Read Сryptocurrency News



BlockFi Named to CB Insights List of Fastest-Growing Fintech Startups

BlockFi Named to CB Insights List of Fastest-Growing Fintech Startups
Copyright on text and image: BlockFi.com

NEW YORK, September 1, 2020 — CB Insights today named BlockFi to the third annual Fintech 250, a prestigious list of emerging private companies working on groundbreaking 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’s been a fantastic year for BlockFi, and we’re honored to be included in the Fintech 250 list for 2020,” said Zac Prince, Founder and CEO of BlockFi. “Between the release of our mobile app, a major round of Series C funding, our expansion across global markets, and the addition of a whole host of new products and services for clients, we’re making it easier and more efficient than ever for investors to dive into crypto.”

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. 

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)

  • BlockFi’s platform offers clients crypto-based interest accounts providing up to an 8.6% annual percentage yield on Bitcoin, Ether, and stablecoins; crypto-backed loans allowing clients to access liquidity up to 50% of an asset’s value in USD; and zero-fee trading. 

    BlockFi manages more than $1.5 billion in assets on the platform, with a 0% loss rate across its entire loan portfolio since the company began lending in January 2018. The company, which is on track to generate over $100 million in revenue this year, recently launched a mobile app and soon plans to launch a Bitcoin Rewards Credit Card.

    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.

    Contact:

    Keith Swiader, PR Manager

    keith.swiader@cbinsights.com



    Earn UP TO 8.6% API on Your Crypto!
    BlockFi Wealth Management Offers Leading Interest Rates On Crypto Deposits, As Well As Fast And Easy Loans!





    Add comment




    TOP CRYPTO NEWS TODAY


    Latest Video News