There is no dearth of news and hype about B2C FinTechs here in Europe, but where do you go for insights about startups building Enterprise Technology/ SaaS solutions for financial institutions?
B2B startups are (largely) unhindered by the regulatory and market-specific barriers that confront B2C FinTechs – which means they can sell and scale globally from day one. However, from building an enterprise-grade product, pricing (forget about freemium!) and surviving sales cycles of 18-36 months to channel partnerships, inside sales and B2B marketing- nothing comes easy in the Enterprise FinTech world.
For financial institutions looking to stay on the cutting edge, this means understanding market trends and staying on top of B2B FinTech innovations across the globe.
B2B FinTech Radar is a weekly round-up of global deals in the B2B/ Enterprise FinTech space, along with insights and Q&As covering emerging trends, lessons on scaling up and fundraising (e.g. check out The Handbook | Scaling Enterprise FinTech) and more. Check out our recent newsletters below, or get onto our mailing list!
If you are a founder looking to scale a B2B FinTech startup out of Europe/ EMEA, or a financial institution looking to stay on top of this exciting space, we would love to hear from you- reach out to Samarth Shekhar or email us.
On the radar this week:
Q&A with Virginia Bassano of Eight Roads
Estonian financial services outfit LHV Group has invested €1 million in Tuum, its core banking platform provider
Fintech startup Cheq raises $2 million to bring crypto to the masses
Insurtech startup Turtlemint bags $120 million as valuation tops $900 million
Tactic wants to reinvent accounting software for the web3 age
On the radar this week:
Q&A with Teo Blidarus of FintechOS
Quantifeed, an Asian wealth management software provider, raised a Series C.
Former regulators join $45 million round in crypto risk platform Solidus Labs
Elwood, a UK digital asset platform for financial institutions, raised $70 million from investors including Barclays and Goldman Sachs.
Unit, a banking-as-a-service provider, raised a $100 million Series C at a $1.2 billion valuation.
Q&As and Insights
I am Italian, I studied in a French Business School and I live in London since 2017. I was previously working in Investment Banking at Citi covering the FinTech sector. I co-founded an HR tech startup named DailyInternship, a talent recruiting platform with over 100k students subscribed. That experience led me very close to the Venture Capital world.. so close that I ended up in VC myself! At Eight Roads I focus on investments in Southern Europe, Nordics, and more broadly speaking in FinTech investments all across Europe. I am passionate about travels, motorbike, photography and all type of animals. A funny fact about me is that by the age of 22 I had already visited all the European capitals in motorbike.
I am Teo Blidarus, CEO and co-founder of FintechOS. We allow banks and insurers to create customer-centric digital financial products and services using our digital on top and lean core solutions. Many financial institutions who want to innovate quickly are underserved or ill-served by current vendors. Our low-code, modular approach augments legacy systems and allows institutions to build, test and scale new digital products and services in weeks, rather than months.
Family man and proud member of the venture building team at FIS to create new compelling businesses that improve our customers way to transact, pay and invest in the merchant, corporate and financial institution space across the globe