“We’re proud to once again recognize the 250 best private fintech companies globally. This year’s Fintech 250 represents 25 countries and spans 19 categories — reimagining everything from retail banking and crypto, to insurance and asset management,” said CB Insights CEO Anand Sanwal.
Through an evidence-based approach, the CB Insights Intelligence Unit selected the Fintech 250 from a pool of 16,000 companies, including applicants and nominees, based on several factors. These factors include patent activity, investor quality, news sentiment analysis, proprietary Mosaic scores, market potential, partnerships, competitive landscape, team strength, and tech novelty. The Mosaic Score, based on CB Insights’ algorithm, measures the overall health and growth potential of private companies to help predict a company’s momentum.
2020 Fintech 250 Highlights:
- Unicorns: 32 of the 250 companies are valued at or above $1 billion as of their latest funding round.
- Funding trends: Year-to-date, these 250 private companies have raised $10.3 billion in equity funding across 120 deals.
- Mega-rounds: Since 2019, there have been 87 mega-round ($100 million+) equity investments to this year’s Fintech 250, with 35 of them occurring in 2020.
- Global representation: 46% of the 2020 Fintech 250 are based outside the US. After the US, the UK is home to the most Fintech 250 companies (38), followed by India (20).
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About CB Insights
CB Insights believes the most complex strategic business questions are best answered with facts. CB Insights is a machine intelligence company that synthesizes, analyzes and visualizes millions of documents to give clients fast, fact-based insights. Serving the majority of the Fortune 100, CB Insights gives companies the power to make better decisions, take control of their own future, and capitalize on change.