A twofer from CB Insights.
The Fintech 250: The Top Fintech Companies Of 2020
....MUCH MOREThe financial services industry continues to attract tech companies that transform how people and businesses spend, save, borrow, invest, and more. From capital markets to insurance and digital banking to wealth management, the Fintech 250 are among the most promising of these companies globally.CB Insights has unveiled the third annual Fintech 250 — a list of 250 of the top private fintech companies using technology to transform financial services.
The 2020 Fintech 250 cohort has raised approximately $49.2B in aggregate funding across nearly 900 deals since 2015, and includes startups at different investment stages of development, from early-stage companies to well-funded unicorns.
The companies were selected by CB Insights’ Intelligence Unit from a pool of 16,000 companies, including applicants and nominees.
They were chosen based on several factors, including data submitted by the companies, company business models and momentum in the market, and Mosaic scores, CB Insights’ proprietary algorithm that measures the overall health and growth potential of private companies.
25+ winners will be presenting at our upcoming fully virtual Future of Fintech Conference (Nov. 16-18). Save $250 off your ticket with code F250.
Clients can access the entire Fintech 250 list and interactive Collection here. (If you don’t have a CB Insights login, create one here.)
And:
The United States Of Fintech Startups
Fintech startups across 42 US states plus Washington DC are transforming payments, investing, insurance, and more.
The fintech space is rapidly maturing.
Nearly 50% of 2019’s fintech funding was concentrated in 83 mega-rounds (deals worth 100M+), while Q2’20 saw a record quarterly high of 28 mega-rounds, despite Covid-related economic uncertainty.
Furthermore, there’s been a host of exit activity from mature fintech startups in recent months, with multiple fintech companies filing for IPOs, going public, or getting acquired, including:
The flurry of exits bucks the recent trend of mature startups remaining private, as well as a drought of filings amid the early days of the pandemic.
- Lemonade, a digital renter and homeowner insurance company
- nCino, which offers cloud software to banks
- Shift4 Payments, an online POS provider
- Fusion Acquisition, a fintech-focused SPAC
Using the CB Insights database, we mapped out the top-funded fintech startup in every US state.
Collectively, these 43 startups have raised nearly $12.6B, with leading companies including online personal finance platform SoFi (California, $2.5B in total disclosed equity funding), accounts payable automation startup AvidXchange (North Carolina, $1.5B), and restaurant finances management system Toast (Massachusetts, $903M)........MUCH MORE
