FinTech50 2017 cos raise $616M since 1 June

European FinTechs listed on The FinTech50 in 2017 have raised a total of $616m since 1 June this year.

The grand total includes significant funding rounds for fast-growing banking alternative Revolut ($66m), cyber security heavyweight Darktrace ($75m) 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 $16m (across seed, early and later stage) this year's listed companies slightly outperformed the European Q2 median VC (later stage) deal size of £15.9m. 

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 $956m. Rounds raised before the list launched in June include Atom Bank ($83m) Funding Circle ($100m) 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 

The full list of funding rounds since June are:

10X Banking $46mSeries A

Aire $5m Series A

Cleo $2.6mSeed

Contego $3.5m Series A

Curve $10m Series A

Darktrace $75m Series D

Digital Shadows $26m Series C

Kantox $6m Series C

Klarna $225m Private Equity

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

Zopa $41.8 Series E