New York, NY, October 22, 2018 — CB Insights today named LendKey to the second annual Fintech 250 list, a prestigious group of emerging private companies working on groundbreaking 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.
Vince Passione, CEO and Founder of LendKey, commented, “CB Insights FinTech 250 displays the best FinTechs through a thorough and advance selection process. LendKey is proud to be a selected leader in the general lending and marketplace solution category. This award demonstrates the growth of LendKey as a leading digital lending partner for banks and credit unions nationwide.”
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.
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.
LendKey pioneered the lending-as-a-service model, enabling white-labeled, digital lending solutions that help financial institutions establish a strong digital lending presence and acquire prime borrowers for a lifetime of lending. LendKey’s customized solutions help financial institutions improve lives with lending made simple while managing liquidity, reducing costs, and mitigating risk.
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.
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.
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LendKey pioneered the lending-as-a-service model enabling white-labeled, digital lending solutions that help financial institutions establish a strong digital lending presence and acquire prime borrowers for a lifetime of lending. LendKey’s customized solutions help financial institutions improve lives with lending made simple while managing liquidity, reducing costs, and mitigating risk. The company revolutionized the entire lending process for institutions including demand generation, online decisioning, loan origination, customer service, compliance, and proprietary balance sheet management. Founded in 2009 and based in New York and Cincinnati, LendKey works with hundreds of credit unions and banks who have deployed more than $2 billion in loan capital to date through LendKey’s platform. LendKey was recently named one of Fortune’s Great Places to Work®. For more information, please visit www.lendkey.com or email firstname.lastname@example.org.
Kiersten Gourlay, Marketing Manager