June 13, 2018

Europe’s FinTech Firms Raised $3.13 Billion In the First 5 Months of 2018; UK Firms Scored 50% of the Funds

Financial technology firms in Europe raised ~$3.13 billion across 150 deals that took place between January 1, 2018, and May 31, 2018. In total, there were 165 deals, out of which 15 were of undisclosed amounts. The UK’s Paymentsense, Revolut, and Atom Bank, and well as French Lendix, were among the firms that raised the biggest amount of financing (counting in hundreds of millions of dollars). They are followed by Atom Bank, N26, PumaPay, eToro, and Oodle Car Finance. Companies from 24 European nations raised funds this year, with the UK having the most representation. Out of 165 deals, almost half (49%) were made by UK companies; 10% of companies that raised funds were from Germany, 7% from France, 4% from the Netherlands, and 4% from Sweden. Representing half of the companies involved in financing deals up to this point in 2018, UK companies also gathered the most money by…

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