Payscout awarded #1 fastest growing private company by the San Fernando Valley Business Journal and #2 by the Los Angeles Business Journal, following Inc. magazine’s recent announcement placing the company #434 on the Inc. 500 fastest-growing U.S. companies list.
(Los Angeles, CA) November 13, 2015—Payscout, a leading entrepreneurial-focused global payment processing provider, has just placed first on the San Fernando Valley Business Journal’s 2015 list of fastest-growing privately-held companies. The distinction follows a Los Angeles Business Journal announcement made last week that placed Payscout at #2 on the list of fastest-growing companies headquartered in Los Angeles County.
In August, Payscout was also recognized for its exponential growth with a #434 rank position in Inc. magazine’s 500 fastest-growing private companies, acknowledging a three-year sales growth of 1,078 percent. This distinction followed the company’s 2014 ranking on the Inc. 5000 list at position #2,416.
While these honors are based on Payscout’s incredible revenue growth, the corporation’s rapid expansion has come about from building a strategic international business model. This successful formula is focused on their mission of “supporting the entrepreneurial dream one transaction at a time,” which empowers entrepreneurial businesses with secure and cost-effective global payment processing services.
When asked about his company’s phenomenal expansion, Cleveland Brown, CEO and founder, said, “It begins with a clear vision and well-defined mission. We are a new-generation global payment processing provider that includes credit card processing for both traditional retail and cutting-edge eCommerce storefronts.” Brown added, “We have attracted a diverse and talented team that enables us to grow a smart global company with cultural empathy. Just as important, this team has the ability to act on its feet, take heart in victories and learn from what doesn’t work. There is real savvy in these strengths.”
On managing the growing workload, Brown said, “First, we adopted scalable technical resources and hired the right people to develop processes aligned with our technical platforms. Second, we moved to a new worldwide headquarters, and expanded to two new strategic locations. Third, we drank a lot of coffee.”
As a result, Payscout has been helping their partners save hundreds and thousands of dollars in credit card processing costs every year. Payscout regularly receives rave reviews for its business-friendly pricing, bank-direct merchant accounts, innovative gateway and swipe software, and low-cost POS terminals.
About Payscout, Inc.:
“Payscout Supports the Entrepreneurial Dream One Transaction at a Time.”
Payscout is a global payment processing provider covering six continents by connecting merchants and consumers via credit, debit, ATM and alternative payment networks. What differentiates Payscout is their mission “to support the entrepreneurial dream one transaction at a time.” They achieve this by being a thought leader in the payments industry. Their “GO GLOBAL NOW” technology platform gives merchants instant access to 100+ countries, billions of consumers and trillions of dollars. Payscout offers payment processing solutions for brick-and-mortar and eCommerce transactions. The company has earned acclaim as a new-generation provider of merchant banking services, specializing in online/eCommerce retailers with a predominant proportion of card-not-present (CNP) transactions, and it is one of the few providers to deliver a true global payment solution that encompasses all merchant risk verticals. Customers can access Payscout’s credit card processing services via a state-of-the-art, web-based user portal and through direct interaction with highly-trained experts. In addition to supporting thousands of clients across a multitude of industries and all 50 U.S. states, Payscout maintains global partnerships with VISA USA, Bank of America Merchant Services, VISA Europe, VISA Latin America, VISA Asia Pacific, MasterCard Worldwide, China Union Pay, Deutsche Bank, First Data and Payscout Brazil. Payscout was recognized as one of America’s fastest-growing privately-held companies in 2014 and 2015, ranking #2,416 in 2014 and #434 in 2015, on Inc. magazine’s Inc. 500/5000 list. Within the financial services industry, Payscout placed #140 in 2014 and #24 in 2015. For more information, visit www.payscout.com.
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Karla Jo Helms