FinTech 50 Funding 


FinTech50 Funding - from June 2018

European FinTechs listed on The FinTech50 2017 raised a total of $1.96bn since 1 June 2017.  This index will follow the funding for The 2018 FinTech50, Hall of Fame and Hot Ten companies. 

The 2017 grand total includes one of largest ever funding rounds ($250M) for a European FinTech, Revolut, as well as 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 for the 2017 group of companies iinclude Hall of Fame listed eToro who secured $150M in March 2018 and N26’s $160M in March from Tencent and Allianz X.

Median deal value for the 2017 list was $15M (across seed, early and later stage). Later stage median value across the 70 companies was $23M. 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. 

View the full list of funding rounds for The FinTech50 2017:

The FinTech50 2018 - first quarter update (September 2018)

In the three months since launch, The FinTech50 have collectively raised $231.5M. Three undisclosed rounds have also been reported.

Monese: $60M, Series B, September - Lead investor, Kinnevik

OakNorth: $100M, Series B, September - Lead investors, Clermont Group, NIBC Bank, EDBI, GIC, Coltrane Asset Management

Previse: $7M, Series A - Lead investor: Augmentum FinTech

Railsbank: €100k Grant

Truelayer: $7.5M, Series A, August - Lead Investor, Northzone

Zopa: $56.9M Venture Round, August 2018