NEW YORK--(BUSINESS WIRE)--Today, Inc. magazine revealed the official ranking of Percent, the platform that has created the modern private credit marketplace, as No. 175 on its fourth annual Inc. 5000 Regionals: Northeast list, fueled by a two-year revenue growth of 70%. This list is the most prestigious ranking of the fastest-growing Northeast private companies, based in Pennsylvania, New York, Vermont, New Hampshire, Maine, Massachusetts, Connecticut, Rhode Island, and New Jersey. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the Northeast economy’s most dynamic segment – its independent small businesses.
“Being listed on the Inc. Regional: Northeast list for the second year in a row is a tremendous honor and further testament to the passionate, hardworking, and dedicated team we’ve built here at Percent,” said Nelson Chu, Founder and CEO of Percent. “Together, we have continued to deliver on our mission to bring diverse options, unprecedented transparency, and superior results for investors, borrowers, and underwriters to the private credit markets.”
The companies on this list show a remarkable rate of growth across all industries in the Northeast region. Between 2020 and 2022, these 198 private companies had an average growth rate of 155.84 percent; by 2023, they’d also added 14,560 jobs and $15.7 billion to the region’s economy.
Complete results of the Inc. 5000 Regionals: Northeast list, including company profiles, can be found at Inc.com/Northeast, along with an interactive database that can be sorted by industry, metro area, and other criteria.
“The honorees in our Inc. 5000 network are the Who’s Who of private companies. They’re energizing regional economies as they engineer the future of their industries. Learn who they are and what they do — they’ll be impacting things for a while,” said Eric Hagerman, Special Projects Editor at Inc. Media.
This newest ranking follows Percent’s placement on the 2023 Inc. 5000 Regionals: Northeast list, which saw the company ranked 15 overall with a three-year growth of 1329%.
More about Inc. and the Inc. 5000 Regionals
Methodology
The 2024 Inc. 5000 Regionals are ranked according to percentage revenue growth when comparing 2020 and 2022. To qualify, companies must have been founded and generating revenue by March 31, 2020. They had to be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2020 is $100,000; the minimum for 2022 is $1 million. As always, Inc. reserves the right to decline applicants for subjective reasons.
About Percent
Percent has created the modern private credit market, empowering investors, borrowers, and underwriters with innovative technology to increase the speed and velocity of transactions at a fraction of the cost. The company’s core infrastructure delivers public market efficiencies to the analog private credit market by powering the sourcing, structuring, syndication, surveillance and servicing of private credit transactions from beginning to end. Founded in 2018, Percent’s platform is becoming the market standard for asset-based and corporate lending, powering over $1 billion in transaction volume in a multi-trillion-dollar private credit industry. For additional information, please visit www.percent.com and follow the company on Facebook, Instagram, LinkedIn and X.
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers and the credibility that helps them drive sales and recruit talent.
The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
