Chantilly, VA | August 2024 –Inc. revealed that PayTech Trust (PTT) is on the annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list represents a one-of-a-kind look at the most successful companies within the economy’s most dynamic segment—its independent businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
“We are honored to receive this recognition. Our growth is a testament to our team’s commitment to providing a truly exceptional client experience and our client’s trust in PayTech Trust,” said Matt Clyne, PayTech Trust’s CEO. “By creating additional leadership positions and adding new ROI-focused client services, we’ve seen a direct impact on our growth. We’re excited for what the future holds.”
The Inc. 5000 class of 2023 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 ticked up to an astonishing 2,238 percent. In all, this year’s Inc. 5000 companies have added 1,187,266 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. The top 500 companies are featured in the September issue of Inc. magazine, available on newsstands beginning Tuesday, August 23.
“Running a business has only gotten harder since the end of the pandemic,” says Inc. editor-in-chief Scott Omelianuk. “To make the Inc. 5000—with the fast growth it requires—is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future.”
“Making it onto the Inc. 5000 list is a resounding affirmation of the dedication we’ve poured into our incredible team, valued clients, and dynamic partnerships,” expressed Matt Clyne, CEO of PayTech Trust. “Our journey to success has been powered by the unwavering support of every employee, client, and partner who shared our vision. The trust bestowed upon PayTech Trust by numerous companies is a source of deep gratitude. As we stand at this milestone, we’re eagerly anticipating the ongoing momentum of achievement.”
PayTech Trust is a leading provider of secure payment processing solutions, offering a comprehensive suite of services to businesses of all sizes. PTT securely transacts billions of online payments every year, delivering cost-efficient, dependable, and safe solutions for our merchants’ customers and partners that make payment processing easy. PTT payment and payroll professionals pride themselves on crafting unique, customized solutions for our merchants and partners. To be a part of PTT’s growth, please visit PayTechTrust.com
More about Inc. and the Inc. 5000
Methodology
Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 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 reaches more than 50 million people across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since 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.
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