Fintech: Southeast News

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Posted October 15, 2021

 

NASHVILLE, Tenn., Oct. 6, 2021 /PRNewswire/ -- CB Insights today named Alto Solutions, Inc. (Alto) to the fourth annual Fintech 250, a prestigious list of emerging private companies working on groundbreaking financial technology. This year's list was unveiled on stage at CB Insights' Future of Fintech conference in New York City.

"This is the fourth class of the Fintech 250, and it's also the most international, representing 26 countries. These 250 fintech startups are attacking an incredibly diverse array of financial services opportunities across 19 sectors, including digital banking, insurance, payroll, retail investing, and more," said CB Insights CEO Anand Sanwal. "After being named to the CB Insights Fintech 250 last year, the 2020 class saw 17 companies go public and 25 get acquired. They also went on to raise over $25B in additional financing and forged more than 380 new partnerships after being recognized. The Fintech 250 has a history of spotlighting the very best fintech companies, and this year is no different. We're excited to see how these fintech startups disrupt and transform financial services in the years ahead."

"Alto's mission is to provide all individuals the tools and resources they need to invest in alternative assets and secure the financial future they want," said Eric Satz, founder and CEO of Alto. "In short, we want to revolutionize the alternative investing industry to open the gates to real wealth creation for all. We have seen incredible platform growth over the past year, and receiving the honor of being named to the 2021 CB Insights Fintech 250 further validates the important work that we're doing each day to level the playing field for all investors."

{mprestriction ids="1,4,9"}Through an evidence-based approach, the CB Insights Intelligence Unit selected the Fintech 250 from a pool of over 17,000 companies, including applicants and nominees. They were chosen based on several factors, including data submitted by the companies; company business models and momentum in the market; and Mosaic scores, which is CB Insights' proprietary algorithm that measures the overall health and growth potential of private companies.

Alto is the next-generation self-directed IRA platform that makes it easy to invest in alternative assets using retirement funds. The first of its kind, Alto's platform streamlines the process for investors, investment funding portals, and investment sponsors alike. Offering both Alto IRA and Alto CryptoIRA®, investors have a variety of alternative assets to choose from, including real estate, startup companies, and cryptocurrency. Alto has experienced significant company growth within the past year, including the recent successful close of a $17 million Series A funding round led by Unusual Ventures.

 

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