FinTech 50 2017 Funding
FinTech50 2017 cos raise $989M since 1 June
European FinTechs listed on The FinTech50 in 2017 have raised a total of $989m since 1 June this year.
The grand total includes significant funding rounds for fast-growing banking alternatives Revolut ($71.3m), Monzo ($71m) and Hot Ten listed 10X Banking ($46,). Swedish e-commerce giant Klarna secured $225m private equity from Permira, in exchange for a 10% stake, as well as undisclosed rounds from Brightfolk and Visa.
With a median deal value of $26m (across seed, early and later stage) this year's listed companies outperformed the European Q3 median VC (later stage) deal size of £17.3m.
Payments was the most funded area, followed by digital banking and security. The June total excludes debt financing secured by IZettle, LendInvest and Atom Bank, and an undisclosed strategic investment by Intesa Sanpaolo in Iwoca
The full year (2017) total of disclosed investment for FinTech50, Hall of Fame and Hot Ten 2017 companies is $1.236 bn. Rounds raised before the list launched in June include Funding Circle ($100m Series F) and CurrencyCloud ($20m).
The FinTech50 2017 was launched in the first week of June 2017 and features 50 European FinTechs selected by an international panel of experts. It also includes 10 FinTech companies appointed to the Hall of Fame and 10 early-stage FinTechs on this year's Hot Ten. The list received over 100,000 views in its first week online.
The full list of funding rounds since June are:
Klarna $225m Private Equity
Monzo $93.26m Series D / Secondary Markets
Revolut $71.3m Series B / Equity Crowdfunding