In recent Algomi news, they announced that the company has been included in the prestigious TechTour list of the 50 most technologically advanced online financial businesses for 2017. Currency Cloud, LendInvest, nutmeg, Kreditech, Calastone and Acturis are some of the other Fintech companies that made the list this year.

About TechTour

Established in 1998, TechTour brings together various entrepreneurs from across the world through the organisation of events and online matching platforms between innovative Fintech companies and investors.

Each year, TechTour partners with Silverpeak Investment Bank and targeted investors from all over the world, to evaluate and give awards to over 275 European private technology companies, most of which have at least one US investor.

And here’s the great news – Algomi was included in the list for the second year in a row. Algomi is an example of a highly successful Fintech company, which has proven that great technology can transcend geographical borders.

For 2017, the selection committee was led by Jean-Michel Deligny, Managing Partner of Silverpeak Investment Banking. Other judges included 18 international venture capital firms, advisers and experts who ranked companies based on their achievement, influence and current impetus.

Jean-Michel Deligny elaborated on the selection process: “We combine the quantitative rigour of using multiple data sources for valuation, sales growth and financing with the qualitative insight of a selection committee of leading investors and advisers in order to come up with the list of great European tech companies beyond unicorns, in fact, we specifically excluded unicorns.”

He went on to say that: “Given the quality of the selection committee and the rigour of the process, the TechTour Growth 50 is now cemented as the reference tool for all those interested in up and coming European tech companies. Each year our work is becoming more difficult as there is a growing number of great European companies. It is, of course, a very nice problem to have and explains the growing appeal of the TechTour Growth Forum as the place to meet great late-stage European tech companies.”

Here at Algomi, we are delighted to be part of the TechTour Growth 50 network for another year and we are committed to continually improving our services.