CB Insights’ sixth-annual Fintech 100 ranking (previously the Fintech 250) showcasing the 100 most promising private fintech companies of 2023, includes five startups with Israeli offices.
Utilizing the CB Insights platform, the research team selected these 100 winners at different stages of maturity, product development, and funding from a pool of over 19,000 private companies, including applicants and nominees.
The winning companies were chosen based on factors including equity funding, investor profiles, business relationships, R&D activity, news sentiment analysis, competitive landscape, proprietary Mosaic scores, and Yardstiq transcripts – and criteria such as tech novelty and market potential.
Fairmatic, out of stealth only a year, introduced smart commercial auto insurance powered by risk and underwriting models that have been trained with nearly 200 billion miles of driving data. The company has raised $88 million in venture capital, onboarded hundreds of thousands of drivers to its platform, and observed an average of 25% safety improvement among its fleet customers.
Liquidity Group uses machine learning and financial algorithms to monitor the entire debt value chain, quickly and accurately assessing risk for companies across verticals. The company also provides large-scale, equity financing, and non-dilutive credit facilities tailored to each business.
Novidea builds software to digitalize insurance businesses. The cloud-based management platform is intended to fuel rapid growth, optimize customer experience, offer real-time insights and actionable intelligence, and more.
One Zero Digital Bank, founded by Mobileye and OrCam founder Prof. Amnon Shashua, operates online under the supervision of the Bank of Israel. It uses advanced information security systems to provide a private banking service that is truly private and manages clients’ money.
AccessFintech offers the Synergy platform that optimizes workflow through collaboration, using data insights and shared technology access for faster resolution, fails management and prevention, settlement compression, inventory management, instructions and reduced settlement cycles.