Fintech , in particular payments, has made its own legend in Europe. From the Netherlands to the Nordics, many such big players and wannabes like Adyen, Klarna, and Checkout.com have already begun pioneering things. While these superstars shine brightly, new contenders are catching the eyes of investors who can take e-commerce and financial transactions to a new level.

 

Of course, European fintech raised about $4.2 billion in the first half of 2023, with payments alone contributing $618 million! Yeah!!!, it's a slight dip compared to last year, but funding rounds like these deserve a slow clap! 

 

Let's shine some light on the next-gen payment startups that could soon become household names.

 

1. Payable — UK

Payable helps the companies get paid faster and keeps finance operations in check. It is a perfect fit for businesses today that need to have cash flow under their control but are also flexible. That is exactly what Payable gives them, Just like that.

 

2. Simpler — UK

“Easy-peasy checkout, please!” That's Simpler for you. Founder Rania Lamprou developed one-click checkout, abolishing usernames, passwords, and lengthy forms. That's it! One click. With the emergence of the “no-time-to-waste” consumer, it is no surprise Simpler is making waves.

 

3. Total Processing — UK

Manchester-based Total Processing has taken a payment service to the next level for businesses, allowing them to accept 180+ currencies, fraud prevention tools, and more. It is the Swiss Army knife for solving payment solutions' needs, saving any international business in terms of cash that it might require fluidly.

Statement understands the pain of changing payment processors, much more so among small businesses. The price comparison on their website will save businesses big bucks on deals that they would otherwise never know existed. Cash-conscious companies just might find themselves a new best friend in the Statement!

 

5. Payflows — Netherlands

They always try to keep cashflows of companies steady with rising interest rates and market changes. For that, they have designed treasury management software from Payflows. It is like having a personal CFO on hand that manages liquidity and reduces financial stress for big enterprises.

 

6. Hyperline — France

SaaS players, rejoice! Hyperline makes recurring billing and subscription management easier. You can handle usage-based pricing, customized discounts, and more. It's the best place for stability in a maelstrom of complex billing for a fast-growing startup.

 

7. Brite Payments — Sweden

Brite brings instant, account-to-account (A2A) payments to the checkout experience. All about speed and fraud prevention, consumers seamlessly rush through purchases without a card. With operations across 24 European markets, Brite keeps things quick, easy, and secure.

 

8. FlatPay — Denmark

Cafés, boutiques, and small independent retailers, listen up. FlatPay brings the ideal POS solution for owner-managed businesses: it's card-heavy friendly, scales fast, is already being implemented in Denmark, Finland, and Germany.

 

9. Solvimon—Netherlands

You can also probably make your usage-based pricing easier. Solvimon's platform is made to help companies with flexible usage-driven pricing manage their billing. So, their system makes the lives of finance teams more bearable by integrating billing and pricing options plus insights on customers-they have the medicine for the industry's ills.

 

Conclusion

Here are emerging startups that are, in their own way, charting new courses in a landscape molded by big players like PayPal and Adyen-an innovative, evolving space with potentially some next big players in European payments. European payments will be bright and fast.