NEW YORK, September 1, 2020 — CB Insights today named Symbiont to the third annual Fintech 250, a prestigious list of emerging private companies working on groundbreaking financial technology.
The award recognizes Symbiont for transforming the global financial markets with blockchain technology. It comes during a year when the fast-growing fintech has experienced rapid adoption of its blockchain platform, Symbiont Assembly™. In partnership with leading financial institutions, Symbiont recently unveiled several new initiatives that are breaking new, innovative ground in capital markets, including:
Revolutionizing the foreign exchange market with blockchain technology in partnership with Vanguard, Bank of New York Mellon, State Street, and Franklin Templeton
Digitizing the issuance of asset-backed securities (ABS) in collaboration with Vanguard, Bank of New York Mellon, State Street, Citi, and a large US ABS issuer
Transforming the agriculture supply chain with blockchain technology in a new partnership with agritech GrainChain
Through an evidence-based approach, the CB Insights Intelligence Unit selected Symbiont for 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.
“We're proud to, once again, recognize the 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.”
Being named to the 2020 CB Insights Fintech 250 List of Fastest-Growing Fintech Startups is the latest in a series of accolades for Symbiont. Long-term Symbiont partners, Citigroup, Nasdaq and Vanguard, were recently named to the Forbes’ Blockchain 50 and received recognition for leveraging Symbiont’s blockchain platform, Assembly, to revolutionize financial services.
About Symbiont
Symbiont is the enterprise fintech company creating the next generation of financial markets infrastructure using blockchain technology. Assembly™, Symbiont's enterprise blockchain platform, creates efficiencies, eliminates manual data replication and reconciliation processes, and enables real-time data sharing with complete privacy. The world's leading financial services firms, including Citi, Nasdaq, Ranieri, Templum and Vanguard, choose to work with Symbiont to solve their toughest business problems. With offices in New York and Amsterdam, Symbiont is led by a team of 100+ experts in capital markets and blockchain technology. To learn more about Symbiont, please visit symbiont.io or contact the team at info@symbiont.io.
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