Top Europe 2023

Europe holds the position of the birthplace of fintech, primarily due to its global leadership in financial institutions and marketplaces. Fintech startups in Europe boast twice the value of any other tech sector.

The database comprises around 800 fintech companies in Europe itself, with 330 based in the UK, 96 in Germany, 66 in France, and 55 in Switzerland.

The UK

The UK fintech startup landscape has been thriving in recent years, with numerous startups and established companies alike leading the way in innovation and technological advancements in financial services. The UK fintech sector attracted a record-breaking US $5.3 billion in investment in 2020, despite the challenges posed by the COVID-19 pandemic. Despite a difficult global market, the UK has demonstrated its strength as a leading location for investment in FinTech, with $12.5 billion of FinTech venture capital investment received in 2022. And $8.9 billion of this amount was invested during the first half of 2022. However, the total investment for the full year reflects an 8% decline from 2021, when UK FinTech investments reached a record high of $13.5 billion.

One notable trend in the UK fintech startup landscape is the rise of challenger banks, such as Monzo, Starling, and Revolut. These companies have disrupted traditional banking models by offering mobile-first, user-friendly banking services with no fees or minimum balances. Another area of growth in the UK fintech startup landscape is in the insurance sector, with insurtech startups such as Zego and Honcho offering innovative solutions to traditional insurance challenges. The UK fintech startup landscape has also seen a rise in companies focused on sustainable finance, with startups such as Chip and Plum offering ethical investment options and carbon offsetting services.

https://assets.kpmg.com/content/dam/kpmg/xx/pdf/2023/02/pulse-of-fintech-h2-22-web-file.pdf

Overall, the UK fintech startup landscape is a dynamic and innovative ecosystem that continues to attract significant investment and produce groundbreaking solutions to traditional financial challenges. With the support of the UK government and a highly skilled workforce, it is likely that the UK fintech sector will continue to thrive in the years to come.

, British Business Investments, Atalaya Capital, Warwick Capital LLP

JPMorgan Partners (JPMP), Banking Competition Remedies, Tiger Global Management, American Express Ventures, PayPal Ventures, Capability and Innovation Fund, Index Ventures United Kingdom / Europe

General Atlantic, FIS Impact Ventures, PayPal Ventures, Highland Europe, Capability and Innovation Fund, Blenheim Chalcot, Frog Capital, Blenheim Chalcot

Bristol, City of, United Kingdom

Amazon, SOFTBANK Latin America Ventures, Headline, Redpoint eventures United Kingdom / Europe

EQT Ventures, TriplePoint Capital, Balderton Capital, LocalGlobe United Kingdom / Europe

United Kingdom / Europe f

Lakestar, Mouro Capital, Global Founders Capital

TransUnion, TDR Capital, Goldman Sachs, HSBC, Banco Sabadell, Outward VC

United Kingdom / Europe

United Kingdom / Europe

United Kingdom / Europe

Growth, Accel, Balderton Capital, Seedcamp

Dai-ichi Life, Target Global, Creandum, LocalGlobe

Temasek Holdings, Battery Ventures, Dawn Capital, Silicon Valley Bank, Accel

WestCap, Blumberg Capital, Maverick Ventures Israel, Target Global, Rhodium