NEW YORK, NY--October 5, 2021 --CB Insights today named Socure, the leading provider of digital identity verification and fraud solutions, to the fourth annual Fintech 250, an elite list of emerging private companies working on groundbreaking financial technology. This marks the third consecutive year Socure has been honored among the fastest growing fintech companies globally. This year’s list was unveiled on stage at CB Insights’ Future of Fintech conference in New York City.
“This is the fourth class of the Fintech 250, and it’s also the most international, representing 26 countries. These 250 fintech startups are attacking an incredibly diverse array of financial services opportunities across 19 sectors, including digital banking, insurance, payroll, retail investing, and more,” said CB Insights CEO Anand Sanwal. “After being named to the CB Insights Fintech 250 last year, the 2020 class saw 17 companies go public and 25 get acquired. They also went on to raise over $25B in additional financing and forged more than 380 new partnerships after being recognized. The Fintech 250 has a history of spotlighting the very best fintech companies, and this year is no different. We're excited to see how these fintech startups disrupt and transform financial services in the years ahead."
Through an evidence-based approach, the CB Insights Intelligence Unit selected the Fintech 250 from a pool of over 17,000 companies, including applicants and nominees. They were chosen based on several factors, including data submitted by the companies, company business models and momentum in the market, and Mosaic scores, CB Insights’ proprietary algorithm that measures the overall health and growth potential of private companies.
“Socure’s fintech customer base continues to rapidly increase with the majority of our partners now deploying 6 or more Socure solutions across their entire portfolio and customer lifecycle, making Socure the go-to-partner and golden standard for all things identity verification and fraud prevention in fintech,” said Johnny Ayers, founder and CEO of Socure. “Having our company and the very difficult problems we’re solving recognized for the third year in a row by a respected organization such as CB Insights, alongside so many of our best customers and other top fintech innovators, is an honor and a testament to the incredibly talented team that we have here at Socure.”
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