Europe’s Leading Tech Startups To Watch Out For In 2018

Many countries in Europe are taking action to become more attractive to entrepreneurs looking to plant their seeds and grow companies, a smart investment in the future of each country, the continent, and the world. This boost of startups is mainly due to thriving technological ecosystems, an abundance of great entrepreneurs, talented teams to support them, and investors (both public and private) who believe in the ideas.

We’ve picked a few European startups your should watch out for in 2018:

#1 Spendesk

France is one of the most aggressive countries in attracting startups from all over the world. One of the newest and most promising ones is Spendesk. Officially launched in 2016, Spendesk offers a new way to manage team expenses without the hassle of giving out company credit cards or filling out expense reports. This Paris-based startup wants to revolutionize how companies process their expenses all the way from creating and processing purchase requests, to making payments and taking care of receipts. As of the first quarter of 2017, Spendesk raised €1.8 million euros in venture capital and is expected to continue growing in 2018 to offer its services to companies in more countries.

#2 Capital.com

With the continuous and steep development of Artificial Intelligence, there is a large group of startups trying to take advantage of what this technology can offer. Capital.com is one of the most promising startups in the FinTech area. Based in Limassol, Cyprus, Capital.com developed a mobile trading app that uses AI to allow customers to invest using different financial instruments and also offers access to educational materials about finance. This app is regulated by the Cyprus Securities and Exchange Commission to offer a safer and more secure experience.

#3 Circle

With team members in Dublin and London, Circle wants to change and innovate the way people make and receive payments. Claiming to be the first and only platform to offer cross-border cash payments from an App into a US bank at no cost, Circle has managed to offer P2P payments with native euro support and is available as an app on iOS and Android devices. Circle has a promising way to improve person to person financial transactions across borders. They managed to raise €110 million from 19 investors.

#4 Heek

Website building has gone from a mysterious science dominated by few to a wide variety of tools that offer drag and drop website building for pretty much anyone. Heek has managed to create a conversational website that helps people create their website by allowing them to chat over text messages to ask and answer questions about what they need. This interface has chatbots that are curious about the users, the type of business, their sites and other facts, and offers a variety of templates users can personalize. Officially launched in 2016, they were able to raise €700K in seed funding and are worthy of keeping an eye on this year.

#5 Coinify

As the cryptocurrency and blockchain trend continues to run and gain strength despite some down moments and criticism, many entrepreneurs look into this emerging economic and financial system to innovate. Coinify is a startup from Copenhagen that provides a service for merchants and consumers with a blockchain method of payment that works with global payment providers, online merchants, physical shops, and individuals. Coinify raised €3.2 million last year for venture capital and has recently teamed up with Nasdaq to trial blockchain for mutual fund trading.

#6 Feed

After raising €2.4 million dollars last year, Feed is one of the most promising food startups to come out of France lately. Feed was founded in 2016 and claims to offer “nutritionally perfect” meals that are packaged into small and easy to consume forms, like drinks and bars. Feed sells its products online and is currently accelerating its growth into more countries in Europe and wants to incorporate new vegan, gluten-free, lactose-free, GM-free, and nut-free lines to expand its “healthy foods” consumer base.

#7 ID Finance

Founded in 2013 in Barcelona, ID Finance specializes in providing loans in emerging and growing markets in regions such as Latin America. With over 50,000 loans issued every month, ID Finance promises to continue to expand to new regions and is a startup to watch closely this year. It even managed to raise €40.5 million in debt financing last year from sources such as TransKapitalBank, BforBank, and Russian food magnate Vadim Dymov.

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