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

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
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