FinTech50 2018 Funding 

 

FinTech50 Funding - from June 2018

This index tracks the funding (excluding debt) for The FinTech50 2018, Hall of Fame and Hot Ten companies. 

In the six months since launch they have collectively raised $781.1M. There have been 2 IPOs (Adyen and FundingCircle) and three undisclosed rounds. Most notable (January 2019) is Berlin-based N26’s Series D round of $300m, giving it a valuation of $2.7bn.

In October, Monzo secured its £85M ($109,543M) Series E investment from seven investors, including Accel, Passion Capital and General Catalyst, in addition to Stripe. And followed with an Equity Crowdfund of $25.5m (£20m) in December. Meanwhile Luxembourg-headquartered Mash announced the European sector’s first STO (Security Token Offering).

Median deal value for the 2018 list currently (1 Nov 2018) stands at $53M (across seed, early and later stage). Average deal value across companies is $47.5M.

Venture funding at Jan 2019

N26: $300m, Series D - GIC, Insight Venture Partners

Monzo: $134.5M: combined $109.5m (£85M), Series E - 7 investors, incl Accel, General Catalyst / $25.5 (£20m) Equity Crowdfund, Dec 2018.

OakNorth: $100M, Series B, September - Lead investors, Clermont Group, NIBC Bank, EDBI, GIC, Coltrane Asset Management

Zopa: $77.3m, Series G, Wadhawan Global Capital, Forward Partners

Monese: $60M, Series B, September - Lead investor, Kinnevik

MASH: $59.9M (€50M), Venture + STO

Zopa: $56.9M Venture Round, August 2018

Darktrace: $50M Series E, Sept 2018, Vitruvian Partners

Klarna: $20M Corporate round, Oct 2018, H&M Clothing

Starling Bank: $12.7m, Nov 2018

Truelayer: $7.5M, Series A, August 2018 - Lead Investor, Northzone

Previse: $7M, Series A - Lead investor: Augmentum FinTech

AQMetrics: $3M, Venture round, December 2018: Frontline Ventures, Bluff Point

Railsbank: €100k Grant

Governance.com: Series A (undisclosed) Sept 2018