As a celebration of innovation and new technology, Red Herring each year highlights companies from all over the world who are well-positioned to see explosive growth in their respective industries.

With Apiax also one Swiss Fintech made it on the list. Penta Fintech was the selection for Germany.

Here are the 14 European Fintech Winners:

AlgoDynamix (United Kingdom)

AlgoDynamix risk analytics provide advance warning of major directional market movements.

Apiax (Switzerland)

Founded in 2017, Apiax is an award-winning Swiss regtech startup that builds and offers tools transforming complex written financial regulations into binary, machine-readable digital compliance rules.

B2B Pay ( Finland)

Offer non-residents a business virtual bank account in Europe.

EstateGuru ( Estonia)

EstateGuru is the leading European marketplace for short-term, property-backed loans.

etoshi ( Spain)

next generation blockchain platform that enables the whole ecosystem to work under one frictionless product.

Kaiko (France)

Kaiko is a market data provider in the blockchain-based digital assets space, providing institutional investors and market participants with enterprise-grade data infrastructure.

Leveris ( Ireland)

A cloud-native, real-time, non-legacy core banking system built for better banking and smarter lending

Meilleurtaux (France)

Meilleurtaux.com has established itself as one of the leaders in internet brokerage.

Papaya Global (Israel)

Papaya Global is reinventing global payroll, payments, and workforce management.

Penta Fintech ( Germany)

Penta is the digital platform for business banking aimed at SMEs and startups.

Qvalia (Sweden)

Qvalia helps companies take control of their data and automate their business.

TradeIX (Ireland)

TradeIX is rewiring trade finance by providing the most connected and secure platform infrastructure for corporates, banks, asset managers, B2B networks and value added service providers.

TransferGo (United Kingdom)

TransferGo is a digital remittance solution for migrant workers launched in September 2012.

Trezeo (Ireland)

Trezeo membership provides a unique range of financial services and protection for independent workers, giving them financial peace of mind and reducing their work-related stress while increasing their financial stability and supporting their future aspirations.