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Fairmarkit Named to CB Insights List of Top Fintech Startups

Fairmarkit honored for achievements in fintech and automated procurement solutions

· Portfolio Company

CB Insights has named Fairmarkit to its annual Fintech 250, a prestigious list of emerging private financial technology companies.

“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."

CB Insights selected the leaders from a vast pool of over 17,000 companies and chose based on factors including data submitted by the companies, company business models and momentum in the market, and CB Insights’ proprietary algorithm that measures the overall health and growth potential of private companies.

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Since its founding in 2017, Boston-based Fairmarkit has worked with some of the world’s largest companies to help source and manage their purchases with data and automation. Fairmarkit enables enterprises to modernize their operations with advanced tech, eliminating manual legacy practices for immediate impact on their bottom lines.