The rise in the number of highly valued and heavily funded fintech startups in Europe shows how the continent is taking a lead in disrupting multiple sectors: from payments and e-commerce to banking, insurance, lending, crypto and trading. Collectively, these companies have raised $22.6b to date—with more than half of that funding coming in this year alone—and are altogether valued at $178b.
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A record number of startups join Europe’s fintech unicorn herd
Funding to European companies in financial services has already peaked at $21.7 billion this year so far, with investment in more than 800 companies. With more than 200 companies each raising $10 million or above in a funding round, we do not see this sector slowing down anytime soon.
