The FinTech50, the first list in the world to recognize innovative European fintechs, has announced the 50 companies named to its 2020 list. Leaders from Silicon Valley Bank, Accel, Mastercard, Augmentum Fintech, Schroders, Xero and Commerzbank selected this year’s 50 from over 2000 European companies.
The 2020 50 features established brands, alongside 19 companies new to the list who reflect this year’s focus on innovation that is relevant at this time to people, business and financial services.
Identity, payments, open-banking, banking-as-a-service emerge, unsurprisingly, as hot spaces, alongside innovation that makes business easier (and finance available) at a challenging time for SMEs. In addition, alternative investing, pensions and savings, services that save consumers money on existing credit (rather than selling it at point of sale), the emerging data economy, sustainable finance, and making shareholder voices heard all feature.
This year’s list is in three parts: The Top Ten, The FinTech50, and The Hot Ten, which recognizes early-stage companies. This is to add nuance, rather than bundle together companies still in beta with those who have developed a global client base under one umbrella called ‘Fintech’.
Now in its eight year, The FinTech50 is an annual list selected by an international panel of experts from leading banks and insurance companies, VC investors, global tech companies, and fintech community leaders across Europe. Last year’s list received over 1M views worldwide