Across the global panorama, the widening and deepening of fintech sea has given way to mega technology sharks that have dabbled in binary systems with a splash of innovation, so much so, that they are now the reigning monarchs of the fintech industry. Europe, land of renaissance is not behind in such rebirth of modernization in banking practices and finance and is home to numerous business enterprises and hub of most of the tech centres and Fintech has also found a deep favour in the continent.
Thanks to strong winds of change and perpetual breakthroughs in cutting-edge digital frameworks, a handful of fintech groups have gathered momentum, robust enough to occupy the top 10 promising positions in regard to this cold and bright continent.
This is the company that catches our attention in Italy which facilitates corporate banking across multiple banks, prime finance automation, issuing and also extends payment services in a multitude of sectors. Their service scope triggers our interest which is in form of technologies that accept card payment, cash transactions between businesses and individuals and also provides sublime corporate banking management services. It unrolls large variety of digital payment solutions with banks and insurance companies with whom Nexi has partnered but in safe and reliable way. The group is ever committed to modernize payment solutions framework so as to usher Italy into new fintech horizon.
Tucked in London, UK, such is an integrated app that enables a kaleidoscope of services in form of prime financial solutions, such as making payments, sharing expenses among family and friends, worldwide insurance, crypto investment, spend while on foreign soil with their Revolut card and so much forth. Currently they are boastful of 15 million personal customers with 500 thousand business clients across 35 plus countries and in over 35 currencies and with all this in place, their activities are spread over a longer area.
Truly, a complete one-strop solution to all needs and this is technology that forms its robust foundation making people happy and satisfied.
Tucked in Netherlands, such is a Dutch payment firm enabling businesses to accept payment across multiple platforms, such as e-commerce, smartphone and point of sale. For instance, business enterprises can wade into new markets on back of supreme payment acceptance, transactions can be optimized, conversions can be increased, revenue can be driven and then, a dedicated crew of payment specialists is present there to guide. Further, cards can be accepted, mobile wallets and much more, across multiple channels and devices. Arguably, many of the European businesses in modern days are empowered by it.
Headquartered in London, it unrolls an integrated framework to enable organizations with a forward approach to restructure resurrect their business plans. They provide a sophisticated medium to transfer money beyond geographical frontiers but in quick smooth way and secure it in encrypted form. We, as customers are empowered by their connected payment gateways reflecting exclusively secured payment experience.
Finally, to manage payment streams and ensure full financial benefit out of every process, they provide customers with data to unhide patterns which further leads to more managed decision-making. Please check out here, for more in their service arsenal.
Earlier, this was known as TransferWise and now, it is renamed as Wise, a platform providing cheap way to transfer money abroad. Company is headquartered in London, UK and has nurtured over 10 million customers. We can receive money from anywhere at small service rates and can also go for currency conversion and can maintain multiple currencies through its integrated mobile app. Registration is also quick and easy and is setup in minutes. For people around the world, they favour Wise above their own banks.
This is yet another European Fintech that commands towering influence over all types of businesses spanning industries, by riding high over a whopping USD 2.8 billion value. The firm has unleashed a huge sum to numerous British firms, in fact, around 4 trillion dollars but luckily without shortlisting any defaulters. The company has entered into strategic alliances with a lot of tech groups with whom they have woven a robust technology network through an array of software. For instance, ON Credit Intelligence Suite, which has powered the OakNorth Bank in UK to become a globally renowned bank when we rate the financial institutions on the basis of ROE, efficiency ratio and Net Promoter Score. Other than their own bank, OakNorth’s software is widely utilized by other prominent banks of the world, such as Capital One, Fifth Third, PNC, ABN-AMRO and SMBC. Traditional banking has been overhauled by it at length.
Such is a free “deposit account” based in Berlin, Germany, which we can open directly from our phone or tablet in just 10 minutes. We can deposit cash or transfer cash from another account multiple times. Besides, we can keep or spend
In short, such is The Mobile Bank, with which we can regulate our bank account from anywhere and can keep a check onto our expenses and can save money for specific objectives quickly. Right from our smartphone, we are obliged to open a bank account and start spending before our official card gets to us.
This is another big name in European Fintech industry which is particular to crypto-currency assets. They put a strong net of security around these, in form of hardware wallet technology. Their products carry a Protected Element with an OS embedded therein to secure your property. Clearly, with Ledger wallets, we can easily manage our crucial data and private info in safe and sophisticated way.
Our crypto becomes entirely accessible with Ledger apps and any of its products by our side and with their hardware wallet, we can ensure growth with their prime app, Ledger Live.
Yet another finely decorated platform, facilitating easy payment transfer across industries globally. For e-commerce, they have special plug-ins in place and their capability is as wide as around 100 countries with digital payments. From cards, bank transfers to e-wallets to cash and there is offered hundreds of payment methods on this platform. Please check out their website for more insights and support. Truly, the Fintech company has subdued the traditional system of finance radically.
This is yet another payment platform unleashing innovative facilities to make payments such as SEPA and SWIFT transfers, professional account management, Mastercard Business Cards, all payment methods, while special plans are in place for SMBs, start-ups, small establishments as well as for individual professionals. They claim to have placed no hidden charges, no commissions and no financial obligations too. For businesses, they offer automated bookkeeping too. Funds are safeguarded too while switching one’s account to Qonto is also an easy affair.