RALEIGH, N.C., Aug. 15, 2023 (GLOBE NEWSWIRE) -- PayBright, a leading merchant services provider, announces today it has been named to Inc. Magazine's annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The Inc. 5000 list is ranked according to percentage revenue growth from 2019 to 2022, during which time PayBright grew at an 891% clip, landing it as the No. 657 overall in the country and No. 5 in the Raleigh, North Carolina, area. This is the second consecutive year that PayBright has been recognized for this honor.
PayBright has separated itself from competitors in the space by partnering with some of the most experienced agents in the industry to sell merchant services, which has enabled the company to reach markets across the country and sign merchants from all types of industries. Over the three-year span for the list, PayBright grew its sales team from 100+ agents to include more than 600 active agents now. PayBright expects to surpass 1,000 active agents before the end of 2024.
"We’ve remained agile and knowledgeable within the industry to know when it is time to expand the team and offer new services,” said Dustin Magaziner, Founder and CEO of PayBright. “Our team excels at providing unparalleled support for our agents, ISOs and merchants alike. We’re honored to be named among Inc.’s fastest-growing companies, and we would not be here without the hard work and dedication of our entire team.”
The merchant services industry is a rapidly expanding field, as credit and debit cards have grown more popular in everyday use. Nearly every business has a need to accept card payments, and a report from Grand View Research states the growth won’t slow down, as “the global merchant banking services market size was valued at USD 41.44 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 17.4% from 2023 to 2030.”
The news of being named a fastest-growing company comes on the heels of PayBright’s recent launch of its POS Desk, which provides support to agents in the field who need help selling and connecting merchants POS and payments software. This will enable PayBright to continue providing top-tier support and growing its 1099 agent team.
To learn more about PayBright, visit: https://www.gopaybright.com/.
About PayBright
PayBright is a merchant services provider that works with independent agents, ISOs, banks and other strategic partners to provide payment solutions to businesses. By focusing on a 'merchant services done right' model, PayBright has become an industry leader by ensuring transparency, affordability and simplicity for agents and their local merchants.
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 www.inc.com.
Media Contact
Matt Greenfield
Uproar PR for PayBright
mgreenfield@uproarpr.com
