Best Fintech Startups In The UK!

25 Best Fintech Startups In The UK That You Must Know!

  

Fintech has been the most prominent sector of emerging technology over the past couple of years. In 2017 the total global fintech funding surpassed $30B. And in the last three years fintech sector cashed in over $120B funding globally. And UK fintech companies are playing a major role in the revolution attracting a record £1.34 billion in funding in 2017.

 


 

The UK FinTech industry is fast becoming the #1 destination for disruptive innovation in financial services. Home to billion-dollar startups, challenger banks and a progressive regulatory regime, UK FinTech is having its moment in the sun.

 

UK is the Hub for fintech startups in EU. In 2017, fintech firms from the country has raised almost four times more funding than Germany (£694m) and more than France, Ireland and Sweden combined.

  

Here Are The List for the Best 25 Fintech Startups In The UK:

  

1. Funding Circle:

 

 

A peer-to-peer lending marketplace that allows investors to lend money directly to small and medium-sized businesses. Funding Circle is the world’s leading lending platform focused exclusively on small businesses, matching established and creditworthy businesses who want to borrow with investors who want to lend in the U.S., the U.K., and Continental Europe.

Year Founded: 2010

Total Funding: $413.2M in 8 funding rounds
Last Funding Type: Series F, on Jan 11, 2017
Valuation: $1B+, on Jan 11, 2017
Acquisitions: Acquired Zencap, Endurance Lending Network & LeapPay to date
Investments: 121 Rental, WIFIPLUG, EUROPE SHUTTLE & Indigo Clothing to date


Lead Investors: Accel Partners, Index Ventures, Temasek Holdings, DST Global, BlackRock & British Business Bank

  

2. Atom Bank:

 

 

A mobile banking application that offers a range of personal and business banking products. It is the UK’s first bank built for smartphone or tablet, without any branches. Atom Bank users can login using face and voice recognition and receive support from a 24/7 customer service team and the application, available on iPad and iPhone devices.

Year Founded: 2014

Total Funding: £369M in 5 Funding Rounds
Last Funding Type: Venture Round, on Mar 7, 2018
Valuation: £280M, on Mar 7, 2018
Acquisition: acquired Grasp Digital on Mar 8, 2016


Lead Investors: British Business Bank Investments & Banco Bilbao Vizcaya Argentaria

  

3. TransferWise:

 

 

TransferWise is an online money transfer service allowing private individuals and businesses to send money abroad without hidden charges. It lets expats, foreign students and businesses move money globally.

Year Founded: 2011

Total Funding: $396.4M in 7 funding rounds
Last Funding Type: Series E, on Nov 2, 2017
Valuation: $1.3B, on Nov 2, 2017


Lead Investors: Index Ventures, Andreessen Horowitz, Seedcamp, IVP (Institutional Venture Partners), IA Ventures, Valar Ventures, Baillie Gifford & Old Mutual Global Investors

  

4. LendInvest:

 

 

A non-banking mortgage lender and is a property lending and investing platform. LendInvest provides fast finance to property professionals and small and medium-sized businesses (SMEs) around the UK. It also makes it possible for individuals, corporates and institutions to invest in secured property loans originated and underwritten by its mortgage team.

Year Founded: 2012

Total Funding: £309M in 13 funding rounds
Last Funding Type: Debt Financing, on Feb 7, 2018


Lead Investors: Yogo Group, Atomico & Kunlun

  

5. Revolut:

 

 

A digital banking alternative that includes a pre-paid debit card, currency exchange, and peer-to-peer payments. Revolut currently charges no fees for the majority of its services, and uses the interbank rates for its currency exchange.

Year Founded: 2013

Total Funding: $86.45M in 8 Funding Rounds
Last Funding Type: Equity Crowdfunding, on Jul 30, 2017
Valuation: £300M, on Jul 11, 2017


Lead Investors: Index Ventures, Balderton Capital, TriplePoint Capital & Mastercard Start Path

  

6. Monzo:

 

 

Monzo (previously Mondo) is a bank for people who live their lives on their smartphones, and is targeted at people who want to get things done in a click and who don’t see the need for branches and cheque books. The company is focused on building the best current account in the world and ultimately working with a range of other providers so that Monzo can be an intelligent hub for your entire financial life.

Year Founded: 2015

Total Funding: £109M in 8 funding rounds
Last Funding Type: Equity Crowdfunding, on Nov 15, 2017
Valuation: $336M, on Nov 6, 2017


Lead Investors: Thrive Capital, Passion Capital & Goodwater Capital

  

7. iwoca:

 

 

An online FinTech company that offers credit facilities to small businesses trading in the UK, Poland, Spain, and Germany via an automated lending platform. iwoca offers a new type of credit facility for small businesses, allowing them to take advantage of opportunities previously only available to their larger peers.

Year Founded: 2011

Total Funding: $90M in 7 funding rounds
Last funding Type: Undisclosed, on Jul 11, 2017
Valuation: Unknown


Lead Investors: Acton Capital Partners, Prime Ventures, Talis Capital, CommerzVentures GmbH, Redline Capital, Shawbrook Bank & Beyond Digital Media

  

8. Starling Bank:

 

 

Starling Bank is a licensed mobile-only challenger bank that offers a personal current account with eligible deposits up to £85,000 protected by the FSCS. Customers are issued with a contactless Mastercard debit card. It is customer-first and mobile-only, designed for those people who live their lives on their mobile and would like to be able to manage their money there too.

Year Founded: 2014

Total Funding: $70M, in 1 funding round
Funding Type: Venture- Series Unknown, on Jan 11, 2016


Lead Investor: Harald McPike

  

9. Nutmeg:

 

 

An online investment service that specializes in investments, ISAs, and pensions. Nutmeg is changing the way people manage their money. Specialising in investments, ISAs and pensions, our online investment management service is intelligent, straightforward and fair.

Year Founded: 2010

Total Funding: $89.6M in 4 funding rounds
Last Funding Type: Series D, on Dec 22, 2016


Lead Investors: Pentech Ventures, Armada Investment AG, Convoy Investment Services & Taipei Fubon Bank

  

10. Currencycloud:

 

 

A global payment platform that serves businesses by providing technologies that makes payments frictionless. Currencycloud offers a cloud based platform which allows businesses to manage their flow of funds through it’s multi-currency wallet functionality and send money across borders in multiple currencies.

Year Founded: 2012

Total Funding: $68.1M in 7 funding rounds
Last Funding Type: “Debt Financing” on Jan 5, 2018


Lead Investors: GV, Atlas Venture, Sapphire Ventures, XAnge, Notion & Kreos Capital

  

11. GoCardless:

 

 

GoCardless is a UK based next generation payments company that makes collecting payments by Direct Debit easy for everyone from individuals to multi-national corporations. It offers simple and predictable pricing, quick set up and connectivity with your business applications and the direct debit networks around the world.

Year Founded: 2011

Total Funding: $47.3M in 6 funding rounds
Last Funding Type: Series D, on Sep 19, 2017


Lead Investors: Y Combinator, Accel Partners, SV Angel, Balderton Capital, Passion Capital, Notion & Start Fund

  

12. Azimo:

 

 

An online remittance service that offers a better way to transfer money worldwide. Azimo’s mission to make international money transfer cheaper, faster, simpler and easier to understand.

Year Founded: 2012

Total Funding: $46M in 4 funding rounds
Last Funding Type: Venture- Series Unknown, on May 5, 2016
Valuation: $100M on Jun 15, 2015


Lead Investors: Greycroft, Rakuten & Frog Capital

  

13. Tide:

 

 

Tide is a mobile-first banking service targeting small and medium enterprise customers. It makes running ​your​ business easier and saves you time.

Year Founded: 2015

Total Funding: $16M in 2 funding rounds
Last Funding Type: Series A, on Jul 4, 2017


Lead Investors: Anthemis Group, Creandum & Passion Capital

  

14. TrueLayer:

 

 

A fintech startup that is building financial apps that connect to bank data, verify accounts, and access transactions in real-time. TrueLayer allows developers to quickly meet security requirements, comply with their regulatory obligations, and gain access to data and payments, allowing them to focus their resources on developing innovative products and services.

Year Founded: 2016

Total Funding: $4.3M in 2 funding rounds
Last Funding Type: Series A, on Jun 21, 2017


Lead Investors: Anthemis Group & Connect Ventures

  

15. SETL:

 

 

A technology company that focuses on blockchain settlements and payments. SETL is an inititive to deploy a multi-asset, multi-currency institutional payment and settlements infrastructure based on blockchain technology. It’s system enables market participants to move cash and assets directly between each other, facilitating the immediate and final settlement of market transactions.

Year Founded: 2015

Total Funding: $39M in 3 funding rounds
Last Funding Type: Corporate Round, on Feb 1, 2018


Lead Investors: Credit Agricole CIB & Deloitte

  

16. Behavox:

 

 

Behavox is an enterprise platform that unifies all types of data into a single data lake, allowing users to query the data and apply machine learning to identify capital markets misconduct and insider threats. It is the People Analytics company, using AI to make companies smarter, more secure and more successful.

Year Founded: 2014

Total Funding: $21.4M in 4 funding rounds
Last Funding Type: Series B, on Nov 14, 2017


Lead Investors: Citigroup, Hoxton Ventures & Promus Ventures

  

17. Aire:

 

 

Aire is committed to helping people with the world of credit. It gives people a new credit score to help them qualify for essential financial products. It works with financial institutions by enhancing their ability to reach more customers and serve them responsibly.

Year Founded: 2014

Total Funding: $12M in 5 funding rounds
Last Funding Type: Series A, on Jul 22, 2017


Lead Investors: Sunstone Capital & White Star Capital

  

18. AimBrain:

 

 

A BIDaaS (biometric identity as-a-service) platform providing Cloud-based biometric authentication (voice, facial & behavioural). AimBrain’s approach to BIDaaS uniquely combines voice, facial and behavioural biometrics with cloud-based authentication to verify an identity, unlike traditional implementations of PINs, tokens and even fingerprints that simply confirm the link between the individual and the device.

Year Founded: 2014

Total Funding: £4.4M in 4 Funding Rounds
Last Funding Type: Series A, on Jun 19, 2017


Lead Investors: BGF Ventures & Episode 1

  

19. Squirrel:

 

 

Squirrel is a smart new way of budgeting and saving that helps you resist that temptation to spend. It is an award-winning banking app that helps people regain control of their finances. It has been featured on a number of media outlets including The Times, CNN, CNBC, Bloomberg, the Financial Times, The Sun, The Evening Standard, The Mail Online, WIRED and the Next Web among others.

Year Founded: 2014

Total Funding: $3.1M in 6 funding rounds
Last Funding Type: Equity Crowdfunding, on Dec 23, 2017


Investors: Kima Ventures, SparkLabs Global Ventures, Techstars & Wayra

  

20. Receipt Bank:

 

 

Receipt Bank is an awarding-winning service that extracts data from invoices and receipts and publishes it seamlessly into KashFlow, providing a near real time view of your accounts. It provides technology that unlocks the value of accounting data, automates the bookkeeping process and helps build more valuable accountant-client relationships.

Year Founded: 2010

Total Funding: $65M in 3 funding rounds
Last Funding Type: Series B, on Jul 20, 2017
Valuation: £300M on Jul 20, 2017


Lead Investors: Insight Venture Partners & Kennet Partners

  

21. Brolly:

 

 

An online and mobile application that offers insurance advisory services to its users. It is the UK’s first artificially intelligent insurance advisory application. Brolly’s application uses artificial intelligence to identify whether its users are over- or under-insured, whether they have duplicates or missing covers, or what covers they can get at a better price based on the information inputted.

Year Founded: 2016

Total Funding: £1M in 1 funding round
Last Funding: Seed Round, on Jul 27, 2017


Lead Investors: Valar Ventures & Pi Labs

  

22. Loot Financial Services:

 

 

Loot is a financial services company that provides an exciting new banking and money management app for students. It offers a prepaid Loot MasterCard in the United Kingdom which is an electronic money product that is ready to take abroad, as well as provides features, such as popcorn and plate icon transaction categorization, chart icon spending reports, instant notifications, and bill icon tailored offers to lower spending.

Year Founded: 2014

Total Funding: £6.2M in 3 funding rounds
Last Funding Type: Series B, on Dec 15, 2017


Lead Investors: Portag3 Ventures & Speedinvest

  

23. dopay:

 

 

dopay is a fintech startup that provides a cloud-based payroll service that allows employers to calculate salaries and make payments electronically. It breaks the cash cycle by offering a payroll and cash management service for companies. Employees receive a DoPay card and DoPay app, which give them a full banking experience.

Year Founded: 2014

Total Funding: $6.1M in 5 funding rounds
Last Funding Type: Venture – Series Unknown, on Jun 1, 2017


Lead Investors: Mastercard Start Path & Techstars Ventures

  

24. Ravelin:

 

 

An award-winning fraud detection and prevention platform for online merchants and the payments industry. Ravelin uses a combination of machine learning, graph networks and human insights to detect fraud before the sale happens, saving merchants millions in chargebacks, lost customers and reputational damage.

Year Founded: 2014

Total Funding: £4.3M in 3 funding rounds
Last Funding Type: Series A, on Oct 18, 2016


Lead Investor: Playfair Capital

  

25. Crowd2Fund:

 

 

Crowd2Fund is a crowdfunding application that enables business to get access to finance across debt and equity investments. The iOS powered app also allows savers and investors to build their ISA portfolio and manage existing investments.

Year Founded: 2014

Total Funding: £2.5M in 2 funding rounds
Last Funding Type: Series A, Apr 2, 2015
Investment: Made $2M investment to thesqua.re on Jan 7, 2016


Lead Investors: Unknown

   

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