The US FinTech Market is growing rapidly. Up until the year 2024 the fintech industry is seeing an 8.6% cumulative average growth rate (CAGR) according to research reports. This made a huge impact on the everyday life and changed the way people interact with money when it comes to buying insurance, funding startups, investing or opting for loans. 

But the US FinTech Market is not the only one who is growing. We have taken a closer look at the promising European FinTechs and featured some of them. 

About Adyen

A Dutch payment company named Adyen allows businesses to accept e-commerce, mobile, and point-of sale payments. The founders considered the then existing systems for digital payment processing outdated and recognized a market gap when it comes to developing new payment platforms.

About Apiax

Apiax is a Swiss RegTech startup that provides regulatory technology solutions. With these solutions business opportunities will be realized and costs as well as risks minimized.

About Bitpanda

Bitpanda is a virtual exchange platform based in the Austrian metropolis of Vienna. Bitpanda enables its members to purchase and sell more than 50 digital assets. These include cryptocurrencies - such as Ethereum or Bitpanda - as well as precious metals such as gold or silver. Users can also send digital assets to other members.

About Blik 

The Polish payment system, known as Blik, allows users to make instant payments. Also, users are able to withdraw cash using only the mobile banking app. 

About Bnext

Bnext is a Spanish neobank located in Madrid. Just like other neobanks, Bnext does not have a banking license. Only an e-money license where users could load money into their cards and use it worldwide without any foreign transaction fees. The app also allows users to connect other bank accounts as a way to manage their finances.

About Finnest

Finland-based Finnest specialises in financing medium-sized companies. The newly created platform offers financing solutions for companies regarding loans, subordinated loans and profit participation rights and bonds as well as share issues. Invesdor and Finnest had already merged to form the Invesdor Group in 2019.

About Klarna

Klarna Bank AB, also known as Klarna, is a Swedish company that offers online financial services such as payments for online storefronts and direct payments along with post-purchase payments. Klarna is the biggest European fintech. 

About Lunar

The Danish fintech start-up Lunar is a digital bank that offers a mobile-based banking app, which helps consumers manage their personal finances.

About Onfido

Onfido is a technology company based in London. With Onfidos’ technologies it is easier for businesses  to verify people’s identities using a photo-based identity document, a selfie and artificial intelligence algorithms. 

About Satispay

Satispay is an Italian fintech company that provides a bank account enabled mobile payment platform. Anybody with a bank account can use the consumer app. Merchants both online and offline can accept payments using any kind of device and POS. 

About Sbanken

Sbanken ASA is a Norwegian online bank, which is headquartered in Bergen. Sbanken operates a digital platform that serves individual customers in Norway. Their financial products and services include current accounts, payment and card services, savings, investment products and long-term and short-term loans.

About Tinkoff

Tinkoff Bank, also known as Tinkoff Credit Systems, is a Russian banking and financial services company based in Moscow. The bank has no branch offices and is considered a pure digital bank (Neobank). In addition to loans, it offers other financial services. 

In today's world it is almost inevitable to miss out on digital solutions. We are very happy to be part of the European FinTech Market and we look forward to partnering with you.