Skip to main content

Market Overview

Fintech Startups Are 'Honored' To Make CNBC's Disruptor 50 List

Share:
Fintech Startups Are 'Honored' To Make CNBC's Disruptor 50 List

Last month, CNBC revealed its third annual list of the 50 most disruptive private companies.

The list includes a cornucopia of diverse industries, including healthcare, energy, aerospace and fintech. Moderna Therapeutics, which hopes to pioneer a new class of drugs made of messenger RNA, ranked No. 1 this year.

Dropbox, which has been rumored to go public for more than a year, was among the top companies highlighted by CNBC. Quirky (a crowdsourcing site for inventors), Pinterest and Square (the mobile payment solution from Twitter Inc (NYSE: TWTR) co-founder Jack Dorsey) were also featured.

"We are very honored to be a part of the CNBC Disruptor 50 list for the past two years," Jon Stein, CEO of Betterment, told Benzinga. "It's exciting to be included with so many other great companies."

Stein launched Betterment, which aims to provide individuals with a better way to invest, after spending several years consulting for major Wall Street institutions.

"We're proud of what we've been able to accomplish over five years, but we're even more excited about where we're going," Stein added. "It's still the beginning of our vision."

Related Link: ValueStream Labs Has A Plan To Accelerate The Fintech Industry

'Incredible Honor'

Stuart Frankel, co-founder and CEO of Narrative Science, was excited to hear that CNBC had acknowledged his firm.

"Being named a CNBC Disruptor is an incredible honor and a great acknowledgment that our Advanced Natural Language Generation Platform, Quill, is meeting the demand for enterprise technologies that automate the process for turning huge amounts of data into actionable information," Frankel told Benzinga. "We're thrilled to be included in this list of great companies that are upending the way the world does business."

Just Plain 'Thrilled'

Personal Capital CEO Bill Harris told Benzinga that he is "thrilled that Personal Capital has been recognized for the second year in a row by CNBC as a financial innovator."

"We plan to continue using technology to democratize financial planning by providing lower cost yet personalized investment planning for families who need a complete solution to manage and grow their net worth," Harris told Benzinga. Personal Capital offers free financial software that allows users to see all of their financial accounts in one place.

The company has already launched an app for the Apple Watch. Several other fintech companies -- including Motif Investing, another startup featured in CNBC's Disruptor list -- have also pledged their support for Apple's first smartwatch. Betterment added Apple Watch functionality to its app earlier this year.

Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this report.

 

Related Articles (TWTR)

View Comments and Join the Discussion!

Posted-In: Betterment CNBC Motif Investing Personal CapitalSuccess Stories Startups Exclusives Tech Best of Benzinga