Venture Capitalists Choose Ten London Fintechs They Think Will Dominate in 2019
Business Insider asked several large venture-capital investors about the fintech companies in London that will dominate the scene this year. London is the second largest city for fintech unicorns in the world.
The first company mentioned was Cleo, an AI assistant. Cleo helps customers manage their bank accounts through Facebook Messenger. So far, the startup has raised $13.3 million.
Insurance company Zego also made the list. Zego provides flexible coverage that is specifically suited to the gig economy. It has raised $51 million.
Mimiro has raised $38.2 million. Mimiro examines the risk of financial crimes between institutions.
TransferWise, which has raised $772.7 million is a platform for money transfers and payments. The startup currently boasts over 4 million customers.
Monzo is a neo bank with two million customers. It has already raised $324.7 million.
Revolut is another neo bank that has been expanding worldwide. Thus far it has raised $336.4 million.
Tide, which has raised $40.8 million gives loans to businesses through an app.
SME loan provider Iwoca has raised $352.7 million. Iwoca gives finance options to companies around the UK, Germany, and Poland.
OakNorth is also an SME lending platform, focusing on origination and credit portfolio analysis. It has raised $1 billion.
Onfido is a software company that assists businesses in identity verification. The company has raised $110.3 million.
Read more about the companies here.