The Monetary Instances (FT) has launched its annual FT1000: Europe’s Quickest Rising Corporations rating, showcasing the continent’s fastest-expanding companies. Among the many 1,000 firms on the 2025 checklist, 64 function inside the fintech, monetary providers, and insurance coverage sectors.
Compiled with knowledge analysis firm Statista, FT1000 ranks firms based mostly on the best compound annual progress price (CAGR) in income from 2020 to 2023.
To qualify, firms wanted to satisfy a number of standards, together with producing a minimum of EUR 100,000 in income in 2020 and a minimum of EUR 1.5 million in 2023, with income progress being natural. They needed to be an unbiased firm, and be headquartered in an European nation.
On this 12 months’s FT1000 version, the IT and software program class represents a fifth of the checklist. When mixed with sectors like development and engineering; power and utilities; promoting and advertising; and fintech, monetary providers and insurance coverage, this group makes up half of the rating.
Among the many 64 fintech, monetary and insurance coverage firms featured within the FT1000: Europe’s Quickest Rising Corporations 2025, we glance at present on the prime 10 firms of the class, highlighting their worth propositions and up to date strides.
These ventures function throughout numerous verticals, together with funds, embedded finance and digital banking, and are available from international locations such because the UK, France and Italy. They’ve recorded robust progress over the previous years and are well-positioned for continued success within the 12 months forward.
The fastest-growing fintechs in Europe between 2020 and 2023
Allica Financial institution (UK) – 652% CAGR
Allica Financial institution, a UK challenger financial institution launched in 2019, was Europe’s fastest-growing fintech and the second fastest-growing firm throughout all sectors. The corporate’s income surged from EUR 228,102 in 2020 to EUR 100 million in 2023, marking a CAGR of 652%.
Headquartered in London and Milton Keynes, Allica Financial institution presents a spread of lending, financial savings and present account merchandise to UK small and medium-sized companies (SMEs). The financial institution reached profitability in 2023 and surpassed GBP 3 billion in lending and GBP 4 billion in deposits.
Allica Financial institution was just lately named the UK’s fastest-growing firm in The Sunday Instances’ High 100 for 2024, topped Deloitte’s Quick 50 for a second consecutive 12 months. In December 2024, it was additionally named the fastest-growing startup in Europe by Sifted, with a CAGR in income of 1,438% between 2020 and 2022.
Allica Financial institution goals to realize a ten% SME market share within the subsequent 5 years.
Zilch (UK) – 327.2% CAGR
Zilch, a UK-based fee startup, was Europe’s second fastest-growing fintech and the eleventh fastest-growing firm general between 2020 and 2023. The corporate’s income soared from EUR 819,020 to EUR 65.9 million through the interval, marking a CAGR of 327.2%.
Based in 2020, Zilch is a multi-award-winning pioneer of the world’s first direct-to-consumer, ad-subsidized funds community (ASPN). The corporate presents prospects as much as 5% cashback on debit funds and interest-free credit score reimbursement choices. Within the course of, it helps prospects construct their credit score profiles with the foremost credit score businesses.
As of January 2025, Zilch had surpassed 4.5 million prospects, GBP 145 million income run price and exceeded GBP 3.6 billion in whole gross sales so far for retailers. The corporate achieved first-month profitability in July 2024.
Chip (UK) – 325.1% CAGR
Chip, a UK-based wealth app, was Europe’s third fastest-growing fintech and the twelfth fastest-growing firm general between 2020 and 2023. The corporate’s income elevated from EUR 219,673 to EUR 17.4 million through the interval, marking a CAGR of 325.1%.
Based in 2017, Chip helps customers construct long-term wealth by providing financial savings and funding choices in a single place. It goals to simplify wealth administration, utilizing expertise to interrupt down obstacles in order that its prospects can make investments just like the ultra-wealthy.
Chip has received just a few awards on the best way, together with British Financial institution Awards: Finest Private Finance App 2022 and Finder Awards: Finest Financial savings Supplier 2023. The corporate claims 500,000 registered customers.
Switcho (Italy) – 252.1% CAGR
Switcho, an Italian private monetary administration startup, was Europe’s fourth fastest-growing fintech and the twenty sixth fastest-growing firm general between 2020 and 2023. The corporate’s income rose from EUR 137,683 to EUR 6 million through the interval, marking a CAGR of 252.1%.
Based in 2019, Switcho is the free service that enables customers to avoid wasting on their bills, particularly on electrical energy and gasoline payments, house Web, cell telephony and automobile insurance coverage. The platform finds the most effective offers and handles the forms of fixing suppliers, all with out utilizing name facilities, in just a few clicks and without cost.
Switcho collaborates with 9 of the most important Italian banks which have chosen to combine the provide into their apps and proprietary channels. The identical collaboration mannequin has additionally been carried out with greater than 200 fintech firms and actual property businesses.
Switcho claims greater than 1.1 million registered customers, over 1.4 million payments analyzed, and EUR 281 million in proposed financial savings.
The startup was acquired in July 2024 by Mavriq to drive its subsequent progress part.
Jeff App (Latvia) – 237.5% CAGR
Jeff App, a Latvian credit score scoring startup, was Europe’s fifth fastest-growing fintech and the twenty eighth fastest-growing firm general between 2020 and 2023. The corporate’s income rose from EUR 155,982 to EUR 6.6 million through the interval, marking a CAGR of 237.5%.
Based in 2019, Jeff App goals to bridge the hole between monetary service suppliers and their potential purchasers. Conventionally, relationships within the monetary sector have been based mostly on shopper credit score historical past, however many individuals don’t have one. To unravel this drawback, Jeff App has developed an progressive shopper evaluation system that makes use of various knowledge, making monetary providers extra accessible to a wider vary of shoppers.
Since its launch in Vietnam in 2020, Jeff App has expanded to the Philippines, Mexico, and Indonesia, aiming to turn into a multifunctional cell platform encompassing insurance coverage, e-commerce, and monetary providers. Its final purpose is for Jeff App’s credit score scoring to turn into an trade commonplace.
Jeff App is now actively engaged on getting into new markets and increasing the vary of providers provided on its platform. With over 9 million customers, the corporate has set the formidable purpose of reaching EUR 100 million in turnover over the following couple of years.
In 2024, Sifted ranked Jeff App because the fastest-growing startup in Japanese Europe and the Baltics in its Sifted 30 research. As well as, in 2023, it secured ninth place within the Sifted 250, making it the one Japanese European or Baltic firm within the prime 10. Jeff App additionally ranked third in Deloitte’s Expertise Quick 50 Central Europe, the best place ever achieved by a Latvian firm on this program.
Aria (France) – 234.6% CAGR
Aria, a French fee startup, was Europe’s sixth fastest-growing fintech and the thirty first fastest-growing firm general between 2020 and 2023. The corporate’s income elevated from EUR 163,651 to EUR 6.1 million through the interval, marking a CAGR of 234.6%.
Based in 2020, Aria offers a versatile funds infrastructure that helps main software program platforms and their customers transfer cash globally. Tailor-made for business-to-business (B2B) marketplaces, vertical software-as-a-service (SaaS), and enterprise software program, the answer goals to simplify the fee course of for companies, enabling purchasers of all sizes to pay their companions and distributors immediately, and entry merchandise corresponding to bill financing and versatile fee phrases.
In 2023, Aria secured a EUR 15 million Collection A funding spherical led by 13books Capital. That very same 12 months, it launched within the UK, a market which now accounts for round 40% of its revenues.
Wallester (Estonia) – 206.5% CAGR
Wallester, an Estonian fintech enterprise, was Europe’s seventh fastest-growing fintech and the forty eighth fastest-growing firm general between 2020 and 2023. The corporate’s income rose from EUR 317,380 to EUR 9.14 million through the interval, marking a CAGR of 206.5%.
Wallester is an Estonian-licensed monetary establishment and an official Visa associate since 2018, specializing in progressive digital monetary options and card issuance. Wallester empowers firms throughout the European Financial Space (EEA) and the UK to streamline funds, launch branded playing cards, and scale effectively.
Wallester offers a white-label resolution which permits companies to combine monetary providers straight into their platforms. This permits firms to launch branded fee playing cards tailor-made to their particular wants, enhancing buyer experiences and opening new income streams.
Wallester additionally presents Wallester Enterprise, a platform designed to modernize company expense administration. This platform offers firms with immediate entry to digital and bodily Visa playing cards, streamlining monetary processes by a contemporary app and complete portal. Options embody expense monitoring, funds analytics, and seamless integration with accounting techniques to reinforce monetary oversight and effectivity.
Finanza.tech (Italy) – 177.6% CAGR
Finanza.tech, an Italian fintech agency, was Europe’s eighth fastest-growing fintech and the 82nd fastest-growing firm general between 2020 and 2023. The corporate’s income elevated from EUR 466,612 to EUR 9.99 million through the interval, marking a CAGR of 177.6%.
Finanza.tech is a fintech firm specialised in company finance with medium measurement firms as important goal. It presents advisory providers for each peculiar and extraordinary company finance operations, enhancing useful resource allocation and competitiveness within the markets it serves.
Moneybox (UK) – 148.3% CAGR
Moneybox, a digital wealth administration platform from the UK, was Europe’s ninth fastest-growing fintech and the one hundred and tenth fastest-growing firm general between 2020 and 2023. The corporate’s income elevated from EUR 5.6 million in 2020 to EUR 89.1 million in 2023, marking a CAGR of 148.3%.
Based in 2015, Moneybox is a digital platform that mixes saving, investing, home-buying, and retirement providers to assist customers obtain monetary targets with ease. The corporate offers providers together with shares and shares Particular person Financial savings Accounts (ISAs), lifetime ISAs and pension merchandise, supporting greater than 1 million prospects throughout the UK.
In November 2024, Moneybox secured twenty third place in Deloitte’s UK Expertise Quick 50, marking its fifth consecutive look within the rankings. On the time, the startup had surpassed GBP 10 billion in property beneath administration (AUA), and GBP 615 million in web deposits, the latter metric representing a 143% enhance in comparison with the identical interval in 2023.
Titanbay (UK) – 143.6% CAGR
Titanbay, a monetary infrastructure supplier from the UK, was Europe’s tenth fastest-growing fintech and the 112th fastest-growing firm general between 2020 and 2023. The corporate’s income elevated from EUR 126,261 to EUR 1.9 million through the interval, marking a CAGR of 143.6%.
Based in 2019, Titanbay goals to bridge the hole between distributors and asset managers in non-public markets. The corporate’s platform connects wealth corporations, monetary establishments, and common companions (GPs) to non-public market alternatives, providing technology-driven options that simplify funding operations, from onboarding to reporting.
Titanbay’s progress has been exceptional, surpassing US$1 billion in property beneath administration (AUM) in October 2024, reaching sixfold year-over-year (YoY) progress, securing 30 strategic partnerships, and increasing its protection to 41 international locations.
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Featured picture credit score: edited from freepik
