Chicago, Ill. (PRWEB) August 19, 2016
Payline Data, a Chicago-based financial technology startup delivering payment processing solutions for the app economy, has been named to the annual Inc. 500, a prestigious ranking of the nation’s fastest growing private companies. Inc. Magazine has ranked Payline No. 208 on its 35th annual list, and 15th nationwide on the list of privately held financial services companies, coming in at No. 8 among all companies in the Chicagoland area.
“This is a tremendous honor and a sign of our innovation and growth, as well as the dedication and hard work of our team”, said Jeff Shea, Payline CEO and co-founder. “Payline is built on the foundation of empowering our employees and clients alike to achieve their greatest potential while improving the world through charitable work.”
The 2016 Inc. 500|5000 list is the most competitive in the list’s history. The average company on the list achieved a staggering three-year growth of 433%, aggregate revenue of $200 billion, and generated 640,000 jobs over the past three years, about 8% of all jobs created in the entire economy during that period. Complete results of the Inc. 500 can be found at http://www.inc.com/inc5000.
"The Inc. 5000 list stands out where it really counts,” says Inc. President and Editor-In-Chief Eric Schurenberg. “It honors real achievement by a founder or a team of them. No one makes the Inc. 5000 without building something great – usually from scratch. That’s one of the hardest things to do in business. But without it, free enterprise fails.”
Notably, Payline has remained self-funded and recently turned its back on VC funding, securing $2 million through existing bank and partner relationships. Freedom from trading ownership of the company has allowed Payline to stay true to its vision of using the business as a platform to serve others through charitable giving.
Payline Data improves commerce for businesses by creating industry leading technology and exceptional client experiences to simplify payments. Built on the foundation of empowering our employees and partners alike to achieve their greatest potential, Payline was previously recognized as the “Fastest Growing ISO Payments Company” in 2015 by Vantiv. For more information, visit http://www.paylinedata.com or follow Payline on Twitter @paylinegiving.