CB Insights today named Railsbank to the third annual Fintech 250, a prestigious list of emerging private companies working on groundbreaking financial technology.
“We’re proud to, once again, recognize the 250 best private fintech companies globally. This year’s Fintech 250 represents 25 countries and spans 19 categories — reimagining everything from retail banking and crypto, to insurance and asset management,” said CB Insights CEO Anand Sanwal.
“The previous Fintech 250 class raised more than $22 billion in investor financing and saw more than 20 exits after being recognised, and we expect this year’s class will have similar success as they continue to transform how people and businesses spend, save, borrow, and invest their money.”
Nigel Verdon, co-founder and CEO of Railsbank, said:
“I, and the whole Railsbank team, are delighted that Railsbank has been honoured for its achievements in open banking and for being a pioneer in the Banking-as-a-Service (BaaS) sector. And to be selected from a huge pool of 16,000 companies recognises what everyone at Railsbank has achieved over the last four years. The large number of potential winners also shows how far the fintech sector has come over the years and is now a force to be reckoned with.”
Through an evidence-based approach, the CB Insights Intelligence Unit selected the Fintech 250 from a pool of 16,000 companies, including applicants and nominees, based on several factors. These factors include patent activity, investor quality, news sentiment analysis, proprietary Mosaic scores, market potential, partnerships, competitive landscape, team strength, and tech novelty. The Mosaic Score, based on CB Insights’ algorithm, measures the overall health and growth potential of private companies to help predict a company’s momentum.