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Biggest UK blockchain startups capitalising on Bitcoin boom

Blockchain technology has seen a historical rise in the past few years due to its versatility and decentralised nature. The underlying mechanism for cryptocurrencies such as Bitcoin is now being incorporated in many different sectors spanning a wide range of use cases.

Blockchain is transforming everything from payment transactions to how money is raised in the private market. With Austrian neobroker BitPanda becoming a crypto unicorn with their latest $170 million (nearly £122.5 million) Series B funding and planning aggressive expansion plans for the UK, we take a look at the biggest blockchain companies in the UK.

Blockchain.com
Image credits: Blockchain.com

Blockchain.com 

Funding: £136M

Founders: Benjamin Reeves, Nicolas Cary, and Peter Smith

Location: London

Blockchain.com provides digital wallets to buy, trade crypto, send, receive, secure, and borrow digital currencies. The company is backed by leading investors including, Lightspeed Venture Partners and Google Ventures.

Argo
Image credits: Argo Blockchain

Argo Blockchain 

Funding: NA

Founders: Peter Wall

Location: London

Argo is a publicly-traded blockchain technology company focused on large-scale cryptocurrency mining. Back in February, the company announced that they have mined 129 Bitcoin or Bitcoin Equivalent compared to 93 BTC in January. This takes the total amount of BTC mined year-to-date to 222 BTC. At the end of February, the company held a total of 599 BTC. 

SETL
Image credits: SETL

Setl

Funding: £31.2M

Founders: Peter Randall

Location: London

Setl is building blockchain-based solutions for financial markets, asset management, and payments. The company enables market participants to move cash and assets directly between each other, facilitating the immediate and final settlement of market transactions. 

It has a permissioned distributed ledger of ownership and transaction records, simplifying the process of matching, settlement, custody, registration, and transaction reporting.

James Smith

Elliptic

Funding: £27.6M

Founders: Tom Robinson

Location: London

Elliptic is a provider of crypto-asset risk management solutions for crypto businesses and financial institutions. The company prevents, detects, and pursues criminal activity in cryptocurrencies. 

It also identifies illicit activity in cryptocurrencies, providing actionable intelligence to cryptocurrency companies, financial institutions, and government agencies. 

Everledger
Image credits: Everledger

Everledger

Funding: £27.6M

Founder/s: Leanne Kemp

Location: London

Everledger employs blockchain technology to track the provenance of diamonds and other high-value assets, including fine wines, ensuring quality and authenticity for buyers. It is focused on creating and maintaining ecosystems of trust to address real-world challenges.

Gospel Technologies
Image credits: Gospel Technology

Gospel Technology

Funding: £6.5M

Founder/s: Ian Smith

Location: London

Gospel Technology provides a secure data-sharing platform to businesses. The company has built a platform that intends to enable secure, yet efficient, data collaboration – without restricting access. 

Using a ledger, the platform allows businesses to securely share data between both employees within the enterprise and enterprises in supply chains and partnerships. 

Travala
Image credits: Travala

Travala.com

Funding: £1.2M

Founder/s: Juan Otero, Matthew Luczynski, Steven Hipwell

Location: Eccleston

Backed by Binance, Travala aims to be one of the world’s largest blockchain-based online travel agencies. This online travel agency accepts any of the 30 most popular cryptocurrencies for payment in addition to traditional payment options. Further, the company offers enhanced discounts, rewards, and a stake in the success of Travala.com.

Coinfirm
Image credits: Coinfirm

Coinfirm

Funding: £11.5M

Founder/s: Grant Blaisdell, Jakub Fijolek, Maciej Ziolkowski, Pawel Aleksander, Pawel Kuskowski

Location: London

Coinfirm offers AML and regulatory technology for blockchain and cryptocurrencies. It offers the industry’s largest blockchain coverage, supporting over 1,400 cryptocurrencies and protocols including Bitcoin, Ethereum, Hyperledger, and many more. 

The company’s solutions are used by market leaders globally, ranging from crypto exchanges such as Binance, and protocols like XRP, to major financial institutions like PKO BP.

Finboot
Image credits: Finboot

Finboot

Funding: £2.8M

Founder/s: Angel Pateiro, Carlos Abellan, Juan Miguel Perez, Nish Kotecha

Location: London

Finboot is the SaaS company behind MARCO, a suite of blockchain applications and middleware solutions. MARCO allows enterprises to easily access and use blockchain technologies within their organisations’ value and supply chains. It can be used in a wide range of sectors, including Oil & Gas, Chemicals, Consumer goods, Automotive, Travel and tourism, and Healthcare.

Applied Blockchain
Image credits: Applied Blockchain

Applied Blockchain

Funding: £2M

Founder/s: Adi Ben-Ari

Location: London

The company builds business applications using advanced cryptography to provide superior data security and data privacy. Specialised in distributed ledgers, advanced cryptography, and confidential computing, the UK company works with global companies including Shell, KLM, United Nations, Toyota, SITA, Lloyds Register, and a range of innovative startups.