home/
press release/
bitgo/
fintech/
CB Insights

BitGo Named a Fastest Growing Fintech Startup by CB Insights

Recognized for leadership and innovation in building secure custodial solutions for digital assets

New York, NY, October 25, 2018 — CB Insights has named BitGo to the second annual Fintech 250 list, a prestigious group of emerging private companies working on groundbreaking financial technology.

BitGo provides institutional investors with security, compliance, and custodial solutions for blockchain-based currencies. Earlier this month, BitGo announced new funding from Goldman Sachs and Galaxy Digital Ventures, a venture investment firm founded by Michael Novogratz. In September, BitGo announced the launch of BitGo Trust Company, the first qualified custodian purpose-built for storing digital assets.

“At BitGo, we are solving an important problem that faces the financial industry – how to safely and securely invest in digital assets,” BitGo CEO Mike Belshe said. “We are building the financial infrastructure for the future that delivers the highest levels of both security and regulatory compliance and will pave the way for mainstream investment in digital assets. We are honored to be recognized by CB Insights for our contribution and we will continue to innovate and build the foundation for this exciting new world of digital money.”

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.

BitGo Quick Facts:

  • Largest processor of on-chain bitcoin transactions
  • 15% of all global bitcoin transactions
  • $15 billion per month across all cryptocurrencies
  • Supports more than 95 coins and tokens
  • More than $2 billion in assets in wallet
  • Chosen and trusted by hundreds of exchanges across more than 50 countries

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.

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.

About BitGo

BitGo is the market leader in institutional-grade cryptocurrency investment services providing security, compliance, and custodial solutions for blockchain-based currencies. BitGo is the world's largest processor of on-chain bitcoin transactions, processing 15% of all global Bitcoin transactions, and $15 billion per month across all cryptocurrencies. The company has over $2 billion in assets in wallet, and a customer base that includes the world's largest cryptocurrency exchanges and spans more than 50 countries. In 2018, it launched BitGo Trust Company, the first qualified custodian purpose-built for storing digital assets. BitGo is backed by Craft Ventures, DRW, Galaxy Digital Ventures, Goldman Sachs, Redpoint Ventures, and Valor Equity Partners.

Contact Us

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.

Contact Us

Prev
May 14th, 2017
BitGo’s Blockchain Team: Q1 2019 Retrospective
Next
Oct 29th, 2019
BitGo’s Approach to the Upcoming BCH and ETH Hard Forks