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TRADING & TECH

5 fintechs to watch for

5 fintechs to watch for

London has steadily become a hotbed for startups

July 14, 2017

FIDOR BANK

Fidor Bank initially launched in Germany in 2009, followed by the UK in 2015, and since has become one of the main challenger banks that are changing the digital banking landscape with their unique online community banking model which focuses on putting the customer at the heart of all their product offerings.

Tech innovations and changing the way consumers bank is at the center of everything Fidor undertakes and most recently Fidor Bank has launched a digital fintech marketplace to enable customers to find all products they need right from their banking application. Customers can ‘shop’ for trusted FinTech and InsurTech apps, and Fintechs such as Seedrs and Nutmeg which have already been integrated onto the platform.

FREEAGENT

FreeAgent is a multi-award winning cloud accounting software designed to meet the needs of contractors, freelancers, micro businesses and the accountants they work with. FreeAgent helps over 50,000 customers manage and maintain their business accounts, track time, log their expenses, create and send invoices and forecast their tax bills. In 2016 alone, they facilitated the processing of more than 3.15 million invoices worth more than £4.5 billion pounds.

With their IPO at the close of last year (valued at £34.1 million on their debut) and recent partnership with RBS and Natwest at the beginning of 2017, there’s no doubt some exciting movements for them on the horizon too.

CURVE

Curve is an easy to use application that saves the space in your wallet by bringing all your bank cards together to allow you to see, spend and save from one place. It is just about to close it Series A funding round close to $10 million having received backing from Santander InnoVentures, and Oxford Capital.

BACKBASE

Backbase are the creators of the Backbase Omni-Channel Banking Platform, a state-of-the-art digital banking software solution that helps banks and non-financial institutions in their digital banking transformation. The company is well known for being leaders in this field, having worked with over 70+ banks across the world, and receiving award after award from numerous organisations such as Finovate for their continuous contribution to banking innovation for their Everyday Banking, 60 seconds onboarding, as well as being recognised by industry analyst as one of the main leaders in engagement platforms.

YOYO WALLET

Yoyo Wallet is a mobile wallet application that helps to bridge the relationship between retailers and their customers by integrating loyalty programs with fast, secure and easy payments.

Since launching in London in 2013, Yoyo Wallet has grown significantly, partnering with brands such as Planet Organic and Caffe Nero. More recently, they announced the closing of a round of investment at a staggering £12 million so we can only expect bigger and better things from Yoyo in the future!


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