{"id":368,"date":"2021-08-25T15:05:00","date_gmt":"2021-08-25T15:05:00","guid":{"rendered":"https:\/\/platforms.worldpay.com\/en\/?p=368"},"modified":"2025-03-25T11:50:19","modified_gmt":"2025-03-25T11:50:19","slug":"inc-magazine-names-payrix-as-one-of-americas-fastest-growing-private-companies-for-2021","status":"publish","type":"news","link":"https:\/\/platforms.worldpay.com\/en\/newsroom\/inc-magazine-names-payrix-as-one-of-americas-fastest-growing-private-companies-for-2021\/","title":{"rendered":"Inc. Magazine Names Payrix as One of America\u2019s Fastest-Growing Private Companies for 2021"},"content":{"rendered":"
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NEW YORK, August 17, 2021<\/strong> \u2013 Inc.<\/em> magazine<\/a> today revealed that Payrix is on its annual Inc. 5000 list<\/a>, the most prestigious ranking of the nation\u2019s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy\u2019s most dynamic segment\u2014its independent small businesses.<\/p>\n\n\n\n

Embedded financial services like Payrix have driven a full-scale digital transformation of the payments industry, creating new opportunities where payments and software meet. In the past year, Payrix has expanded its geographic footprint and product set, while ensuring client success and growing functional areas of the business.<\/p>\n\n\n\n

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\u201cThis recognition is proof that we grow when our clients grow. I can\u2019t help but look out at the exponential growth that lies ahead in the market, given we\u2019ve signed 50% of our existing clients within the last six months,\u201d Eric Frazier<\/a>, Chief Executive Officer of Payrix. \u201cWe are so proud of this achievement and look forward to continuing to use the value of the payment facilitator model to take vertical software businesses to new heights.\u201d <\/p>\n\n\n\n

Not only have the companies on the 2021 Inc. 5000 been very competitive within their markets, but this year\u2019s list proved especially resilient and flexible given 2020\u2019s unprecedented challenges. Among the 5,000, the average median three-year growth rate soared to 543 percent and median revenue reached $11.1 million. Together, those companies added more than 610,000 jobs over the past three years.<\/p>\n\n\n\n

Payrix is the trusted embedded payments technology partner for vertical software businesses. Designed for growth and scalability, Payrix provides an end-to-end payment facilitation platform and white-glove approach that includes a payfac as a service<\/a> model to get clients quickly up and running, as well as a payment infrastructure as a service<\/a> model for registered payment facilitators. Ranking alongside the nation\u2019s fastest-growing private companies is a major achievement for Payrix and speaks volumes to the interest software providers have in creating a more seamless payments experience for merchants, while unlocking additional revenue streams. <\/p>\n\n\n\n

\u201cThe 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,\u201d says Scott Omelianuk, Editor-in-Chief of Inc. \u201cBuilding one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we\u2019ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.\u201d<\/p>\n\n\n\n

About Payrix<\/strong><\/p>\n\n\n\n

Payrix is a passionate team of payments and software experts who provide vertical software companies with an all-in-one platform \u2014 and a white-glove approach \u2014 to capitalize on the opportunities within embedded payments for growth, innovation, and transformation. <\/p>\n\n\n\n

Led by forward-thinkers from PayPal, Worldpay, Elavon, Chase Paymentech and more, Payrix is committed to delivering to its clients more freedom and peace of mind with a proven solution that helps eliminate friction, unleash their possibilities with new revenue, and make their customers\u2019 lives easier. <\/p>\n\n\n\n

Payrix is a privately-held company headquartered in Atlanta, GA and is backed by PSG and Blue Star Innovation Partners.<\/p>\n\n<\/div>\n <\/div>\n

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