Analysis

July 7, 2020

Why this group of fintechs could be Europe's next unicorns

An army of banking platforms are growing fast, and may soon be getting much more attention


Isabel Woodford

5 min read

It's difficult to get excited about startups you can't see.

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Source: The Sift. How enablers work and the major players in the fintech infrastructure space. For the purposes of this graphic, "middleware" is used to distinguish between those who have a local bank license and those without. Note, many of those categorised as "middleware" do not solely provide a software layer; they often also provide key regulatory licenses and other parts of the banking stack.
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Source: CB Insights. Europe's fintech unicorns are primarily made up by consumer, digital banks at present
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Nicolas Brand, Lakestar
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