Micruity Named to the 2024 CB Insights’ List of the 100 Most Innovative Fintech Startups
NEW YORK–(BUSINESS WIRE)–CB Insights today named Micruity, Inc. 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 incredibly honored to be recognized by CB Insights as a Fintech 100 company,” said Trevor Gary, CEO and Co-founder of Micruity. “This is a testament to our mission to simplify the complexities of retirement income and empower individuals to achieve financial security in their later years. By building the critical data infrastructure for the pensions of the future, Micruity is breaking down barriers and fostering a truly connected ecosystem. We’re proud to be at the forefront of this transformation, collaborating with leading providers and driving innovation that benefits both the industry and, most importantly, the individuals planning for their retirement.”
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.
Micruity was founded on the vision that the retirement income ecosystem was lacking modern technology solutions. The retirement income space is at a pivotal moment, a rare alignment of opportunity, technology, and massive public need to help retirees ensure their retirement savings last.
Micruity isn’t just keeping pace with this evolution – they’re powering it. Micruity’s technology-first approach and scalable solutions are designed to empower its partners to navigate this dynamic market with confidence. By enabling the connectivity of multiple stakeholders and building the end-to-end participant experience for retirement income products, both guaranteed and non-guaranteed, millions of Americans can save – and retire – with confidence.
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.
About Micruity
Micruity is a financial technology infrastructure company building the data rails for the pension plan of the future. The Micruity Advanced Routing System (MARS™) facilitates frictionless data sharing between Life Insurers, Asset Managers, and Recordkeepers through a single point of service that significantly lowers the administrative burden for plan sponsors and enables them to turn retirement savings plans into retirement income plans at scale.
To learn more about how Micruity is transforming retirement income visit www.micruity.com.
Contacts
Kim Rosenberg
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914-382-9475
