We’re thrilled to announce that CB Insights has named Prove to its 2022 Fintech 250 List of the 250 most innovative fintech companies in the world. Prove was recognized in the fraud prevention and compliance category, and proudly adds this award to its list of accolades, which includes The Financial Times’ Americas’ Fastest Growing Technology Companies (3-time winner), the Deloitte Fast 500 list of fastest growing tech companies (5-time winner), Expert Insights’ Best Multi-Factor Authentication and Best Biometric Solution Awards, G2 Category Leader in Identity Verification and Multi-Factor Authentication, the Inc. 5000 list of the fastest growing private companies, and Comparably’s Best Companies for Leadership and Best Companies for Career Growth 2022, amongst others. Prove CEO Rodger Desai was also recognized this year on Amplitude’s 50 most innovative product leaders list.
“This year’s Fintech 250 winners are shaping the future of financial services, from payments and banking to investing and insurance,” said Brian Lee, SVP of CB Insights’ Intelligence Unit. “Representing more than 30 countries, these companies are creating safer and more efficient payment methods, and transforming how traditional banking, insurance and investing products are delivered. Together, they not only make financial services more convenient for users, but also make them available to more people, especially traditionally underserved populations around the globe.”
Prove’s solutions are used by more than 1,000 businesses globally across diversified industries, including 8 of the top 10 banks, 3 of the top 5 retailers, 2 of the top 3 cryptocurrency exchanges, 2 of the top 3 healthcare companies, and 6 of the top 10 insurance companies in the U.S. Companies that use Prove report an increase in customer acquisition due to reduced friction, decreases in fraud rates, and significant cost savings due to lower operating expenses and reduced fraud losses.
The CB Insights research team selected their 250 winners from a pool of over 12,500 eligible private companies, including applicants and nominees based on factors such as proprietary Mosaic scores, funding, market potential, business relationships, investor profile, news sentiment analysis, competitive landscape, team strength, and tech novelty.
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