Nice update this week regarding the Top 10 of everything FinTech from FinTech magazine. First, they listed the Top 10 UK FinTechs by value:
Clearbank is a Centaur, valued at $590 million
Atom is also a Centaur, with a valuation of $596 million
PPRO moves us into the Unicorn world, with a value of $1 billion
Zopa equals PPRO in joint eighth position
Starling Bank has seen massive focus and, consequently, has grown to over $3 billion in value ($3.15bn to be exact)
Monzo just beats their friendly rival (?) by dropping in at a massive $4.5 billion price tag
Oaknorth Bank, the quietly growing SME lender, jumps in at number 5 with a $5 billion valuation
Wise, the nerdy challenger to traditional banks, snags a healthy $6.67 billion
SumUp, again focused upon small business services, sees itself topping $8.5 billion
Checkout.com, that wee payments firm, is suddenly not so wee when it reaches $11 billion in value
Of course, at the number 1 spot, is Revolut, valued at $19.8 billion
If you want to know more detail:
Top UK Fintechs: Market Cap Rankings | FinTech Magazine
Meanwhile, many of the firms on this list have tapped into major VCs to help them grow to this status. Therefore the FinTech magazine goes on to cite the major VCs investing, including Lightspeed Venture Partners, Andreessen Horwitz, Intel and SOSV. Read more here:
Top 10 venture capital firms investing in fintech | FinTech Magazine
Finally, which accelerators and incubators should you for to grow?
Some are obvious like Village Global, Wilco, the Startup Wise Guys and Antler. Some are less obvious as they are regionally aligned, such as Cyberport Hong Kong, JAFCO Japan and Chinaccelerator. Either way, a useful list:
Top 10 Fintech Incubators | FinTech Magazine
Thanks to the FinTech magazine for this and particularly Louis Thompsett for compiling it. I found it useful!
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...