Bill.com Named to the 2018 CB Insights Fintech 250 List of Fastest-Growing Fintech Startups
New York, NY, October 22, 2018 -- CB Insights today named Bill.com to the second annual Fintech 250 list, a prestigious group of emerging private companies working on groundbreaking financial technology.
“After we named the inaugural Fintech 250 in 2017, they went on to raise $23B including 30 rounds of over $100 million. 22 of the Fintech 250 have already exited with half via IPO. This year, we've added 113 new companies to the Fintech 250 using the CB Insights Mosaic algorithm, and the group is broad, covering everything from insurance tech to consumer banking to capital markets tech. We look forward to the success of this year's group,” said CB Insights CEO Anand Sanwal.
“Our role as a driving force behind digital business payments adoption is evident in our fast-growing transaction volume, the scale of our network and the quality relationships we’ve built with the nation’s leading banks and accounting firms,”said René Lacerte, Founder and CEO of Bill.com. “We’re honored to be recognized for the efficiency, simplicity and control we provide businesses for their vendor payments.”
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.
Starting today, CB Insights customers can view the Fintech 250 on Stories, the newest product feature allowing teams to easily create beautiful presentations powered by real-time data visualizations.
Bill.com, which has a network of 3 million members and processes over $60 billion annually, makes it simple for businesses to connect and manage the entire vendor payments process, saving them over 50 percent of the time typically spent making payments. Bill.com partners with 4 of the 10 largest U.S. banks, more than 60 of the top 100 accounting firms and major accounting software providers including Netsuite, Intacct, QuickBooks and Xero.
Quick facts on the 2018 Fintech 250:
- 30 of the Fintech 250 companies have reached a unicorn valuation of $1B or more.
- Since 2017, these 250 private companies have raised $31.8B across 373 deals.
- There were 82 $100M+ mega-rounds to the Fintech 250 since 2013, with 33 of them in 2018 year-to-date (YTD).
- 113 new companies were introduced to the 2018 Fintech 250 list.
- 44% of the 2018 Fintech 250 list are based outside the United States, representing 31 countries.
- Ant Financial is the most well-funded company on the Fintech 250 list, having raised approximately $19.1B across 4 investments.
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.
Bill.com is the leading digital business payments company with a network of 3 million members, processing over $60 billion annually. Making it simple to connect and do business, the Bill.com cloud-based Payment Management Platform automates, simplifies, and controls the payments process, saving more than 50 percent of the time typically spent. Bill.com partners with four of the top 10 largest U.S. banks, more than 60 of the top 100 accounting firms, major accounting software providers including Netsuite, Intacct, QuickBooks and Xero, and is the preferred provider of digital payments solutions for CPA.com, the technology arm of the American Institute of CPAs (AICPA). Winner of more than 70 awards, and recognized as one of San Francisco Business Times’ and Silicon Valley Business Journal’s “2018 Best Places to Work,” Bill.com has raised over $200 million in funding with the most recent investment round led by JP Morgan Chase and Temasek.