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  • Writer's pictureJulie

Top 10 Fintech fundraisers of 2021 in Europe


2021 was a record year in terms of amount and quantity of fundraisings.







Klarna

Created in 2005, Klarna offers e-merchants several online payment solutions. Klarna offers the customer the possibility of being charged only after receiving the order by advancing the money to the merchant (BNPL), and also allows him to pay in one click or in several installments. Klarna also offers a DSP2 compliant Open Banking solution. Klarna now offers its customers a loyalty program called Vibe, as well as a virtual and physical card to pay offline anywhere. Klarna is also developing an application that allows individuals to browse all merchant sites, track product prices and pay in installments. Klarna now offers bank accounts for individuals in selected European countries. In 2022, Klarna launches "Klarna Kosma" an open banking solutions provider for banks, fintechs and merchants.




N26

Founded in 2013, N26 has been a neobank for individuals and businesses since 2015. The banking offer includes a bank card, international transfers, repayment between relatives, categorization of expenses as well as consumer credit and insurance. N26 also markets a banking offer for self-employed entrepreneurs including a Mastercard Business and 0.1% cashback on every purchase. N26 is also developing a retroactive fractional payment solution.




Sumup

Founded in 2011 before merging with Payleven in 2016, Sum Up offers merchants several types of mobile payment terminals. Sum Up supports contactless payments (NFC), via pin code as well as electronic wallets. Sum Up markets a mobile reader connected by Bluetooth to a smartphone (Sum Up Air), a mobile reader with an integrated sim card (SumUp 3G) and a payment software (Sum Up Point of Sales). Sum Up also offers a payment card linked to the mobile payment terminal. In 2021, SumUp acquires Tiller (touch-sensitive cash register) and launches a bank account for merchants, liberal professions and micro-businesses.




Trade Republic


Founded in 2015, TradeRepublic is a mobile trading app that allows individuals to invest in stocks and ETFs without commission fees.




Revolut

Launched in 2015, Revolut is a neobank for individuals and businesses. The banking offering includes a bank card, international transfers at real exchange rates, crypto-currency purchases, repayment between relatives, categorization of expenses as well as rounding savings. Revolut also markets its own travel and phone insurance offerings. For professionals, Revolut offers a prepaid bank card as well as easy accounting integration. Revolut has also launched Revolut Junior in 2020, its offer for 7-17 year olds, and in 2021 Stays, a travel booking service directly via the app with cashback.




Mollie

Founded in 2004, Mollie offers several online payment solutions to businesses. The offer includes an online payment API, recurring payment and alternative payment methods (Apple Pay).




Prodigy Finance

Founded in 2006, Prodigy Finance offers a platform that allows international students to apply for student loans without a co-signer, guarantor or surety. The loans are collectively funded by a community of alumni, institutional investors and private investors.




Monzo

Founded in 2015, Monzo offers a neobanking solution for individuals. The offering includes a UK current account, retail-to-retail repayment, instant notifications on every payment, payment via mobile as well as international transfers. Monzo also launched its business offering in 2020.




Checkout.com

Founded in 2012, Checkout.com provides e-retailers with various international payment solutions. In particular, Checkout.com offers a unified and customized payment platform via API and tools to fight fraudulent payments. Checkout.com also enables businesses to accept a variety of payment methods worldwide, including digital wallets, local payments and national cards. Checkout.com acquired the startup ProcessOut in early 2020.



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