Payveris Named to the 2020 CB Insights Fintech 250 List of Best Private Fintechs Globally

CROMWELL, Conn., September 1, 2020: CB Insights named Payveris to the third annual Fintech 250, a prestigious list of emerging private companies working on ground-breaking 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 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."

“It is a great honor to be included in this list of top fintechs,” comments Ron Bergamesca, Chief Executive Officer of Payveris. “Our team works tirelessly to deliver innovative fintech solutions, and recognition like this is true validation that we’re doing it right.”

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.

Payveris’ open-API cloud-based MoveMoney Platform currently supports more than 250 US-based financial institutions for bill payment, account-to-account transfers, eBill presentment, real-time person-to-person transfers, and now, personalized, interactive digital money movement.

2020 Fintech 250 Highlights:

  • Unicorns: 32 of the 250 companies are valued at or above $1B as of their latest funding round
  • Funding trends: YTD, these 250 private companies have raised $10.3B in equity funding across 120 deals (as of 8/26/20)
  • Mega-rounds: Since 2019, there have been 87 mega-round ($100M+) equity investments to this year’s Fintech 250, with 35 of them in 2020 YTD (as of 8/25/20)
  • Global representation: 46% of the 2020 Fintech 250 are based outside the US. After the US, the UK is home to the most Fintech 250 companies (38), followed by India (20)

The Fintech 250 Companies:


About Payveris

Payveris is the creator of The MoveMoney Platform, an Open API cloud-based platform enabling financial institutions to control, simplify, and extend engaging intelligent digital money movement capabilities to their users through any application or device while significantly reducing operating costs & future-proofing their IT investment. Visit www.payveris.com to learn more.

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.

 

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