PIRS Capital Named on 2020 Inc. 5000 List of Fastest-Growing Private Companies for the Second Consecutive Year
AUGUST 25, 2020
PIRS Capital, a leading fintech alternative lender, has gained national recognition again this year by being ranked at No.1746 by Inc. magazine on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. While PIRS Capital is celebrating their growth of 245% over the past three years, they are also celebrating how they are helping the small business community today.
The coronavirus pandemic has affected small businesses in a variety of ways. From loss of business to remote work, things are changing fast during the COVID-19 outbreak and businesses are being forced to adapt. According to the Small Business Administration, there are over 30 million small businesses in the U.S, supporting 1.5 million jobs and generating 64% of new jobs. Early on in the pandemic, Goldman Sachs reported more than 50% of owners didn’t think they could continue operating for more than three months under the current conditions.
Instead of sitting on the sidelines, PIRS Capital has been at the forefront of extending support to the small business community by ensuring their customers have the financial resources they need to not only survive but thrive in these challenging times. “Small businesses are the heartbeat of our economy and we want to play our part in helping them recover” said Andrew Mallinger, Chief Operating Officer at PIRS Capital. “Over the past few months, we have been proactively engaging with our customers to ensure that we are being as flexible and accommodating as we can to help keep them in business.”
Taking a customer-centric mindset in all of its operations is not a new approach for PIRS Capital, it has been their mission since their founding in 2012 and is a direct result of their ongoing success. “The new challenges facing the small business community this year have motivated our team to push even harder to provide our customers with the best customer service possible through this crisis and beyond” added Mallinger.
Compared to last year’s Inc. 5000 ranking, PIRS Capital has moved up higher in position and are one of the top five small business lenders to be recognized in the Financial Services industry. “We are thrilled to be on this list again and to make it twice solidifies that we are making the right decisions and are on the right track” said Matthew Washington, Chief Revenue Officer at PIRS Capital. “To rank so highly not only on the overall list, but also in our industry is a testament to our dedicated employees, loyal customers and valued partners who we could not have grown without…today we celebrate them.”
PIRS Capital has received several awards since last year, most recently being ranked No. 243 on the 2020 Financial Times list of the top 500 fastest-growing companies in the Americas. “We have been widely triumphant in achieving our strategic growth goals over the past several years and are extremely proud that we’ve maintained our momentum in 2020” said Faisal Khan, Director of Marketing at PIRS Capital. “PIRS has no plans of slowing down and is more committed than ever to continue to deliver reliable funding to small businesses nationwide.”
Small businesses are facing rapidly dwindling resources and mounting uncertainty about their financial path forward and need a lender they can rely on and trust to make the best decisions for their business. PIRS Capital is filling that gap and has proven that maintaining customer loyalty and trust is not just a temporary strategy, but a mindset that is ingrained in their company culture and DNA.
“The companies on this year’s Inc. 5000 come from nearly every realm of business,” says Inc. editor-in-chief Scott Omelianuk. “From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism.” 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 http://www.inc.com/inc5000
About Inc 5000
The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2019 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. 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 PIRS Capital
PIRS Capital launched in 2012 with one objective in mind: to ensure client success when funding small businesses across the nation. Since then, PIRS has always strived to differentiate themselves for their customers and partners by making intelligent, personalized, tech-enabled business decisions that ensure mutual success. Learn more at https://pirscapital.com