The Financial Times (FT) has released its annual FT1000: Europe’s Fastest Growing Companies ranking, showcasing the continent’s fastest-expanding businesses. Among the 1,000 companies on the 2025 list, 64 operate within the fintech, financial services, and insurance sectors.
Compiled with data research company Statista, FT1000 ranks companies based on the highest compound annual growth rate (CAGR) in revenue from 2020 to 2023.
To qualify, companies needed to meet several criteria, including generating at least EUR 100,000 in revenue in 2020 and at least EUR 1.5 million in 2023, with revenue growth being organic. They had to be an independent company, and be headquartered in an European country.
In this year’s FT1000 edition, the IT and software category represents a fifth of the list. When combined with sectors like construction and engineering; energy and utilities; advertising and marketing; and fintech, financial services and insurance, this group makes up half of the ranking.
Among the 64 fintech, financial and insurance companies featured in the FT1000: Europe’s Fastest Growing Companies 2025, we look today at the top 10 companies of the category, highlighting their value propositions and recent strides.
These ventures operate across various verticals, including payments, embedded finance and digital banking, and come from countries such as the UK, France and Italy. They’ve recorded strong growth over the past years and are well-positioned for continued success in the year ahead.
The fastest-growing fintechs in Europe between 2020 and 2023
Allica Bank (UK) – 652% CAGR
Allica Bank, a UK challenger bank launched in 2019, was Europe’s fastest-growing fintech and the second fastest-growing company across all sectors. The company’s revenue surged from EUR 228,102 in 2020 to EUR 100 million in 2023, marking a CAGR of 652%.
Headquartered in London and Milton Keynes, Allica Bank offers a range of lending, savings and current account products to UK small and medium-sized businesses (SMEs). The bank reached profitability in 2023 and surpassed GBP 3 billion in lending and GBP 4 billion in deposits.
Allica Bank was recently named the UK’s fastest-growing company in The Sunday Times’ Top 100 for 2024, topped Deloitte’s Fast 50 for a second consecutive year. In December 2024, it was also named the fastest-growing startup in Europe by Sifted, with a CAGR in revenue of 1,438% between 2020 and 2022.
Allica Bank aims to gain a 10% SME market share in the next five years.
Zilch (UK) – 327.2% CAGR
Zilch, a UK-based payment startup, was Europe’s second fastest-growing fintech and the 11th fastest-growing company overall between 2020 and 2023. The company’s revenue soared from EUR 819,020 to EUR 65.9 million during the period, marking a CAGR of 327.2%.
Founded in 2020, Zilch is a multi-award-winning pioneer of the world’s first direct-to-consumer, ad-subsidized payments network (ASPN). The company offers customers up to 5% cashback on debit payments and interest-free credit repayment options. In the process, it helps customers build their credit profiles with the major credit agencies.
As of January 2025, Zilch had surpassed 4.5 million customers, GBP 145 million revenue run rate and exceeded GBP 3.6 billion in total sales to date for retailers. The company achieved first-month profitability in July 2024.
Chip (UK) – 325.1% CAGR
Chip, a UK-based wealth app, was Europe’s third fastest-growing fintech and the 12th fastest-growing company overall between 2020 and 2023. The company’s revenue increased from EUR 219,673 to EUR 17.4 million during the period, marking a CAGR of 325.1%.
Founded in 2017, Chip helps users build long-term wealth by offering savings and investment options in one place. It aims to simplify wealth management, using technology to break down barriers so that its customers can invest like the ultra-wealthy.
Chip has won a few awards on the way, including British Bank Awards: Best Personal Finance App 2022 and Finder Awards: Best Savings Provider 2023. The company claims 500,000 registered users.
Switcho (Italy) – 252.1% CAGR
Switcho, an Italian personal financial management startup, was Europe’s fourth fastest-growing fintech and the 26th fastest-growing company overall between 2020 and 2023. The company’s revenue rose from EUR 137,683 to EUR 6 million during the period, marking a CAGR of 252.1%.
Founded in 2019, Switcho is the free service that allows users to save on their expenses, especially on electricity and gas bills, home Internet, mobile telephony and car insurance. The platform finds the best deals and handles the bureaucracy of changing suppliers, all without using call centers, in a few clicks and for free.
Switcho collaborates with nine of the largest Italian banks that have chosen to integrate the offer into their apps and proprietary channels. The same collaboration model has also been implemented with more than 200 fintech companies and real estate agencies.
Switcho claims more than 1.1 million registered users, over 1.4 million bills analyzed, and EUR 281 million in proposed savings.
The startup was acquired in July 2024 by Mavriq to drive its next growth phase.
Jeff App (Latvia) – 237.5% CAGR
Jeff App, a Latvian credit scoring startup, was Europe’s fifth fastest-growing fintech and the 28th fastest-growing company overall between 2020 and 2023. The company’s revenue rose from EUR 155,982 to EUR 6.6 million during the period, marking a CAGR of 237.5%.
Founded in 2019, Jeff App aims to bridge the gap between financial service providers and their potential clients. Conventionally, relationships in the financial sector have been based on client credit history, but many people don’t have one. To solve this problem, Jeff App has developed an innovative client assessment system that uses alternative data, making financial services more accessible to a wider range of consumers.
Since its launch in Vietnam in 2020, Jeff App has expanded to the Philippines, Mexico, and Indonesia, aiming to become a multifunctional mobile platform encompassing insurance, e-commerce, and financial services. Its ultimate goal is for Jeff App’s credit scoring to become an industry standard.
Jeff App is now actively working on entering new markets and expanding the range of services offered on its platform. With over 9 million users, the company has set the ambitious goal of reaching EUR 100 million in turnover over the next couple of years.
In 2024, Sifted ranked Jeff App as the fastest-growing startup in Eastern Europe and the Baltics in its Sifted 30 study. In addition, in 2023, it secured 9th place in the Sifted 250, making it the only Eastern European or Baltic company in the top 10. Jeff App also ranked 3rd in Deloitte’s Technology Fast 50 Central Europe, the highest position ever achieved by a Latvian company in this program.
Aria (France) – 234.6% CAGR
Aria, a French payment startup, was Europe’s sixth fastest-growing fintech and the 31st fastest-growing company overall between 2020 and 2023. The company’s revenue increased from EUR 163,651 to EUR 6.1 million during the period, marking a CAGR of 234.6%.
Founded in 2020, Aria provides a flexible payments infrastructure that helps leading software platforms and their users move money globally. Tailored for business-to-business (B2B) marketplaces, vertical software-as-a-service (SaaS), and enterprise software, the solution aims to simplify the payment process for businesses, enabling clients of all sizes to pay their partners and vendors instantly, and access products such as invoice financing and flexible payment terms.
In 2023, Aria secured a EUR 15 million Series A funding round led by 13books Capital. That same year, it launched in the UK, a market which now accounts for around 40% of its revenues.
Wallester (Estonia) – 206.5% CAGR
Wallester, an Estonian fintech venture, was Europe’s seventh fastest-growing fintech and the 48th fastest-growing company overall between 2020 and 2023. The company’s revenue rose from EUR 317,380 to EUR 9.14 million during the period, marking a CAGR of 206.5%.
Wallester is an Estonian-licensed financial institution and an official Visa partner since 2018, specializing in innovative digital financial solutions and card issuance. Wallester empowers companies across the European Economic Area (EEA) and the UK to streamline payments, launch branded cards, and scale efficiently.
Wallester provides a white-label solution which enables businesses to integrate financial services directly into their platforms. This allows companies to launch branded payment cards tailored to their specific needs, enhancing customer experiences and opening new revenue streams.
Wallester also offers Wallester Business, a platform designed to modernize corporate expense management. This platform provides companies with instant access to virtual and physical Visa cards, streamlining financial processes through a modern app and comprehensive portal. Features include expense tracking, budget analytics, and seamless integration with accounting systems to enhance financial oversight and efficiency.
Finanza.tech (Italy) – 177.6% CAGR
Finanza.tech, an Italian fintech firm, was Europe’s eighth fastest-growing fintech and the 82nd fastest-growing company overall between 2020 and 2023. The company’s revenue increased from EUR 466,612 to EUR 9.99 million during the period, marking a CAGR of 177.6%.
Finanza.tech is a fintech company specialized in corporate finance with medium size companies as main target. It offers advisory services for both ordinary and extraordinary corporate finance operations, enhancing resource allocation and competitiveness in the markets it serves.
Moneybox (UK) – 148.3% CAGR
Moneybox, a digital wealth management platform from the UK, was Europe’s ninth fastest-growing fintech and the 110th fastest-growing company overall between 2020 and 2023. The company’s revenue increased from EUR 5.6 million in 2020 to EUR 89.1 million in 2023, marking a CAGR of 148.3%.
Founded in 2015, Moneybox is a digital platform that combines saving, investing, home-buying, and retirement services to help users achieve financial goals with ease. The company provides services including stocks and shares Individual Savings Accounts (ISAs), lifetime ISAs and pension products, supporting more than 1 million customers across the UK.
In November 2024, Moneybox secured 23rd position in Deloitte’s UK Technology Fast 50, marking its fifth consecutive appearance in the rankings. At the time, the startup had surpassed GBP 10 billion in assets under administration (AUA), and GBP 615 million in net deposits, the latter metric representing a 143% increase compared to the same period in 2023.
Titanbay (UK) – 143.6% CAGR
Titanbay, a financial infrastructure provider from the UK, was Europe’s tenth fastest-growing fintech and the 112th fastest-growing company overall between 2020 and 2023. The company’s revenue increased from EUR 126,261 to EUR 1.9 million during the period, marking a CAGR of 143.6%.
Founded in 2019, Titanbay aims to bridge the gap between distributors and asset managers in private markets. The company’s platform connects wealth firms, financial institutions, and general partners (GPs) to private market opportunities, offering technology-driven solutions that simplify investment operations, from onboarding to reporting.
Titanbay’s growth has been remarkable, surpassing US$1 billion in assets under management (AUM) in October 2024, achieving sixfold year-over-year (YoY) growth, securing 30 strategic partnerships, and expanding its coverage to 41 countries.
Featured image credit: edited from freepik
