CB Insights today named Hyperscience to the third annual Fintech 250, a prestigious list of emerging private companies working on groundbreaking financial technology.
Since 2014, Hyperscience’s automation technology has helped data-centric companies parse through vast amounts of unstructured and raw information to make swifter and smarter business decisions. Through the Hyperscience Platform, enterprises are empowered to transform their operations, and drive operational efficiency as well as human productivity by fully unlocking the power of their data. The company is experiencing over 300% growth year-over-year and 3x increase in platform usage. In June, Hyperscience announced its $60 million Series C, which will be used to fuel product development, cement its market leader position and further expand into international markets.
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.
“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.”
Year to date, these 250 private companies have raised $10.3B in equity funding across 120 deals (as of 8/26/20). Nearly half (46%) of the 2020 Fintech 250 are based outside the US.
Interested in learning more? Discover why TD Ameritrade continues to choose Hyperscience and how one financial services client is leveraging Hyperscience to collect 2x more data with a 90% reduction in time spent typing.
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