based on user behaviour.





This online platform is where small and medium sized enterprises can get funds for their short-term financing needs by selling invoices to financial investors. Based in Zurich, Switzerland, Advanon has raised 3.9 million so far. It was founded in 2015 by Philip Kornmann, Phil Lojacono and Stijn Pieper.




Simply put, Coinify is a virtual currency platform. Founded in 2014 in Copenhagen, it works as a blockchain payment service provider with global payment providers , physical stores, online brokers and individuals. It raised 4 million in 2017.





The premise of Circle is that users can send and receive P2P payments with native euro support. Circle aimes to become the first and only cross-border payments platform to enable beaming cash from an app into an american bank account for free. The London/Dublin based company has so far raised $136m from 19 investors.





This Irish fintech company allows you send money while avoiding excessive bank fees, offering better exchange rates and increased safety. CurrencyFair was founded in 2010 by Brett Meyers and has raised 28 million so far!





This Copenhagen based company creates cloud-based compliance software designed to manage corporate risk, safety concerns and third-party due diligence. It translates huge tasks into small and automated campaigns. Just in the beginning of 2018 they raised $9m in a Series A round.




This Swedish company whose website is too cool for words deals with online payment services for e-commerce websites, eliminating the risk for buyer and seller, charging customers only AFTER they have already received the purchased product. Klarna raised 291.3 millions by 12 investors in 6 rounds. The company was founded by Sebastian Siemiatkowski, Victor Jacobsson and Niklas Adalberth and the estimated worth of Klarna is now 2.25 billion!





Oh, Paris! The city of light, love, cheese and of course, payroll startups! The French startup PayFit has only been around for a year, but it already collected 15.9 million in a series B round, so who knows what the future has in store for this startup. It was founded Ghislain de Fontenay, Florian Fournier and Firmin Zocchetto and they hundreds of customers are already using their services. PayFit enables a SaaS platform that helps small and medium enterprise pay their employees.





For those tired of the traditional banking system - the Revolut app provides you with a multi-currency banking alternative! Founded in 2015 by Nikolay Storonsky and Vlad Yatsenko, they raised $66m in a Series B round in July 2017, and this app-bank has already got 1million users.

It takes less than one single minute to create an account, helping users send money in 26 different currencies to banks globally and pay in 120 currencies all over the world using their contactless cards and exchange currencies.





Combining some more traditional methods with the latest, most innovative technology, WeFox connects insurance companies with their clients. It is built solely on the Salesforce platform. It raised 5.5 million in it’s four year existence and is based in Zurich and Berlin. By signing up you are offered a personal consultant, individual insurance check, complete overview and support in case of damage. WeFox has 100.00 plus customers and 360 certified experts.


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