Venture Capitalists Rank Some of Europe’s Top Underrated Fintechs

April 18, 2021
Kevin Larkin

While discussing European fintechs, it’s quite easy to mention some of the same biggest startups in the game, such as Adyen, Monzo, Stripe, and Nexi just to name a few. But the European Union is actually home to hundreds of other interesting startups that usually don’t get the proper recognition they deserve, which can be just as exciting as some of the most commonly mentioned companies. To discover some of these underrated fintech companies, Sifted conducted an interview with some of the top European fintech venture capitalists to give their two cents on their picks and explain why they believe these companies are important to watch out for. 

The first person nominated to talk was Mark Goldberg, who is a partner at Index Ventures and resides in San Francisco, California. The two companies he discussed were Flood Flash and Collective Benefits. He said that Flood Flash is “a new type of parametric flood insurance” that is able to offer fast and fair payouts through its system. They are one of the few fintechs making major strides for innovation in the insurance market, which Goldberg sees huge potential in. Collective Benefits is a startup helping those who lack benefits in this “gig economy” we’ve found ourselves in. Many people who work for companies such as Uber, Doordash, or Grubhub are able to clock in and out whenever they please and make money on their own time, which is a huge plus, but also lack benefits that come with full time careers. Goldberg says that this huge collection of workers don’t usually have a safety net, so he’s excited that they are closing that gap and aiding those people.

Another person interviewed was Tara Reeves, who is a partner at OMERS Ventures Europe. This first company she picked to discuss was Tickr, which is “a UK-based ESG platform that allows you to spend, offset your carbon footprint and invest according to your values.” She believes it’s the future of investing, as millennials are the largest demographic on the platform by a wide margin who are much more aware of their adverse impact on the planet. Reeves also mentioned Tomorrow Bank, which is a German-based fintech that is a neobank, similarly to Tickr, focusing on sustainability at its core. It seems like companies that are focusing on what millennials and younger generations are passionate about and combine that with their finances, such as sustainability and going green, are getting ahead of the curve, who would’ve thought?

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