Kasisto Named to the 2018 CB Insights Fintech 250 List of Fastest-Growing Fintech Startups

NEW YORK, Oct. 22, 2018 /PRNewswire/ -- CB Insights today named Kasisto 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.

"Conversational AI is changing the game for financial services, and Kasisto has proven its ability through the industry's first large-scale enterprise deployments," said Zor Gorelov, CEO and co-founder. "This past year has been one of explosive growth across the board, and we're excited to continue the momentum with new customers and new features. We're honored to have our progress recognized through our inclusion on the Fintech 250 list for the second consecutive year." 

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.

KAI is the leading Conversational AI platform for the finance industry. Kasisto's customers include Wells Fargo, J.P. Morgan, Mastercard, TD Bank, Standard Chartered, DBS Bank, among others. They chose KAI Banking for its proven track record to drive business results while improving customer experiences. The platform is engaging with millions of consumers around the world, across multiple channels, in different languages, and is optimized for performance, scalability, security and compliance.

Built with the deepest AI portfolio in the industry, KAI includes platform tools and services to customize and continually improve consumer experiences as well as seamlessly add new features, channels and markets.

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 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:
Hyeri Kim, PR Manager
[email protected]
+1 212-292-3148 ext. 3020

About Kasisto
Founded in 2013, Kasisto enables financial institutions to service, engage and acquire customers via human-like, intelligent conversations, anytime, anywhere. Kasisto's conversational AI platform, KAI, powers omni-channel virtual assistants and bots with deep domain expertise across mobile apps, websites, messaging platforms, voice-enabled devices. . The platform is engaging with millions of consumers around the world, across multiple channels, in different languages, and is optimized for performance, scalability, security and compliance.. For more information visit www.kasisto.wpengine.com. Follow Kasisto on Twitter, LinkedIn and Facebook.

CONTACT:  [email protected]

SOURCE Kasisto