The European fintech scene has experienced tremendous growth over the last few years. One of the key drivers of this growth is open banking. This is causing financial institutions and fintechs to partner together to provide more innovative, user-friendly solutions for consumers throughout Europe.
European consumers are receptive to the idea of non-financial players offering financial products, according to EY’s Global FinTech Adoption Index 2019. The survey finds that fintech adoption throughout Europe, especially in countries such as the Netherlands, U.K., Germany, Sweden, and Switzerland, are well above the global average of 64%, and aren’t showing signs of slowing down any time soon.
Below is a list of the top 50 fintech companies in Europe, based on their valuations.
| Ranking | Company | Funding | Valuation | Country |
| 1 | Adyen | $266M | $22B | Netherlands |
| 2 | Nexi | Public | $8.2B | Italy |
| 3 | Klarna | $1.4B | $5.5B | Sweden |
| 4 | Checkout | $380M | $5.5B | U.K. |
| 5 | Revolut | $917M | $5.5B | U.K. |
| 6 | Transferwise | $1.1B | $5B | U.K. |
| 7 | Greensill | $1.7B | $3.5B | U.K. |
| 8 | N26 | $782.8M | $3.5B | Germany |
| 9 | Oaknorth | $1B | $2.8B | U.K. |
| 10 | IZettle | €273.2M | $2.2B | Sweden |
| 11 | MetroBank | Public | $1.92B | U.K. |
| 12 | Wefox | $268.5M | $1.65B | Germany |
| 13 | Funding Circle | $746.4M | $1.5B | U.K. |
| 14 | Monzo | £384.7M | $1.24B | U.K. |
| 15 | Rapyd | $170M | $1.2B | U.K. |
| 16 | Ledger | $88M | $1.2B | France |
| 17 | Avaloq | CHF350M | $1.1B | Switzerland |
| 18 | Deposit Solutions | $198.9M | $1.1B | Germany |
| 19 | Ivalua | $134.4M | <$1.0B | France |
| 20 | Sumup | $425.6M | $1.0B | U.K. |
| 21 | Radius Payment | £150M | $1.0B | U.K. |
| 22 | Numbrs | $78.8M | $1.0B | Switzerland |
| 23 | Monese | $80.4M | $1.0B | U.K. |
| 24 | Worldremit | $407.7M | <$900M | U.K. |
| 25 | Ebury | $123.5M | >$900M | U.K. |
| 26 | Oodle Car Finance | £160M | >$850M | U.K. |
| 27 | Qonto | $151.5M | >$770M | France |
| 28 | Starling Bank | £363M | >$600M | U.K. |
| 29 | Atom Bank | £429M | $590M | U.K. |
| 30 | Raisin | $206M | <$550M | Germany |
| 31 | Tradeplus24 | $103.5M | >$550M | Switzerland |
| 32 | Kreditech | $347.5M | <$500M | Germany |
| 33 | Pleo | $78.8M | $500M | Denmark |
| 34 | Smava | $188.7M | $500M | Germany |
| 35 | Tink | $205.5M | >$500M | Sweden |
| 36 | Pagantis | €76.2M | >$400M | Spain |
| 37 | Gocardless | $122.3M | >$400M | U.K. |
| 38 | Wynd | $123.5M | >$400M | France |
| 39 | Moneyfarm | $127.3M | >$400M | U.K. |
| 40 | Soldo | $83.2M | >$400M | U.K. |
| 41 | Ratesetter | £43M | $360M | U.K. |
| 42 | solarisBank | €155.1M | $360M | Germany |
| 43 | Bitstamp | $12.4M | $350M | U.K. |
| 44 | Tinubu Square | €79.3M | >$350M | France |
| 45 | Nutmeg | $153.6M | $318M | U.K. |
| 46 | Banking Circle | N/A | $300M | Denmark |
| 47 | BIMA | $170.6M | $300M | Sweden |
| 48 | LendInvest | $1.3B | >$300M | U.K. |
| 49 | PayFit | $101.1M | >$280M | France |
| 50 | Curve | $74.2M | $250M | U.K. |
These companies have raised over $16.8B (€14.3B) in venture capital funding and are valued, collectively, at over $92B (€78B).
The U.K. fintechs are valued at nearly $40B (€34B). The Netherlands are second, all thanks to Ayden, the most valuable fintech in Europe.
The U.K. has also invested the most money, nearly $11B (€9.4B), almost 65% of the funding of these top 50 fintech companies. After the U.K., Germany and Sweden have invested the most with 12.9% ($2.1B / €1.78B) and 12.4% ($2.0B / €1.7B) of the overall funding, respectively.
Fintech Enablement in Europe
