The payments solution provider for the
insurance industry ranked 1639 on the list, with 316% growth over
the last 3 years.
AUSTIN,
Texas, Aug. 13, 2024 /PRNewswire/
-- Inc. magazine announced that ePayPolicy is No. 1639
on its annual Inc. 5000 list, one of the most well-known rankings
of the nation's fastest-growing private companies. The data-driven
rankings highlight successful entrepreneurial companies, and has
featured companies like Microsoft, Meta, Oracle, Patagonia in
previous years. This was both ePayPolicy's third year to apply and
make the list.
"We're honored to be included among the country's most dynamic
and growing companies once again," said CEO Mark Engels. "It's a testament to the value that
our products bring to our customers, and the incredible team we
have here building them."
ePayPolicy was built to serve the insurance industry, founded on
the belief that payments should be the easiest thing that agencies,
brokers, MGAs, premium finance companies and carriers manage. The
insurance industry has lagged behind most other verticals when it
comes to modern, efficient digital payments and money movement.
ePayPolicy's suite of tools are changing that.
"We've made significant investments over these last 3 years to
bring new products and features to our platform, in direct
partnership with our customers," said Engels. "We have more
integrated tools than ever before to make their payment processes
the simplest thing that they do."
The company, which began with efficient online payment pages,
has since added dozens of integrations into popular management and
accounting systems, as well as features like Payables Connect for
faster accounting reconciliation, and CheckMate, a modern lockbox
solution for insurance companies still managing paper checks.
ePayPolicy's latest enhancement, Finance Connect allows
insurance companies to offer faster access to financing for their
insureds, while maintaining existing relationships with their PFC
partners.
"We never want to build products in a vacuum, without our
customer's feedback," said Engels. "More than anything, we're
passionate about making business easier for them. This recognition
affirms that we're still on the right track."
About ePayPolicy
ePayPolicy offers easier payment tools, built just for
insurance. ePayPolicy's products bring insurance payments up to
speed for agencies, carriers, MGAs and PFCs, with secure online
payment pages, automated check processing, payables reconciliation
and more. 7,500+ insurance companies trust ePayPolicy and their
expert, live support team to handle their payments every day. Learn
more: ePayPolicy.com
More about Inc. and the Inc. 5000
The Inc. 5000 class of 2024 represents companies that have
driven rapid revenue growth while navigating inflationary pressure,
the rising costs of capital, and seemingly intractable hiring
challenges. Among this year's top 500 companies, the average median
three-year revenue growth rate is 1,637 percent. In all, this
year's Inc. 5000 companies have added 874,458 jobs to the
economy over the past three years.
Methodology
Companies on the 2024 Inc. 5000 are ranked
according to percentage revenue growth from 2020 to 2023. To
qualify, companies must have been founded and generating revenue by
March 31, 2020. They must be
U.S.-based, privately held, for-profit, and independent—not
subsidiaries or divisions of other companies—as of December 31, 2023. (Since then, some on the list
may have gone public or been acquired.) The minimum revenue
required for 2020 is $100,000; the
minimum for 2023 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.
Media Contact:
Justin Jaksha
8443729300
381780@email4pr.com
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SOURCE ePayPolicy