Behavox honored for achievements in Compliance and Regulation Technology
New York, NY, October 22, 2018 — CB Insights today named Behavox to the second annual Fintech 250 list, a prestigious group of emerging private companies working on groundbreaking financial technology.
“After we named the inaugural Fintech 250 in 2017, they went on to raise $23B including 30 rounds of over $100 million. 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,” said CB Insights CEO Anand Sanwal.
“We’re incredibly excited to be featured on the Fintech 250,” said Behavox CEO, Erkin Adylov. “This is merely one more datapoint indicating our mission to unleash the power of human productivity in the workforce is on the right track. 2018 has been an incredible year for Behavox and we can’t wait to see what the future holds.”
The CB Insights research team selected the Fintech 250 companies based on several factors including data submitted by each company and their Mosaic Score. The Mosaic Score, based on CB Insights’ algorithm, measures the overall health and growth potential of private companies. Through this evidence-based, statistically-driven approach, the Mosaic Score can help predict a company’s momentum, market health and financial viability.
Starting today, CB Insights customers can view the Fintech 250 on Stories, the newest product feature allowing teams to easily create beautiful presentations powered by real-time data visualizations.
Behavox is the people analytics company that gathers and interprets employee data in a corporate environment to understand the behavior of an organization. By aggregating and analyzing internal and external interactions and using cutting-edge software and machine learning Behavox can generate previously unidentifiable insights on: compliance and risk; culture and conduct; people performance; and sales and profits. Behavox works with forward thinking, multi-national businesses, financial institutions and investment firms.
Behavox is based in New York with offices in London, Singapore, Montreal, and San Francisco and is backed by Citigroup, Index Ventures, Hoxton Ventures in addition to the founding team. Behavox is expecting triple digit growth through 2020 and is the recognized leader in the compliance sector, having been undefeated in competitive evaluations and Proofs of Concept.
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.
- Ant Financial is the most well-funded company on the Fintech 250 list, having raised approximately $19.1B across 4 investments.