Earlier this year, CB Insights took a look at where fifteen of the top European banks were spending their investment dollars. The result is an interesting portrait of an industry appears very committed to three areas of fintech in particular: blockchain, financial services software, and Regtech. Of the 15 banks represented in CB Insights’ survey, all but one had invested in R3, the blockchain consortium, with ten banks investing in financial services software companies, and eight banks funding Regtech firms.
Also noteworthy is the presence of ten Finovate/FinDEVr alums among the investments. Symphony Software Foundation, an alum of our developer’s conference, FinDEVr, was the alum with the most support from among the 15 European banks. Santander was the bank with the broadest support among our alum community, backing six out of the 11 alums listed.
- Founded in 2009
- Headquartered in Atlanta, Georgia
- Total Capital Raised: $488 million
- Top European banks: Santander, ING
Personetics (FinovateFall 2016)
- Founded in 2010
- Headquartered in Tel Aviv, Israel
- Total Capital Raised: $18 million
- Top European bank: Santander
- Founded in 2006
- Headquartered in San Francisco, California
- Total Capital Raised: $355 million
- Top European bank: Credit Suisse
Ripple (as OpenCoin, FinovateSpring 2013)
- Founded in 2012
- Headquartered in San Francisco, California
- Total Capital Raised: $93.6 million
- Top European bank: Santander
- Founded in 2011
- Headquartered in San Francisco, California
- Total Capital Raised: $7 million
- Top European bank: BBVA
- Founded in 2007
- Headquartered in San Francisco, California
- Total Capital Raised: $60 million
- Top European banks: Santander, UBS
- Founded in 2012
- Headquartered in New York, New York
- Total Capital Raised: $29.4 million
- Top European bank: Santander
- Founded in 2011
- Headquartered in Dublin, Ireland
- Total Capital Raised: $44.3 million
- Top European bank: BBVA
Symphony Software Foundation (FinDEVr New York 2017)
- Founded in 2014
- Headquartered in Palo Alto, California
- Total Capital Raised: $229 million
- Top European banks: BPCE/Natixis, UBS, Deutsche Bank, Societe Generale, BNP Paribas, Credit Suisse
Tradeshift (FinovateEurope 2012)
- Founded in 2010
- Headquartered in San Francisco, California
- Total Capital Raised: $182 million
- Top European banks: Santander, HSBC
- Founded in 2004
- Headquartered in Portland, Oregon
- Total Capital Raised: $13.4 million
- Top European bank: Deutsche Bank
The analysis focused on fintech investments from 2012 through June 2017, and includes investments made by the venture arms of the banks shown.