News
CheckAlt Earns Position Among America's Fastest-Growing Private Companies–the Inc. 5000
Aug 14 2019 |
Written by CheckAlt
LOS ANGELES, Calif. – August 14, 2019 – Inc. Magazine revealed today that CheckAlt has earned a spot on its annual Inc. 5000 list, considered the most prestigious ranking of the fastest-growing private companies in the U.S. CheckAlt is now among many well-known brands such as Microsoft, LinkedIn, Zillow, Yelp, Dell, and others to have gained national recognition as a successful independent business helping power the American economy.
"This is a huge honor,” said CheckAlt’s Co-Chairman and CEO Shai Stern. “I am proud of our employees and thankful to our clients who believe in the mission and vision of CheckAlt. It is because of their dedication to our three-pillar strategy of checks, online bill pay, and card payment processing that CheckAlt is a growing, thriving independent business. Our ability to attract world-class talent helps us further strengthen our position as the leading independent provider of lockbox and integrated receivables solutions in the U.S., while infusing electronic payments for our hundreds of financial institutions and corporate clients. As a fast-paced, high-growth fintech operating across a nationwide network of processing centers, CheckAlt is well positioned for growth in the years to come.”
The companies on this year's Inc. 5000 have been competitive within their markets, according to Inc., while the list as a whole presents staggering growth when compared with past lists. The three-year average growth rate among 2019's Inc. 5000 was 454 percent, with a median growth rate of 157 percent. Aggregate revenue from these fast-growing American companies reached $237.7 billion in 2018, and they are responsible for 1,216,308 jobs active across a three-year span.
“The companies on this year’s Inc. 5000 have followed so many different paths to success,” says Inc. Magazine’s Editor-in-Chief James Ledbetter. “There’s no single course you can follow or investment you can take that will guarantee this kind of spectacular growth. But what they have in common is persistence and seizing opportunities.”
Complete results of the Inc. 5000, including CheckAlt's company profile, can be found at www.inc.com/inc5000.
About CheckAlt
In the past 10 years, CheckAlt has become the leading provider of check payment processing solutions for hundreds of financial institutions across the country. As both payment agnostic and demographic agnostic, CheckAlt is uniquely positioned for payments convergence. It has been our focus to process check payments while also eliminating paper from the system with robust electronic payment APIs. CheckAlt’s solutions include lockbox processing across a nationwide hub-and-spoke network of processing sites, consolidated item processing, integrated treasury solutions, and mobile capture services. CheckAlt is headquartered in Los Angeles, Calif.
For interviews, please contact CheckAlt’s Managing Director of Communications, Tiffany Rider, at trider@checkalt.com.
More about Inc. Magazine and the Inc. 5000
The 2019 Inc. 5000 is ranked according to percentage revenue growth when comparing 2015 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2015. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2018. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2015 is $100,000; the minimum for 2018 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
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. Inc. took home the National Magazine Award for General Excellence in both 2014 and 2012. The total monthly audience reach for the brand has been growing significantly, from 2,000,000 in 2010 to more than 20,000,000 today. For more information, visit www.inc.com.
The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates the remarkable achievements of these companies. The event also offers informative workshops, celebrated keynote speakers, and evening functions.
"This is a huge honor,” said CheckAlt’s Co-Chairman and CEO Shai Stern. “I am proud of our employees and thankful to our clients who believe in the mission and vision of CheckAlt. It is because of their dedication to our three-pillar strategy of checks, online bill pay, and card payment processing that CheckAlt is a growing, thriving independent business. Our ability to attract world-class talent helps us further strengthen our position as the leading independent provider of lockbox and integrated receivables solutions in the U.S., while infusing electronic payments for our hundreds of financial institutions and corporate clients. As a fast-paced, high-growth fintech operating across a nationwide network of processing centers, CheckAlt is well positioned for growth in the years to come.”
The companies on this year's Inc. 5000 have been competitive within their markets, according to Inc., while the list as a whole presents staggering growth when compared with past lists. The three-year average growth rate among 2019's Inc. 5000 was 454 percent, with a median growth rate of 157 percent. Aggregate revenue from these fast-growing American companies reached $237.7 billion in 2018, and they are responsible for 1,216,308 jobs active across a three-year span.
“The companies on this year’s Inc. 5000 have followed so many different paths to success,” says Inc. Magazine’s Editor-in-Chief James Ledbetter. “There’s no single course you can follow or investment you can take that will guarantee this kind of spectacular growth. But what they have in common is persistence and seizing opportunities.”
Complete results of the Inc. 5000, including CheckAlt's company profile, can be found at www.inc.com/inc5000.
About CheckAlt
In the past 10 years, CheckAlt has become the leading provider of check payment processing solutions for hundreds of financial institutions across the country. As both payment agnostic and demographic agnostic, CheckAlt is uniquely positioned for payments convergence. It has been our focus to process check payments while also eliminating paper from the system with robust electronic payment APIs. CheckAlt’s solutions include lockbox processing across a nationwide hub-and-spoke network of processing sites, consolidated item processing, integrated treasury solutions, and mobile capture services. CheckAlt is headquartered in Los Angeles, Calif.
For interviews, please contact CheckAlt’s Managing Director of Communications, Tiffany Rider, at trider@checkalt.com.
More about Inc. Magazine and the Inc. 5000
The 2019 Inc. 5000 is ranked according to percentage revenue growth when comparing 2015 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2015. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2018. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2015 is $100,000; the minimum for 2018 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
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. Inc. took home the National Magazine Award for General Excellence in both 2014 and 2012. The total monthly audience reach for the brand has been growing significantly, from 2,000,000 in 2010 to more than 20,000,000 today. For more information, visit www.inc.com.
The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates the remarkable achievements of these companies. The event also offers informative workshops, celebrated keynote speakers, and evening functions.
