CB Insights today named VGS to the third annual Fintech 250, a prestigious list of emerging private companies working on groundbreaking financial technology.
Very Good Security honored for achievements in data security, regulatory and compliance
NEW YORK, September 1, 2020
“We're proud to, once again, recognize the 250 best private fintech companies globally. This year's Fintech 250 represents 25 countries and spans 19 categories — reimagining everything from retail banking and crypto, to insurance and asset management,” said CB Insights CEO Anand Sanwal. “The previous Fintech 250 class raised more than $22 billion in investor financing and saw more than 20 exits after being recognized, and we expect this year's class will have similar success as they continue to transform how people and businesses spend, save, borrow, and invest their money.”
“All of us here at Very Good Security are thrilled to be part of this incredible group of fintech companies. At VGS, our goal is to protect the world’s data, and we do so by enabling organizations to decouple themselves from their sensitive information.
We are transforming data security from a burden into a business opportunity. Our innovative self-service model makes it easier for businesses of any size to obtain affordable data protection – democratizing best-in-class security.“
Mahmoud Abdelkader, CEO and cofounder of VGS
Through an evidence-based approach, the CB Insights Intelligence Unit selected the Fintech 250 from a pool of 16,000 companies, including applicants and nominees, based on several factors. These factors include patent activity, investor quality, news sentiment analysis, proprietary Mosaic scores, market potential, partnerships, competitive landscape, team strength, and tech novelty. The Mosaic Score, based on CB Insights’ algorithm, measures the overall health and growth potential of private companies to help predict a company’s momentum.
Very Good Security (VGS) is on a mission to protect the world’s information by transforming security and privacy from a business obstacle into an opportunity as well as a competitive differentiator. We allow companies to use and share sensitive data without having to store that data in their own systems, freeing them from the cost and liability of securing the data themselves. VGS acts as a custodian for sensitive data, improving security while also accelerating business growth without the cost or liability of securing the data themselves.
VGS enables businesses to get to market more quickly, allowing them to focus more time and resources on what they do best, without having to worry about privacy regulations or compliance, such as PCI, or the massive undertaking of building their own data security infrastructure from scratch.
2020 Fintech 250 Highlights:
- Unicorns: 32 of the 250 companies are valued at or above $1B as of their latest funding round
- Funding trends: YTD, these 250 private companies have raised $10.3B in equity funding across 120 deals (as of 8/26/20)
- Mega-rounds: Since 2019, there have been 87 mega-round ($100M+) equity investments to this year’s Fintech 250, with 35 of them in 2020 YTD (as of 8/25/20)
- Global representation: 46% of the 2020 Fintech 250 are based outside the US. After the US, the UK is home to the most Fintech 250 companies (38), followed by India (20)
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.
Keith Swiader, PR Manager
About Very Good Security
Very Good Security (VGS) is a leading data security and enablement company. With VGS startups and enterprise companies can operate on sensitive data without the cost and liability of securing the data
themselves. VGS provides specialized infrastructure that intercepts data and replaces it with an aliased version that improves security while also accelerating business growth. https://www.verygoodsecurity.com/