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 Iwoca, by PayPal in Berlin-based Raisin and undisclosed venture investment in Algomi.
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
Digital Shadows $26m Series C
eToro $100m Series E
Klarna $225m Private Equity
Monzo $93.26m Series D / Secondary Markets
N26 $16m Series C
Revolut $250m Series C / Equity crowdfunding
Seedrs $14m / Equity Crowdfunding
Transferwise $280m Series E
Trussle $13.6m Series B