Like many of you who subscribe to the WSJ, we received the big promo email today touting Wall Street Journal’s Top 25 Tech Companies for 2017. According to the story, “A data analysis assessed their founders’ experience, investor track record, amount of investments raised, growth of workforce and buzz about the company. These five factors were given an equal weighting to calculate a maximum score of 100.” Okay fine.
So, the 25 included firms in e-commerce, consumer gadgets, cybersecurity, healthcare, B2B, social media and fintech. Here’s how it broke down by category, with just three fintechs? Anyway, we do cover cybersecurity, because it often touches on financial technology, but here’s the three financial technology firms they selected: the personal loan website Earnest, Inc. (#17), the new high profile insurtech Lemonade (#10) and Acorns Grow, Inc. (#22), founded by a father-son team. Check out the overviews from the Wall Street Journal review below and see if you agree with their choices…..we’re not sure we do, though we do give a two thumbs up to Lemonade and Acorns.
“#10 Lemonade Inc.
Sells renters’ and homeowners’ insurance and pays claims through an app and website, rather than brokers. Money left over after paying claims and covering costs goes to charities.
#17 Earnest Inc.
Makes personal loans for things such as home improvements or vacations, and refinances student loans. Uses data on things such as savings habits and education to help evaluate applications.
Created an app that allows users to deposit small amounts that are automatically invested in exchange-traded funds. Often, users round up purchases to the nearest dollar and invest the difference.
Source: WSJ.com (requires subscription)