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