Behalf Named One of 250 Fastest-Growing Fintechs in the World
This week, CB Insights named Behalf to the second annual Fintech 250 list, a prestigious group of emerging private companies working on groundbreaking financial technology.
The financial services industry is being transformed by insurgent startups. From capital markets to insurance and digital banking to wealth management, the Fintech 250 are among the most promising of these companies globally. We at Behalf are thrilled to be featured amongst tech Unicorns and incredibly innovative startups doing big things for the future of finance.
At Behalf, we focus on simplifying and automating B2B payments — an area that has often been overlooked and underserved by traditional banks. We partner with merchants to help them offer net terms and financing to their business customers, simplifying otherwise complex transactions and de-risking them from the collections process. This business model has recently caught attention of Visa, prompting it to make a strategic investment in Behalf earlier this year.
The CB Insights research team selected the Fintech 250 companies based on several factors including data submitted by each company and their Mosaic Score. The Mosaic Score, based on CB Insights’ 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.
Together, the 2018 Fintech 250 companies have raised approximately $53B in aggregate funding across 947 deals since 2013, and including startups at different investment stages of development, from early-stage (seed/Series A) companies to well-funded unicorns.
To read more about CB Insights’ Fintech 250, please follow this link.