Through an evidence-based approach, CB Insights' Intelligence Unit selected Fintech 250 from a group of more than 17,000 companies, including applicants and nominees. The financial services industry continues to attract technology companies that transform the way people and businesses spend, save, borrow, invest, and more. This year's Fintech 250 represents 25 countries and spans 19 categories, reinventing everything from retail banking and cryptocurrencies to insurance and asset management. V Raman Kumar, founder and president of CasHe, in this week's FinTech Diary told ETBFSI that he believes that the reason FinTechs are opting for loans is because it is an untapped market in India.
Cashfree Payments, awarded for its achievements in payment processing and networking: CB Insights Fintech 250, representing 26 countries, has a track record of highlighting the best fintech companies. Through an evidence-based approach, CB Insights' Intelligence Unit selected Fintech 250 from a group of 16,000 companies, including applicants and nominees, based on several factors. The Fintech 250 has a history of highlighting the best fintech companies, and this year is no different. The winners were chosen based on several factors, including data presented by companies, the company's business models and market momentum, and CB Insights's proprietary algorithm that measures the overall health and growth potential of private companies.
These 250 fintech startups are attacking an incredibly diverse array of financial services opportunities in 19 sectors, including digital banking, insurance, payroll, retail investing and more, said CB Insights CEO Anand Sanwal. They were chosen based on several factors, including data presented by companies; the company's business models and market momentum; and the scores of Mosaic, which is CB Insights' proprietary algorithm that measures the overall health and growth potential of private companies. They were chosen based on several factors, including data presented by companies, the company's business models and market momentum, and the scores of Mosaic, CB Insights's proprietary algorithm that measures the overall health and growth potential of private companies. We are excited to see how these fintech startups disrupt and transform financial services in the coming years.
From capital markets to insurance and digital banking and wealth management, the Fintech 250 is among the most promising of these companies worldwide. CB Insights has unveiled the fourth annual Fintech 250, a list of 250 of the top private fintech companies that use technology to transform financial services.
