NEW YORK--(BUSINESS WIRE)--Inc. magazine today revealed that Fundation is No. 1398 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
Fundation empowers the small business economy through enabling banks, B2B vendors and other institutions that serve the small and medium sized business (SMB) community. Fundation develops private label loan origination solutions for banks and non-bank lenders, develops embedded credit programs and offers sales enablement software solutions for SMB sized suppliers through its Kinnek subsidiary.
According to Fundation’s CEO Sam Graziano, “As an emerging financial infrastructure company, our growth is a result of positioning our company to take advantage of the continued evolution of the way financial services are delivered. We look forward to bringing a number of new innovations to the market over the next few years and helping our clients serve their SMB customers.”
Not only have the companies on the 2020 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists as well. The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 percent, and a median rate of 165 percent. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for over 1 million 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 also being featured in the September issue of Inc., available on newsstands August 12.
“The companies on this year’s Inc. 5000 come from nearly every realm of business,” says Inc. editor-in-chief Scott Omelianuk. “From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism.”
The annual Inc. 5000 event honoring the companies on the list will be held virtually from October 23 to 27, 2020. As always, speakers will include some of the greatest innovators and business leaders of our generation.
More about Fundation
For nearly a decade, Fundation has developed and continues to advance its proprietary, purpose-built platform to provide significant benefits to its growing ecosystem of banks, B2B merchants, and other institutions to enable their small business customers to access capital through the modern experiences they expect in the digital era. Originally founded as a direct loan originator, Fundation has become the market’s leading platform provider to the U.S. banking system in the small business lending market. Fundation provides private labeled origination solutions to many top 50 banks and can also leverage its own balance sheet to lend in cases where a bank has declined an applicant. Additionally, Fundation develops “embedded credit” programs on behalf of its clients – deeply integrated API enabled solutions allowing third party technology platforms or companies wishing to offer sales finance solutions the ability to offer their small business customers with a seamless lending experience.
More about Inc. and the Inc. 5000
Methodology
The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2019 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
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 websites, 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 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 Conference, visit http://conference.inc.com/.