Sure honored for achievements in insurance, recognized amongst the most promising companies globally
LOS ANGELES, September 1, 2020 -- Sure, an insurance technology company, has been named to the CB Insights Fintech 250, a prestigious list of emerging private companies working on groundbreaking financial technology. This is the third annual publication of the list.
“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.”
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.
Sure is one of the fastest-growing enterprise insurtech companies in the industry. Founded in 2014, the company focused its early years fulfilling the episodic insurance needs of consumers making it possible to digitally insure the things most important to them at that moment. Today, Sure continues its mission to make digital insurance available to every consumer by powering the technology behind the most sophisticated insurance brands and carriers. Sure’s enterprise SaaS Platform and APIs accelerate digital transformation and omnichannel distribution to drive the industry forward
2020 Fintech 250 Highlights:
- Unicorns: 32 of the 250 companies are valued at or above $1B as of their latest funding round
- Funding trends: YTD, these 250 private companies have raised $10.3B in equity funding across 120 deals (as of 8/26/20)
- Mega-rounds: Since 2019, there have been 87 mega-round ($100M+) equity investments to this year’s Fintech 250, with 35 of them in 2020 YTD (as of 8/25/20)
- Global representation: 46% of the 2020 Fintech 250 are based outside the US. After the US, the UK is home to the most Fintech 250 companies (38), followed by India (20)
To view the full list of Fintech 250 Companies and download the report, visit CB Insights.
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.
Sure, an insurance technology company, powers digital insurance programs for the world’s most recognized brands and carriers. Its enterprise SaaS Platform and APIs accelerate digital transformation and omnichannel distribution without the need for additional IT resources. Sure streamlines all aspects of digital insurance sales and service with features designed for each phase of the insurance lifecycle.
Founded in 2014, the company has customers around the globe and is headquartered in Santa Monica, California. To learn more about Sure, visit sureapp.com.