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On September 1, CB Insights released the third Top 250 list of financial technology. As one of the most influential FinTech lists in the world, the FinTech Top 250 is committed to finding 250 most promising FinTech startups and the next unicorn in this field worldwide. Credit Sesame, a North American personal credit information service company invested by the China Canada Angel Alliance (CCAA for short) managed by Zhongguancun Dahe Capital, was selected successfully.

Picture: Top 250 FinTech Companies and Classification Map in 2020 (data source: CB Insights)

Nearly 16000 financial technology related enterprises participated in the list registration and nomination. Based on the data and information provided by the company, business model, potential energy in the past year and CB Insights Mosaic scoring system, 250 promising financial technology start-ups in the world in 2020 were selected from the 16000 enterprises. These companies come from 25 countries and regions around the world.

It is understood that in the last FinTech 250 list released in 2018, 37 companies became unicorns, and 23 companies were listed or acquired, including Ant Financial, Lakala and other well-known enterprises. Since 2019, Fintech 250 has completed 247 rounds of financing in 2018, including 83 rounds of financing exceeding US $100 million, with total financing amount exceeding US $22.9 billion.

Credit Sesame is committed to providing credit reporting services and helping consumers improve their financial situation. Since its inception, Credit Sesame has used its profound credit expertise and understanding of the relationship between credit data and cash to provide a unique solution for millions of North Americans, helping them effectively use their credit scores and cash to achieve financial stability and create better opportunities for themselves and their families.

Credit Sesame has become a leading personal credit information service company, bringing fruitful results to consumers. About 50% of the members saw their credit scores improved by more than 10 points in the first six months, while 20% of the members saw their credit scores improved significantly by more than 50 points in the first six months. Earlier this year, Credit Sesame launched Sesame Cash, the first digital bank account that can help consumers increase cash and credit at the same time, and provide customers with more rewards than any other digital bank account in the market. The company is one of the fastest growing new digital banks. In the first month, it attracted more than 200000 customers and provided cash rewards to thousands of customers by improving their credit scores.

“We started personal finance from the perspective of personal credit management, which is a huge demand, because it is an integral part of personal financial situation. With the launch of our digital banking service Sesame Cash, we are expanding our AI and optimization functions from the aspects of credit data and cash management,” said Adrian Nazari, CEO and founder of Credit Sesame. “We already have a huge and growing membership base. Now we have a more comprehensive personal finance platform with large-scale potential. We are honored to have made progress here recognized by CB Insights.”

Anand Sanwal, CEO of CB Insights, said: “We are honored to re select the world’s 250 best private financial technology companies. This year’s Fintech 250 comes from 25 countries, covering 19 categories, and has re conceived all the contents from retail banking, cryptocurrency to insurance and asset management.”. Sanwar said, “The previous Fintech 250 has received more than 22 billion dollars of investor financing after entering the list, and more than 20 projects have completed their withdrawal. We hope to continue to achieve similar success in changing people’s and enterprises’ spending, saving, borrowing, payment methods and improving investment returns this year.”