The CB Insights Intelligence Unit selected the Fintech 250 from a pool of over 17,000 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. This last metric is CB Insights’ proprietary algorithm that measures the overall health and growth potential of private companies.
Regarding this year’s list, CB Insights CEO Anand Sanwal pointed out the sheer diversity on display, “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.
Sanwal also commented on the growth seen in last year’s class, “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."
“We are honored to be recognized by CB Insights, and humbled to be included with so many innovative fintech companies reshaping the future of finance.” said Steve Robert, CEO of Autobooks.
Regarding our company’s purpose, Robert added, “Autobooks started as a simple idea, to help small and micro-businesses get access to financial tools that allow them to improve cash flow and grow their business. Many small business owners are intimidated by finance and accounting and we felt we could make the biggest impact by enabling financial institutions to bring treasury and cash-management tools down market, without the jargon or complexity using a product-led strategy. With better tools, we can help small businesses modernize the file cabinet, digitize invoices and payments and automate reconciliation — all from a provider they already know and trust.”
To learn more about the CB Insights and their Fintech 250, visit them online at www.cbinsights.com.