In the first three quarters of 2024, fintech companies have demonstrated remarkable resilience and innovation, raising nearly €9 billion across over 344 deals.
While they currently hold the third position within the broader investment landscape, fintech emerged as a frontrunner in April (€922.9 million), May (€3.3 billion), and September (€996.6 million), highlighting its pivotal role in shaping the industry.
Among these investments, seed deals accounted for approximately €194 million, underscoring the growing interest and confidence in early-stage fintech ventures. As the sector evolves, it remains at the forefront of financial technology, driving transformative solutions catering to an increasingly digital world.
Here are the ten biggest seed deals among fintech companies in the first three quarters 2024.
Cloover (Germany)
Cloover is renewable energy company that connects all relevant stakeholders of the energy transition — installers, prosumers, manufacturers, energy providers, and investors — through its software, finance, and energy solutions.
The company’s mission is to provide seamless point-of-sale technology for countless mission-driven professionals and the millions striving for more sustainable lifestyles.
In May, the company raised $114 million to boost renewable energy transition.
Build on Bitcoin (UK)
Build on Bitcoin (BOB) is a “first-of-its-kind” hybrid Layer-2 powered by Bitcoin and Ethereum.
BOB serves as the tool for DeFi and innovation across all fields of Bitcoin use cases and experimentation. As a hybrid Layer-2 (L2) solution, it harnesses the combined strengths of both the Bitcoin and Ethereum ecosystems.
BOB utilizes the Ethereum Virtual Machine (EVM) to create and execute smart contracts, ensuring seamless compatibility with existing developer tools, wallets, and essential infrastructure.
Earlier this year the company closed a $10 million seed funding round.
Bourgeois Boheme (Lithuania)
Bourgeois Bohème (BoBo) is a financial service for wealthy individuals , designed to streamline high-value transactions and provide 24/7 personalized assistance.
The company offers high-limit accounts, enables third-party onboarding to manage transactions on behalf of primary account holders, handles expense reconciliation, and addresses lifestyle requests. With its exceptional support, BoBo can save up to 50% of administrative time.
During the summer, Bourgeois Boheme raised a €6.5 million seed round led by investment firm Graphit Lifestyle.
AbbeyCross (UK)
AbbeyCross was founded to address the challenges faced by banks, payment companies, NGOs, and their clients in emerging markets.
The company aims to solve the high costs and inefficiencies of payments to these regions, which stem from legacy banking systems, operational complexities, and the lack of clear market conventions.
With deep industry experience, the founders launched AbbeyCross in 2021 after engaging with industry peers to develop a solution for the structural issues in the wholesale FX and payments market for emerging economies.
In January, the company raised $6.5 million for emerging markets FX platform.
Fairown (Estonia)
Fairown is a fintech company that enables banks, brands, and retailers to offer products as a service.
Operating in nine European markets and serving around 100,000 consumers, Fairown is recognized by Asset Finance Connect's top financial experts.
The platform combines product buyback and credit, providing an asset-light solution for merchants, helping them boost sales and enhance customer loyalty sustainably.
Recently, the company has raised €5.7 million in a seed extension round.
Palm (Sweden)
Palm is a Sweden and Netherlands-based fintech created to streamline cash management for enterprise treasury teams.
Palm is a platform designed to help Treasury teams streamline the movement of funds across numerous bank accounts and subsidiaries.
With its all-in-one view of past and projected cash flows, Palm acts as a control center for managing daily financial operations. It has reduced operating cash balances by more than 30% and consistently surpasses traditional human-generated forecasts in the majority of accounts.
Recently, Palm raised $6.1 million to streamline enterprise cash management.
IN1 (Poland)
IN1 is a groundbreaking global platform for the unified financial management of both fiat and cryptocurrencies.
Leveraging advanced technologies, it integrates smoothly with other financial services, allowing users to manage all their cards and accounts through a single, user-friendly mobile app.
IN1 offers fiat accounts, a crypto wallet, and the world’s first card that allows easy switching between fiat and crypto. The platform adheres to strict regulatory standards and employs top-tier security measures to safeguard users' funds.
The company raised $6 million in September, to finance the final stages of product development.
NEBRA (UK)
NEBRA is a crypto startup focused on advancing the privacy and scalability of blockchain technology through zero-knowledge proofs (ZKPs).
NEBRA's innovative approach seeks to make ZKP settlements more efficient and affordable, positioning it as a leading platform in the blockchain ecosystem.
In April, NEBRA closed its $4.5 million raise in a combined pre-seed/seed round led by Nascent and Bankless.
Embea (Germany)
Embea is a life insurance company that offers coverage through digital platforms.
The company’s straightforward plans protect families against major life risks, including critical illnesses, accidents, and death. Businesses of all sizes can seamlessly integrate their simple and transparent insurance products into their apps and services.
Embea eliminates complexity, paperwork, and aggressive sales tactics from the life insurance experience. The company’s vision is to create a world where fair and affordable insurance is accessible to all.
Earlier this year, the company raised €4 million to build a pan-European embedded life insurance platform.
Eleos (UK)
Eleos is the UK’s only provider of fully digital life insurance and income protection products.
The company partners with popular brands to white-label and embed these products into online experiences, using data to streamline awareness, quotes, and applications.
Eleos addresses key industry gaps: poor communication around financial protection and the lack of digital solutions. Its proprietary B2B2C platform offers seamless API integration, enabling partners to generate new revenue streams, improve customer retention, and benefit from full regulatory compliance under Eleos' FCA authorisation.
In July, the company raised €3.75 million in seed funding for digital life insurance solutions.
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