“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 recognized, 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.”
CB Insights selected the Fintech 250 from a pool of 16,000 companies, including applicants and nominees, based on several factors including patent activity, investor quality, and news sentiment analysis.
Five other Canadian companies, all based in Ontario, made the list: venture capital startup Clearbanc, health insurance disruptor League, mobile banking platform NorthOne, investor relations service provider Q4 and restaurant point-of-sale specialist TouchBistro.
“We are truly honored to be included in CB Insights’ Fintech 250 roster for a second year alongside some of the most transformative and prestigious fintech companies in the world,” said Steve Munford, CEO of Trulioo.
“Now more than ever, we need to ensure that the most vulnerable people in societies all over the world have access to basic financial and healthcare services. We believe that digital identity is critical to achieving full financial inclusion and building trust in the digital economy.”
Since the company’s founding in 2011, Trulioo has received more than USD $70 million in investments, enabling the company to develop a first-class identity verification solution to help companies around the globe, ranging from large financial institutions to innovative tech companies.
Instant Financial, which also has offices in Atlanta and Montreal, closed a $14.3 million Series A financing round in 2018.