Sunbit Ranks Number 306 on the 2022 Inc. 5000 Annual List
With Three-Year Revenue Growth of Nearly 1,900 Percent, Sunbit Receives Ranking No. 306 Among America’s Fastest-Growing Private Companies
NEW YORK (PRWEB) AUGUST 16, 2022
Today, Inc. revealed that Sunbit, the company building financial technology for everyday expenses, is No. 306 on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list represents a one-of-a-kind look at the most successful companies within the economy’s most dynamic segment—its independent businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
“Our business has always been focused on helping customers and merchants – and the Inc. 5000 honor proves that we’re succeeding in doing just that,” said Arad Levertov, CEO of Sunbit. “When you deliver real value to the people you serve, they recognize it – and then the unit economics work. That’s really the key to sustainable growth, which is what we’re after so that we can help more consumers and more merchants.”
The companies on the 2022 Inc. 5000 have not only been successful, but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19. Among the top 500, the average median three-year revenue growth rate soared to 2,144 percent. Together, those companies added more than 68,394 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 http://www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine, which will be available on August 23.
“The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated,” says Scott Omelianuk, editor-in-chief of Inc. “Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today.”
“We believe that the key to business resilience is serving our customers and partners to the best of our ability,” said Arad Levertov. “When people see value in what you’re delivering, growth follows.”
Sunbit offers a variety of financial technology solutions including the Sunbit Card, a next-generation credit card that marries the best features of credit, debit and pay-over-time, point-of-sale payment solutions where everyday services like auto repair and dental care are provided, and integration partnerships with communication management platforms for merchants. The company uses cutting edge technology, leveraging artificial intelligence and machine learning to develop offerings that are deeply rooted in optimizing customer experience.
Financing offered is made by Transportation Alliance Bank, Inc., dba TAB Bank, which determines qualifications for and terms of credit.
More about Inc. and the Inc. 5000
Methodology
Companies on the 2022 Inc. 5000 are ranked according to percentage revenue growth from 2018 to 2021. To qualify, companies must have been founded and generating revenue by March 31, 2018. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2021. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2018 is $100,000; the minimum for 2021 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. The top 500 companies on the Inc. 5000 are featured in Inc. magazine’s September issue. The entire Inc. 5000 can be found at http://www.inc.com/inc5000.
About Inc.
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 & Gala is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit http://www.inc.com.
For more information on the Inc. 5000 Conference & Gala, visit http://conference.inc.com/.
