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August 14, 2019

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CardFlight’s Stellar Growth and Strong Revenue Recognized by Inc. 5000 for Second Year in a Row

CardFlight, the leading SaaS payment technology company, today announced its inclusion in the 2019 Inc. 5000 list for the second year in a row. Published by Inc. Magazine, the list recognizes the top 5,000 fastest-growing privately held companies within the United States. CardFlight’s stellar 2018 revenue and strong three-year revenue growth rate of 469 percent placed the company at number 908 on the list.

“We’re thrilled to be included in the Inc. 5000 once again. This recognition is a testament to the hard work, dedication, and creativity that our entire team brings to the table each and every day, and the tremendous growth we’ve seen as a result,” said Derek Webster, CardFlight Founder and CEO. “Since our founding in 2013, we’ve been committed to empowering small business owners with our signature SwipeSimple software—a merchant-focused, technology-driven approach that’s led to our success to date. It’s truly an honor to have that customer commitment be acknowledged by one of the country’s leading entrepreneur-focused publications.”

As cited by Inc. Magazine, from 2015 through 2018, the economy grew by 12 percent. CardFlight, by comparison, grew 469 percent over that same time period. This growth rate, far outpacing the economy, is fueled by the company’s mission, focus, and dedication. The company’s progress is due to solid technology, a dynamic sales channel, and a passion for serving small businesses. As further testament to consistent performance, CardFlight joins the likes of Microsoft, Intuit, Oracle, and Patagonia among those companies recognized by Inc Magazine multiple times for their continuing growth.

“This achievement is the latest indicator of our amazing growth over the past few years,” said Marla Knutson, Senior Vice President of Strategic Partnerships at CardFlight. “This success is due in no small part to the strength of our partnerships with leading merchant acquirers and independent sales organizations (including 10 of the top 30 U.S. Merchant Acquirers), who have embraced our solutions and helped introduce them to merchants nationwide. With 469 percent in sales growth the past three years, over 50,000 small business owners using CardFlight, and an ever-growing team of more than 50 employees across two offices, this is just the beginning.”

Methodology

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 www.inc.com/inc5000.

About CardFlight

CardFlight is a leading SaaS payment technology company making payment acceptance effortless and simple, by creating cutting-edge solutions designed to help small businesses grow.

SwipeSimple, a signature CardFlight product, reaches businesses through a sales channel of financial institutions, independent sales organizations, and merchant service providers. Used by more than 50,000 small businesses in the U.S., across all 50 states, SwipeSimple empowers entrepreneurs to accept payments on the go, in their stores, and at their computers.

CardFlight takes pride in building forward-thinking solutions defined by reliability and driven with the end-user’s goals in mind. The company is headquartered in New York City, with additional offices in Lincoln, NE. For more information, visit www.cardflight.com.

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.

For more information on Inc. and the Inc. 5000 Conference, visit www.conference.inc.com/

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