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Lendio Named to the 2018 CB Insights Fintech 250 List of Fastest-Growing Fintech Startups

Oct 24, 2018 • 10+ min read
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      CB Insights honors Lendio for achievements in marketplace lending technology

      SILICON SLOPES, Utah – October 24, 2018 – CB Insights named Lendio to the second annual Fintech 250 list, a prestigious group of emerging private companies working on groundbreaking financial technology.

      “It’s an honor for Lendio to be listed among the innovative companies driving the fintech industry forward,” said Brock Blake, Lendio CEO and founder. “Lendio is doing its part to power the economy by bridging the financing gap for small businesses. We are committed to shaping the future of marketplace lending to help business owners unlock their financial potential.”

      Lendio, the nation’s leading marketplace for small business loans, recently announced it has facilitated over $1 billion in financing to more than 51,000 small businesses across the U.S. Through access to this growth capital, Lendio’s small business customers have generated an estimated $3.8 billion in gross economic output and created more than 25,000 jobs nationwide. Lendio’s milestone comes after an 80 percent increase in loans funded through its platform in the last year.

      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.

      “After we named the inaugural Fintech 250 in 2017, they went on to raise $23B including 30 rounds of over $100 million. Twenty-two 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.

      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.

      The Fintech 250 Companies (in alphabetical order):

      10x Future Technologies
      Acorns
      Addepar
      Affirm
      Airwallex
      Alan
      Alpaca
      AlphaFlow
      Ant Financial Services Group
      AvidXchange
      Axoni
      BIMA
      Bankin’
      Behalf
      BehavioSec
      Behavox
      Bench Accounting
      Better Mortgage
      Betterment
      Bill.com
      Billtrust
      Binance
      BioCatch
      BitGo
      BitPesa
      Blend
      Blooom
      BlueVine
      Branch International
      Bread
      Brex
      Bright Health
      Brighte
      C2FO
      Cadre
      Canopy Tax
      Capital Float
      Capitolis
      Carta
      Cellulant
      Cgtz
      Chainalysis
      Chime
      Circle Internet Financial
      CircleUp
      ClauseMatch
      Cloud9 Technologies
      CloudMargin
      Clover Health
      Coalition
      Cobase
      Coinbase
      Coins.ph
      Collective Health
      CommonBond
      ComplyAdvantage
      ContaAzul
      Credit Karma
      CreditMantri
      Creditas
      Cross River Bank
      Dataminr
      Dave
      Deposit Solutions
      Digit Insurance
      Divvy
      Earnin
      Elefant
      Equidate
      Ethos
      Even Responsible Finance
      Ezetap Mobile Solutions
      Fair.com
      Fenergo
      First Circle
      Flywire
      Folio
      ForUsAll
      Forter
      Fundbox
      Funding Societies
      Futu Securities
      Gimi
      GoCardless
      GoFundMe
      Greenlight Financial Technology
      Groundspeed Analytics
      Guideline
      Gusto
      Habito
      Handle Financial
      Harbor Platform
      Hippo
      Hometap
      Human Interest
      Hypur
      ID Finance
      IEX Group
      Ice Kredit
      IndiaLends
      Invoice2go
      JD Finance
      JUMO Marketplace
      Justworks
      Juvo
      Kabbage
      Kantox
      Kasisto
      Kissht
      Klarna
      Kyriba
      LTSE (Captable.io)
      Ladder
      Lakala Payment
      Ledger
      Lemon Way
      Lemonade
      LendInvest
      LendKey Technologies
      LendStreet
      LendUp
      LendingHome
      Lendingkart
      Lendio
      Leveris
      Lianlian Pay
      Lu.com
      MarketInvoice
      Marqeta
      Meniga
      MetroMile
      MoMo
      MobiKwik
      Money Design (THEO)
      MoneyLion
      Monzo
      N26
      Namely
      Nav
      Neighborly
      Neon Pagamentos
      NerdWallet
      New York Shipping Exchange
      Next Insurance
      Nova Credit
      Nubank
      One97 Communications
      Onfido
      OpenFin
      Origami
      Oscar Health
      PINTEC
      Paga
      Payoneer
      Paystack
      Paytm Payments Bank
      PeerStreet
      Personal Capital
      Petal
      Pine Labs
      PingPong
      Plaid Technologies
      PolicyBazaar
      Policygenius
      Previse
      Prodigy Finance
      Progressa
      Propel
      Prospa
      Q4
      Qapital Insight
      Quovo
      Raise Labs
      Raisin
      Rally Rd.
      Razorpay
      Receipt Bank
      Reonomy
      Revolut
      Ripple Labs
      Riskalyze
      Robinhood
      Roofstock
      Roostify
      Root Insurance
      SFOX
      SalaryFinance
      Satispay
      Scratch Services
      Sift Science
      SigFig
      Signifyd
      Silverfin
      SmartHR
      Snapsheet
      SoFi
      Spruce Holdings
      Stash Investments
      Stocard
      Stripe
      Symphony Communication Services
      SynapseFi
      Tala
      Tiger Brokers
      Tink
      Tipalti
      Toast
      ToneTag
      Toro Investimentos
      TouchBistro
      TradeIX
      TradeIt
      Tradeshift
      TransferWise
      TravelBank
      TruValue Labs
      TrueAccord
      TrueLayer
      Trumid
      Tyro Payments
      Uala
      UiPath
      Unison
      Upgrade
      Upserve
      Veem
      Venminder
      Viva Republica
      Wacai
      Wave Financial
      WeCash
      WeLab
      WealthNavi
      Wealthfront
      Wealthsimple
      Wefox
      WorkFusion
      WorldRemit
      Xapo
      YapStone
      YellowPepper
      Yoco
      ZestMoney
      Zoona
      bitFlyer
      bob
      eToro
      freee
      iyzico
      nCino

      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.

      Contact:
      Hyeri Kim, PR Manager
      [email protected]
      +1 212-292-3148 ext. 3020

      About the author
      Melanie King

      As a reporter and editor, Melanie has written about everything from retail and tourism trends to economic development for regional newspapers, trade publications, and national magazines. As Lendio’s Director of Public Relations, she specializes in reporting fintech industry news and its impact on American small businesses. Melanie has a B.A. in Journalism from Brigham Young University. She is also a backpacker, runner, and mom of four.

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