This years CB Insights Fintech 250 list contains a number of the crypto worlds biggest names. The list is compiled annually and ranks 250 of the most promising businesses in the fintech arena.
The 250 are drawn from a global pool of around 4000 applicants and nominees. To be included on the list you need to meet a number of requirements relating to market viability and your business model. The company uses an algorithm to compile a “Mosaic Score” this is a measure of the firms overall health and its growth potential.
113 new companies on this years list incliding Coins.ph, BitPesa, Revolut, Robinhood, Xapo, Ripple labs, Coinbase and BitFlyer. These are the most noteable blockchain and cryptocurrencies. In total there are 15 cryptocurrency and blockchain related companies.
Figures from CB Insights show that the 2018 Fintech 250 raised around $53 billion in funding in the past five years. Among the 30 unicorns, are companies that have reached a valuation of $1 billion in the United States such as Robinhood valued at $5.6 and Coinbase at $1.6. Robinhood is also featured as 2018 top most well-funded Retail Investing & Secondary Markets company.
The report shows that the fintech 250 companies have raised $31.85B from 373 deals in one year. Ribbit Capital is a top venture capital investor company on the 2018 Fintech 250 list; it has invested in Robinhood, Wealthfront, Gusto, Coinbase, Cross River Bank, and Upgrade.
The current year’s list has recorded more equity investments and venture funding than that of the preceding year. Ant Financial raised the most with $14 billion US dollars in the second quarter of 2018. The Top Acquisition for the year was PayPal’s takeover of iZettle for $2.2 billion, double the amount the company sought to raise in an IPO.