Forbes magazine has presented the “European Midas List.” This list is a ranking of the most successful investors in Europe.
This year the list was headed by a partner of the venture capital firm Index Ventures, whose success was brought by investments in fintech startups.
Born2Invest mobile application provides comprehensive, real-time, relevant financial news, research, and content from popular sources.
By using the B2I app, you can stay on top of the most interesting financial decisions, business news, and fintech related affairs.
European investors are targeting fintech
Forty-three-year-old Jan Hammer has been in the first place in the rating for the second year in a row.
Hammer has successfully invested in the insurance startup Alan and bank aggregator Capitolis. Both of them have received substantial investments this year.
Alan closed the investment round in February, during which the company attracted about $44 million. Two weeks ago, with the help of Spark Capital and SVB Capital, the startup received $40 million.
In addition, Hammer has also invested in TransferWise, which now costs $3.5 billion. At the very beginning, he supported the brokerage service Robinhood. Robinhood is a startup currently estimated at $7.6 billion.
The best financial companies on the “Midas List“
According to the non-profit organization Innovate Finance, the United States remains the largest financial market in the world.
In the first eight months of 2019, American startups received almost $9.4 billion from investors.
Despite this, the European market is steadily growing. For example, London has already outstripped New York in terms of the volume of funds raised for financing fintech companies – $2.1 billion compared to $1.93 billion.
Financial start-ups in the Forbes list
Forbes named the companies that have become growth drivers for the European venture capital market this year. It should be noted that among them there are also a number of fintech startups, which proves the prospects of this sector.
One of the highlights was the startup Stripe, which is the most high-valued fintech unicorn and one of the most high-valued startups in general.
In September, the startup attracted $250 million from investors and raised its valuation to $35 billion.
Stripe was founded in 2010 by brothers Patrick and John Collison. The company is providing customers with a dedicated API that allows e-commerce companies to integrate the service into their websites or applications.
Its clients include Airbnb, Uber, and Amazon. In 2019, four Midas List members invested in a startup.
The start-up that handles payments for online retailers
The Dutch startup Adyen was also on the list. The company handles payments for online retailers. The startup’s services are used by more than 3,500 customers, including Facebook, Uber, Alipay, and others.
The company gained a reputation as an industry leader after a successful IPO, during which Adyen raised $1.1 billion. This summer, the creators of the platform, CEO Peter van der Dawes and CTO Arnaud Shuiff, decided to sell 15% of their shares in the company.
Their total value amounted to about $352 million. The reason for the sale was the diversification of portfolios. Jan Hammer was amid the investors who bet their money on the company.
A representative of the Latin American fintech market, the Nubank, also made it to the top of the list. DST Global and, in particular, Thomas Stafford invested $10.4 billion in this Brazilian startup.
In October, Nubank’s CEO David Velez said that 15 million customers use the services of his companies. It should be noted that in July the number of clients was 20% less.
Founded in 2013, Nubank has already attracted more than $1 billion in venture capital investments. Over the past year, it has increased its value by $6 billion.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in BLOOMCHAIN, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Top 10 Forex Risks To Consider Before Starting Currency Trade
This article shows you the fx risk to expect while performing forex trade and how to mitigate them and ensure...
Why are investments in the fintech sector set to break records this year
The fintech sector has had a great year so far, according to investor Humberto Herrera Rincón Gallardo, who thinks that...
Biotech companies are getting closer to find the eagerly awaited COVID-19 vaccine
Moderna agreed to sell its coronavirus drug at a "pandemic price" of $32-37 per dose.The biotech company registered losses of...
Switzerland returns $35.6 million to cannabis light producers
Swiss companies producing light cannabis products have received $35.6 million (€30 million) from the customs authorities for illegal taxes previously...
The iCashly finance management app campaign overfunds within an hour of launch
iCashly is a new finance management app that is about to be launched, after succeeding to overfund the crowdfunding campaign...
Business7 days ago
How to keep people on your website longer
Biotech6 days ago
The Spanish pharma sector increased its profit by 18.4% in the first semester of the year
Business6 days ago
The financial guide for newlywed millennials
Featured5 days ago
The Italian fintech company Fido closes a €1.1 million financing round