CB Insights today named Enfuce to the fourth annual Fintech 250, a prestigious list of emerging private companies working on groundbreaking financial technology. This year’s list was unveiled on stage at CB Insights’ Future of Fintech conference in New York City.
“This is the fourth class of the Fintech 250, and it’s also the most international, representing 26 countries. These 250 fintech startups are attacking an incredibly diverse array of financial services opportunities across 19 sectors, including digital banking, insurance, payroll, retail investing, and more,” said CB Insights CEO Anand Sanwal.
“After being named to the CB Insights Fintech 250 last year, the 2020 class saw 17 companies go public and 25 get acquired. They also went on to raise over $25B in additional financing and forged more than 380 new partnerships after being recognized. The Fintech 250 has a history of spotlighting the very best fintech companies, and this year is no different. We’re excited to see how these fintech startups disrupt and transform financial services in the years ahead.”
“We’re proud and privileged to be on the Fintech 250 list: It is a great achievement for us. We are here to revolutionise the payment industry and honoured to be listed amongst other innovative fintech startups.” – says Monika Liikamaa, CEO and Co-Founder at Enfuce who will provide a keynote speech at Banking 4.0.
Through an evidence-based approach, the CB Insights Intelligence Unit selected the Fintech 250 from a pool of over 17,000 companies, including applicants and nominees. They were chosen based on several factors, including data submitted by the companies, company business models and momentum in the market, and Mosaic scores, CB Insights’ proprietary algorithm that measures the overall health and growth potential of private companies.
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Enfuce is a Nordic payment service provider who helps fintechs, banks, financial institutions, and merchants to launch a payment card in weeks rather than months. In total, Enfuce has received €15M in funding to scale and expand to major European markets, including €5M from Tencent. Currently, Enfuce has over 80 driven professionals in the Nordics and over 13 million end users on its platform.