2016 was a year of transformational Payline growth and we’re cooking up big things for the year ahead. As we set the stage for all to come in 2017, here is a look at how we have grown and what we’ve accomplished so far.
Payline Makes the Inc. 500 List
In August, Payline was ranked at number 208 on the prestigious Inc. 500 list of Fastest Growing Companies in the United States. We also received accolades as 15th nationwide on the list of privately held financial services businesses and the 8th fastest growing company regionally in Chicago, thanks to our three-year sales growth of 1,866% and $5 million in revenue in 2015.
“This is a tremendous honor and a sign of our innovation and Payline growth, as well as the dedication and hard work of our team”, said Jeff Shea, CEO and co-founder. “Payline is built on the foundation of empowering our employees and clients alike to achieve their greatest potential while improving the world through charitable work.”
Payline Turned its Back on VC Funding
Prior to the Inc. 500 announcement, we made waves by raising $2 million, not through VC funding but through existing bank and partner relationships, free from trading any ownership of the company. Bootstrapping, as Jeff Shea shared with tastytrade.com for their weekly Bootstrapping in America segment earlier this year, allows us to have control over our focus as we grow into the future.
The Current Payments Environment
So, how did we get here and why is Payline growth important in this industry? Other payment processing providers fail to see growth because they lack transparency with their pricing, and oftentimes, hidden fees and contracts cause concern for merchants. Payline, on the other hand, consistently offers the most transparent pricing plans and the best-fit solutions structured with your business in mind.
Payline Growth and Our Difference
With Payline, you can expect to receive top-notch customer support with attention to detail, as well as solutions tailored to fit your business needs. We offer no hidden fees and no contractual obligations.
Payline understands that transparency is important to our customers. As a business owner, you need to work with vendors who will help support your business as you grow. The proof is in our numbers – as Payline continues to see growth and success in the year ahead, we want to see your business grow successfully alongside ours.