Parsippany, NJ, Aug. 17, 2021– Provenir, a global leader in risk decisioning and data analytics software, today announced it has been named to the Inc. 5000 list, Inc. Magazine’s annual ranking of the fastest-growing private U.S. companies based on company revenues over the past three years. Provenir is one of only 572 software companies included in this year’s list.
In 2020 alone, revenue for Provenir’s software-as-a-serve (SaaS) solutions increased 25 percent year-over-year, driven by a 22 percent increase in its customer base of disruptive financial services companies, and its increasing presence in the Buy Now Pay Later (BNBL) and challenger bank markets. The company also expanded into new geographic markets including Latin America, UAE, and Asia, and now serves clients in more than 40 countries worldwide.
For those companies included in the Inc. 5000 this year, the average median three-year growth rate soared to 543 percent, and median revenue reached $11.1 million. Collectively, those companies added more than 610,000 jobs to the economy over the past three years.
“Provenir is honored to be included in this prestigious list of companies that are driving innovation and change to be leaders in their respective markets,” said Larry Smith, founder and CEO, Provenir. “We are proud of our growth over the past three years in both new customers and expansion into new markets to meet the burgeoning need for real-time risk decisioning solutions.”
“The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,” said Inc. Editor-in-Chief Scott Omelianuk. “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.”
Provenir’s technology enables fintechs, financial institutions, and payment providers to easily design, build, and deploy solutions to solve complex business challenges such as digital onboarding, retail financing, Buy Now Pay later (BNPL) approvals, SME lending, insurance, credit card management, eCommerce, eWallet, digital banking, alternative data and fraud. Its flagship product, the Provenir AI-Powered Risk Decisioning Platform, is a cloud-native data, decisioning and analytics platform, providing one unified digital experience powering four cloud products — decisioning, data, insights, and solutions — enabling users to create the platform-as-a-service cloud that best fits their needs.
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.