Kyriba Honored for Innovation in Cloud-Based Treasury and Finance Management
NEW YORK, Oct. 23, 2018 -- CB Insights today named Kyriba, the #1 provider of cloud treasury and financial management solutions, 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, those companies went on to raise $23B, including 30 rounds of funding that were over $100 million. Twenty-two 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.
Kyriba joins a list of top Fintech solution providers, including AvidExchange, Betterment, Coinbase, Etoro, Kabbage, Payoneer, Revolut, Ripple, Robinhood, Stripe Transferwise and many more. See the full CB Insights Market Map here.
“Kyriba is honored to be named among the Fintech 250 by CB Insights for the second year in a row,” said Jean-Luc Robert, Chairman and CEO at Kyriba. “In today’s complex, global business environment, disruptive Fintechs like Kyriba are helping empower senior financial executives to make faster business decisions, modernize key processes, and capitalize on growth opportunities.”
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.
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 from 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
For more information or to see the full FinTech 250 list, see Fintech 250.
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.
Kyriba empowers financial leaders and their teams with award-winning solutions for cash and risk management, payments and supply chain finance. Kyriba delivers a highly secure, 100 percent SaaS enterprise platform, superior bank connectivity and a seamlessly integrated solution set for tackling today’s most complex financial challenges. Thousands of companies, including many of the world’s largest organizations, rely on Kyriba to streamline key processes, protect against loss from fraud and cybercrime, and accelerate growth opportunities through improved decision support. Technology analyst firm IDC recognized Kyriba as a global leader in its MarketScape for SaaS and cloud-enabled treasury and risk management applications for 2017-2018. Kyriba is headquartered in New York, with offices in San Diego, Paris, London, Tokyo, Dubai and other major locations. For more information, visit www.kyriba.com.
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