Inc. Magazine recently released the 2014 Inc. 5000 list that ranks the fastest growing privately-held companies in America. We combed the top 1,000 for Finovate alums and two made the cut. Many more are listed among the remaining 4,000 companies.
Before taking a closer look at the two fast-growing companies, here are some stats on the financial services sector as a whole ranked against the other 24 industry categories:
- Revenue: It ranked 5 of 25 in 2013 revenue, with a total of $17.2 billion
- Growth rate: It ranked 19 of 25 in growth over the course of 2010 to 2013, with a rate of 112%
- Job creation: It ranked 12 of 25 in the number of jobs the industry created from 2010 to 2013
Here are the two Finovate alums that made the top 1000:
Lending Club, a peer-to-peer lending platform
Rank: 248
Founded: 2007
Headquarters: San Francisco, CA
3-year revenue growth: 18x
OnDeck, offers alternative loans to small and medium sized businesses
Rank: 726
Founded: 2007
Headquarters: New York City, NY
3-year revenue growth: 6.3x
