Three-year growth rate of 186% lands FinTech leader on prestigious list for third consecutive year.
RICHMOND, Va., Aug. 22, 2022 /PRNewswire-PRWeb/ -- Paymerang, a best-in-class Invoice and Payment Automation provider, announced it has ranked no. 2918 on this year's Inc. 5000 list, the most prestigious ranking of the nation's fasting growing private companies. The list represents a unique look at the most successful companies within the American economy's most dynamic segment – its independent businesses. Ranks are based on percentage revenue growth from 2018 to 2021. This achievement also marks Paymerang (https://www.paymerang.com/) as the fastest-growing software company in Richmond, Va.
Paymerang's ranking on the 2022 Inc. 5000 list was based on a three-year growth rate of 186%. Previously, Paymerang ranked no. 2373 in 2021 with a growth rate of 178% based on percentage revenue growth when comparing 2017 and 2020. In 2020, Paymerang also made the list of Inc. Magazine's Top 5000 Fastest-Growing Companies in the U.S., ranking no. 2899 with a growth rate of 137%.
"We are thrilled to be named to the prestigious Inc. 5000 list for the third consecutive year," said Nasser Chanda, Paymerang CEO. "Without our devoted team members and wonderful clients and partners, this feat would not be possible. Paymerang is growing exponentially and transforming finance departments nationwide by helping them become more efficient, secure, and profitable in a rapidly changing economy."
The companies on the 2022 Inc. 5000 have not only been successful, but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19. Among the top 500, the average median three-year revenue growth rate soared to 2,144 percent. Together, those companies added more than 68,394 jobs over the past three years.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at https://www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine, which will be available on August 23.
"The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated," says Scott Omelianuk, editor-in-chief of Inc. "Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today."
To learn more about Paymerang's innovative Invoice (https://www.paymerang.com/products/invoice-automation/) and Payment (https://www.paymerang.com/products/payment-automation/) Automation solutions, schedule a demo at https://www.paymerang.com/#schedule-demo.
About Paymerang
Paymerang provides a streamlined invoice and payment automation platform that brings Accounts Payable (AP) departments into the modern age. Paymerang's platform saves AP departments thousands of hours annually, enhances visibility, increases accuracy, improves efficiency, and earns rebates while reducing paper, fraud risks, and operating costs. Learn more at https://www.paymerang.com/.
More about Inc. and the Inc. 5000
Methodology
The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2019 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at https://www.inc.com/inc5000.
About Inc. Media
The world's most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit https://www.inc.com/.
For more information on the Inc. 5000 Conference, visit http://conference.inc.com/.
Media Contact
Megan Yardis, Paymerang, 1 804-301-1249, [email protected]
SOURCE Paymerang
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