FinTech 50 Funding 

 
 

FinTech50 cos raise over $1.9bn since June 2017

European FinTechs listed on The FinTech50 2017 have raised a total of $1.9bn since 1 June 2017.

updated May 2018

The grand total includes one of largest ever funding rounds ($250M) for a European FinTech Revolut, significant rounds for digital bank Monzo ($93M) and Hot Ten listed 10X Banking ($46M). Swedish e-commerce giant Klarna secured $225M private equity from Permira, in exchange for a 10% stake, as well as undisclosed rounds from Brightfolk and Visa. 2018 fundraisings include Hall of Fame listed eToro who secured $100M in March 2018 and N26 $160M in March from Tencent and Allianz X.

Median deal value is $13.8M (across seed, early and later stage). Later stage median value at May 2018 stands at $36.75M. European median VC (later stage) deal size for 2017 was $15M. 

In April 2018, Digital Banking overtook Payments as the most funded area, with Revolut's $250M Series C round. The total excludes debt financing secured by IZettle, and Atom Bank, and undisclosed strategic investments by Intesa Sanpaolo in Iwocaby PayPal in Berlin-based Raisin and undisclosed venture investment in Algomi.

Rounds raised before the list launched in June include Funding Circle ($100M Series F) and CurrencyCloud ($20M).

The FinTech50 2017 was launched in the first week of June 2017 and features 50 European FinTechs selected by an international panel of experts. It also includes 10 FinTech companies appointed to the Hall of Fame and 10 early-stage FinTechs on this year's Hot Ten. The list received over 100,000 views in its first week online.

The full list of funding rounds since June are:

10X Banking $46M Series A

Atom Bank $211M Venture

BehavioSec $17.5M Series B

Bud $2.1m Seed

Cleo $2.6m Seed

Contego $3.5m Series A

Curve $10m Series A

Darktrace $75m Series D

Digital Shadows $26m Series C

eToro $100m Series E

Featurespace $16.5m

Kantox $6m Series C

Klarna $225m Private Equity

Monzo $93.26m Series D / Secondary Markets

N26 $16m Series C

Onfido $30m Series C

Paykey $10m Series B

Privitar $16m Series A

Railsbank $1.2m Seed

Revolut $250m Series C / Equity crowdfunding

Scalable $33.5 Series B

Seedrs $14m / Equity Crowdfunding

solarisBank $69M

Transferwise $280m Series E 

Trussle $13.6m Series B

Zopa $41.8 Series E