CB Insights released its third annual Fintech 250 list, and AvidXchange is among the top private fintech companies using technology to transform the financial services industry. Additionally, AvidXchange was recognized as the most well-funded company on the Fintech 250 list in the accounting and finance category.
More than 16,000 companies from around the world were reviewed from applications and nominations to determine the top 250. Companies range from startups to well-funded unicorns across 19 different financial services categories.
Honorees are selected based on several factors including data submitted by the company, company business models, momentum in the marketplace and CB Insights’ proprietary algorithm that determines overall health and growth potential of private companies.
The full Fintech 250 list can be viewed here.