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El Segundo, CA, August 16, 2022 – Inc. magazine today revealed that Fundomate has made it on its annual Inc. 5000 list, the most prestigious ranking of the nation's fastest-growing private companies, for a second time. The embedded finance disruptor was previously honored as an Inc. 5000 company in 2020 The list represents a unique look at the most successful companies within the American economy's most dynamic segment—its independent small 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're honored to be selected as one of the fastest growing companies in America alongside other companies that are blazing a trail of their own,'' remarked Sam Schapiro, Founder and CEO of Fundomate. “Being on the Inc. 5000 list is special in any year, this year is extra special because it shows that we have the right people, product and strategy in place to continue growing despite the health crisis and economic challenges we’re all facing.”
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.
“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.
Nir Bareket, CTO of Fundomate, says, “it’s extremely rewarding to know that we’ll continue to help small businesses across the country grow to tell their own success story. We’re confident that the upcoming release of our Real-time Financing product will be a game changer for not only us, but for the thousands of small business and enterprise partners we serve.”
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 ofInc.magazine, which will be available on August 23rd.
More about Inc. and the Inc. 5000
Companies on the 2022 Inc. 5000 are ranked according to percentage revenue growth from 2018 to 2021. To qualify, companies must have been founded and generating revenue by March 31, 2018. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2021. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2018 is $100,000; the minimum for 2021 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. 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.
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