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UKRAINE – STARTUP AND
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List of UK startups to follow in 2020. Part I

Sifted created a selection of the most promising tech startups across Europe, based on the amount of capital they raised, their hiring tempo and how formative they have been to the startup ecosystems around them. AIN.TECH publishes the list of UK companies to watch in 2020.

  1. Greensill

Founded: In 2011 by Jason Austin and Lex Greensill

Valuation: €3.18B

Greensill is the provider of Supply Chain Finance for businesses and people across Europe, North America, Latin America, Africa and Asia. The company is headquartered in London with offices in New York, Chicago, Miami, Frankfurt, Bremen, and Sydney, with more than 800 specialists worldwide.

  1. Deliveroo

Founded: In 2012 by Greg Orlowski and William Shu

Valuation: €1.82B

Deliveroo owns and operates an online food delivery platform in the United Kingdom. Its platform uses “Frank’ machine learning algorithm based on predictive technology that evaluates the most efficient way of distributing orders based on the location of restaurants, riders and customers.

  1. OakNorth

Founded: In 2105 by Joel Perlman and Rishi Khosla

Valuation: €2.5B

OakNorth develops a credit platform that leverages big data and machine learning to help banks around the world improve their lending to lower mid-market businesses. Through 360-degree monitoring of borrowers’ financial and operational information, its solution allows avoiding any negative credit issues and creating a better borrowing experience.

  1. Babylon Health 

Founded: In 2013 by Ali Parsa

Valuation: €1.82B

Babylon Health is a digital health service provider that combines AI technology with the medical expertise of humans. Babylon delivers full access to healthcare, including personalized health assessments, treatment advice, and face-to-face appointments with a doctor 24/7. 

  1. Improbable 

Founded: In 2012 byHerman Narula, Peter Lipka, and Rob Whitehead

Valuation: €1.8B

Improbable is a software company that creates a cloud-based computation platform SpatialOS for game developers to create AI-powered simulations and virtual worlds for use in video games and corporate simulations.

  1. Atom Bank 

Founded: In 2014 by Anthony Thomson, David McCarthy, and Mark Mullen

Valuation: €550M

Durham-based Atom Bank is a challenger bank that offers a range of personal and business banking through its mobile banking application. It offers savings, as well as loans and mortgages to its clients.

  1. Monzo

Founded: In 2015 by Gary Dolman, Jason Bates, Jonas Huckestein, Paul Rippon, and Tom Blomfield

Valuation: €2.4B

Monzo is a millennial-friendly mobile-only neobank. The banking startup was launched with a prepaid card only, but now offers current accounts, savings and lending, claiming that more than 3.6 million people now use its cards around the world.

  1. TransferWise

Founded: In 2011 by Kristo Kaarmann and Taavet Hinrikus

Valuation: €3.18B

TransferWise provides a core money transfer platform for its audience of expats, freelancers, and travellers. The company is famous thanks to its “clever model” that means it doesn’t actually move money across borders, which would incur fees, instead of maintaining separate pots for each currency, which it then disburses funds from. 

  1. Starling Bank 

Founded: In 2014 by Anne Boden

Valuation: €540M

Starling Bank provides a mobile banking application and a debit card that enable users to manage their finances. It offers four different account types – personal, business, joint and euro, plus a child card. Starling has already opened more than 1.8 million customer accounts with over £3.6 billion in deposits.

  1. Revolut

Founded: In 2015 by Nikolay Storonsky and Vlad Yatsenko

Valuation: €4.55B

Revolut is a digital finance platform offering banking, currency exchange, cryptocurrency and stockbroking services. Led by Nikolay Storonsky, the company has around 6 million customers, up from 1.5 million a year ago, and is adding around 16,000 accounts a day.

  1. Graphcore

Founded: In 2016 by Nigel Toon and Simon Knowles

Valuation: €1.55B

Graphcore is a hardware systems company developing IPU-Accelerator cards and IPU-Appliance products that will accelerate machine learning applications. The company’s ambition is to become the Arm or Intel of the new generation of AI chips — i.e. providing the design architecture and being part of every chip made.

  1. BenevolentAI

Founded: In 2013 by Brent Gutekunst, Ivan Griffin, Ken Mulvany, and Michael Brennan

Valuation: €1.82B

BenevolentAI wants to use artificial intelligence to transform the way medicines are discovered and brought to market. It has built a platform that is designed to sift through large volumes of medical data, for example, clinical trials and academic papers, and make it faster to develop new drugs.

  1. Darktrace

Founded: In 2013 by Dave Palmer, Emily Orton, Jack Stockdale, Nicole Eagan, and Poppy Gustafsson

Valuation: €1.5B

Darktrace is a UK cybersecurity company using artificial intelligence to detect viruses and cyber threats inside a computer network. According to the company, their system is “modelled on the human immune system” and uses “self-learning cyber AI technology that detects novel attacks and insider threats at an early stage”.

  1. Checkout.com 

Founded: In 2012 by Guillaume Pousaz

Valuation: €1.82

Checkout.com provides fintech companies with a cross-border payment solution for digital commerce. The business offers direct access to domestic acquiring across payment methods and geographies, including all major credit and debit cards, online banking, PayPal, Apple Pay and other eWallets.

  1. GoCardless

Founded: In 2011 by Hiroki Takeuchi and Matt Robinson

Valuation: €273-€409M

GoCardless develops a global payments network and technology platform that takes the pain out of getting paid for businesses with recurring revenue. More than 40,000 businesses worldwide, from multinational corporations to SMBs, transact through GoCardless each month. The company has four offices: the UK, France, Australia and Germany.

  1. Culture Trip

Founded: In 2011 by Kris Naudts

Valuation: €291-€436M

Culture Trip is a global tech startup that inspires people to explore the world’s culture and creativity through technology and a global network of local content creators. With offices in London, NYC and Tel Aviv and a global hub of editorial contributors hailing from all over the world, the company gains 15 million visitors a month.

  1. Bulb 

Founded: In 2014 by Amit Gudka and Hayden Wood

Valuation: €378M

Bulb is a renewable energy retailer, supplying affordable renewable electricity from solar, wind and hydro and carbon-neutral gas to customers’ homes. Currently, over 1,3 million customers already use the company’s services. 

  1. Citymapper 

Founded: In 2011 by 

Valuation: €145-€218M

Citymapper is a public transit app and mapping service which displays transport options, usually with live timing, between any two locations in a supported city. It integrates data for all urban modes of transport, including walking, cycling and driving, in addition to public transport in over than 50 cities worldwide.

  1. SumUp

Founded: In 2011 by Daniel Klein, Jan Deepen, Marc-Alexander Christ, Petter Made, and Stefan Jeschonnek

Valuation: €1B

SumUp is a financial technology company that develops contactless card readers which process payments with a smartphone or tablet through point-of-sale (POS) apps. SumUp has successfully expanded into 31 markets and has over 1 million customers.

  1. Cazoo

Founded: In 2018 by Alexander Edward Chesterman

Valuation: €116-€175M

Cazoo is a developer of an online used car marketplace designed to transform the way people buy, finance, or rent used cars. The platform enables customers to purchase a used car online and have it delivered to their door and provides a free 90-day warranty and roadside assistance.

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