AffiniPay Named to Inc. Magazines List of America’s Fastest-Growing Private Companies for the Second Consecutive Year
AffiniPay Ranks No. 1328 on the 2013 Inc. 500/5000 with Three-Year Sales Growth of 304%.
Austin, TX- August 22, 2013 – AffiniPay, the premier payment provider for associations and the legal industry, was ranked No.1328 on Inc. magazine’s seventh annual Inc. 500|5000, an exclusive ranking of the nation’s fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs. Fuhu tops this year’s list. AffiniPay joins LivingSocial, Edible Arrangements, CDW and Lifelock, among other prominent brands featured on this year’s list.
“Not all the companies in the Inc. 500 | 5000 are in glamorous industries, but in their fields they are as famous as household name companies simply by virtue of being great at what they do. They are the hidden champions of job growth and innovation, the real muscle of the American economy,” says Inc. Editor Eric Schurenberg.
In a stagnant economic environment, median growth rate of 2013 Inc. 500|5000 companies is an impressive 142 percent. The companies on this year’s list report having created over 520,000 jobs in the past three years, and aggregate revenue among the honorees reached $241 billion.
AffiniPay has increased revenue from $1.6 million in 2009 to $6.7 million in 2012, a growth rate of 304%. This is the second year AffiniPay has been recognized for its impressive growth, ranked No. 980 by Inc. 500|5000 in 2012. The company was also ranked No. 83 in the Top 100 Financial Services Companies and No. 29 in the Austin Metro Area.
“We are extremely honored and proud to be recognized two years in a row for our continued growth,” says AffiniPay CEO Amy Porter.
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/5000.
AffiniPay is a full-service merchant account and online payment gateway provider. Founded in 2005 and based in Austin, TX, the company was created in response to demand from local, state and national organizations to work with a payment processor that understands the unique needs of association payment processes. AffiniPay’s unique LawPay program is the premier payment provider for the legal industry designed to meet IOLTA guidelines and the American Bar Association professional code of conduct. LawPay is exclusively recommended and endorsed by 50 local and metro bar associations, 39 state bars, and the American Bar Association. For more information, please visit https://www.affinipay.com/ or follow us on Twitter at https://twitter.com/AffiniPay.
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. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today. For more information, visit www.inc.com.
About the Inc. 500|5000 Methodology
The 2013 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2009 to 2012. To qualify, companies must have been founded and generating revenue by March 31, 2009. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2012. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2009 is $100,000; the minimum for 2012 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 www.inc.com/500.