CB Insights named Trulioo in the fourth annual Fintech 250, a prestigious list of emerging private companies working on groundbreaking financial technology. This is the third time Trulioo has been included in the Regulatory & Compliance section.
“We are thrilled to be included on CB Insights’ Fintech 250 list among the most innovative and important fintech companies in the world,” said Steve Munford, CEO of Trulioo. “We believe our world works better when each of us is included, visible and truly seen for who we are. Advancements in fintech are integral to achieving financial inclusion, especially for unbanked populations. We’re proud to provide secure digital identity solutions that increase financial inclusion across the globe.”
The company has had a remarkable year, including $394 million in Series D funding, multiple key hires, expansion into new markets, and signing numerous new significant clients. Being on the Fintech 250 is another sign of the importance of the identity space and efforts made by Trulioo to ensure online transactions and interactions are secure, trustworthy and seamless.
The CB Insights Intelligence Unit selected the Fintech 250 from a pool of over 17,000 companies through an evidence-based approach, 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, CB Insights’ proprietary algorithm that measures private companies’ overall health and growth potential.
Other startups included in 2021 Fintech 250 list include Borrowell, Dapper Labs, Klarna, NIUM, Nubank, Plaid, Stripe and Wealthfront.
“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,” said CB Insights CEO Anand Sanwal. “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.”