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Cleva was recognized for its achievements in the ‘Banking’ category for its contribution to easing cross-border payments for freelancers, remote workers and businesses in emerging economies (starting with Nigeria).
NEW YORK, October 24, 2024 – CB Insights today named Cleva 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.”
“We’re honored to be recognized by CB Insights as one of the world’s most innovative fintech startups. Our inclusion in the Banking category underscores our ability to bridge cross-border payment gaps and also provide a delightful banking solution for those in emerging economies”, says Tolu Alabi, the CEO and Co-founder of Cleva in reaction to this recognition.
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.
Cleva provides a digital banking platform for freelancers, remote workers and businesses to manage their money in dollars. Backed by Y Combinator and now part of Mastercard’s prestigious Start Path In Solidarity program, Cleva is accelerating fintech innovation.
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.
- $7.1B in equity funding raised over time, including more than $2B in 2024 so far (as of 10/17/2024).
- Nearly 50% are early-stage companies (primarily seed/angel or Series A).
- 51 companies from outside the United States, across 22 countries on 5 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:
CB Insights: media@cbinsights.com
Cleva: contact@getcleva.com
Cleva’s social handles: X (@clevabanking), Instagram (@cleva_banking) and LinkedIn (Cleva YC W24)
About Cleva
Visit getcleva.com to learn more.
