Clayton, MO, August 24, 2012 --(PR.com
)-- Today, Clearent announced that it has been named to the Inc. 5000 list of fastest growing private companies. The Inc. 5000 list ranks businesses according to their percentage revenue growth over a three-year period.
Clearent ranked #583 in its first appearance on the Inc. 5000 list, which is comprised of U.S.-based, privately held, independent businesses. Clearent’s revenue grew 626% from 2008 to 2011, driven entirely by organic growth without the benefit of acquisitions. The merchant services provider's growth can be attributed to several factors, including a growing base of sales partners and the fact that the company developed its processing systems from the ground up. By doing its own back-end processing, Clearent can eliminate the middleman and deliver greater transparency and flexibility for Clearent’s partners and merchants.
Clearent’s growth is also being fueled by its next day funding program, which has a 9:00 Eastern cut off time. Merchants appreciate the fact that their money is truly available the next day and that they can get their money faster with Clearent than with other processors.
“Appearing on the Inc. 5000 list of fastest growing companies is a tremendous honor for Clearent. Clearly customers are responding to our unique approach to payment processing. Without the support of our partners, loyal customers and dedicated employees, our rapid growth would not have been possible,” said Dan Geraty, CEO of Clearent.
Clearent is a credit card processing company that was built to be different. We combine leading edge technology with a passion for service to help our customers maximize the value of their merchant services program. Clearent provides sales agents, financial institutions, and merchants with benefits not available from other providers, such as next day funding with a late cut-off time and unrivaled graphical, web-based reporting. The company has grown in excess of 100% for the past four years and now processes $3 billion in annual card volume. To learn more, visit http://www.clearent.com or call 866.205.4721.