FinTech 50 2017 Funding 

 
 

FinTech50 2017 cos raise over $1bn since 1 June

European FinTechs listed on The FinTech50 in 2017 have raised a total of $1.075bn since 1 June 2017.

The grand total includes significant funding rounds for fast-growing banking alternatives Revolut ($71.3m), Monzo ($m) and Hot Ten listed 10X Banking ($46m). 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. 

In January 2018, BehavioSec secured a Series B round of $25.7m from Trident Capital Cybersecurity, ABN Amro, Cisco Investments, Octopus Ventures and Conor Venture Partners.

Median deal value is $24.2m (across seed, early and later stage). European Q3 median VC (later stage) deal size stood at $17.3m. 

Payments was the most funded area, followed by digital banking and security. The total excludes debt financing secured by IZettle, and Atom Bank, and undisclosed strategic investments by Intesa Sanpaolo in Iwocaby PayPal in Berlin-based Raisin and and undisclosed venture investment in Algomi.

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:

10X Banking $46mSeries A

Aire $5m Series A

BehavioSec $17.5M Series B

Bud $2.1m Seed

Cleo $2.6m Seed

Contego $3.5m Series A

Curve $10m Series A

Darktrace $75m Series D

Digital Shadows $26m Series C

Featurespace $16.5m

Kantox $6m Series C

Klarna $225m Private Equity

Monzo $93.26m Series D / Secondary Markets

Onfido $30m Series C

Paykey $10m Series B

Privitar $16m Series A

Railsbank $1.2m Seed

Revolut $71.3m Series B / Equity Crowdfunding

Scalable $33.5 Series B

Seedrs $14m / Equity Crowdfunding

Transferwise $280m, Series E

Zopa $41.8 Series E