The Most Well-Funded Fintech Startup in Each Country in Europe

The Most Well-Funded Fintech Startup in Each Country in Europe

by February 3, 2021
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In Europe, fintech is the largest investment category, receiving more than EUR 30 billions of venture capital (VC) investment since 2014, ahead of health (EUR 29B), enterprise software (EUR 27B) and transportation (EUR 12B), data from Dealroom show.

An analysis by Tech.eu and Finstar suggests that the region’s fintech industry has been maturing quickly over the past years, with deal sizes significantly growing, and early-stage rounds becoming fewer. Between 2018 and 2019, the size of financing rounds for fintech companies more than doubled from EUR 11 million to EUR 25.5 million. In the same timeframe, the number of EUR 100 million+ fintech financing deals in Europe increased by 5X.

Fintech is such a hot segment in Europe’s startup scene that for countries including Sweden, Italy, Romania, Cyprus, Latvia and Slovenia, the most well-funded tech startup is actually a fintech, CB Insights data show.


In Sweden, the top-funded tech startup is Klarna, a company that offers a “buy now, pay later” e-commerce solution. In Italy, it’s Satispay, a smart payment platform; in Latvia, it’s peer-to-peer lending marketplace Mintos; in Slovenia, it’s blockchain-based payment network Eligma; in Cyprus, it’s trading app Capital.com; and in Romania, it’s FintechOS, the provider of digital banking and insurance solutions.

To get a sense of the region’s fintech leaders, we used data from CB Insights, Sifted, Tech.eu, Finstar, Raiffeisen Bank International, Statista, Dealroom and Crunchbase, to identity the rest of Europe’s most well-funded fintech companies. For each country in the region, we identified the fintech that raised the most funding. For some nations, including Albania, Croatia, and Malta, we weren’t able to identify the top-funded fintech company due to lack of available data.

The most well-funded fintech startup in each country in Europe are:

Sweden: Klarna (EUR1.6B)

Klarna

UK: Greensill (EUR 1.6B)

Greensill

Germany: N26 (EUR 711 million)

N26

Ireland: Fenergo (EUR 211M)

Fenergo

Switzerland: Numbrs (EUR 205M)

Numbrs

Netherlands: BitFury Group (EUR 182M)

bitpanda

France: Younited Credit (EUR 172M)

Younited Credit

Italy: Satispay (EUR 155M)

Satispay

Portugal: Liqui.do (EUR 150M)

Liqui.do

Denmark: Lunar (EUR 108M)

Lunar

Spain: Pagantis (EUR 76M)

Pagantis

Finland: Mash (EUR 63M)

Mash

Czech Republic: Twisto (EUR 50.5M)

Twisto

Austria: Bitpanda (EUR 47.3M)

bitpanda

Belgium: Clear2Pay (EUR 46.2M)

clear2pay

Poland: Creamfinance (EUR 27.8M)

Creamfinance

Luxembourg: HQLAx (EUR 24.4M)

HQLAx

Bulgaria: Cash Credit (EUR 22.7M)

Cash Credit

Cyprus: Capital.com (EUR 22.7M)

Capital.com

Estonia: Veriff (EUR 21.2M)

Veriff

Hungary: Bitrise (EUR 19M)

Bitrise

Norway: Aprila (EUR 18.7M)

Aprila

Greece: Hellas Direct (EUR 14.3M)

Hellas Direct

Latvia: Mintos (EUR 14.2M)

Mintos

Romania: FintechOS (US$13M)

FintechOS

Slovakia: Minit (EUR 10.3M)

Minit

Slovenia: Eligma (EUR 3.6M)

Eligma

Lithuania: Kevin. (EUR 3.4M)

Klarna

Ukraine: MyCredit (EUR 2.7M)

MyCredit

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