FuturePay Releases Explosive YoY Growth Numbers at End of Second Quarter

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Q2 revenue growth outpaced all of 2015 for the alternative financing solution company

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FuturePay, an online payment option and alternative financing solution that allows shoppers to buy now and pay later, released today a series of impressive year-over-year growth statistics for Q2. Highlighting the announcement: Q2 revenue growth outpaced Q1 growth, which in turn had already equaled the entire calendar year of 2015.

FuturePay, which launched in the summer of 2013 and was co-founded by current CEO Bobbi Leach, is experiencing impressive momentum in numerous areas, including revenue, partnerships and employee count:

● YoY revenue = Up 1,400 percent
● 2016 Q1 to Q2 revenue = Up 275 percent
● YoY retailer acquisition (retailers live with FuturePay) = Up 270 percent
● YoY order volume = Up 293 percent
● YoY active shopper acquisition = Up 325 percent
● YoY employee count = Up 36 percent

“2016 has already proved to be an amazing and fast-paced year so far,” said Leach. “These milestones are further evidence that FuturePay is doing what it’s meant to do, which is to modernize the omnichannel shopping experience. Our growth is a real testament to the fantastic people I work with every day.”

This announcement comes on the heels of other significant events for the Salt Lake City-based fintech company.

The 2016 Golden Bridge Awards recently honored FuturePay as the Gold Winner for Startup of the Year and Leach as the Gold Winner for Executive of the Year, a testament to her ability to lead the company from its humble beginnings. Earlier this year, FuturePay was named Best Credit Innovation at the 2016 Innovator Awards.

In addition, FuturePay expanded its executive team in July, naming Carrieann Borges to the position of vice president of compliance. Borges brings to FuturePay extensive experience in compliance and finance. She comes to FuturePay from Comenity Bank, where she most recently served as senior compliance manager for their partner programs.

On the partnership front, FuturePay shows no signs of slowing down, either. This year has already seen successful integrations with e-commerce platforms SAP Hybris, Shopify and Magento 2.0, with more exciting headlines on the way in Q4.

To stay up-to-date on company news and thought leadership, visit the FuturePay blog.

About FuturePay:
FuturePay is the simplest way for merchants to offer instant credit to their customers at point of purchase. With FuturePay, customers can buy now and pay later with one click, creating a streamlined checkout process on every device. With guaranteed payments and an easy integration, retailers can start attracting new customers instantly. To learn more about how FuturePay can benefit your business, visit http://www.futurepay.com. Follow us on Twitter @FuturePay.

Media Contact:
Courtney Gringras
888-317-9221, Ext. 2

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John Everette
Walker Sands Communications
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