The competition will be hosted and co-organised by Startupbootcamp Fintech and feature some of the best of Europe’s fintech start-ups, which will go head to head to compete in front of some of the biggest venture capitalists in technology.

LendIt Europe will take place at the Intercontinental London – The O2 on 9-10^th October, with the PitchIt event taking place on the second day.

From a long list of over 100 start-ups that applied to take part, the finalists have been whittled down to just eight.

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The confirmed finalists are:

• Sonect AG – the Swiss-based, virtual ATM business that will allow consumers to withdraw cash from merchants.
• Canopy – provides renters with a digital identity of recommendations from previous landlords, will replace deposits with low-cost insurance against the renter
• Penta Bank – the German digital bank that provides business bank accounts for tech companies in Europe
• Trade Quorum –the blockchain-enabled digital global trade finance platform and marketplace for importers, exporters, shipping companies and many more
• Spendesk – the smart company card provider which offers a real-time payment tracking dashboard
• FriendlyScore – the alternative credit score provider which uses social media as a measuring tool
• VerumView – the Israel-based, alternative credit-scoring bureau which uses customers’ email boxes to determine creditworthiness
• Combine – the consumer finance management app which helps customers manage all their bank accounts from anywhere in the world.

The LendIt event will offer start-ups that attend mentoring in VC 1:1 sessions as well as the potential to secure additional funding.

Peter Renton, chairman and co-founder of the LendIt Conference, added: “The variety of start-ups taking part in this year’s PitchIt really demonstrates the up-and-coming talent we have entering the industry.

“From renters’ insurance to digital ATMs, there are businesses here the likes of which we haven’t seen in the market before.”