Monday 1 July 2019 4:07 pm

Fintech firm Revolut leads list of UK's top 100 startups of 2019

Challenger bank Revolut has claimed first place in a list of the UK’s top 100 startups of 2019, it was revealed today.

British fintech startup Revolut topped Startups.co.uk’s Startups 100 list for 2019, as it counts 5m customers around Europe and the UK.

Energy startup Igloo placed second, while retail startup Trouva took third place.

Soldo, a financial services provider for businesses, and Elder, which matches families with professional carers, made up the top five of the list.

1. Revolut


Fintech starlet Revolut grabbed the top spot on the list despite a difficult start to 2019 as one of a number of challenger banks to have emerged in recent years.

The company faced accusations of a “toxic” culture within the workplace and the resignation of its chief financial officer earlier this year.

But it also launched in Australia in a beta release last month as it expanded outside of Europe.

The fintech firm has also introduced a Revolut for Business arm in a bid to undercut forex banks charging expensive fees for foreign transactions.

Read more: Revolut launches partnerships with three charities in Pride Month push

Since being founded in 2015 Revolut now has more than 5m customers throughout the UK and Europe, largely thanks to its attractive spending options abroad and appeal to younger users.

It plans to continue its expansion after its launch in Australia to become a global bank with a host of different services.


Founder and CEO, Nik Storonsky, said: “We are delighted to be crowned the winner of Startups 100 2019, alongside some truly inspirational and change-driving companies.

“It’s great to be rewarded for our work in the industry, and we’re looking forward to building on our success. We’ll continue our mission to build a truly global bank and be a driving force in the industry as we expand globally and release a range of exciting new products in the coming months.”

2. Igloo

A challenger energy retailer, Igloo uses smart technology to help customers keep an eye on their usage, easily submit readings, and offer tariff recommendations.

The company has also partnered with Tesla meaning customers can charge their electric or hybrid cars using the greenest power sources.

3. Trouva

Trouva is a former Startups.co.uk award winner and has continued to enjoy great growth since its inception in 2015.

The software-enabled marketplace allows customers and independent retailers to connect and has more than 150,000 unique products on sale.

“We’re over the moon to have debuted at number 3,” said Mandeep Singh, co-founder and CEO of Trouva. “2018 was another year of unprecedented growth for Trouva, with European expansion taking us to the best creative neighbourhoods across the continent.

“This news is testament to the hard work of the Trouva team, as well as our community of over 700 independent boutiques. Trouva will continue to take the world’s best independent retail online, enabling customers to easily access unique, hard-to-find homewares, handpicked by master curators”

4. Soldo

The fintech firm allows companies to budget staff and department spending all in a single account, providing employees with pre-paid cards and limits.

Soldo has grown more than 500 per cent in the last year and now serves more than 60,000 businesses.

“The UK is first in class for fintech, and the sector more than tripled its previous record to hit $2.3bn of venture capital funding so far this year, Carlo Gualandri, founder and CEO tells City A.M.

“We’re the only company offering enterprise grade spend management services to businesses of all sizes and we were the third company ever to be awarded an e-money licence from Ireland’s central bank, making us Brexit-ready and ensuring that all our European customers would experience uninterrupted service in any eventuality.”

Soldo found and CEO, Carlo Gualandri
Soldo founder and CEO, Carlo Gualandri

Read more: Mobile banking to overtake branch use by 2021

5. Elder

The company’s app allows families to be matched with professional carers so that the elderly can live at home for longer, while ensuring they are vetted and trusted.

Elder, which was also named the third fastest growing company in the UK by Tech5, is facilitated more than 250,000 days of care since being founded in 2015.

“We are thrilled to be recognized for the 2nd time,” said COO, Gemma Bloemen. “This is a true testament to the hard work of our team and the incredible carers who work with us.”

Here’s the UK’s top 100 startups of 2019:

1 – 20

RankCompanyFoundedSector
1Revolut2015Finance
2Igloo2017Energy
3Trouva2015Retail
4Soldo2015Finance
5Elder2015Healthcare
6Glenhawk2018Finance
7Zego2016Finance
8Streetbees2015Tech
9Guestready2016Hospitality
10Thriva2016Tech
11Mindful Chef2015Consumer
12Airsorted2015Hospitality
13Cazoo2018Tech
14Echo2015Consumer
15Trint2016Tech
16Patch2016Retail
17Feast It2017Hospitality
18Attest2015Tech
19GoGram2017Tech
20Tempo2017Business services

21 – 40

21PolyAI2017Tech
22WeGift2015Tech
23Trussle2015Finance
24Lumen2018Tech
25Dozens2018Finance
26Ravelin2014Tech
27Goodlord2014Tech
28GoodBox2016Finance
29MyTutor2014Education
30Cudoni2017Business services
31Birdie2017Tech
32Gadget Discovery Club2018Consumer
33H2O Hygeine Ltd2017Construction
34Senseye2014Tech
35Floom2016Business services
36Quorso2016Business services
37Attachment2017Media
38Brand Advance2018Media
39Panaseer2014Tech
40Feedr2017Tech

41 – 60

41Debut2015Tech
42Shepper2016Business services/products
43Big Youth Group2018Education
44Home Made2016Tech
45Hazy2017Tech
46Fat Llama2016Tech
47By Miles2017Finance
48The Cheeky Panda Ltd2016Consumer
49Countingup2017Finance
50Mayku2015Consumer
51Edgify2015Tech
52Tide2015Tech
53Switchee Ltd2015Tech
54Rentuu2018Tech
55Muzmatch2015Tech
56Fancy Dress Worldwide2016Consumer
57Farillio2018Legal
58Issoria2016Business services
59Capitalise2014Finance
60Red Rickshaw2016Tech

61 – 100

61Howamigoing2018Tech
62Learnerbly2017Education
63Skyrora Ltd2017Tech
64Atom Learning2017Education
65Nivo2017Finance
66Scape Technologies2016Tech
67OneFifty Digital2016Media
68KASKO2015Tech
69Talentful2015Business services
70Broadstone2018Tech
71Laundryheap2014Consumer
72Maddox Events Limited2015Media
73mmadigital2016Tech
74ideal flatmate2016Tech
75Concured2015Business services
76Freetrade2016Finance
77Tutor House2015Education
78StateZero Labs2018Tech
79Tshirtify Ltd2015Business services
80BlackCurve2016Tech

81 – 100

81ChargedUp2017Consumer
82Factory 422016Media
83Hostmaker2014Hospitality
84Reedsy2014Media
85Emilia’s Crafted Pasta2016Hospitality
86JHP Recruitment Ltd2015Business services
87Perlego2016Education
88The Vurger Co2016Hospitality
89The Dots2014Tech
90HoloMe2017Tech
91Stasher2016Hospitality
92Bibblio2015Tech
93Encore Musicians2014Media
94Sideways 62014Tech
95Vestd2015Tech
96BIOS2015Tech
97Yapster2015Tech
98Baby2Body2014Consumer
99Linkilaw2015Legal
100Vet-AI2018Tech
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