Money20/20, the world’s largest fintech trade show and the place where money makes business, showcased six startups poised to transform the world of money. The selected startups are Flexvelop, Brite Payments, Kore Laboratories, Nomyx, VelexaAND NALA. The emerging startups were presented during the Money20/20 Europe Startup Media Session on June 5 at the RAI in Amsterdam.

Money20/20 Europe brings together the most influential figures in the fintech and financial services landscape, unlocking growth opportunities for these startups to transform into major players in the sector.

“Startups have always been at the heart of Money20/20. It has been a real pleasure to see early stage startups get their start on our stages before maturing into some of the biggest players in the industry. As the world of money comes together for Money20/20 Europe, we are pleased to present startups that we believe will change the future of money, covering the entire gamut of the ecosystem, from regulation to infrastructure. Money20/20’s core mission is to identify, support and grow startups, and we couldn’t be prouder to provide a platform for these select companies as they continue their growth journey,” said Scarlett Sieber, Chief Strategy and Growth Officer at Money20/20.

The six startups are:

Flexvelop is a German flexible financing solution for business equipment, which allows companies to rent technology and purchase it at a reduced price. Thanks to this flexible leasing, rental and credit model, companies can try different equipment to see which one best suits their needs, react better to market changes and find more cost-effective solutions tailored to them.

“For Flexvelop, this is the perfect exclusive opportunity to announce our next step towards internationalization across Europe and to promote “Flexing” as a pioneering financing solution beyond German borders. We are very grateful to the Money20/20 team for this valuable opportunity,” said Dr. Hans-Christian Stockfisch

Brite Payments is a Swedish instant payments startup that offers smarter, faster and more financially sustainable ways to pay and withdraw thanks to open banking. Their technology allows funds to be transferred instantly and seamlessly with bank-grade security, minimizing risk for merchants and creating a hassle-free payment experience for consumers.

It is truly an honor to be chosen by Money20/20 Europe, which has established itself at the heart of the European fintech ecosystem, to share our payments vision and highlight the huge potential of our ready-to-use instant payments solution. . The regulatory and macroeconomic environment in 2024 will be an important catalyst for the growth of Pay by Bank payments. Boosted by new funding in 2023, we have now taken that crucial step from start-up to scale-up, placing us at the forefront of the movement,” said Lena Hackelöer, founder and CEO of Brite Payments.

Kore Laboratories is an award-winning UK-based RegTech startup digitizing financial product management to reduce regulatory risks, costs and time to market for financial products. Kore serves a wide range of financial institutions, including major European banks, investment managers and insurance companies.

“Kore Labs is thrilled to have been named by Money 20/20 as one of Europe’s most promising startups. Our flagship product, KorePRM, continues to be a category-defining product management and governance platform for the financial services industry, already adopted by leading global enterprises. Kore Labs is disrupting the industry from within, pioneering a new family of technologies specifically designed to make financial product management more transparent, efficient and fair. Kore Labs offers clarity, peace of mind and the power to make fully informed decisions for professionals in this industry, for the maximum benefit of consumers,” said Sabrina Del Prete, founder and CEO of Kore Labs.

Nomyx is an American Web3 and AI tokenization startup that enables companies to transform traditional assets into digital tokens seamlessly, securely and transparently. Companies can tokenize a wide range of assets with Nomyx, such as traditional financial assets, real estate, artwork, corporate stock, intellectual property rights, and collectibles. Nomyx unlocks liquidity for businesses and provides them with greater flexibility in portfolio management.

“We look forward to engaging with the global fintech community and showcasing the innovative solutions NOMYX brings to the table. This platform offers an unprecedented opportunity to share our vision for NOMYX and demonstrate how we are revolutionizing digital asset management,” said Ubair Javaid, CEO of Nomyx.

Velexa is a London-based API-based white label investment platform offering global market access across all major asset classes and currencies. Velexa is the only multi-asset platform offering cutting-edge B2B2C WealthTech technology that enables banks, brokers, wealth managers and other institutions to embed investment services into their portfolios, offering a unified personal finance experience for their end users, ultimately making finance less intimidating. In this way, Velexa aims to revolutionize financial literacy and wealth management across Europe.

“Thank you Money20/20 for selecting us alongside these five stellar startups and for supporting us in turning our vision into reality. Wealthtech has the power and therefore the responsibility to improve financial literacy and accessibility. We’re not just helping Europeans manage their finances; we are giving them the opportunity to embark on a transformational journey towards wealth. Our partnerships with established banks and neobanks allow us to combine innovation and trust, creating a powerful force for startup finance,” said Tamara Kostova, founder and CEO of Velexa.

NALA is an international money transfer app that allows individuals (nala.com) and businesses (rafiki.com) in the EU, US and UK to send money to 11 countries in Africa. Payments to Africa are significantly more expensive than payments to any other continent; NALA was created to reduce these fees through fast, reliable and convenient cross-border payments. NALA has grown 29 times in the last 20 months. Earlier this year, NALA became profitable and achieved 10x revenue growth over the past 12 months. Their team has grown from 7 to nearly 100 in the same time period.

“It is a great opportunity to share the incredible growth story of Africa, the fastest growing payments region in the world. Africa’s population is set to grow from 1.2 billion to 2.5 billion, and with predictions that 1 in 6 people on the planet will be African by 2050, this makes the continent the world’s largest global workforce. However, Africa’s payments infrastructure is only 1% built, and the opportunity to build the technology infrastructure for Africa’s economic revolution remains largely untapped. This limits global companies such as Uber, Netflix and Amazon from operating in the region. At NALA, our mission is to create payments for the next billion and we are excited to power this journey with Money20/20.” said Benjamin Fernandes, founder and CEO of NALA.

Money20/20’s Startup Media Session was designed as part of its goal to support startups at the intersection of finance and technology. Last year’s winners included Net Purpose, Clima Cash, Eljun, GoKind, KYP, Zing and Conduit, among others. To learn more about the startups featured this year, visit: https://www.money2020.com/

About money20/20

Launched by industry insiders in 2012, Money20/20 has quickly become the beating heart of the global fintech ecosystem. Over the past decade, the most innovative and rapidly evolving ideas and companies have driven growth on our platform. Mastercard, Wise, JP Morgan, SHIELD, Convera, Stripe, Google, VISA, Adyen and more strike transformative deals and raise their global profile with us. Money20/20 attracts leaders from the world’s largest banks, payments companies, venture capital firms, regulators and media platforms – they gather in Amsterdam to make industry-shaping deals, build world-changing partnerships and unlock opportunities that define the future (4-6 June 2024), Las Vegas (27-30 October 2024) and Bangkok (22-24 April 2025).

Money20/20 recently launched Twentyfold, a Digital Intelligence product containing the broadest and deepest repository of data on fintech startups in the world. Money20/20 is where the world’s fintech leaders come together to grow their businesses. Money20/20 is part of Ascential plc. Follow Money20/20 on X and LinkedIn for show developments and updates. We are where money makes business.

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