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ATLANTA, Aug. 17, 2023 /PRNewswire/ -- Inc. revealed today that SmartPath, the leading provider of comprehensive financial education solutions, ranks on the 2023 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy's most dynamic segment—its independent, entrepreneurial businesses.
"We are deeply honored to be recognized as one of the fastest-growing private companies nationwide by Inc.," says SmartPath CEO and Founder, Alok Deshpande. "Our ability to swiftly adapt our business priorities in the face of economic adversity (and succeed) demonstrates our team's tenacity and commitment to excellence. Receiving this honor is a reminder that the work we do is having an impact, and I am extremely proud of our organization."
The Inc. 5000 class of 2023 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year's top 500 companies, the average median three-year revenue growth rate ticked up to an astonishing 2,238 percent. In all, this year's Inc. 5000 companies have added 1,187,266 jobs to the economy over the past three years.
"Running a business has only gotten harder since the end of the pandemic," says Inc. Editor-in-Chief, Scott Omelianuk. "To make the Inc. 5000—with the fast growth it requires—is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future."
SmartPath COO and Co-Founder, Stuart Lawder, adds, "The financial impact of the pandemic forced us to innovate quickly to provide critical support for our users during a volatile time. The last couple of years really proved what we were capable of as a team, and encouraged us to keep pushing the boundaries of what's possible."
For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000.
About SmartPath
SmartPath is the leading provider of comprehensive financial education solutions in the country. Its robust offering includes daily educational classes, one-on-one coaching, and digital tools that empower individuals on the journey to financial freedom. Founded in 2010 and supporting over 600,000 individuals, SmartPath delivers its financial education solutions in partnership with financial institutions, fintech companies, and employers nationwide. For more information, visit www.joinsmartpath.com.
More about Inc. and the Inc. 5000
Methodology
Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.
About Inc.
Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.'s award-winning work reaches more than 50 million people across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.
