Fintech companies are a relatively new breed of companies that use technology to offer financial services in innovative and efficient ways. These companies have disrupted traditional banking and finance sectors by providing consumers with a range of digital financial services, including online banking, investment management, and mobile payments.
In this article, we will take a look at the top 10 best Fintech companies in Europe and what makes them stand out in the competitive technology market.
- Revolut
Revolut is a fintech company that was founded in 2015 in London, UK. The company offers a range of financial services to its customers, including a digital banking app, international money transfers, and currency exchange services. The company’s mission is to provide a modern, low-cost alternative to traditional banks and financial institutions.
One of the key features of Revolut is its mobile app, which allows users to manage their finances on the go. The app offers a range of features, including the ability to open an account in minutes, add money via bank transfer or card payment, and send money to other Revolut users instantly.
Users can also use the app to make purchases online and in-store, withdraw cash from ATMs, and manage their finances using budgeting tools and alerts.
Another major feature of Revolut is its international money transfer service. Customers can send money to over 140 countries using the real exchange rate, which is updated every few seconds.
This means that customers can save money on fees and get more for their money when sending money abroad. Revolut also offers a range of other currency-related services, including a multi-currency account, which allows customers to hold and exchange up to 28 different currencies in their accounts.
Revolut’s success has been driven by its commitment to innovation and customer satisfaction. The company has won several awards for its mobile app and financial services, including Best Digital Bank and Best Money Transfer App. Revolut has also expanded rapidly since its founding, with over 15 million customers in over 35 countries around the world.
In addition to its consumer-focused services, Revolut has also expanded into the business banking sector. The company’s business accounts offer a range of features, including multi-currency accounts, corporate cards, and expense management tools. This has allowed Revolut to compete with traditional business banking providers and offer a modern, digital alternative to traditional banking services.
Overall, Revolut is an innovative and fast-growing fintech company that is disrupting the traditional banking and financial services sectors. Its mobile app, international money transfer service, and range of currency-related services have made it a popular choice for customers around the world. With its focus
2. N26
Headquartered in Berlin, Germany, N26 is a mobile banking platform that provides users with a range of banking services, including online accounts, virtual debit cards, and overdraft facilities.
N26 is a German-based digital bank and financial technology (fintech) company that offers mobile banking services to customers across Europe and the United States. Founded in 2013, N26 has quickly become one of the fastest-growing digital banks in the world, with over 7 million customers worldwide.
N26 offers a range of banking products and services, including personal and business accounts, debit cards, savings accounts, investment products, and insurance.
Customers can manage their accounts and finances entirely through the N26 mobile app, which offers a range of features such as real-time transaction notifications, budgeting tools, and instant money transfers.
One of N26’s key selling points is its focus on customer experience and user-friendly design. The app is designed to be simple and intuitive, with a clean and modern interface that makes it easy for customers to navigate and use.
N26 also prioritizes security and transparency, with features such as two-factor authentication, biometric login, and real-time transaction alerts to help customers stay on top of their finances and protect their accounts from fraud.
3. TransferWise – Based in London, UK, TransferWise is a money transfer platform that offers low-cost, fast international money transfers.
Founded in 2011 by two Estonian entrepreneurs, TransferWise has quickly become one of the most popular and successful fintech companies in the world, with over 10 million customers and more than $5 billion in monthly transfers.
TransferWise’s mission is to make international money transfers more affordable, transparent, and convenient for consumers and businesses. The company uses a peer-to-peer model, matching customers who want to transfer money between two different currencies and allowing them to exchange funds at the mid-market rate, which is the rate that banks use to trade currencies with each other.
This means that customers can avoid the hidden fees and markups charged by traditional banks and get a better exchange rate for their money.
TransferWise offers a range of services, including personal and business transfers, borderless accounts that allow customers to hold and manage multiple currencies, and a debit card that can be used to spend money abroad at the real exchange rate. The company’s platform is available in over 70 countries and supports more than 1,000 currency routes.
TransferWise is known for its commitment to transparency and customer experience. The company prides itself on providing clear and upfront pricing, excellent customer support, and a user-friendly platform that makes it easy for customers to transfer money and manage their accounts.
4. Adyen
Headquartered in Amsterdam, Netherlands, Adyen is a payments processing company that provides online and mobile payment services to businesses around the world.
Adyen is a Dutch fintech company that provides payment processing services for online and offline merchants. Founded in 2006, Adyen has quickly become one of the most popular and successful fintech companies in the world, with over 5,000 customers and more than $300 billion in transaction volume in 2020.
Adyen’s platform allows merchants to accept payments from customers around the world in over 200 different payment methods and currencies. The company’s technology supports everything from credit and debit card payments to digital wallets, bank transfers, and mobile payments. Adyen’s platform also offers a range of other services, such as fraud prevention, recurring billing, and detailed reporting and analytics.
One of Adyen’s key selling points is its focus on innovation and flexibility. The company is constantly developing new features and capabilities to help merchants improve their payment processing and stay ahead of the competition. Adyen also offers a range of customization options and APIs that allow merchants to tailor their payment processing to their specific needs.
Adyen is known for its commitment to security and compliance. The company is certified to the highest industry standards for data security and fraud prevention, and its platform is designed to help merchants stay compliant with the latest regulations and requirements.
Overall, Adyen is a leading fintech company that is transforming the payments industry with its innovative technology, global reach, and commitment to security and compliance.
4. Klarna
Based in Stockholm, Sweden, Klarna is a payment and shopping platform that offers customers flexible payment options and a seamless shopping experience.
Klarna also offers a variety of other services such as installment payments, point-of-sale financing, and consumer credit. Klarna’s payment solution works by offering consumers the option to buy now and pay later.
Customers can select Klarna as their payment method at checkout and then choose to either pay in full 30 days after the purchase or in installments over a period of time. This model has been successful in increasing sales for merchants and providing convenience for consumers.
In addition to its payment solution, Klarna offers a range of other services that help merchants increase sales and improve the customer experience. For example, Klarna’s “Slice it” feature allows customers to split their purchases into monthly payments, while its “Pay in 4” feature lets customers pay for purchases in four equal installments.
Klarna is now one of the largest fintech companies in Europe, with a valuation of over $31 billion as of September 2021. The company operates in 17 countries and has partnerships with more than 250,000 merchants worldwide.
Klarna’s success is largely due to its commitment to innovation and its ability to offer consumers and merchants simple, transparent, and flexible financial services.
5. Monzo – Headquartered in London, UK, Monzo is a digital bank that offers users a range of banking services, including savings accounts, overdraft facilities, and budgeting tools.
Monzo is a UK-based digital bank and fintech company that provides mobile banking services to customers in the UK and Europe. Founded in 2015, Monzo has quickly become one of the fastest-growing banks in the UK, with over 4 million customers and a valuation of over $1 billion.
Monzo’s mobile app allows customers to manage their accounts and finances entirely through their smartphones. The app offers a range of features such as real-time transaction notifications, budgeting tools, and instant money transfers. Monzo also offers a range of banking products and services, including personal and business accounts, savings accounts, and investment products.
One of Monzo’s key selling points is its focus on customer experience and user-friendly design. The app is designed to be simple and intuitive, with a clean and modern interface that makes it easy for customers to navigate and use. Monzo also offers excellent customer support, with a team of friendly and knowledgeable agents available to help customers with any questions or issues they may have.
Monzo is known for its commitment to transparency and ethical banking. The company is a certified B-Corp, which means that it meets high standards for social and environmental performance, accountability, and transparency. Monzo also offers a range of features to help customers stay on top of their finances and avoid hidden fees and charges.
Overall, Monzo is a leading fintech company that is revolutionizing the banking industry with its focus on customer experience, transparency, and ethical banking practices.
6. Checkout.com
Based in London, UK, Checkout.com is a payments processing company that provides online businesses with a range of payment options, including credit and debit card payments, e-wallets, and bank transfers.
Checkout.com is a UK-based fintech company that provides online payment processing services for merchants around the world. Founded in 2012, Checkout.com has quickly become one of the fastest-growing fintech companies in the world, with over 1,000 employees and a valuation of over $15 billion.
Checkout.com’s platform allows merchants to accept payments from customers in over 150 different currencies and payment methods. The company’s technology supports everything from credit and debit card payments to digital wallets, bank transfers, and local payment methods.
Checkout.com’s platform also offers a range of other services, such as fraud prevention, recurring billing, and detailed reporting and analytics.
One of Checkout.com’s key selling points is its focus on innovation and flexibility. The company is constantly developing new features and capabilities to help merchants improve their payment processing and stay ahead of the competition.
Checkout.com also offers a range of customization options and APIs that allow merchants to tailor their payment processing to their specific needs.
Checkout.com is known for its commitment to security and compliance. The company is certified to the highest industry standards for data security and fraud prevention, and its platform is designed to help merchants stay compliant with the latest regulations and requirements.
Overall, Checkout.com is a leading fintech company that is transforming the payments industry with its innovative technology, global reach, and commitment to security and compliance.
7. TransferGo
Headquartered in London, UK, TransferGo is a money transfer platform that offers low-cost, fast international money transfers.
TransferGo is a UK-based fintech company that provides international money transfer services for individuals and businesses. Founded in 2012, TransferGo has quickly become one of the fastest-growing fintech companies in Europe, with over 2 million customers and a presence in over 45 countries.
TransferGo’s platform allows customers to send money to over 100 countries in more than 60 different currencies. The company’s technology supports everything from bank transfers and digital wallets to mobile payments and cash pickups. TransferGo’s platform also offers a range of other services, such as real-time transaction tracking, low fees, and excellent customer support.
One of TransferGo’s key selling points is its focus on affordability and convenience. The company offers some of the lowest fees and exchange rates in the industry, making it an excellent choice for customers who want to save money on their international transfers. TransferGo also prides itself on its user-friendly platform, which is designed to be simple and easy to use, even for customers who are new to international money transfers.
It is known for its commitment to transparency and customer service. The company provides clear and upfront pricing, with no hidden fees or charges. TransferGo also offers excellent customer support, with a team of knowledgeable and friendly agents available to help customers with any questions or issues they may have.
Overall, TransferGo is a leading fintech company that is revolutionizing the international money transfer industry with its focus on affordability, convenience, and excellent customer service.
8. Qonto
Based in Paris, France, Qonto is a digital banking platform that provides businesses with online banking services, including payments, expense tracking, and financial reporting.
Qonto is a French-based fintech company that provides banking services for small and medium-sized businesses (SMBs) in Europe. Founded in 2016, Qonto has quickly become one of the leading digital banks for SMBs in Europe, with over 150,000 customers in France, Germany, Italy, Spain, and other European countries.
Qonto’s platform allows SMBs to open an account in just a few minutes and manage their finances online or via a mobile app. The company’s technology supports everything from invoicing and expense tracking to payroll and tax management.
Qonto’s platform also offers a range of other services, such as multi-user access, real-time notifications, and expense reporting.
One of Qonto’s key selling points is its focus on simplicity and user experience. The company’s platform is designed to be intuitive and easy to use, even for SMBs with limited financial expertise. Qonto also offers excellent customer support, with a team of dedicated agents available to help customers with any questions or issues they may have.
Qonto is known for its commitment to security and compliance. The company is licensed by the French banking regulator and uses state-of-the-art encryption and authentication technology to protect its customers’ data and transactions. Qonto also offers a range of fraud prevention tools and features to help SMBs stay safe and secure.
Overall, Qonto is a leading fintech company that is transforming the banking industry for SMBs with its innovative technology, user-friendly platform, and commitment to security and compliance.
9. Scalable Capital:
Headquartered in Munich, Germany, Scalable Capital is a digital investment management platform that provides customers with access to a range of investment products, including ETFs and individual portfolios
Founded in 2014, Scalable Capital has quickly become one of the fastest-growing digital investment platforms in Europe, with over 100,000 clients and €5 billion in assets under management.
Scalable Capital’s platform allows clients to invest in a range of portfolios, including stocks, bonds, and commodities, using a range of investment strategies and risk levels. The company’s technology uses sophisticated algorithms and machine learning to optimize portfolios and reduce risk, making it an attractive choice for clients who want to invest in a smart and efficient way.
One of Scalable Capital’s key selling points is its focus on transparency and low fees. The company provides clear and upfront pricing, with no hidden fees or charges. Scalable Capital also offers a range of tools and resources to help clients understand their investments and make informed decisions.
Scalable Capital is known for its commitment to innovation and technology. The company’s platform uses the latest advances in artificial intelligence and machine learning to optimize portfolios and deliver superior investment performance. Scalable Capital also offers a range of customization options and APIs that allow institutions to tailor their investment management to their specific needs.
Overall, Scalable Capital is a leading fintech company that is transforming the investment management industry with its innovative technology, transparent pricing, and commitment to client satisfaction.
