NEW YORK–(BUSINESS WIRE)–CB Insights named Atomic to its fifth annual Fintech 250 ranking, showcasing the 250 most promising private fintech companies in 2022.
“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.”
“We view being named to the CB Insights Fintech 250 as an important strategic achievement in itself,” said Lindsay Davis, chief marketing officer at Atomic. “Our team has worked hard to build a category-defining fintech company. This is confirmation that our pay connection technology is truly cutting edge and that we are succeeding in our mission: to advance fair financial services and empower every American to unlock the power of their paycheck.”
Atomic’s mission and payroll connectivity solutions have been embraced by some of the most innovative neobanks and fintech platforms reshaping a legacy financial services landscape, including Coinbase, Dave, Propel and other Fintech 250 alumni, as well as over 125 financial institutions, fintech businesses and technology partners . Over the past three years, Atomic has expanded its payroll connectivity solutions to enable customers to digitize and automate manual processes to verify income and employment data (VOI and VOE), set up or switch direct deposit payments, tap earned but unpaid wages , repay financial obligations directly from a paycheck, and streamline tax filing processes, all with a single platform integration. Atomic has also invested in providing the most secure and sophisticated platform for consumer authorization of payroll data and was the first market solution to offer secure delegated access through Uplink technology.
Using the CB Insights platform, the research team selected the 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 results, market potential, business relationships, investor profile, news sentiment analysis, competitive landscape, team strength and technology novelty. The research team also reviewed over 2,000 analyst briefings submitted by applicants.
Fast facts about the 2022 Fintech 250:
- Equity financing and agreements: The Fintech 250 cohort has raised over $115 billion in equity capital across over 1,100 deals since the start of 2017 (as of 9/20/2022). In 2021 alone, winners raised over $51 billion across 337 equity 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 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 Atomic
Atomic is the market-leading provider of payroll connectivity, trusted by over 125 financial institutions, fintech firms and partners, including 12 of the largest fintech apps offering a digital-first neobank, alternative lending, crypto exchanges and digital brokerages. Atomic’s payroll integrations provide the infrastructure to connect consumers to their financial data, automate direct deposit setup and updates, digitize income and employment verifications, repay financial obligations from their paycheck, access earned but unpaid wages, and tax filing benefits.
Atomic was selected for a 2022 Fintech Breakthrough Award for Best Banking Transaction Solution, recognized as a Top Work Places 2022, and named a CB Insights Fintech 250 in 2022. The firm has raised $78.6 million from prominent investors, including Mercato Partners , Core Innovation Capital , Portage, Greylock and ATX Venture Partners.
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