NEW YORK--(BUSINESS WIRE)--CB Insights today named PeerStreet, a marketplace for investing in real estate backed loans, as one of 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 conference, 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 Sanwal.
“We are extremely proud to be added to this prestigious list of impressive fintech companies,” said Brett Crosby, Co-founder and COO of PeerStreet. “Our mission has been to democratize real estate investing by providing access to high quality, real estate backed loans and we’re doing it in a fully digital, more transparent and highly streamlined way. This recognition is made possible by the work of our incredibly dedicated and talented team who lives our mission and carries our momentum forward on a daily basis.”
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 are among others with PeerStreet in being recognized for their innovative technology in front of an audience of 1,000 senior executives from around the world and news outlets, including The New York Times, The Wall Street Journal, The Financial Times, Reuters and Bloomberg.
Launched in 2014, the Andreessen-Horowitz-backed platform has funded over $350 million loans and returned over $150 million back to its investors. This recognition is the latest addition to the startup’s growing list of accolades, which follow a landmark 2016 marked by rapid growth, expanded footprint and a strong start to 2017. The firm is a recent winner of a LendIt Industry Award, the Fintech Breakthrough Award, a Los Angeles Venture Association (LAVA) Award and a finalist for The Benzinga Global FinTech Awards.
Quick facts on the Fintech 250:
- These 250 emerging private companies have raised $14B 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 Andreessen Horowitz and Goldman Sachs backed nine.
- Twenty-three Fintech 250 companies have reached a valuation of $1B or more.
- 23 countries are represented among the Fintech 250 companies.
The Fintech 250 Companies (in alphabetical order):
|Adyen||Funding Societies||Qapital Insight|
|Ant Financial Services Group||Guideline||Raisin|
|Assembly Payments||Habito||Red Dot Payment|
|Atom Bank||hibob||Reorg Research|
|Auxmoney||IEX Group||Ripple Labs|
|Beijing LaKala Billing Services||JD Finance||Roostify|
|Betterment||Juzhen Financials||Shenzhen Kingdee Suishou Technology|
|Branch International||Lemonade||Stash Invest|
|Brave Software||LendingHome||Street Contxt|
|C2FO||LendInvest||Symphony Communication Services Holdings|
|Canopy Tax||LevelUp||Tally Technologies|
|Circle Internet Financial||MarketInvoice||Token|
|Clarity Money||Merlon Intelligence||Trading Ticket|
|Credit Benchmark||Mynt||Tyro Payments|
|CreditEase Insurance Agency||Nav||Veem|
|Cross River Bank||NerdWallet||Viva Republica|
|Crowdcube||New York Shipping Exchange||Wave Accounting|
|Digital Asset Holdings||OpenFin||WorldRemit|
|Digital Reasoning Systems||OpenGamma||Xapo|
|Droit Fintech||Oportun||Xiaoyusan Insurance|
|Easynvest||Oscar Health Insurance Co.||Xishan Information Technology|
|Even Respsonsible Finance||Payoneer||Zeitgold|
|Ezetap Mobile Solutions||Paytm Payment Bank||ZestMoney|
|Factom||PeerIQ||Zhong An Insurance|
|Finrise||Point Digital Finance|
PeerStreet is an award-winning, Andreessen-Horowitz-backed platform focused on democratizing access to real estate debt. The company provides investments in high-yield, short term, real estate backed loans. PeerStreet’s unique marketplace allows investors to diversify their capital in an asset class that has been traditionally difficult to access. Loans are sourced and curated from vetted private lenders throughout the United States who have local real estate expertise and borrower relationships. The model allows for more borrowers to access capital and improve their local communities, one house at a time. PeerStreet’s platform is secure and intuitive with an easy-to-use interface, offering a wealth of information and tools for every level of investor.
The company is led by former real estate attorney Brew Johnson, former Google executive Brett Crosby and Y Combinator alumnus Alex Perelman. Learn more at www.peerstreet.com and on Twitter @PeerStreet.
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.
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.
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