Fintech Ecosystemsa

How do France, Germany

and the UK compare

The first startup rating agency

Early Metrics has been analysing tech trends emerging from Europe’s innovation hubs for the past

five years. With offices in France, Germany and the UK, the startup rating agency is fully immersed

into these dynamic ecosystems. Here is how these countries compare in the fintech sector.

GROWTH POTENTIAL

UK Germany France

2018 2019

FINTECH FUNDING

€4.4 B

€3.9 B

€1.13 B

€1.9 B

€392 M

€699 M

€725 MInvested in British

startup Greensill - the

biggest sum raised

by a European

Fintech in 2019

Distribution of startup growth potential scores based on 3094 ratings conducted by Early Metrics

RISING STARSHighest scoring startups rated by Early Metrics

Crossflow Payments

Working capital

marketplace

4Stop

KYC & Compliance

SESAMm

AI for investment

SUBSECTORS TO WATCH

Insurtech

Data-driven risk management &

customer experience solutions will be more

widely adopted.

Lending

Demand will keep

increasing for

alternative financing tailored to SMEs and

gig-economy workers.

Open banking

Integration of third-party solutions as well as

partnerships between tech and financial players will

continue to grow. Challenger banks are also likely to

generate more mega-rounds in 2020.

The British fintech

sector is considerably

more mature and

therefore more

competitive than in

France and Germany,

making it more difficult

for emerging startups

to carve out their place

in the market – hence,

a slightly lower

growth potential

average score.47 49 51 53 55 57 59 61 63 65 67 69 71 73 75 77 79 81 83 85 87 89 91

UK Fintech Avg. Rating DACH Fintech Avg. Rating French Fintech Avg. Rating

To learn more, reach out at contact@earlymetrics.com or visit www.earlymetrics.com