CB Insights on Monday named its 2018 Fintech 250, a list of what the research firms considers the most promising fintech companies globally. Nearly half the companies are new to the Fintech 250 list, which was first published last year.
These 250 companies have received a combined 947 equity investments worth $53 billion since 2013. This year to date, 186 deals worth over $24 billion have been struck, already marking a significant increase over previous years in terms of number of deals and amount of money.
The U.S. is host to 56% of the Fintech 250 companies with Europe a distant second at 18%, just slightly ahead of Asia at 17%. The remainder of the world hosts just 9%.
The most well represented business category on the list was payments processing and networks, with insurance and mobile wallets and remittances also contributing a large number of companies.
According to CB Insights, there have been 83 mega-round ($100 million+) equity investments to this year’s Fintech since 2013, with 33 of them in 2018 YTD. This year’s cohort has already seen more mega-rounds in 2018 than 2017’s Fintech 250 list in all of 2017, which saw 23 mega-rounds.
There are 30 Fintech 250 unicorns, meaning companies with a private market valuation above $1 billion. These 30 companies are valued at nearly $253 billion altogether.
Although the U.S. easily hosts the largest number of unicorns, well over half the combined valuation of these companies can be attributed to Ant Financial, a China-based payments and financial services company, which is worth $150 billion on its own.
The most valuable unicorn on the list from the U.S., payments company Stripe, is a distant second, with a valuation of $20 billion.
Ribbit Capital is the top investor in Fintech 250 companies, having backed new 2018 unicorns, Nubank, Revolut, and PolicyBazaar, as well as returning companies Robinhood, Wealthfront, Gusto, Coinbase, Cross River Bank, and Upgrade.
According to CB Insights, creating the Fintech 250 list is a “purely data-driven/algorithmic” process using CB Insights data gathered via the firm’s machine learning technology as well as direct submissions from firms and individual professionals.
See who made this year’s Fintech 250 list.Like This Post