They may not have the brand recognition of fintech up-and-comers in the consumer finance space, but there are many capital markets-focused fintech start-ups that are well placed to disrupt or transform business in the wholesale markets.

Finding the best of these prospects is no easy task. Ask around Europe’s innovation hubs and there is little agreement as to which firms are set to succeed in the coming years. FN spoke to dozens of venture capitalists, fintech leaders, bankers, lawyers and other advisers. We asked them which firms had caught their attention, which entrepreneurs had earned their respect and which business models stood the best chance of performing well as the financial markets continue to be reshaped by regulation.