FinTech is getting much popularity in every part of the world. Europe is one of the regions of the world where FinTech is emerging by every passing year. FinTech has provided opportunities to the people and that is the reason there are thousands of fintech startups investing in this industry to get the benefits of FinTech. Here we will get to know the top fintech companies in Europe that are providing the great financial services to their customers.
Klarna is the company founded in 2005, is the most valuable and popular fintech firm of Europe. It provides financial services such as payment solutions for online stores, credit payments and debt collection etc. Klarna provides payment solutions for the e-commerce sites, retailers and it eliminates the risks for both buyer and seller. It was reportedly worth $2.5 billion as of 2015.
A company founded in 2006, Adyen is the global payment platform that allows businesses to receive mobile, point-of-sale and ecommerce payments. It provides merchants to accept electronic payments through payment methods including debit cards, credit cards, and bank transfer, and real-time bank transfer through online banking. Adyen reportedly worth $2.3 billion as of 2016.
Launched in 2011, Transferwise is a money transfer service that allows people to send money overseas via online. It supports multi-currency accounts and also more than 300 currency routes all over the world. Transferwise takes small commissions while using inter-bank mid exchange rate unlike the case with traditional currency transfer where broker gets the difference of buy and sell rates. By being cheap and taking easy approach, Transferwise has disrupted the banks in online payments. It reportedly worth $1.3 billion as of 2017.
A company founded in 2010, it is the Peer-To-Peer (P2P) Lending platform that allows investors to directly lend money to SMEs (Small and Medium-Sized Enterprises). Initially operating in UK, it was the first platform to use the process of P2P (Peer-To-Peer) funding, and now it has expanded to other countries including US, Spain, Germany, Netherlands. It has funded more than $2.2 billion to the SMEs as of 2017.
Launched in 2010, iZettle is the platform for small businesses. It provides range of financial services or products including point of sales, payments, funding and partner applications. iZettle was the first company which had provided the card reader that works with our smartphone and tablet. It has raised the funding up to $63 million as of 2017.
It is a platform based on online money transfer that offers international remittance services to the migrants or expatriates. WorldRemit service is available in more than 50 countries including Asia, Europe, Australia, Africa and US. It was reportedly worth $50 million as of 2017.