Digital Journal

TruValue Labs, the pioneer in AI-driven environmental, social, and governance (ESG) data, today announced it was named to CB Insights’ second annual Fintech 250 list, a prestigious ranking that features the top fintech start-ups that apply a mix of software and technology to disrupt the financial services industry.

TruValue Labs and the 249 other companies featured were selected from a pool of nearly 4,000 applicants and nominees, chosen from data submitted about the companies as well as CB Insights’ Mosaic Score, the proprietary algorithm that measures overall achievement potential and health of private companies. The 250 companies combined have raised roughly $53B in aggregate funding across nearly 1000 deals since 2013, according to CB Insights.

“After we named the inaugural Fintech 250 in 2017, they went on to raise $23B including 30 rounds of over $100 million. Twenty-two of the Fintech 250 have already exited with half via IPO. This year, we’ve added 113 new companies to the Fintech 250 using the CB Insights Mosaic algorithm, and the group is broad, covering everything from insurance tech to consumer banking to capital markets tech. We look forward to the success of this year’s group,” said CB Insights CEO Anand Sanwal.

TruValue Labs continues to gain momentum after its recent Series A $13.6 Million fundraising round in May 2018. TruValue was also just cited in the Harvard Business School study, “Finding Alpha from ESG 2.0 Factors Beyond the U.S.,” showing that significant positive alpha can be unlocked using a combination of TruValue Labs’ Big Data with traditional ESG ratings from investment research company MSCI. The study examines the historical performance of global portfolios constructed with TruValue Labs’ data and validates that investors can use a traditional ESG provider combined with TruValue’s data to generate outperformance.

“We continuously work to drive innovation and growth at our company and are very excited to be named to CB Insights’ Fintech 250 list alongside other forward-facing and impressive organizations,” said Hendrik Bartel, CEO and co-founder of TruValue Labs. “This prestigious ranking reinforces our commitment to offering cutting-edge, AI-powered ESG data to our clients as we constantly seek to evolve and grow our business.”

View the entire CB Insights Fintech 250 list here.

Original Article found here.