SEATTLE--(BUSINESS WIRE)--BizXchange has been named to the Puget Sound Business Journal’s list of the Eastside’s 50 Fastest-Growing Private Companies. This year the business-to-business trade exchange is listed at number 13 on the inaugural list. The award honors innovative, inventive and inspirational eastside companies with the highest percentage of revenue growth over the last three years.
BizXchange operates a private business-to-business currency, the BizX dollar, which allows companies to buy and sell from each other without using cash. With over 2,000 members worldwide, BizXchange has conducted over $340 Million in cashless transactions since its inception in 2002. Over the last three years, the company grew by 129 percent.
“We are honored to be on this list and thrilled to see a number of BizX members recognized for their growth as well,” said Bob Bagga, BizXchange founder and CEO. “Our member’s business success is a key factor in our success and a testament to the valuable resource we provide our community of businesses. We couldn’t have done it without our team members, clients and partners around the world.”
To be considered for the list, companies must submit revenue figures for the past three years. The 50 companies with the highest percentage of revenue growth over that period of time (2008, 2009 and 2010) were recognized on the list.
BizXchange helps businesses generate new sales and allows them to save cash on expenses by using the BizX dollar rather than cash. In order to provide more companies the opportunity to increase their business efficiency with an organized private currency, BizXchange’s future plans include increasing the company’s presence in current markets, expanding to new domestic and international markets and expanding to include an online trading platform.
About BizXchange
BizXchange operates a private currency for businesses, which offers companies financial solutions to help improve and grow business. Clients buy and sell products and services with other exchange members using BizX dollars, which are equivalent to U.S. dollars. BizXchange has offices in Seattle, San Francisco and Dubai. www.bizx.com.