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European fintechs are taking center stage!
With spectacular growth rates, they are redefining the financial landscape.
Discover how these innovative companies are shaping the future of finance.
These dynamic players in the fintech sector rank among the fastest-growing companies in Europe according to the annual FT1000 rankings. With impressive organic growth, they stand out for their innovative solutions in the fields of payments, digital banking, and financial services. Hailing from countries like the United Kingdom, France, and Italy, these startups demonstrate remarkable performance and are poised to continue their ascent. Their success reflects the ongoing rise of the financial technology sector in Europe.
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The fintech sector in Europe is experiencing exceptional growth, with innovative companies redefining financial services. By 2025, some of these fintechs will stand out for their rapid growth and significant impact on the market. This article explores the ten most dynamic fintechs in Europe, highlighting their strategies, successes, and potential to transform the financial sector.
What are the selection criteria for the top-performing fintechs in Europe?
The selection of the top-performing fintechs in Europe is based on rigorous criteria established by the Financial Times (FT) and the research company Statista. To be included in the FT1000: Europe’s Fastest Growing Companies 2025 ranking, companies must show a high compound annual growth rate (CAGR) in terms of revenue between 2020 and 2023. The criteria include generating at least 100,000 EUR in revenue in 2020 and at least 1.5 million EUR in 2023, along with organic revenue growth. Furthermore, fintechs must be independent and headquartered in a European country.
This year, 64 companies from the fintech, financial services, and insurance sectors are included in the ranking, representing a significant share of the European financial ecosystem. These companies are distinguished by their ability to innovate, adapt to market needs, and leverage emerging technologies to offer cutting-edge financial solutions. The diversity of business areas, ranging from digital payments to wealth management, attests to the vitality and competitiveness of the sector in Europe.
What role does Allica Bank play in the European fintech landscape?
Allica Bank, a challenger bank based in the United Kingdom, ranks first among the fastest-growing fintechs in Europe with an impressive CAGR of 652%. Launched in 2019, Allica Bank quickly increased its revenue from 228,102 EUR in 2020 to 100 million EUR in 2023. This phenomenal growth is attributed to a diverse offering of financial products, including loans, savings accounts, and current accounts aimed at British small and medium-sized enterprises (SMEs).
The bank’s headquarters in London and Milton Keynes reflects its solid expansion strategy. By 2023, Allica Bank achieved profitability and surpassed 3 billion GBP in loans and 4 billion GBP in deposits. Recent accolades, such as recognition by The Sunday Times and Deloitte, illustrate Allica Bank’s continued success. The bank’s ambition to capture a 10% market share of SMEs in the United Kingdom over the next five years underscores its commitment to supporting the growth of local businesses.
How does Zilch revolutionize the payments sector?
Zilch, a payment startup based in the United Kingdom, ranks second among the most dynamic fintechs in Europe with a CAGR of 327.2%. Founded in 2020, Zilch introduced the first consumer direct payment network subsidized by advertising (ASPN). This approach allows users to benefit from cashback of up to 5% on their debit payments and interest-free credit repayment options while building their credit profile with major agencies.
With over 4.5 million customers in January 2025, Zilch achieved profitability in its first month in July 2024. The company also recorded a recurring revenue of 145 million GBP and over 3.6 billion GBP in total sales for merchants. These figures attest to the effectiveness of its business model and its rapid market adoption. Zilch continues to innovate by providing flexible payment solutions and expanding its customer base, thereby strengthening its position as a leader in the payments fintech sector.
What distinguishes Chip in wealth management?
Chip, a wealth management app based in the United Kingdom, is the third highest-performing fintech in Europe with a CAGR of 325.1%. Launched in 2017, Chip facilitates long-term wealth creation by offering integrated savings and investment options on a single platform. By utilizing advanced technologies, Chip simplifies financial management, enabling its users to invest smartly and accessibly, like the ultra-wealthy.
With 500,000 registered users and multiple prestigious awards such as the British Bank Awards: Best Personal Finance App 2022 and the Finder Awards: Best Savings Provider 2023, Chip demonstrates its ability to attract and retain a clientele concerned about personal financial management. The rapid growth of revenue from 219,673 EUR in 2020 to 17.4 million EUR in 2023 illustrates the effectiveness of its model and the appeal of its innovative services in a competitive market.
What is Switcho’s impact on expense management in Italy?
Switcho, an Italian personal finance startup, ranks fourth with a CAGR of 252.1%. Founded in 2019, Switcho offers a free service that allows users to save on their everyday expenses, including electricity, gas, internet, mobile phone, and auto insurance bills. The platform identifies the best offers and simplifies the process of changing suppliers, thus eliminating administrative hassles.
With over 1.1 million registered users and 1.4 million analyzed bills, Switcho has provided cumulative savings of 281 million EUR. Collaborating with nine of the largest Italian banks and over 200 fintechs and real estate agencies has strengthened its network and reach. The acquisition by Mavriq in July 2024 marks a significant step, allowing Switcho to continue its growth and expand its service offerings in the expense management sector.
How does Jeff App transform credit scoring in Eastern Europe?
Jeff App, a Latvian fintech specializing in credit scoring, ranks fifth with a CAGR of 237.5%. Since its inception in 2019, Jeff App aims to bridge the gap between financial service providers and potential clients by using alternative data to assess creditworthiness, thereby facilitating access to financial services for a broader population.
Initially launched in Vietnam in 2020, Jeff App has expanded into key markets like the Philippines, Mexico, and Indonesia, aspiring to become a multifunctional platform encompassing insurance, e-commerce, and financial services. With over 9 million users, the company aims for a revenue of 100 million EUR in the coming years. Accomplished accolades, such as the Sifted 30 ranking and the Deloitte Technology Fast 50 Central Europe, highlight Jeff App’s leadership in the fintech sector of Eastern Europe and the Baltic states.
What role does Aria play in flexible payment infrastructures in France?
Aria, a French payment startup, is the sixth most dynamic fintech in Europe with a CAGR of 234.6%. Founded in 2020, Aria provides a flexible payment infrastructure designed for leading software platforms and their users to facilitate global transactions. Aria’s solution is particularly suited for B2B marketplaces, vertical SaaS solutions, and enterprise software, thus simplifying the payment process for businesses of all sizes.
In 2023, Aria raised 15 million EUR in a Series A funding round led by 13books Capital and launched its operations in the United Kingdom, where this market now represents about 40% of its revenue. This strategic expansion allows Aria to strengthen its presence in the European market and offer innovative solutions such as invoice financing and flexible payment terms, thereby meeting the various financial management needs of businesses.
Why is Finanza.tech distinctive in corporate finance in Italy?
Finanza.tech is the eighth fastest fintech in Europe with a CAGR of 177.6%. Based in Italy, this company specializes in corporate finance, primarily targeting medium-sized companies. Finanza.tech offers advisory services for ordinary and extraordinary finance operations, optimizing resource allocation and enhancing the competitiveness of companies in their respective markets.
Finanza.tech’s growth, from 466,612 EUR in 2020 to 9.99 million EUR in 2023, demonstrates the effectiveness of its model focused on personalized financial consulting. By addressing the specific needs of businesses, Finanza.tech facilitates their expansion and adaptability within a constantly evolving economic environment. The company continues to strengthen its offerings by providing innovative solutions tailored to contemporary financial challenges, securing its position as a leader in the fintech sector in Italy.
How does Moneybox help its users achieve their financial goals?
Moneybox, a digital wealth management platform based in the United Kingdom, ranks ninth with a CAGR of 148.3%. Launched in 2015, Moneybox combines savings, investment, home purchase, and retirement services to help its users reach their financial goals in a simplified and effective manner. The platform offers services such as stocks and shares ISA, lifetime ISAs, and retirement products, thus supporting over a million clients across the United Kingdom.
In November 2024, Moneybox ranked 23rd in the Deloitte UK Technology Fast 50, marking its fifth consecutive appearance in this prestigious ranking. With over 10 billion GBP in assets under administration and 615 million GBP in net deposits, Moneybox demonstrates solid growth and increasing adoption of its services. The platform’s ability to integrate different aspects of personal financial management makes it a valuable tool for users seeking to optimize their financial future.
What is Titanbay’s impact on financial infrastructure in the United Kingdom?
Titanbay, a UK-based financial infrastructure provider, rounds out our list of the ten fastest fintechs in Europe with a CAGR of 143.6%. Founded in 2019, Titanbay aims to bridge the gap between distributors and asset managers in private markets. Titanbay’s platform connects wealth management firms, financial institutions, and general partners (GPs) to private market opportunities, offering technological solutions that simplify investment operations from onboarding to reporting.
With remarkable growth, Titanbay surpassed 1 billion USD in assets under management in October 2024, showing a six-fold annual growth year on year. The company has also established 30 strategic partnerships and expanded its presence to 41 countries, thereby enhancing its global influence in the fintech sector. Titanbay’s ability to offer comprehensive and integrated solutions meets the complex needs of wealth managers, positioning the company as a key player in European financial infrastructure.
To learn more about current trends in the fintech sector, check out our article on the consolidation trend revealing new insights for partnerships between banks and fintechs.
Featured image credit: edited from freepik
