Fintech Startups Europe 2020 #1 BEST FINTECH COMPANIES EUROPE 2020
Europe has become a world leader in financial technology driven by strong hubs in London and Berlin combined with the financial hubs of the City of London and Frankfurt but also due to innovation across the continent including great scale up scene in Paris and Stockholm and other countries so let’s look at some of the emerging fintech companies Europe has to offer.
But before we start, for Fintech London and the UK companies please see our separate Fintech Companies London 2020 guide
Berlin is one of Europe’s most vibrant cities and one of the best and, until recently, most affordable big cities to live in and the tech scene and talent pool part due to the relatively low cost of living is very much point and the financial technology sector is no exception so lets take a look at the hottest companies and the wider vicinity has to offer.
We Fox believe that data safety is paramount and want to raise awareness in the insurance industry.
wefox Group was founded by CEO Julian Teicke in 2017. It currently has two businesses in its portfolio: wefox and ONE. Both companies are active in one of the most critical areas regarding consumer transparency and therefore viciously adhere to the highest data privacy requirements in the industry. That is why wefox Group has made it its mission to increase overall awareness about the impending data revolution. wefox Group is dedicated to challenging the current status quo and setting the standards for what insurance companies need to be in the future to protect the rights of the individual. wefox Group is a think tank that asks the most difficult questions that insurance companies and other industries will face in the future.
FinLeap want to be the company builder for fintech champions
Fintech are passionate about building technology companies for the banking, insurance and asset management industries.
With their exclusive focus on the financial services sector, they have developed deep expertise in addressing customers’ financial needs in this digital age and build technology companies tailoring holistic financial and business solutions to customer groups in a specific context of life or industry.
By leveraging the comprehensive set of financial solutions in their ecosystem, finleap creates superior value propositions which enable consumers and SMEs to manage their finances in an easy and tailored way.
Friday is the first digital full-service car insurer in Germany to offer an innovative type of coverage paid by the kilometer.
Founded in 2016, with the support of Swiss insurer Bâloise Group, FRIDAY employs 30 staff, including insurance academics, economists, experienced entrepreneurs, and digital experts. The pioneering Berlin-based company operates a digital insurance platform to provide ahead-of-the-curve solutions.
Since March 2017, FRIDAY has offered the first monthly cancellable car insurance product in Germany, as well as additional innovations such as kilometer-accurate billing. The pay-per-kilometer motor insurance is considered to provide a matchless quality of flexibility and fairness to drivers in the German market.
France is one of the main receivers of venture capital in fintech because the French government is not prepared to be left behind and has heavily implemented a series of programs to promote new companies with a tax credit for research (CIR) and employment (CICE) to help them get traction so let’s take a look at some of the Fintech Companies Paris has making movement in financial technology in 2020
October are on a mission is to empower businesses to thrive by simplifying and democratizing their funding.
October was born in France at the end of 2014, under the name Lendix, thanks to a new regulation opening up the banking monopoly and today they operate as a pan-European lending platform with offices in France, Spain, Italy, the Netherlands and Germany.
Alan see their opportunity is to transform mobile application experiences with the Alan Conversational Voice AI Platform and have formed a team of veteran engineers, designers, and entrepreneurs, with domain expertise in Voice Recognition, Computational Linguistics, Machine Learning, and Real-time Streaming.
Shift Technology was founded on the belief that Artificial Intelligence (AI) has the potential to unlock the future of insurance, solving fraud detection and claims automation challenges while empowering insurers to deliver amazing customer experiences.
Ledger believe themselves to be a unique digital security ecosystem that provides protection and is built on verifiable trust across our people, hardware and software. And in today’s world, we know that trust deserves proof and this is why they provide transparency into how our technology works.
We relentlessly stress-test their own technology solutions and their Ledger Donjon team is made up of world-class experts with extensive backgrounds in the security and smartcard industries that continuously look for vulnerabilities on Ledger products as well as their providers’ products in an effort to analyze and improve the security.
PayFit transforms complicated issues into an enjoyable experience thanks to powerful technology and human expertise and are already serving thousands of SMEs.
Spendesk combines powerful spend management software with corporate cards to help businesses take control of spending.
Usually finance teams have to fight to convince employees to adopt new tools and processes. Not with Spendesk. With clear benefits for finance, managers and employees, get the right balance between control and efficiency when spending company money.
With Lydia you can instantly send money to friends and pay contactless anywhere with your phone.
Scandinavia has punched above it’s population level in terms of tech scale-ups for many years so lets look at how their financial technology scene looks and the main players breaking out of the Swedish capital
Klarna help you to buy now and pay later, so you can get what you love today.
Klarna was founded in Stockholm, Sweden and is Europe’s highest valued private fintech company and offer products and services to consumers and retailers within payments, social shopping, and personal finances.
Today, have 2 500 employees from 86 nationalities who all work for the same goal: to keep exploring just how smooth the future shopping experience can become.
Anyfin was founded in 2017. With more than 20 years of experience from risk assessment, credit and technological development from some of Sweden’s leading technology companies – iZettle, Klarna and Spotify.
Together with people specialising in design and programming, artificial intelligence and credit counselling, we are driven by wanting to change, challenge the industry.
On this journey with us, we also have some of the world’s leading venture capital firms, Accel, Northzone and Global Founder Capital. Together, they have been behind several companies that have revolutionised how we live: Facebook, Spotify and LinkedIn.
Dreams believe saving money was once a boring, heavy task for most of us. With Dreams – the new way to save and invest – putting money aside finally makes sense.
By figuring out how the human mind and heart tick, Dreams helps you put your money on what matters. Your dreams.
Tink was founded in 2012 with the aim of changing the banking industry for the better and have built Europe’s most robust open banking platform – with the broadest, deepest connectivity and powerful services that create value out of the financial data.
Tink offer the tools that allow anyone – from big banks and fintechs to startups – to build the future of financial services across Europe.