CB Insights Reveals the Fintech 250 List At Future of Fintech

Deposit Solutions named to the 2017 Fintech 250, highlighting record growth with its leading Open Banking platform

New York, NY, June 27, 2017 – CB Insights today named Deposit Solutions to the prestigious Fintech 250, a select group of emerging private companies working on groundbreaking financial technology. CB Insights CEO and co-founder, Anand Sanwal, revealed the Fintech 250 companies during The Future of Fintech, a gathering of the world’s largest financial institutions, best FinTech startups, and most active venture investors.

“The financial services industry will see more change in the next 10 years than it has in the last 100. And that transformation is being driven by a group of smart insurgent startup companies. The Fintech 250 are the most promising of these insurgents. They are bringing emerging technologies and business models to financial services that will permanently change the way we handle money and do business,” said CB Insights CEO Anand Sanwal.

Dr. Tim Sievers, founder and CEO of Deposit Solutions, commented: “The Fintech 250 List is a fantastic endorsement of the Deposit Solutions’ Open Banking platform and testament to the hard work of our talented team. Our Open Banking platform is transforming the European deposit market, not just for banks but also for their customers and supporting a healthier banking system in the process. We are proud to work with high caliber names such as Deutsche Bank and FFB, the German subsidiary of Fidelity International, while our B2C platform, ZINSPILOT, recently surpassed EUR 2 billion in transmitted deposits.”

The CB Insights research team selected the Fintech 250 companies based on several factors including data submitted by the companies and the company’s Mosaic Score. The Mosaic Score, based on CB Insights’ National Science Foundation-funded 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.

Companies such as Affirms, Stripe, Robinhood, Acorns, Nav and Blue Vine joined Deposit Solutions in being recognized for their innovative technology in front of an audience of 1000 senior executives from around the world and news outlets including The New York Times, The Wall Street Journal, The Financial Times, Reuters and Bloomberg.

Deposit Solutions is transforming the retail and corporate deposit market in Europe worth more than EUR 10 trillion, connecting banks from more than 10 European countries and reaching 20 million savers with a deposit base of more than EUR 1 trillion. A combination of customer expectation, technological capability and new regulations mean that banks need to reinvent their business model and embrace Open Banking. Deposit Solutions’ Open Banking platform is the “middleware” in this new financial economy. In short, it provides a simple way for banks to implement Open Banking into their existing systems.

Quick facts on the Fintech 250:

  • These 250 emerging private companies have raised USD 14 billion across 240 deals in 2016.
  • Applications of their technology include breakthroughs in insurance, lending, payments, human resources, real estate, and much more.
  • More than 2,000 companies were nominated or applied for the Fintech 250 (only 8% were selected).
  • Ribbit Capital has backed 17 of the Fintech 250 companies, while Andreesen Horowitz and Goldman Sachs backed 9.
  • Twenty-three Fintech 250 companies have reached a valuation of USD 1 billion or more.
  • 23 countries are represented among the Fintech 250 companies.

The Fintech 250 Companies (in alphabetical order):

51Xinyongka
55 Capital
Acorns
Activehours
Addepar
Adyen
Affirm
Airwallex
Algomi
AlphaSense
AngelList
Ant Financial Services Group
Artivest Holdings
Assembly Payments
Atom Bank
AutoGravity
Auxmoney
Avalara
AvidXchange
Axoni
Behalf
Beijing LaKala Billing Services
Better Mortgage
Betterment
Billtrust
BIMA
bitFlyer
BitPesa
Blend
Blockstack Labs
Blockstream
BlueVine
bonify
Branch International
Brave Software
Bright Health
C2FO
Cadre
Canopy Tax
Capital Float
Captable.io
Chain
Circle Internet Financial
CircleUp
Clarity Money
ClearTax
Cloud9 Technologies
Clover Health
Coinbase
Coins.ph
ComplyAdvantage
Credit Benchmark
Credit Karma
Creditas
CreditEase Insurance Agency
CreditMantri
Cross River Bank
Crowdcube
CurrencyCloud
CurrencyFair
Cyence

Dadao Financial
Deposit Solutions
DianRong
Digit
Digital Asset Holdings
Digital Reasoning Systems
Droit Fintech
Earnest
Easynvest
Ebury
Ellevest
Embroker
eShares
Even Respsonsible Finance
EverCompliant
Ezetap Mobile Solutions
Factom
Fenergo
Fenqile
figo
FinanceIt
FinancialForce.com
Finrise
Flywire
Folio
freee
Fundbox
Funding Circle
Funding Societies
Futu5
GoCardless
GoFundMe
GreenSky
GuiaBolso
Guideline
Gusto
Habito
hibob
IceKredit
IEX Group
Indiegogo
Indifi Technologies
iyzico
iZettle
JD Finance
Juvo
Juzhen Financials
Kabbage
Kakao Pay
Kasisto
Kensho Technologies
Kickstarter
Klarna
Kreditech
Kyriba
Ladder
Lemonade
LendingHome
Lendingkart
LendInvest
LendUp
LevelUp
Lu.com
M-DAQ

Magento Commerce
MarketInvoice
Marqeta
Merlon Intelligence
MetroMile
MobiKwik
MoMo
MoneyFarm
Moneytree
Monzo
Mynt
N26
Namely
Nav
Neighborly
NerdWallet
New York Shipping Exchange
Next Insurance
Nongfenqi
Nubank
Numerai
Nutmeg
One97 Communications
Onfido
OpenFin
OpenGamma
Oportun
Orchard Platform
Oscar Health Insurance Co.
Paga
Parasut
Paymax
PayNearMe
Payoneer
Paystack
Paytm Payment Bank
PeerIQ
PeerStreet
Perfios
Personal Capital
Ping++
Plaid Technologies
Point Digital Finance
Polychain Capital
Ppdai
Propel
Property Partner
Prospa
Qapital Insight
QFPay
Qingsongchou
Quantopian
Qudian
Quovo
Raisin
RealtyShares
Red Dot Payment
Reorg Research
Revolut
Ripple Labs
Riskalyze
Robinhood
Rong360
Roofstock

Roostify
Seedrs
Shenzhen Kingdee Suishou Technology
Signifyd
Silverfin
simplesurance
SirionLabs
Smava
SocietyOne
Socure
SoFi
solarisBank
Stash Invest
Street Contxt
Stripe
Symphony Communication Services Holdings
Tala
Tally Technologies
THEO
Tiger Brokers
Tink
Token
Tradeshift
Trading Ticket
TransferWise
TravelBank
Trov
TrueAccord
Trulioo
Trumid
Tyro Payments
Upgrade
VATBox
Veem
Verato
Viva Republica
Wave Accounting
Wealthfront
WealthNavi
Wealthsimple
WeCash
Weidai
WeLab
WorldCover
WorldRemit
Xapo
Xiaoyusan Insurance
Xignite
Xishan Information Technology
YapStone
Yoco
YongQianBao
Yuanbaopu
Zeitgold
ZestFinance
ZestMoney
Zhong An Insurance
Zoona
Zooz
Zopa
Zuora

About CB Insights

Our team comes to work every day to build technology that helps corporations guess less and win more. We aggregate and analyze massive amounts of data and use machine learning, algorithms and data visualization to help corporations replace the three Gs (Google searches, gut instinct and guys with MBAs*) so they can answer massive strategic questions using probability not punditry.

With backing from the National Science Foundation and venture capital investors, we mine terabytes of data and knowledge contained in patents, venture capital financings, M&A transactions, hiring, startup and investor websites, news sentiment, social media chatter, and more. Our software algorithmically analyzes this data to help our clients see where the world is going tomorrow, today.

*We have MBAs.

Media contacts CB Insights:

Farrah Kim, PR Manager

fkim@cbinsights.com

+1 212-292-3148

About The Future of Fintech

The Future of Fintech is an exclusive gathering of the world’s largest financial institutions, best fintech startups, and most active venture investors.

For more information about the Fintech 250, visit:

https://www.cbinsights.com/research-fintech250

To learn more about CB Insights’ Future of Fintech, go here:

http://events.cbinsights.com/future-of-fintech

About Deposit Solutions

Deposit Solutions is a globally recognized FinTech company that is transforming the EUR 10 trillion deposit market in Europe. Its ground-breaking Open Banking platform allows banks to offer attractive third party deposit products to their own clients with their existing accounts. As a result, bank clients can access best in class deposit offers without having to open a new account at another bank, and banks can gather deposits from across Europe without facing the need to build and operate their own deposit infrastructure.

Today, Deposit Solutions is already connecting banks across more than 10 European countries. In addition, the firm operates its own retail brand ZINSPILOT which markets select deposit offers of its partners directly to savers. Since its launch ZINSPILOT alone mediated more than EUR 2 billion in deposits, making Deposit Solutions one of the fastest growing FinTech companies in the world. The company is headquartered in Hamburg, Germany, and now operates subsidiary companies with local offices in London and Zurich. Founded in 2011 by Dr. Tim Sievers, the firm today employs a first in class team of more than 100 highly qualified employees. Deposit Solutions so far has received EUR 25 million in venture capital funding from renowned international investors, among them Greycroft Partners, FinLab, e.ventures, Valar Ventures and Peter Thiel, and was valued at EUR 110 million in the last investment round in July 2016.

Media contacts Deposit Solutions:

Jaana Ijas, CNC Communications

jaana.ijas@cnc-communications.com

+44 (0)20 3219 8825