Trulioo is honored to be named to the third annual Fintech 250 by CB Insights, a list of emerging private companies working on groundbreaking financial technology. Trulioo is included in the Regulatory & Compliance section.
“We are truly honored to be included in CB Insights’ Fintech 250 roster for a second year alongside some of the most transformative and prestigious fintech companies in the world,” said Steve Munford, CEO of Trulioo. “Now more than ever, we need to ensure that the most vulnerable people in societies all over the world have access to basic financial and healthcare services. We believe that digital identity is critical to achieving full financial inclusion and building trust in the digital economy.”
Trulioo was previously selected to CB Insights’ Fintech 250 in 2017. Trulioo then CEO (now Chairman) Stephen Ufford noted “RegTech is a subset of fintech and plays a crucial role, enhancing customer experience by leveraging new technologies to help reduce costs, provide a competitive advantage, and drive more effective and efficient regulation and compliance. In turn, this enables fintech companies to focus their attention on product innovation, problem solving, and the continual reinvention of the financial services industry.”
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.
Some of the companies on this year’s list include:
Measuring the overall health and growth potential of fintech companies
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. The CB Insights research team selects 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.
“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. “The previous Fintech 250 class raised more than $22 billion in investor financing and saw more than 20 exits after being recognized, and we expect this year's class will have similar success as they continue to transform how people and businesses spend, save, borrow, and invest their money.”
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.