Sifted, a leading startup-focused media brand that is backed by the Financial Times, has listed Malta-based fintech firm Fyorin among the startups most worth investing in.

James Camilleri, Co-Founder and CEO at Fyorin, recently reacted to the news, noting that the firm has been selected as “one to watch in the area of cross-border payments.”

Fyorin Co-Founder and CEO James Camilleri / Fyorin

The report lists a number of “Europe’s creditworthy startups,” with it noting that Europe’s tech sector has “outpaced US innovation.” This has been driven by the rise of a number of neobanks, including the likes of Monzo and Revolut.

Sifted, which provides insights, news and analysis on the most promising companies and trends shaping the future of business in Europe, selected 76 startups. These range from pre-seed firms to Series A companies.

The report classified the firms into 11 different niches. These are: fintech for good, financial planning and analysis, infrastructure providers, investment tools and software, real estate banking, open banking solutions, investment management platform, billing and payments merchants solutions, cross-border payments, embedded finance provider, as well as fintech lending and credit assessment.

Fyorin was selected for the cross-border payments category, where it was accompanied by Germany’s Kadmos and the UK’s TuningBill.

Reacting to the news, the team at Fyorin said that it is “honoured” to have been included in the list.

“A tremendous recognition to the team and the importance of the mission we’re on to make global financial operations and cross-border payments faster, easier and more cost-effective, allowing businesses to operate without borders,” it continued.

Fyorin is a financial operations platform that brings together a network of global financial institutions with access to a number of currencies to streamline cross-border payments and deliver unified treasury solutions.