Paymerang Makes the 2021 Inc. 5000 List of America’s Fastest Growing Companies
Paymerang Ranks #2373 on the 2021 Inc. 5000 List of America’s Fastest Growing Companies with Three Year Revenue Growth of 178%
Paymerang, a leader in payment automation and invoice automation, announced it has ranked #2373 on the 2021 Inc. 5000 list, ranking it among the fastest growing private companies in America, and 2nd fastest growing software company in Richmond, Va. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Ranks are based on percentage revenue growth from 2017 to 2020.
Previously, Paymerang ranked 2,899 in 2020 with a growth rate of 137% based on percentage revenue growth when comparing 2016 and 2019
“We’re honored to make the Inc. 5000 list for a second consecutive year, moving up 526 spots. We’re grateful to our passionate team members and all our amazing clients and partners that helped us get here,” said Nasser Chanda, CEO, Paymerang. ”Our business is accelerating and we’re making a huge difference in supporting finance teams across America—in healthcare, education, manufacturing, non-profits, public sector, and services—to become more efficient, secure, and profitable. The resiliency of our people in this phase of hyper-growth during a global pandemic has been phenomenal.”
Not only have the companies on the 2021 Inc. 5000 been very competitive within their markets, but this year’s list also proved especially resilient and flexible given 2020’s unprecedented challenges. Among the 5,000, the average median three-year growth rate soared to 543 percent, and median revenue reached $11.1 million. Together, those companies added more than 610,000 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 www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc., which will be available on newsstands on August 20.
“The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,” says Scott Omelianuk, editor-in-chief of Inc. “Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.”
To learn more about Paymerang’s Finance Automation solutions, schedule a demo here.
More about Paymerang, Inc. and the Inc. 5000
Paymerang provides award-winning invoice and payment automation solutions that bring Accounts Payable (AP) departments into the modern age. Paymerang’s solutions save AP departments hundreds of hours annually, enhance visibility, increase accuracy, improve efficiency, and earn rebates while reducing paper, fraud risks, and operating costs. To learn more, visit Paymerang.com
Companies on the 2021 Inc. 5000 are ranked according to percentage revenue growth from 2017 to 2020. To qualify, companies must have been founded and generating revenue by March 31, 2017. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2020. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2017 is $100,000; the minimum for 2020 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 three decimal places. There was one tie on this year’s Inc. 5000. 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 http://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 web sites, 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 Vision Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
For more information on the Inc. 5000 Vision Conference, visit http://conference.inc.com/.