With Three-Year Revenue Growth of 258 Percent, Kapitus Ranks No.
2025
NEW YORK ,
Aug. 13,
2024 /PRNewswire-PRWeb/ -- Inc. revealed today
that Kapitus, a leading provider of financing for small and
medium sized businesses, ranks No. 2025 on the 2024 Inc. 5000, its
annual list of the fastest-growing private companies in America.
Kapitus was one of only 114 businesses in the financial services
industry to make this year's list. The prestigious ranking provides
a data-driven look at the most successful companies within the
economy's most dynamic segment—its independent, entrepreneurial
businesses. Microsoft, Meta, Chobani, Under Armour, Timberland,
Oracle, Patagonia, and many other household-name brands gained
their first national exposure as honorees on the Inc. 5000.
It's become increasingly difficult to be a
small business owner, with mounting inflation and reduced access to
capital. We look forward to continuing to expand our reach to help
small businesses obtain the capital they need to grow.
"Securing a place on the 2024 Inc. 5000, among other innovate
companies shaping the business world, is a significant milestone
for the Kapitus team," said Andrew
Reiser, Chief Executive Officer of Kapitus. "We've seen
exponential growth over the past three years, reinforcing the
growing need for alternative funding options for small businesses.
It's become increasingly difficult to be a small business owner,
with mounting inflation and reduced access to capital. We look
forward to continuing to expand our reach to help small businesses
obtain the capital they need to grow."
Kapitus is a trusted and reliable source of financing for the
small business community. As both a direct lender and a marketplace
with an expansive network of financing partners offering a variety
of products, Kapitus has provided over $6
billion in growth capital to almost 55,000 small businesses.
The company has seen expansive growth over the past three years,
including revenue growth of 258 percent. The company has also added
offices in Los Angeles, CA and
Chennai, India and increased its
team to over 360 members.
The Inc. 5000 class of 2024 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 is 1,637 percent. In all, this
year's Inc. 5000 companies have added 874,458 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.
All 5000 companies are featured on Inc.com starting Tuesday, August 13, and the top 500 appear in the
new issue of Inc. magazine, available on newsstands beginning
Tuesday, August 20.
"One of the greatest joys of my job is going through the Inc.
5000 list," says Mike Hofman, who
recently joined Inc. as editor-in-chief. "To see all of the
intriguing and surprising ways that companies are transforming
sectors, from health care and AI to apparel and pet food, is
fascinating for me as a journalist and storyteller. Congratulations
to this year's honorees, as well, for growing their businesses fast
despite the economic disruption we all faced over the past three
years, from supply chain woes to inflation to changes in the
workforce."
Methodology
Companies on the 2024 Inc. 5000 are ranked according to
percentage revenue growth from 2020 to 2023. To qualify, companies
must have been founded and generating revenue by March 31, 2020. They must be U.S.-based,
privately held, for-profit, and independent—not subsidiaries or
divisions of other companies—as of December
31, 2023. (Since then, some on the list may have gone public
or been acquired.) The minimum revenue required for 2020 is
$100,000; the minimum for 2023 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 achieves a monthly brand
footprint of more than 40 million across a variety of channels,
including events, print, digital, video, podcasts, newsletters, and
social media. Its proprietary Inc. 5000 list, produced every year
since its launch as the Inc. 100 in 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.
For more information on the Inc. 5000 Conference & Gala, to
be held from October 16 to 18 in
Palm Desert, California, please
visit http://conference.inc.com/.
About Kapitus
Founded in 2006, Kapitus is one of the most experienced and
trusted names in small business financing. As both a direct lender
and a marketplace with an expansive network of financing partners
offering a variety of products, Kapitus has provided over
$6 billion in growth capital to
almost 55,000 small businesses. Kapitus, either directly or through
trusted partners, offers products tailored to the need of every
small business including term loans, sales-based financing, SBA
loans, equipment leases, and revolving lines of credit. For
additional information about the company, visit:
https://kapitus.com/
Media Contact
Jackie Quintana, Pitch PR, 1
480-606-8180, Jackie@PitchPublicRelations.com
View original content to download
multimedia:https://www.prweb.com/releases/kapitus-secures-position-among-americas-fastest-growing-private-companies-on-the-2024-inc-5000-302219285.html
SOURCE Kapitus