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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

      American Express Business Blueprint

      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

      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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