The top 10 FinTech companies of 2017
The FinTech 50 2017 list has been announced and 10x Banking, the startup of Antony Jenkins CA, has made it onto the 'Hot Ten' list.
The UK seems to be leading the way in FinTech innovation, with the majority of the companies listed being based in Britain. London FinTechs make up over half of the list again this year, beating off entrants from Sweden, Germany, Iceland, Switzerland and Israel.
The 'Hot Ten' list comprises 10 startups to watch in 2017, with 10x Banking, the startup of Antony Jenkins CA, featuring on this year's list.
The Hall of Fame features businesses that have demonstrated true staying power and continued innovation, with many featuring in the FinTech50 every year.
Hall of Fame:
Founded in 2006 by a team of payment professionals, Adyen now has 300 employees across six continents. They provide payment solutions to over 4,500 customers, including Facebook, Airbnb, Netflix and Spotify.
Operating in 212 countries with over 125 platform customers and 150,000 end customers, Currency Cloud has grown dramatically since its launch in 2012. The company now processes over $10bn (£7.1bn) every year.
eToro created the first global marketplace for people to trade currencies, commodities, indices and CFD stocks online. With offices in the UK, Cyprus and Israel, the company has over 4.5 million users in more than 170 countries.
With over £1.3bn lent to 15,000 businesses in the UK, USA, Germany, Spain and the Netherlands, Funding Circle has established itself as one of the world's leading marketplaces focused on small businesses. In the UK alone the firm has more than 40,000 investors in the Government, local councils and universities.
iZettle helps customers to run their business from their smartphone or tablet by providing Bluetooth connected card readers and cash registers. After receiving around £48m of funding last year, the Swedish company plans to move into small business financing.
Another Swedish company, Klarna is a payment solution provider. Founded in 2005, the Klarna Group has more than 1,400 employees serving around 45 million customers and 65,000 merchants.
Nutmeg is the UK's first online discretionary investment management company. Since its launch in 2011, it has plans of offering an automated advice service in 2016 and has announced that the Financial Conduct Authority has granted it permission to carry out regulated investment advice.
Quoted as one of the "original FinTech revolutionaries" by the FinTech50 list, TransferWise moves over £500m every month globally. They have just announced a partnership with Number 26, Europe's first bank account to feature exclusively on a user's smartphone.
Founded in 2010, this money transfer service is now available in 50 countries and offers transfers to more than 120 destinations across Europe, Asia, Africa, Australia and the Americas. WorldRemit customers send 400,000 transfers every month, with around 25% being moved to mobile money wallets.
Described by the Guardian as the "pioneer of peer-to-peer lending", Zopa has helped people lend more than £1.4bn since its UK launch in 2005. The company has a staff of 175 in their London office and looks after over 63,000 lenders and 150,000 borrowers.