NEW YORK--(BUSINESS WIRE)--CB Insights today named Stampli to the fourth annual Fintech 250, a prestigious list of emerging private companies working on groundbreaking financial technology. This year’s list was unveiled on stage at CB Insights’ Future of Fintech conference in New York City.
“This is the fourth class of the Fintech 250, and it’s also the most international, representing 26 countries. These 250 fintech startups are attacking an incredibly diverse array of financial services opportunities across 19 sectors, including digital banking, insurance, payroll, retail investing, and more,” said CB Insights CEO Anand Sanwal. “After being named to the CB Insights Fintech 250 last year, the 2020 class saw 17 companies go public and 25 get acquired. They also went on to raise over $25B in additional financing and forged more than 380 new partnerships after being recognized. The Fintech 250 has a history of spotlighting the very best fintech companies, and this year is no different. We're excited to see how these fintech startups disrupt and transform financial services in the years ahead."
Stampli’s CEO Eyal Feldman shared: “To see Stampli named among such strong leaders in the Fintech space is an honor. It’s always been Stampli’s goal to create the most powerful AP automation solution in the space, and this is an encouraging proof point as we continue to build on our mission. We’re proud to provide a platform that helps finance and accounts payables teams achieve their strategic objectives, while adding delight into their everyday work. There are so many exciting things ahead for our customers as we continue expanding our product. We can't wait for what comes next.”
Through an evidence-based approach, the CB Insights Intelligence Unit selected the Fintech 250 from a pool of over 17,000 companies, including applicants and nominees. They were chosen based on several factors, including data submitted by the companies, company business models and momentum in the market, and Mosaic scores, CB Insights’ proprietary algorithm that measures the overall health and growth potential of private companies.
Stampli’s recognition on 2021 CB Insights Fintech 250 further contributes to a breakthrough year for Stampli, which closed its Series C funding round at $50 million led by Insight Partners in spring of 2021. Over the last year, Stampli was also named a leader in G2 Grid® for AP Automation for the 9th consecutive quarter; awarded The Best AP Solution from FinTech Breakthrough Awards for 2021; designated one of the Top 50 Most Promising Startups in Israel; and named The Best AP Automation Company in the USA from New World Report.
About CB Insights
CB Insights builds software that enables the world's best companies to discover, understand, and make technology decisions with confidence. By marrying data, expert insights, and work management tools, clients manage their end-to-end technology decision-making process on CB Insights. To learn more, please visit www.cbinsights.com.
Stampli is a complete AP automation platform that brings together accounts payable communications, documentation, and payments in one place. By centering communications on top of the invoice itself, AP departments collaborate and communicate better with approvers, vendors, and anyone involved with purchases, allowing approvals to happen 5x faster. In addition, Stampli’s AI, Billy the Bot, learns an organization’s unique patterns to simplify GL-coding, automate approval notifications, identify duplicate invoices, and reduce time spent on manual data entry. Stampli’s flexible platform fits seamlessly into any existing processes and integrates with financial systems, including NetSuite, Sage Intacct, QuickBooks, Microsoft Dynamics, SAP, and more. For more information, visit stampli.com.