NEW YORK – October 22, 2018 – Justworks, the fastest growing HR technology company,was named today to CB Insights’ second annual Fintech 250 list. As one of the Fintech 250, Justworks joins a diverse group of private companies working on groundbreaking financial technology across a variety of industries. The 2018 list included other household names such as Betterment, Coinbase, Credit Karma, GoFundMe, Lemonade, Nerdwallet, Oscar, Qapital, Robinhood, and Stash.
“We’re proud to be one of just a few payroll and benefits companies to make the CB Insights Fintech 250 list,” said Isaac Oates, Founder and CEO of Justworks. “It’s a recognition of our commitment to providing best-in-class benefits, payroll, HR, and compliance tools for entrepreneurs and growing businesses. As we look to 2019, we’re excited to build upon the modern, delightful, and user-centric experience that our customers have come to rely on to take care of their people."
“After we named the inaugural Fintech 250 in 2017, they went on to raise $23B including 30 rounds of over $100 million,” said CB Insights CEO Anand Sanwal. “22 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.”
The CB Insights research team selected the winners of this year’s Fintech 250 based on several factors, including financial data that was submitted by each company and their Mosaic Score. The Mosaic Score is constructed through CB Insights’ algorithm which measures the overall health and growth of private companies. Through this evidence-based, statically-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 to 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.
Justworks takes the busyness out of running a business. Founded in 2012, Justworks, the fastest growing HR technology company, helps entrepreneurs and businesses grow with confidence by giving them access to big-company benefits, automated payroll, HR tools, and compliance support — all in one place. Justworks does this by combining the power of a certified Professional Employer Organization (PEO) with expert 24/7 customer service and a simple and friendly platform. With Justworks, teams of all sizes can work fearlessly, pursue their passion, and do more of what matters. To learn more visit www.justworks.com, follow us on Twitter @JustworksHR, and Instagram @Justworks_HR.
About CB Insights
At CB Insights, they believe the most complex strategic business questions are best answered with facts. They are a machine intelligence company that synthesizes, analyzes, and visualizes millions of documents to give their clients fast, fact-based insights. Serving the majority of the Fortune 100, they give companies the power to make better decisions, take control of their own future, and capitalize on change.