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Most disruptive European fintech companies
By Lana P
OurHometown.ca

Most disruptive European fintech companies

If there’s one thing that can be said with certainty, it’s that the financial market is constantly growing, and Fintech innovations are replacing traditional ways of paying. As you may already know, Europe is one of the pioneers in the technological revolution. With that said, the question that most people want an answer to is which are the most disruptive European fintech companies?

PHOTO CREDIT - Pixabay.com


- Sep. 30, 2021:
If there’s one thing that can be said with certainty, it’s that the financial market is constantly growing, and Fintech innovations are replacing traditional ways of paying. As you may already know, Europe is one of the pioneers in the technological revolution. With that said, the question that most people want an answer to is which are the most disruptive European fintech companies?

Generally, the emergence of new innovations has truly done a lot of good things. For instance, paying with cards, whether you purchase clothes online or want to make a deposit for playing online slots like these, has never been safer than it is now.

There are a many ways in which Fintech innovations help finance transactions, some of the main ones being safety, efficiency and speed. The matter of fact is that with Fintech innovations, payment security is drastically increased as well as the chances of fraud are reduced to a minimum. In addition, the use of technologies such as Firewall and VPN ensures that hackers can’t gain access to your financial data, which is highly important.

Once upon a time, financial technology was looked at as a technology applied only in the branches of traditional companies and banks. However, today, it describes a huge number of innovations in both commercial and personal finance, which is a significant improvement.

N26 Bank

Thanks to the internet, nowadays, it’s possible to open a bank account in Europe without going to the banking institution itself. N26 Bank really simplifies the whole process. Basically, you can open an account in this bank within 10 minutes. This bank is a fintech startup based in Germany, started in 2013 and launched as a bank two years later.

This financial institution doesn’t have a physical branch. Instead, all transactions are performed exclusively via the internet. N26 Bank currently operates in 23 countries, and that number continues to grow. Anyone who wants can open their account for free, and N26 account holders can even make up to five free ATM withdrawals in any country of the EU.

One thing that is extremely good and reliable about this bank is that the N26 support team is available 24 hours a day, seven days a week, and offers guidance and help in five languages: Italian, Spanish, English, French, and of course, German.

Klarna

The first and main reason why Klarna is so successful is precisely that it provides a good product. This fintech company allows consumers to easily, securely, and quickly settle outstanding payments instantly, later, or in installments.

The fact that this company works with over 200,000 retailers such as Spotify, Zara, MediaMarkt, Adidas, and H&M speaks volumes about how successful and reliable this company is. This fintech company currently employs over 3000 people in 17 different countries.

Additionally, less than a month ago, Klarna and the world’s leading cross-border e-commerce platform called Global-e announced an expanded partnership to offer flexible payment options to people across Australia, Italy, Spain, UK, the US, and France.

This fintech company has found the perfect balance in providing the necessary solution and at the same time creating a fun experience for customers. The option for delaying payments allows customers the opportunity to live a lifestyle they otherwise could not have.


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