Payments company EBANX, that offers payment solutions from Latin America to global merchants, was named to CB Insights third annual Fintech 250, a prestigious list of emerging private companies working on groundbreaking financial technology. EBANX is in the Payments Processing & Networks category.
“We are 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 USD 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.”
EBANX is one of the six Brazilian companies on the list, and one of the eight Latin Americans. "CB Insights Fintech 250 list is worldwide recognized. We are honored to be in it, and featured among companies that create outstanding solutions. It is a double honor to help highlight Brazil and Latin America to the world through the list, showing the digital revolution taking place within the region, and all the potential we have here," said the co-founder and CEO of EBANX, Alphonse Voigt. Brazilians Gorila, Nubank, QuintoAndar, Xerpa, and Creditas, Argentinian Ualá and Mexican Konfío are also on the list that is available here.
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.