FinTech50 2018 Funding
FinTech50 Funding - from June 2018
European FinTechs listed on The FinTech50 2017 raised an impressive total of $1.96bn in the 12 months between June 2017 and June 2018. This index will follow the funding for The 2018 FinTech50, Hall of Fame and Hot Ten companies.
End October, Monzo announce £85M ($109,543M) Series E investment from seven investors, including Accel, Passion Capital and General Catalyst, in addition to Stripe. Meanwhile Luxembourg-headquartered Mash announced the European sector’s first STO (Security Token Offering).
Median deal value for the 2018 list currently (1 Nov 2018) stands at $53M (across seed, early and later stage). Average deal value across companies is $47.5M.
The FinTech50 2018 - Funding update (November 2018)
In five months since launch, The FinTech50 have collectively raised $470.5M. There has been 1 IPO (FundingCircle) and three undisclosed rounds.
Monzo: $109.5M (£85M), Series E - 7 investors, incl Accel, General Catalyst
OakNorth: $100M, Series B, September - Lead investors, Clermont Group, NIBC Bank, EDBI, GIC, Coltrane Asset Management
Monese: $60M, Series B, September - Lead investor, Kinnevik
MASH: $59.9M (€50M), Venture + STO
Zopa: $56.9M Venture Round, August 2018
Darktrace: $50M Series E, Sept 2018, Vitruvian Partners
Klarna: $20M Corporate round, Oct 2018, H&M Clothing
Truelayer: $7.5M, Series A, August - Lead Investor, Northzone
Previse: $7M, Series A - Lead investor: Augmentum FinTech
Railsbank: €100k Grant
Governance.com: Series A (undisclosed) Sept 2018