Oct 11, 2021

Top 10 Tech Unicorns

Tech
Technology
Unicorn
european
3 min
We take a look at the top 10 unicorns in Technology

The United States has long been the home of exciting technology startups. In this list we look at the top 10 European tech unicorns ranked by valuation.

10. Trade Republic

Trade Republic is a mobile-only and commission-free broker that provides opportunities. Founded in Berlin, Germany, the fintech company is valued at US$5.3bn. The Trade Republic app provides a fast, mobile account opening, intuitive search and filter functions, and a personal timeline. 

9. Hopin

Valued at US$5.65bn, Hopin offers an all-in-one event management platform that makes planning, producing and reliving event experiences simple and easy. Founded in London and launched in 2019, Hopin's aim was to give organisers the ability to create the in-person event experience as closely as possible. It wanted to do this in an online capacity so customers can make meaningful interactions and network remotely. 

8. Mollie

Mollie is a payments platform that offers an easy-to-implement process for integrating payments into a site or app. Based in Amsterdam in the Netherlands, Mollie is valued at US$6.5bn and has four other locations across Europe. The company says it is a pioneer in the payment industry as well as being one of the fastest growing payment processes in Europe.

7. Getir

Meaning ‘bring’ in Turkish, Getir is a Turkish company founded in 2015. The company has developed a mobile application that offers an on-demand, ultrafast delivery service for grocery items. As well as this it has a courier service for restaurant food deliveries. Since it was founded in 2015, Getir has expanded aggressively and doubled its orders in the second half of 2019 to reach almost 1.5mn in December of that year.

6. Rapyd

Rapyd is a payments platform that inserts fintech services into any app and simplifies the complex offering of local payments methods. It has built technology that removes the back-end complexities of cross-border commerce and provides local payments expertise. Its fintech-as-a-service platforms - Collect, Disburse, Wallet, and Issuing - seamlessly embed localised fintech and payments capabilities into customers applications in a simple way.

5. Celonis

Founded in Munich, Germany, Celonis is the global leader in execution management. The Celonis Execution Management System, which the company launched in 2020, provides companies with a modern way to run their business processes entirely on data and intelligence. 

4. Global Switch 

Global Switch creates data centres that set new standards in scale resilience and connectivity. The company owns and operates 13 data centres in centrally located Tier 1 cities across Europe and Asia-Pacific. This comes to a total offering of 428,00 sq m of technical space. Global Switch is one of the world’s highest credit rated data centre providers and has been valued at US$11.1bn.

3. Checkout.com

Valued at US$15bn, Checkout.com is an API-based platform providing online payment solutions that improve the user’s checkout experience. Checkout.com’s end-to-end platform has flexible tools, granular data and deep insights so customers can innovate, adapt their marketers, create outstanding customer experiences and make smarter decisions faster. 

2. Revolut

Revolut is a financial services company that specialises in mobile banking, card payments, money remittance, and foreign exchange. In 2015 Revolut launched in the UK and offered its customer’s money transfer and exchange. Now the company offers accounts featuring currency exchange, debit cards, virtual cards, Apple Pay, interest-bearing “vaults”, commission-free stock trading, crypto, commodities, and other services.

1. Klarna 

Swedish Fintech company Klarna provides online financial services such as payments for online storefronts and direct payments along with post-purchase payments. Klarna’s customers, when making a purchase, can choose to pay for their items in full 30 days after the purchase, or its easy and transparent credit option allows you to spread the cost of your purchase over 6-36 months. Klarna is the leading global payments and shopping service. It provides smarter and more flexible shopping and purchasing experiences to 90mm active consumers across more than 250,000 merchants in 17 countries.

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Leila Hawkins
Cloud & Cybersecurity