Celebrating Success: Fairmatic recognized in CB Insights’ 2023 Fintech100 List

Only a year after coming out of stealth, Fairmatic has been named to the CB Insights' sought-after Fintech100 list for its meaningful achievements in introducing a first-of-its-kind commercial auto insurance option rewarding safety with savings. Out of all 19,000 global companies vetted, Fairmatic is the sole commercial auto insurtech to make this year's list.

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Earlier this year, Fairmatic also earned a coveted spot in The Insurtech50, CB Insights' annual list of the 50 most promising private insurtech companies in the world, joining an esteemed group of private businesses doing everything from competing with legacy insurers by building tech-first insurance platforms to developing new AI tools, and infrastructure for insurers to digitize and improve back-office efforts.

Utilizing the CB Insights platform, the research team selected 100 winners from over 19,000 private companies, including applicants and nominees - further adding to its significance and testament to our proven track record and future potential to help transform the industry far into the future.

In the hyper-competitive fintech landscape, estimated to grow to nearly $1 trillion by 2030, Fairmatic is honored to be recognized as one of the most promising fintech companies and is proud to continue building a unique auto insurance solution for fleets.   

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“Fairmatic is forging the path for a new type of smarter commercial auto insurance – one that prioritizes safety, savings, and profitability. Being named to CB Insights’ Fintech100 list only a year following our coming out of stealth is a testament to the meaningful strides our team, partners, and customers have collectively made. We’re excited and grateful for the recognition and proud to continue building an insurance offering that was not historically possible.”

– Jonathan Matus, Founder & CEO at Fairmatic.

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Providing fleets with brand new capabilities

Fairmatic leverages AI-powered technology, telematics data, and an underwriting model tested with over 200 billion miles of driving data to help fleets proactively manage safety issues with actionable insights that drive meaningful cost savings by encouraging and incentivizing safer driving habits.

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Historically, responsible fleets subsidize risky ones - one reason commercial auto insurance costs keep rising. For the first time, Fairmatic is empowering fleets with control over their safety and insurance costs, ultimately helping them to protect their bottomline and achieve better business outcomes.

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Learn more about the experiences of our partners and insureds, and discover how Fairmatic helps fleet businesses save money on auto insurance.

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