Subscription-based, integrated payment technology platform secured a top-three overall slot on the 2019 Orlando Business Journal Fast 50 List: Central Florida’s Fastest-Growing Companies
ORLANDO, Fla., June 18, 2019 — Stax by Fattmerchant, an integrated payment solution with omnichannel 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 Stax by 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 Stax by Fattmerchant. “Over the last three years, Stax by 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.
The 2019 winners provide a roadmap for success in a variety of industries and services including construction, development, professional, manufacturing, technology, retail, restaurant, tourism, and health.
“We also want to congratulate the other winners of this year’s Fast 50 award for their success and contribution to Central Florida’s economy,” continued Lang. “Together, the 50 recipients of this award have $2.4 billion in combined revenue, and it’s incredible to see the impact all of these companies are having on their industries and Orlando as a whole.”
For more information on Stax by Fattmerchant, visit Fattmerchant.com.
About Stax by Fattmerchant
Stax is one of America’s fastest-growing fintech companies, recognized by U.S. News and World Report, Inc., and Fortune for its radically simple payment technology. Stax (formerly Fattmerchant) empowers more than 22,000 small businesses, large businesses, and software platforms through the industry’s only all-in-one payments API. Stax’ platform provides businesses and SaaS platforms the ability to manage their payment ecosystem, analyze data, and simplify their customer experience through fully integrated solutions.
With access to everything they need to transact seamlessly, the one-stop tool allows companies to move faster, think smarter, and make better business decisions through the power of payments. Stax has powered more than $9 billion in transactions and expanded globally to international markets outside of the US.
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