Top 10 Fastest-Growing Fintechs in Europe for 2025
The Financial Times (FT) has unveiled its annual FT1000: Europe’s Fastest Growing Companies ranking, spotlighting the continent’s swiftly expanding ventures. Amidst the 1,000 companies on the 2025 roster, 64 are in the fintech, financial services, and insurance sectors. These companies are ranked based on their compound annual growth rates (CAGR) in revenue between 2020 and 2023, highlighting remarkable progress in the industry.
This edition of FT1000 indicates a notable presence of the IT and software sector, contributing to a fifth of the list. When combined with sectors such as construction, energy, advertising, marketing, and fintech, this conglomerate constitutes half of the ranking. Focusing on the fintech sector, we explore the top 10 companies that stood out in terms of revenue growth and innovation.
Allica Bank
In 2019, Allica Bank emerged as a UK challenger bank and quickly rose to become Europe’s fastest-growing fintech and the second overall across all sectors. The bank’s revenue skyrocketed from EUR 228,102 in 2020 to EUR 100 million in 2023, reflecting a CAGR of 652%. Offering a range of lending, savings, and current account products to UK SMEs, Allica Bank reached profitability in 2023, with lending surpassing GBP 3 billion and deposits exceeding GBP 4 billion. The bank is targeting a 10% SME market share within five years.
Zilch
Zilch, a payment startup from the UK, ranks as Europe’s second fastest-growing fintech, recording a revenue leap from EUR 819,020 to EUR 65.9 million, showcasing a CAGR of 327.2%. Founded in 2020, Zilch innovates as a direct-to-consumer, ad-subsidized payments network. It offers up to 5% cashback on debit payments and interest-free credit options, aiding customers in building credit profiles. By January 2025, Zilch had 4.5 million customers, GBP 145 million revenue run rate, and exceeded GBP 3.6 billion in total sales.
Chip
The UK-based wealth app, Chip, ascended to be Europe’s third fastest-growing fintech with revenue escalating from EUR 219,673 to EUR 17.4 million and a CAGR of 325.1%. Founded in 2017, Chip helps users build long-term wealth through savings and investment options, simplifying wealth management. Recognized with awards for its excellence, Chip serves 500,000 registered users.
Switcho
Switcho, an Italian startup for personal financial management, became the fourth fastest-growing fintech in Europe, boasting a revenue increase from EUR 137,683 to EUR 6 million with a CAGR of 252.1%. Founded in 2019, Switcho assists users in saving on expenses like utility bills and car insurance by finding the best deals. Collaborating with major Italian banks and fintech companies, Switcho managed to analyze over 1.4 million bills and propose EUR 281 million in savings.
Jeff App
Jeff App, a credit scoring startup from Latvia, holds the fifth position among Europe’s fastest-growing fintechs, achieving a revenue rise from EUR 155,982 to EUR 6.6 million and a CAGR of 237.5%. Founded in 2019, Jeff App uses innovative client assessment systems based on alternative data for financial accessibility. With over 9 million users, its vision is to set industry standards in credit scoring.
Aria
Aria, a French payment startup, is the sixth fastest-growing fintech, with revenue increasing to EUR 6.1 million and a CAGR of 234.6%. Founded in 2020, Aria provides flexible payments infrastructure for business-to-business marketplaces. Its solutions simplify payment processes and offer products like invoice financing. In 2023, Aria expanded to the UK, contributing significantly to its revenue.
Wallester
Based in Estonia, Wallester ranks as the seventh fastest-growing fintech. Its revenue grew to EUR 9.14 million, reflecting a CAGR of 206.5%. Specializing in digital financial solutions and card issuance as a Visa partner, Wallester supports companies in the EEA and UK with payment solutions and corporate expense management.
Finanza.tech
An Italian fintech firm, Finanza.tech, focusing on corporate finance, ranks eighth. It achieved a revenue surge to EUR 9.99 million and a CAGR of 177.6%, assisting medium-sized companies in optimizing resource allocation and market competitiveness.
Moneybox
From the UK, Moneybox stands ninth, with revenue climbing to EUR 89.1 million and a CAGR of 148.3%. Founded in 2015, Moneybox offers comprehensive services for saving, investing, and planning financial goals. The company serves over 1 million UK customers with a platform exceeding GBP 10 billion in assets.
Titanbay
Lastly, Titanbay, a UK financial infrastructure provider, ranks tenth among Europe’s fastest-growing fintechs. Its revenue grew to EUR 1.9 million, marking a CAGR of 143.6%. Established in 2019, Titanbay connects wealth firms and asset managers in private markets, facilitating investment operations to 41 countries.
These 10 fintech companies exhibit how innovation and strategic growth can solidify their positions as leaders in the finance sector. As they continue to expand and adapt, they are setting new standards and contributing to the evolution of the industry in Europe and beyond.
