Berwyn, PA (USA), September 06, 2014 -- Prepay Nation, a leading provider of cross-border micro value and prepaid mobile airtime transfers, is thrilled to announce that the company has been named to Inc. magazine’s annual Inc. 500 list, an exclusive ranking of the nation’s fastest-growing companies. The company ranks #97 overall and #10 in the Financial Services category. Prepay Nation stands alongside such market disrupters as Lending Tree, GoPro, Hubspot and Fuhu.
To be included in the 2014 Inc. 500 list, companies had to have grown more than 942% from the start of 2011. Prepay Nation is honored this year based on its meteoric 3,637% growth over the last 3 years. Past honorees include Intuit, Zappos, Microsoft, Jamba Juice, Timberland, Pandora, Oracle, and other industry leaders, many of whom have since gone public.
Prepay Nation enables the transfer of small values across international boundaries on a real time basis. It is a P2P service that is primarily used by immigrants to extend financial support to their friends and family back home. Prepay Nation utilizes prepaid mobile phone infrastructure around the globe to provide its service, which is free to both sender and recipient, and is complementary to the traditional money remittance market, estimated at approximately $500 billion per annum.
“Prepay Nation was built on the fact that the current financial systems do not provide any cost-efficient option to transfer small values across international boundaries,” said Anurag Jain, CEO of Prepay Nation. “Our tremendous growth is a validation of the opportunity that exists, along with our ability to offer a unique solution to migrant workers.”
“We are proud and humbled by this honor,” said Ajay Goyal, CTO and Co-Founder of Prepay Nation. “It not only recognizes efforts on our part, but also the value of the service we provide enabling no-fee cross-border productized remittances.”
“Prepay Nation is a remarkable organization, and this recognition comes as no surprise to anyone who has been involved in their amazing growth over the past few years,” commented Carol Realini, payments innovator and Board Member at Prepay Nation. “The team has real vision, and an outstanding roster of talent for making it a reality. They’re bringing substantial value to each of their partners, and I have no doubt they will garner increasing recognition from Inc. and others moving forward.”
About Prepay Nation:
Prepay Nation is a fast growth company in the business of enabling the transfer of small values from one person to another (P2P) across international borders. Prepay Nation utilizes the prepaid mobile ecosystem to remit values in the form of international airtime, product vouchers, mobile wallet balances and more. With over 200 mobile operator partnerships in Central America, South America, Caribbean, Asia, and Africa, and a varied distribution channel spanning over 175,000 locations in the US, Canada, Europe and Middle East, Prepay Nation offers its innovative productized remittance services to expatriates who financially support their loved ones back home. Prepay Nation’s unique business model, highly scalable processing platform, and interconnectivity with mobile operators and other digital service providers, allows for instantaneous and no-fee transfers for consumers and an opportunity to generate significant revenues for distributors. For more information, visit http://www.prepaynation.com.
About Inc. and the Inc. 500:
Inc. magazine, founded in 1979 and based in New York City, is a monthly publication focused on growing companies. Since 1982, the magazine has published an annual list of the 500 fastest-growing private companies in the U.S., the "Inc. 500." The Inc. 500 is ranked according to percentage revenue growth over a four-year period. To qualify, companies must be U.S.-based, privately held, and independent—not subsidiaries or divisions of other companies—as of December 31 of the last year measured. Revenue in the initial year must have been at least $200,000, and revenue in the most recent year must have been at least $2 million.