FundGuard Named to the 2024 CB Insights’ List of the 100 Most Innovative Fintech Startups

FundGuard recognized for achievements in delivering transformative, cloud-native, ai-powered investment accounting software to the global asset management ecosystem.

NEW YORK, October 24, 2024 – CB Insights today named FundGuard to its seventh annual Fintech 100, showcasing the 100 most promising private fintech companies in the world.

“The 2024 Fintech 100 winners are high-momentum companies shaping the future of financial services,” said Laura Kennedy, Principal Analyst at CB Insights. “Unsurprisingly, this year’s cohort is deploying AI across a wide variety of solutions. But they’re also diverse in their reach in emerging and developing economies, and focus on everything from fraud prevention to financial inclusion.”

“This recognition highlights our commitment to leveraging cutting-edge technology to drive transformation in the asset servicing industry,” said Lior Yogev, CEO and Co-Founder, FundGuard. At FundGuard, we are proud of our team’s dedication to building the best possible investment accounting software, and we wish to thank the CB Insights analyst team for naming us among this year’s prestigious list.” 

The list primarily includes early- and mid-stage startups driving innovation across fintech. Our research team picked winning companies based on CB Insights datasets, including deal activity, industry partnerships, team strength, investor strength, employee headcount, and proprietary Commercial Maturity and Mosaic scores. We also dug into Analyst Briefings submitted directly to us by startups.

Born in the cloud, FundGuard’s dynamic, real-time, multi-asset class investment accounting platform for ABOR, IBOR and NAV Contingency is enabling asset managers and their service providers to achieve unparalleled scale, significantly reduced costs of ownership and the ability to bring new and innovative investment products, including digital assets, quickly to market.

Quick facts on the 2024 Fintech 100:

• The 100 winners include 13 wealth management companies, 11 in embedded finance, and 10 in insurance.
• The 2024 cohort is deploying AI across a wide variety of use cases and features a notable number of solutions driving financial inclusion and accessibility.
• $7.2B in equity funding raised over time, including more than $2B in 2024 so far (as of 10/23/2024).
• Nearly 50% are early-stage companies (primarily seed/angel or Series A).
• 52 companies from outside the United States, across 23 countries on 6 continents. This includes 17 companies from 11 emerging and developing economies.
• 850+ business relationships since 2022, including with industry leaders like Mastercard, State Street, and Flipkart.

About CB Insights

CB Insights is an AI super analyst for market intelligence. It delivers instant insights that help you bet on the right markets, track competitors, and source the right companies. Our AI super analyst is powerful because it is built on the validated database of companies and markets that CB Insights is famous for. To learn more, please visit www.cbinsights.com.

Contact:

Media@cbinsights.com

About FundGuard

FundGuard is the cloud-native, AI-powered, multi-book investment accounting platform for asset management and administration. FundGuard helps asset managers and their service providers to manage mutual funds, ETFs, hedge funds, insurance products, and pension funds, supporting digital transformation, operations automation, AI-based insights, resiliency, and migration to the cloud. FundGuard is backed by strategic partners including Citi and State Street, and investment firms Blumberg Capital, Key1 Capital, LionBird Ventures, and Team8 among others. Please visit www.fundguard.com.

Contact:
erika.alter@fundguard.com, +1 718 514 5783