CB Insights has included Railsr, the leading embedded finance experiences platform, in its fifth-annual Fintech 250 ranking.
The list showcases the 250 most promising private fintech companies of 2022.
CB Insights selected the 250 winners from a pool of over 12,500 private companies, including applicants and nominees. They were chosen based on factors including R&D activity, proprietary Mosaic scores, market potential, business relationships, investor profile, news sentiment analysis, competitive landscape, team strength, and tech novelty. The research team also reviewed over 2,000 of Analyst Briefings submitted by applicants.
Railsr was named in the core banking and infrastructure category for 2022.
“Shaping the Future of Financial Services”
Brian Lee, SVP of CB Insights’ Intelligence Unit said: "This year’s Fintech 250 winners are shaping the future of financial services, from payments and banking to investing and insurance.”
“Representing more than 30 countries, these companies are creating safer and more efficient payment methods, and transforming how traditional banking, insurance and investing products are delivered. Together, they not only make financial services more convenient for users, but also make them available to more people, especially traditionally underserved populations around the globe.”
Choosing the top 250
The methodology behind choosing the 250 has been explained by the team who compiled the list. They pointed out that only private companies can qualify, so no public companies are included.
An initial list of 500 companies is drawn up and from there, the team evaluates, scores and selects companies using data sets. It is a very data driven approach. The CB insights Mosaic is also used, a proprietary company health score for startups. It measures a company's momentum based on funding, valuations and the management behind the company. This includes looking at over 2,000 analyst briefings. Focus points are the company’s product roadmap, revenue growth and customer lifetime value, and how companies differentiate themselves.
As for the list itself, CB Insights highlight that the three largest categories are payments processing and networks, insurance and cryptocurrency. Also, companies within the corporate cards and expense management now have their own standalone category.
Looking at the equity funding raised by all of its 250 winners, there's been over $70 billion raised since the start of 2021. There are 161 unicorns on this list with valuations at over a billion, an incredible jump in 2021, going from just 44 unicorns at the end of 2020. Nearly two-thirds of this year's winners are repeat winners.
A final observation from CB Insights is that the fintech market is maturing, with a good number of the leaders on this list nearly a decade old, some even more.
Railsr
Railsr continues to evolve and innovate; pioneering embedded finance experiences globally.
It has built a portfolio of more than 300 customers in many industries including
financial and retail. Recent customer wins include HelloCash, Sodexo and Payine.
In June, it launched Rewards as a Service (RaaS), implemented a direct connection to SEPA Instant in Europe in July, and support for Confirmation of Payee in the UK in August. With more to come.
Most recently, Railsr has closed its Series C round, raising $46m. Railsr CEO and co-founder Nigel Verdon said: “We have achieved another milestone and closed our Series C, a significant step on our route to profitability.”
To find out more about Railsr and its world leading embedded finance experiences platform, take a look at https://www.railsr.com/start-your-experience.