Xignite Named to the 2017 Fintech 250, Highlighting Advancements in Cloud-based Market Data
New York, NY, June 27, 2017 -- CB Insights today named Xignite 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.
“We are excited to be part of the CB Insights Fintech 250. Our vision is to empower and inspire the future of finance, and it is rewarding to see that we have empowered and inspired no less than 18 of the Fintech 250 with our easy-to-use cloud-based market data solutions. We are looking forward to taking what we have done with fintech companies to empower larger financial institutions to re-invent their customer experience all the while lowering costs,” said Stephane Dubois, CEO of Xignite.
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 Xignite 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.
Xignite makes market data easy, freeing clients from the constraints of hardware and software so that they may create, deliver, and scale applications globally, touching millions of users and devices. Xignite provides cloud-based real-time and reference market data to financial services and fintech companies for easy integration with websites, apps, and software. The Xignite Market Data Cloud platform, hosted by AWS, allows companies to simplify infrastructure, scale quickly, and innovate faster. Xignite handles more than 250 billion API calls each month.
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 Andreesen Horowitz and Goldman Sachs backed 9.
- 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):
Ant Financial Services Group
Beijing LaKala Billing Services
Circle Internet Financial
CreditEase Insurance Agency
Cross River Bank
Digital Asset Holdings
Digital Reasoning Systems
Even Respsonsible Finance
Ezetap Mobile Solutions
New York Shipping Exchange
Oscar Health Insurance Co.
Paytm Payment Bank
Point Digital Finance
Red Dot Payment
Shenzhen Kingdee Suishou Technology
Symphony Communication Services Holdings
Xishan Information Technology
Zhong An Insurance
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.
Farrah Kim, PR Manager
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:
To learn more about CB Insights’ Future of Fintech, go here:
Named one of the ten coolest brands in banking, Xignite, Inc. makes market data easy. Xignite pioneered the shift of market data to the public cloud and is leading the disruption of the market data industry. The Xignite Market Data Cloud, hosted by AWS, provides financial entrepreneurs cloud-based solutions for managing and distributing market data. Xignite’s clients include more than 1,000 financial services, media and software companies including BMO, BlackRock, Charles Schwab, TIAA, and FinTech innovators Betterment, Envestnet|Yodlee, FutureAdvisor, Motif Investing, Personal Capital, Robinhood, SoFi, Stocktwits, and Wealthfront. Visit http://www.xignite.com or follow on Twitter @xignite.