Cedar recognized for the second year in a row for achievements in reducing friction and increasing transparency in the healthcare financial experience
Utilizing the CB Insights platform, the research team selected these 250 winners from a pool of over 12,500 private companies, including applicants and nominees. They were chosen based on factors including R&D activity, proprietary Mosaic scores, market potential, business relationships, investor profile, news sentiment analysis, competitive landscape, team strength, and tech novelty. The research team also reviewed over 2,000 of Analyst Briefings submitted by applicants
“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.”
Cedar is on a mission to empower individuals to easily and affordably pursue the care they need, helping to transform the healthcare billing experience through the power of fintech innovation. Following the launch of Cedar Pre, an enterprise solution delivering a seamless and comprehensive experience to consumers preparing for care, earlier this year, Cedar can now provide a true end-to-end healthcare experience for consumers, eliminating the systemic friction, confusion and frustration impacting healthcare today.
“Navigating our fragmented healthcare system is a frustrating experience for consumers, as well as for providers and payers,” said Florian Otto, CEO and co-founder of Cedar. “At Cedar, we’re driven by a passion to improve the healthcare financial experience through consumer-friendly technology, and we are thrilled to receive recognition from CB Insights on the Fintech 250 for the second year in a row as we continue to improve outcomes for consumers and our clients.”
Quick facts on the 2022 Fintech 250:
- Equity funding and deals: The Fintech 250 cohort has raised over $115B in equity funding across over 1,100 deals since the start of 2017 (as of 9/20/2022). In 2021 alone, winners raised over $51B across 337 equity deals.
- Unicorns: There are 159 companies with $1B+ valuations on the list.
- Global Reach: Globalization is a key theme for this year’s Fintech 250. The winners represent 33 different countries across the globe – 7 more than last year. Just over half (53%) of the selected companies are headquartered in the US, which is the fewest we’ve seen in the Fintech 250 since 2017. The UK came in second with 31 winners (12%), followed by India with 14 (6%), Brazil with 9 (4%), and Germany with 7 (3%).
About CB Insights
CB Insights builds software that enables the world’s best companies to discover, understand, and make technology decisions with confidence. By marrying data, expert insights, and work management tools, clients manage their end-to-end technology decision-making process on CB Insights. To learn more, please visit www.cbinsights.com.
Cedar is committed to improving the healthcare billing experience for all. With an innovative platform that connects providers and payers, Cedar empowers healthcare consumers with a personalized journey—all powered by data science and interactive design. For Cedar clients, this leads to improved financial outcomes, more efficient operations and greater consumer loyalty. To learn more about why leading U.S. healthcare organizations trust Cedar to manage the end-to-end consumer experience from pre-registration to post-visit billing, visit www.cedar.com and join us on LinkedIn, Twitter, Facebook and YouTube.
PR & Communications Manager