You have successfully emailed the post. Financial technology — also known as fintech — is one of the hottest areas of investment at the moment and Britain is at the forefront. 5ths of all fintech investment in Europe last year, according to Accenture. Startups are beating the banks by offering ben reeves bitcoin, quicker, online services — and both investors and users love it.
We asked some of Britain’s top venture capitalists who they thought were the most exciting fintech businesses out there right now and supplemented the list with some of our own personal favourites. Founded by former UBS bankers, Algomi has created a social network for the bond market that connects those who want to sell with those who want to buy. Prior to Algomi, this was done through speculative phone calls wasting a lot of time. It’s service is currently used by nine banks, including some of the world’s biggest. The startup, founded in 2012, has offices in New York, Hong Kong, San Francisco and Chicago, and is planning a major push into the US.
Currency Cloud software plugs into businesses’ systems and lets them send money internationally in a simpler and cheaper way than banks do. Then it crunches through all this and presents it in an easy to understand way, letting you see information on companies and their directors. Stripe, Unicef, and private equity houses like HG Capital and Providence Equity. As well as due diligence, companies use it for research and lead generation.
Christoph Rieche, left, and James Dear. The company was founded by 2 ex-investment bankers — Goldman Sachs alum Christoph Rieche, now CEO, and James Dear, iwoca’s CTO who was previously at Deutsche Bank. Seedrs — a crowdfunding equity investment platform. Seedrs co-founder and CEO Jeff Lynn.