Europe’s next 10 Fintech Unicorns
Sifted has released its ranking of this year’s top 100 fastest growing business-to-business (B2B) snaricorns ready to join Europe’s $ 1 billion plus startups.
Among this year’s rankings are 37 B2B fintech companies, making the category the second most represented segment. These companies include providers that offer short-term loans to companies, open banking platforms and solutions for corporate expense management.
According to the ranking, the 10 European B2B fintech companies that are most likely to reach unicorn status in the near future are:
Primer (UK)
Primer is an automation platform without a code for payments and trading, which enables companies to unite the entire payment and trading stack and build seamless, sophisticated and end-to-end payment flows.
The company offers a drag-and-drop framework that allows merchants to easily sell online, enabling the integration of around 45 payment solutions, including Stripe, Apple Pay, Adyen and Braintree.
Launched in 2020, Primer operates in over 30 countries, serving vendors across the Asia-Pacific (APAC), Europe and the United States. The startup has raised $ 74 million in funding, and is valued at $ 425 million.
Yapily (United Kingdom)
Yapily offers a simple, unified open banking API that allows companies to connect with thousands of banks across Europe, access financial data and initiate payments. The company offers open banking solutions for industry leaders, including American Express, Intuit Quickbooks, Moneyfarm, Volt, Vivid and BUX.
Yapily is currently pursuing an aggressive expansion plan, recently expanding to the Baltics and Poland, with Portugal as the next. Earlier this year, the start-up unveiled plans to buy the German rival finAPI, which strengthens its presence in one of Europe’s largest markets.
Yapily has raised $ 69 million in funding and has an estimated value of $ 255 million, according to Sifted.
Sylvera (United Kingdom)
Sylvera is a carbon intelligence platform that helps corporate sustainability leaders, carbon traders and governments evaluate and invest in high quality carbon credits.
The company leverages proprietary computer and machine learning (ML) technology to produce the most comprehensive and accessible insights on carbon projects, delivering independent, in-depth and up-to-date project reports and market intelligence through its online platform and API.
Sylvera also collaborates with leading researchers at UCLA, NASA’s Jet Propulsion Lab and University College London, and has raised $ 39.5 million in funding. The startup has an estimated value of $ 163 million, according to Sifted.
Codat (United Kingdom)
Headquartered in London, Codat offers a universal API for small business data. The company offers real-time connectivity to enable software vendors and financial institutions to build integrated products for their corporate customers. Applications include automatic reconciliation, business dashboard and loan decision.
Codat claims over 200 customers, including many of the world’s largest banks as well as fast-growing fintechs such as Brex, Jeeves, Pipe and Clover.
Founded in 2017, Codat has raised more than $ 160 million in funding and is valued at $ 825 million, Codat co-founder and CEO Pete Lord said in an interview last month.
Billie (Germany)
Billie offers buy now, pay later (BNPL) payment methods for B2B companies, and offers solutions from liquidity to automation to digital payments for large and small companies, whether it is online stores or small and medium-sized enterprises (SMEs).
Billie uses proprietary, machine learning-supported risk models, fully digitized processes and a highly scalable technology platform to provide fast liquidity, automated workflows and access to modern payment solutions.
Billie was founded in 2016 in Berlin, and has raised around $ 150 million in funding and is valued at $ 640 million, Matthias Knecht, co-founder and co-CEO of Billie, told Verdict in November 2021.
Moss (Germany)
Moss is a technology-enabled solution for expense and financial management. With smart corporate credit cards, digital invoice management and automated accounting, Moss allows companies to manage all their expenses easily and transparently.
The solution enables flexible issuance of virtual and physical credit cards, digital entry and approval of invoices, smooth processing and reimbursement of employees’ expenses and reliable liquidity management.
Since its inception in 2019, Moss has issued more than 20,000 physical and virtual credit cards and processed over 250,000 transactions.
Moss has raised $ 149 million in funding, and is valued at $ 573 million.
Sunday (France)
Sunday is a restaurant payment solution that aims to simplify the payment process for restaurant customers by allowing them to pay the bill in less than 10 seconds using QR codes. The solution also allows customers to browse a restaurant’s menu, check their bills, give tips and share the bills. The customer can pay with Apple Pay, Google Pay, American Express, Visa and Mastercard.
Since its launch, Sunday claims to have amassed more than 2 million users and over 5,000 signed restaurants globally, representing an annual transaction volume of $ 7 billion.
Sunday has raised $ 124 million in funding, and is valued at an estimated $ 500 million, according to Sifted.
Kevin. (Lithuania)
Founded in 2018 and headquartered in Vilnius, Kevin. is a fintech company offering an account-to-account payment infrastructure to replace costly card transactions. The start-up claims that it has the broadest PSD2 bank’s API coverage in the European Economic Area (EEA).
Recently, Kevin. entered point-of-sale (POS) terminal payments in physical stores by introducing an NFC account-to-account payment solution with a seamless user experience comparable to a card payment experience. The company claims more than 6,000 sales people in 12 markets in Europe.
Kevin. has raised $ 77 million in financing, and has an estimated value of $ 325 million, according to Sifted.
Yokoy (Switzerland)
Founded in 2019 and headquartered in Zurich, Yokoy is a cost management platform that combines expense management, vendor invoice management, as well as smart business cards and automates respective processes using artificial intelligence (AI).
The solution is integrated with 50+ business tools and the company claims more than 500 business customers, including Bitpanda, On and ASK Chemicals.
Yokoy has raised $ 107 million in funding and is valued at around $ 500 million, a person familiar with the case told CNBC in March 2022. The startup completed a $ 80 million round of funding in Series B earlier this year as it said that it will use to pursue expansion in Europe.
Taxdoo (Germany)
Founded in 2016, Taxdoo is headquartered in Hamburg, and builds API-based tools to help e-commerce companies with tax compliance and other accounting needs.
Among other features, Taxdoo handles VAT processes in EU countries and the UK automatically and securely. Through automated collection, monitoring and evaluation of transaction data, the system recognizes the respective VAT obligations in Europe and clarifies them clearly.
Taxdoo has raised $ 84 million in funding and is valued at around $ 350 million, according to Techcrunch. The company completed a $ 64 million Series B financing round in December 2021 which it said it would use to further expand across Europe and add new features and opportunities.
Selected photo credit: Edited from Unsplash
