The 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 fourth annual Fintech 250 — a list of 250 of the top private fintech companies using technology to transform financial services.
“This is the fourth class of the Fintech 250, and it’s also the most international, representing 26 countries. These 250 fintech startups are attacking an incredibly diverse array of financial services opportunities across 19 sectors, including digital banking, insurance, payroll, retail investing, and more,” said CB Insights CEO Anand Sanwal.
“After being named to the CB Insights Fintech 250 last year, the 2020 class saw 17 companies go public and 25 get acquired. They also went on to raise over $25B in additional financing and forged more than 380 new partnerships after being recognized. The Fintech 250 has a history of spotlighting the very best fintech companies, and this year is no different. We’re excited to see how these fintech startups disrupt and transform financial services in the years ahead.”
CB Insights selected the Fintech 250 from a pool of 17,000 companies.
Included on this year’s list are four Canadian companies:credit score platform Borrowell, venture capital startup Clearco, blockchain entertainment company Dapper Labs, and global online ID verification service Trulioo.
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.
The 2021 Fintech 250 cohort has raised approximately $73.8B in aggregate funding across nearly 1,200 deals since 2016 and includes startups at different investment stages of development, from early-stage companies to well-funded unicorns.