Alto honored for achievements in retail investment and wealth management
NASHVILLE, TN / ACCESSWIRE / October 4, 2022 / CB insight today called Alto Solutions, Inc. (Alto), a self-directed IRA provider that enables individuals to diversify their retirement investments, to its fifth annual Fintech 250 rankingwhich showcases the 250 most promising private fintech companies in 2022. This is the second year in a row that Alto has been named to the list.
“We are honored to be included in this year’s CB Insights” Fintech 250 list along with a number of other innovative organizations,” said Erik Satz, Alto founder and CEO. “Alto is on a mission to unlock options for everyone and change the face of retirement for millions of Americans. We’re doing this so everyone has the confidence and opportunity to diversify their portfolios the way wealthy and institutional investors have done for years.”
Alto’s self-directed IRA platform streamlines the process for investing in alternative assets using retirement funds. Through the Alto IRA and Alto CryptoIRA®, investors have a variety of alternative assets to choose from, including art, crypto, real estate, venture capital and more. Alto has experienced significant company growth over the past year, including the successful closing of a $40 million in Series B financing round led by Advance Venture Partners at the end of December 2021. In addition, Alto recently released its 2022 Alternative Investing Report: How Millennials See Their Financial Futurewhich found that not only are millennials unsure of how to achieve a comfortable retirement, but also that a majority of Americans lack confidence in traditional stock markets, which speaks to the need for greater education, information and tools to pursue investment options beyond public markets.
By using CB Insights Platform, the research team selected these 250 winners from a pool of over 12,500 private companies, including applicants and nominees. They were selected based on factors including R&D activity, proprietary Mosaic scores, market potential, business relationships, investor profile, news sentiment analysis, competitive landscape, team strength and technological novelty. The research team has also reviewed over 2,000 of Analyst briefings submitted by applicants.
“This year’s Fintech 250 winners are shaping the future of financial services, from payments and banking to investments and insurance,” said Brian Lee, SVP of CB Insights’ Intelligence Unit. “Representing more than 30 countries, these companies are creating safer and more efficient ways to pay, transforming how traditional banking, insurance and investment products are delivered. Together, they not only make financial services more convenient for users, but also make them accessible. to more people, especially traditionally underserved populations around the world.”
Fast facts about the 2022 Fintech 250:
- Equity funding and deals: The Fintech 250 cohort has raised over $115 billion in equity funding across over 1,100 deals since the start of 2017 (as of 9/20/2022). In 2021 alone, winners collected over $51 billion in 337 stock deals.
- Unicorns: There are 159 companies with $1B+ valuations on the list.
- Global Reach: Globalization is a central theme for this year’s Fintech 250. The winners represent 33 different countries across the globe – seven more than last year. Just over half (53%) of the selected companies are headquartered in the US, which is the fewest seen in the Fintech 250 since 2017. The UK came second with 31 winners (12%), followed by India with 14 (6%). ), Brazil with nine (4%) and Germany with seven (3%).
About CB Insights
CB Insights builds software that enables the world’s best companies to discover, understand and make technology decisions with confidence. By combining data, expert insights and work management tools, clients manage their end-to-end technology decision-making process at CB Insights. To learn more, please visit www.cbinsights.com.
About Alto
Alto is a self-directed IRA solution that enables individuals to diversify their portfolios by investing in alternative assets such as private equity, venture capital, real estate, farmland and crypto using retirement funds. Alto IRA and Alto CryptoIRA® offer the same tax advantages as more conventional, legacy IRAs, while providing access to investment opportunities not offered by most custodians – without complicated or hidden fees. Alto’s network partners include AcreTrader, AngelList, Eaglebrook Advisors, Masterworks, Republic and Coinbase – providing access to more than 200 coins and tokens giving Alto users many ways to diversify their investments. Alto is not a registered broker-dealer or investment adviser. Alto does not promote or endorse individual investment opportunities and does not provide legal, tax or investment advice to its clients.
To learn more visit: altoira.com
CONSULT:
Shazana Farook
Caliber Business Advisors
[email protected]
347-952-6375
CB insight
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SOURCE: Alto Solutions, Inc.
