Wednesday, October 27, 2021


Alto Named to the 2021 CB Insights Fintech 250 Record of Prime Fintech Startups

Alto Honored for Achievements in Private Finance Printed: Oct. 6, 2021 at 9:21 AM MDT NASHVILLE, Tenn., Oct. 6, 2021 /PRNewswire/…

By Staff , in IRAs , at October 27, 2021


Alto Honored for Achievements in Private Finance

Printed: Oct. 6, 2021 at 9:21 AM MDT

NASHVILLE, Tenn., Oct. 6, 2021 /PRNewswire/ — CB Insights at present named Alto Options, Inc. (Alto) to the fourth annual Fintech 250, a prestigious checklist of rising personal firms engaged on groundbreaking monetary expertise. This yr’s checklist was unveiled on stage at CB Insights’ Way forward for Fintech convention in New York Metropolis.

Alto Logo (PRNewsfoto/Alto)
Alto Emblem (PRNewsfoto/Alto)

“That is the fourth class of the Fintech 250, and it is also probably the most worldwide, representing 26 international locations. These 250 fintech startups are attacking an extremely numerous array of monetary providers alternatives throughout 19 sectors, together with digital banking, insurance coverage, payroll, retail investing, and extra,” mentioned CB Insights CEO Anand Sanwal. “After being named to the CB Insights Fintech 250 final yr, the 2020 class noticed 17 firms go public and 25 get acquired. Additionally they went on to lift over $25B in further financing and cast greater than 380 new partnerships after being acknowledged. The Fintech 250 has a historical past of spotlighting the perfect fintech firms, and this yr isn’t any completely different. We’re excited to see how these fintech startups disrupt and rework monetary providers within the years forward.”

“Alto’s mission is to supply all people the instruments and assets they should spend money on various property and safe the monetary future they need,” mentioned Eric Satz, founder and CEO of Alto. “Briefly, we wish to revolutionize the choice investing trade to open the gates to actual wealth creation for all. We’ve seen unbelievable platform development over the previous yr, and receiving the consideration of being named to the 2021 CB Insights Fintech 250 additional validates the vital work that we’re doing every day to stage the taking part in discipline for all traders.”

By way of an evidence-based strategy, the CB Insights Intelligence Unit chosen the Fintech 250 from a pool of over 17,000 firms, together with candidates and nominees. They had been chosen based mostly on a number of components, together with information submitted by the businesses; firm enterprise fashions and momentum available in the market; and Mosaic scores, which is CB Insights’ proprietary algorithm that measures the general well being and development potential of personal firms.

Alto is the next-generation self-directed IRA platform that makes it straightforward to spend money on various property utilizing retirement funds. The primary of its sort, Alto’s platform streamlines the method for traders, funding funding portals, and funding sponsors alike. Providing each Alto IRA and Alto CryptoIRA®, traders have quite a lot of various property to select from, together with actual property, startup firms, and cryptocurrency. Alto has skilled vital firm development throughout the previous yr, together with the latest profitable shut of a $17 million Sequence A funding spherical led by Uncommon Ventures.

Fintech 250 2021: Funding Highlights

  • Unicorns: 118 of the 250 firms (47%) are valued at or above $1B as of their newest funding spherical.
  • Funding developments: In 2021 year-to-date (YTD), these 250 personal firms have raised $40.3B in fairness funding throughout 275 offers (as of Sept. 14, 2021).
  • Mega-rounds: Since 2020, there have been 178 mega-round ($100M+) fairness investments to this yr’s Fintech 250, with 138 of them in 2021 YTD.
  • International illustration: 36% of the 2021 Fintech 250 are based mostly outdoors the U.S. After the U.S., the UK is residence to probably the most Fintech 250 firms (25), adopted by India (12). This yr’s winners are based mostly in 26 international locations, together with France, Brazil, Germany, Indonesia, and Nigeria.
  • Prime VC investor: Ribbit Capital is probably the most energetic investor on this yr’s Fintech 250 firms, having invested in 62 offers since 2016. Since 2019, Ribbit has participated in 41 offers with this cohort of firms, together with to Nubank, Uala, Brex, Vouch, Razorpay, and BharatPe. Tiger International Administration and Accel had been shut behind with 57 and 55 offers, respectively.

About CB Insights

CB Insights builds software program that permits the world’s finest firms to find, perceive, and make expertise selections with confidence. By marrying information, skilled insights, and work administration instruments, shoppers handle their end-to-end expertise decision-making course of on CB Insights. To be taught extra, please go to www.cbinsights.com.

About Alto

Alto is a Nashville-based monetary expertise firm that launched its next-generation self-directed IRA platform in 2018 to make it straightforward for people to entry and spend money on various property utilizing their retirement funds. The primary of its sort, Alto’s platform streamlines the method for traders, funding funding portals, and funding sponsors alike. Alto’s present funding companions embrace DiversyFund, Fundr, Masterworks, Republic, and Vint, in addition to monetary advisors, fund sponsors, and different direct issuers. Moreover, Alto CryptoIRA® is built-in with Coinbase. Alto just isn’t a registered broker-dealer or funding advisor.

For extra data, please go to www.AltoIRA.com or observe Alto on LinkedIn, Twitter, Fb, and Instagram.

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