FinMkt announced it was again named on the Inc. 5000 list of Fastest-Growing Private Companies in America. FinMkt came in on Inc. 5000 2024's list at 602, a notable gain from 2023's ranking of 815. FinMkt credits increased SaaS clients, new strategic partnerships and expanding product suite for its year-over-year growth.
NEW YORK, Aug. 15, 2024 /PRNewswire-PRWeb/ -- FinMkt announced it was again named on the Inc. 5000 list of Fastest-Growing Private Companies in America. FinMkt came in on Inc. 5000 2024's list at 602, a notable gain from 2023's ranking of 815. FinMkt credits increased SaaS clients, new strategic partnerships and expanding product suite for its year-over-year growth.
Inc.'s famed 5000 list requires companies to be U.S.-based, privately held, for-profit, and have a minimum revenue of $2 million. Companies are also required to be independent. Subsidiaries or divisions of other companies are excluded. Many household brand names have appeared on the Inc. 5000 list since its inception including Facebook, Microsoft, Intuit, Patagonia, Under Armour, and Zappos.
"There is a big demand among home improvement and healthcare companies to develop unique consumer multi-lender financing and payment options designed specifically for their sales process. FinMkt meets this demand by developing customized, unique solutions for each client with speed to market and continued innovation in mind. By working collaboratively and focusing on each client's unique needs we've been able to grow exponentially," says Luan Cox, co-founder and CEO of FinMkt.
Srikanth Goteti, FinMkt's co-founder and CTO says, "By leveraging our powerful, patented technology and our highly experienced team, we are empowering large enterprises to control their own destiny making FinMkt a key player in the home improvement point of sale financing industry."
The Inc. 5000 class of 2024 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year's top 500 companies, the average median three-year revenue growth rate is 1,637 percent. In all, this year's Inc. 5000 companies have added 874,458 jobs to the economy over the past three years.
For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000. All 5000 companies are featured on Inc.com starting Tuesday, August 13, and the top 500 appear in the new issue of Inc. magazine, available on newsstands beginning Tuesday, August 20.
"One of the greatest joys of my job is going through the Inc. 5000 list," says Mike Hofman, who recently joined Inc. as editor-in-chief. "To see all of the intriguing and surprising ways that companies are transforming sectors, from health care and AI to apparel and pet food, is fascinating for me as a journalist and storyteller. Congratulations to this year's honorees, as well, for growing their businesses fast despite the economic disruption we all faced over the past three years, from supply chain woes to inflation to changes in the workforce."
About FinMkt, Inc.
FinMkt is defining the future of embedded digital lending and payments technology with its patented and award-winning fully customizable multi-lender point of sale financing and consumer lending platform. FinMkt empowers banks, credit unions, alternative lenders, OEMs and merchants with cutting edge SaaS to provide innovative real time consumer financing, lending, and payment solutions. Optimized for home improvement, healthcare and retail, FinMkt's versatile technology offers speed to market solutions in the most desired verticals. For more information, visit www.finmkt.io.
More about Inc. and the Inc. 5000
Methodology
Companies on the 2024 Inc. 5000 are ranked according to percentage revenue growth from 2020 to 2023. To qualify, companies must have been founded and generating revenue by March 31, 2020. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2023. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2020 is $100,000; the minimum for 2023 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.
About Inc.
Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.'s award-winning work achieves a monthly brand footprint of more than 40 million across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since its launch as the Inc. 100 in 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.
Media Contact
Jolynn Swafford, FinMkt, Inc., 1 917-979-6259, [email protected], www.finmkt.io
SOURCE FinMkt, Inc.
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