NEW YORK, August 17, 2021 – Inc. magazine today revealed that Quontic is No. 4,237 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
“We are pleased to be recognized as one of the nation’s fastest growing private companies by Inc. for the second year in a row,” shares Steve Schnall, CEO of Quontic. “Quontic is honored to be ranked amongst many other remarkable and innovative businesses.”
Not only have the companies on the 2021 Inc. 5000 been very competitive within their markets, but this year’s list also proved especially resilient and flexible given 2020’s unprecedented challenges. Among the 5,000, the average median three-year growth rate soared to 543 percent, and median revenue reached $11.1 million. Together, those companies added more than 610,000 jobs over the past three years.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc., which will be available on newsstands on August 20th.
“The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,” says Scott Omelianuk, editor-in-chief of Inc. “Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.”
Quontic is the adaptive digital bank that empowers its customers financially and seeks to develop unique deposit products that align with what consumers are most passionate about, while embracing their diverse circumstances. Guided by the belief that a digital bank should be for the people – the innovators, the big thinkers, and the hard workers – Quontic is disrupting the old way of banking by using the deposits from its award-winning and highly rated accounts to finance the homeownership dreams of low-income families, immigrants, people of color, small business owners, and those who are unable to obtain mortgage loans through traditional lending channels. Quontic also launched Bitcoin Rewards Checking, the first cryptocurrency rewards program checking account in the nation. In launching its Bitcoin Rewards Checking, Quontic beat well-known industry behemoths, banks, and fintechs to market with such a banking-related bitcoin product. With this new rewards program, both crypto enthusiasts, crypto curious and crypto beginners have the opportunity to grow their net worth via cryptocurrency by earning 1.5% back in Bitcoin on eligible debit card purchases. Quontic Bitcoin Rewards Checking is the only bank and card program that offers consumers the ability to earn a novel, liquid and truly tangible asset that has the potential to appreciate over time.
More about Inc. and the Inc. 5000
Companies on the 2021 Inc. 5000 are ranked according to percentage revenue growth from 2017 to 2020. To qualify, companies must have been founded and generating revenue by March 31, 2017. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2020. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2017 is $100,000; the minimum for 2020 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 three decimal places. There was one tie on this year’s Inc. 5000. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
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 web sites, 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 Vision Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
For more information on the Inc. 5000 Vision Conference, visit http://conference.inc.com/.