NEW YORK, Aug. 17, 2016 /PRNewswire/ -- Inc. magazine today ranked WePay number 221 on its 35th annual Inc. 500, the most prestigious ranking of the nation's fastest growing private companies. The 2016 Inc. 500 is a prestigious list of the nation's most successful private companies and has become the hallmark of entrepreneurial success. This is the second year running that WePay appears on the list, which makes the achievement even more significant, as rapid growth at scale becomes increasingly challenging. In making the list, WePay is part of an elite group of past high-growth winners including industry luminaries Microsoft, Zillow, LinkedIn and Pandora.
"Appearing on the Inc. 500 list for the second year is very meaningful to WePay," said WePay CEO Bill Clerico. "Our continued growth is due to our focus on a great partner experience. This honor validates all the hard work our team puts in every day to make WePay the best partner in payments that we can be."
The 2016 Inc. 5000 is online at Inc.com and the top 500 companies are featured in the September issue of Inc. (available on newsstands August 23). The companies included this year comprise the most competitive crop in the list's history. The average company on the list achieved a mind-boggling three-year growth of 433%. WePay grew by 1,795% for the same period.
"The Inc. 5000 list stands out where it really counts," says Inc. President and Editor-In-Chief Eric Schurenberg. "It honors real achievement by a founder or a team of them. No one makes the Inc. 5000 without building something great – usually from scratch. That's one of the hardest things to do in business, as every company founder knows. But without it, free enterprise fails."
WePay continues to expand its capabilities and services and grow at rapid pace. Earlier this year, WePay announced the first-ever fully white label mobile POS system, which provides platforms the ability to offer their own branded credit card reader without needing to take on any of the overhead of building, maintaining and fulfilling hardware. In addition, WePay recently expanded its international operations into the UK.
The annual Inc. 5000 event honoring all the companies on the list will be held from October 18 through 20, in San Antonio, TX. 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.
WePay is the payments partner to the platform economy. It processes billions annually for platforms including GoFundMe, Meetup, FreshBooks, and Constant Contact. WePay protects partners from risk and regulatory exposure while supporting seamless payments experiences for their end users. The company was named to the Inc. 500 list in 2016 as 221st fastest-growing private company in the U.S. For more information, visit www.wepay.com. Follow WePay on Twitter @WePay #DoYouPlatform
About Inc. and the Inc. 500|5000 Methodology
The 2016 Inc. 5000 is ranked according to percentage revenue growth when comparing 2012 to 2015. To qualify, companies must have been founded and generating revenue by March 31, 2012. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2015. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2012 is $100,000; the minimum for 2015 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 http://www.inc.com/inc5000.
About Inc. Media:
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Winner of the National Magazine Award for General Excellence in both 2014 and 2012. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 15,000,000 today. For more information, visit www.inc.com.
The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list of the nation's most successful private companies has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates their remarkable achievements. The event also offers informative workshops, celebrated keynote speakers, and evening functions.
For more information on Inc. and the Inc. 5000 Conference, visit http://conference.inc.com/.