San Francisco, CA, Oct. 23, 2018 — CB Insights today named Fundbox to the second annual Fintech 250 list, a prestigious group of emerging private companies working on ground-breaking financial technology.
“After we named the inaugural Fintech 250 in 2017, they went on to raise $23B including 30 rounds of over $100 million. 22 of the Fintech 250 have already exited with half via IPO. This year, we’ve added 113 new companies to the Fintech 250 using the CB Insights Mosaic algorithm, and the group is broad, covering everything from insurance tech to consumer banking to capital markets tech. We look forward to the success of this year’s group,” said CB Insights CEO Anand Sanwal.
“We are truly gratified to be included in the CB Insights Fintech 250 list for 2018,” said Eyal Shinar, Founder, and CEO of Fundbox. “Our mission of making it easier for businesses to pay or get paid has helped to fuel our unprecedented growth. This acknowledgment is welcome validation that we’re focused on the right things.”
The CB Insights research team selected the Fintech 250 companies based on several factors including data submitted by each company and their Mosaic Score. The Mosaic Score, based on CB Insights’ algorithm, measures the overall health and growth potential of private companies. Through this evidence-based, statistically-driven approach, the Mosaic Score can help predict a company’s momentum, market health and financial viability.
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Starting today, CB Insights customers can view the Fintech 250 on Stories, the newest product feature allowing teams to easily create beautiful presentations powered by real-time data visualizations.
Since the company’s founding in 2013, Fundbox has leveraged big data and machine learning to make it easier for businesses of all sizes to pay and get paid. Now, Fundbox is forging new ground with the developed a true payment and credit network designed as a point-of-sale for B2B commerce in addition to providing access to a business line of credit for SMB’s.
Quick facts on the 2018 Fintech 250:
- 30 of the Fintech 250 companies have reached a unicorn valuation of $1B or more.
- Since 2017, these 250 private companies have raised $31.8B across 373 deals.
- There were 82 $100M+ mega-rounds to the Fintech 250 since 2013, with 33 of them in 2018 year-to-date (YTD).
- 113 new companies were introduced to the 2018 Fintech 250 list.
- 44% of the 2018 Fintech 250 list are based outside the United States, representing 31 countries.
- Ant Financial is the most well-funded company on the Fintech 250 list, having raised approximately $19.1B across 4 investments.
The Fintech 250 Companies (in alphabetical order):
10x Future Technologies Acorns Addepar Affirm Airwallex Alan Alpaca AlphaFlow Ant Financial Services Group AvidXchange Axoni BIMA Bankin’ Behalf BehavioSec Behavox Bench Accounting Better Mortgage Betterment Bill.com Billtrust Binance BioCatch BitGo BitPesa Blend Blooom BlueVine Branch International Bread Brex Bright Health Brighte C2FO Cadre Canopy Tax Capital Float Capitolis Carta Cellulant Cgtz Chainalysis Chime Circle Internet Financial CircleUp ClauseMatch Cloud9 Technologies CloudMargin Clover Health Coalition Cobase Coinbase Coins.ph Collective Health CommonBond ComplyAdvantage ContaAzul Credit Karma CreditMantri Creditas Cross River Bank Dataminr Dave Deposit Solutions Digit Insurance Divvy Earnin Elefant Equidate Ethos Even Responsible Finance Ezetap Mobile Solutions Fair.com Fenergo First Circle Flywire Folio ForUsAll Forter Fundbox Funding Societies Futu Securities Gimi GoCardless GoFundMe Greenlight Financial Technology Groundspeed Analytics Guideline Gusto Habito Handle Financial Harbor Platform Hippo Hometap Human Interest Hypur ID Finance IEX Group Ice Kredit IndiaLends Invoice2go JD Finance JUMO Marketplace Justworks Juvo Kabbage Kantox Kasisto Kissht Klarna Kyriba LTSE (Captable.io) Ladder Lakala Payment Ledger Lemon Way Lemonade LendInvest LendKey Technologies LendStreet LendUp LendingHome Lendingkart Lendio Leveris Lianlian Pay Lu.com MarketInvoice Marqeta Meniga MetroMile MoMo MobiKwik Money Design (THEO) MoneyLion Monzo N26 Namely Nav Neighborly Neon Pagamentos NerdWallet New York Shipping Exchange Next Insurance Nova Credit Nubank One97 Communications Onfido OpenFin Origami Oscar Health PINTEC Paga Payoneer Paystack Paytm Payments Bank PeerStreet Personal Capital Petal Pine Labs PingPong Plaid Technologies PolicyBazaar PolicyGenius Previse Prodigy Finance Progressa Propel Prospa Q4 Qapital Insight Quovo Raise Labs Raisin Rally Rd. Razorpay Receipt Bank Reonomy Revolut Ripple Labs Riskalyze Robinhood Roofstock Roostify Root Insurance SFOX SalaryFinance Satispay Scratch Services Sift Science SigFig Signifyd Silverfin SmartHR Snapsheet SoFi Spruce Holdings Stash Investments Stocard Stripe Symphony Communication Services SynapseFi Tala Tiger Brokers Tink Tipalti Toast ToneTag Toro Investimentos TouchBistro TradeIX TradeIt Tradeshift TransferWise TravelBank TruValue Labs TrueAccord TrueLayer Trumid Tyro Payments Uala UiPath Unison Upgrade Upserve Veem Venminder Viva Republica Wacai Wave Financial WeCash WeLab WealthNavi Wealthfront Wealthsimple Wefox WorkFusion WorldRemit Xapo YapStone YellowPepper Yoco ZestMoney Zoona bitFlyer bob eToro freee iyzico nCino
About CB Insights
At CB Insights, we believe the most complex strategic business questions are best answered with facts. We are a machine intelligence company that synthesizes, analyzes and visualizes millions of documents to give our clients fast, fact-based insights. Serving the majority of the Fortune 100, we give companies the power to make better decisions, take control of their own future, and capitalize on change.
Fundbox is a leading technology platform focused on disrupting the $21 trillion B2B commerce market by building the world’s first B2B credit and payment network. With Fundbox, sellers (of all sizes) can quickly increase average order volumes (AOV) and improve close rates by offering more competitive net terms and payment plans to their SMB buyers. With heavy investments in machine learning and the ability to accurately assess credit risk in a matter of minutes, Fundbox is reimaging B2B credit and payments products in new category-defining ways.
Since the company’s founding in 2013, Fundbox has raised $140 million from a blue-chip group of investors led by Khosla Ventures, General Catalyst, Spark Growth Capital and Jeff Bezos, and is currently experiencing incredible growth momentum.
For more information, please visit www.fundbox.com.
Tim Donovan Fundbox 510-593-0064 [email protected] Hyeri Kim, PR Manager CB Insights +1 212-292-3148 ext. 3020 [email protected]