ORLANDO, Fla., June 18, 2019 (GLOBE NEWSWIRE) -- Fattmerchant, an integrated payment solution with omni-channel technology and a disruptive subscription-based pricing model, has been selected as a recipient of Orlando Business Journal’s 2019 Fast 50: Central Florida’s Fastest Growing Companies award. The annual list recognizes the region’s fastest-growing firms, ranked by percentage of revenue growth between 2016 and 2018. Orlando Business Journal recognized Fattmerchant for its prosperity and 350 percent growth experienced over three years, placing the company third on the list and making it the No. 1 fastest growing fintech company in Central Florida.
“We’re so proud of our team’s high velocity revenue growth, and it’s an even greater honor to be recognized as one of the fastest growing companies by Orlando Business Journal,” said Lyndsey Lang, VP of business development at Fattmerchant. “Over the last three years, Fattmerchant and its founders Sal Rehmetullah and Suneera Madhani have worked hard to scale from an early-stage startup to a company bringing in $7 million in revenue and $20 million in funding – all with the help of our all-star team, advanced technology, passion and transparency. We can’t wait for what’s next.”
Orlando Business Journal evaluated the Fast 50 recipients on the magnitude of their growth. Nominated companies had to meet several requirements, including being established by 2014 and having a gross revenue of at least $1 million in 2016 and $5 million in 2018 to qualify. Recipient companies must also be at least 51 percent privately-held, headquartered in Central Florida and must not be a subsidiary of another company.