New York, NY, October 22, 2018 — CB Insights today named Reonomy to the second annual Fintech 250 list, a prestigious group of emerging private companies working on groundbreaking financial technology.
“After we named the inaugural Fintech 250 in 2017, they went on to raise $23B including 30 rounds of over $100 million. 22 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.
“We are thrilled to have been included on this year’s CB Insights Fastest-Growing Fintech Startups list alongside such fantastic companies. After raising our Series C round this past summer, Reonomy has seen exponential growth and is showing no signs of slowing down. We’re excited to see what else is in store.” Rich Sarkis, Reonomy CEO.
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.
Starting today, CB Insights customers can view the Fintech 250 on Stories, the newest product feature allowing teams to easily create beautiful presentations powered by real-time data visualizations.
Reonomy maintains detailed property data on more than 50 million commercial properties nationally, and offers the tools that business owners, investors and commercial real estate professionals need to succeed in today’s competitive marketplace. Backed by this rich data trove, Reonomy creates efficient solutions to simplify the world of CRE, from prospecting stages through due diligence. Headquartered in New York, Reonomy has raised ~$70 million from top investors and has partnerships with more than two dozen CRE firms, including Avison, Cushman & Wakefield and WeWork.
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.
About CB Insights
At CB Insights, we believe the most complex strategic business questions are best answered with facts. We are a machine intelligence company that synthesizes, analyzes and visualizes millions of documents to give our clients fast, fact-based insights. Serving the majority of the Fortune 100, we give companies the power to make better decisions, take control of their own future, and capitalize on change.
Read more about the companies named here.