#2 Fastest Growing Private Company in LA Area

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Payscout Named #2 Fastest Growing Private Company in Greater Los Angeles Area

Payscout recognized as the second fastest growing private company by the Los Angeles Business Journal after placing #434 on Inc. Magazine’s fastest growing U.S. companies list.

(Los Angeles, CA) November 9, 2015—Payscout, a leading entrepreneurial-focused global payment processing provider, placed second on the 2015 Los Angeles Business Journal list of fastest growing privately held companies in all of Los Angeles County.

In August, Payscout was also recognized for its exponential growth with a #434 rank position in Inc. Magazine’s 500 fastest growing private companies, acknowledging three year sales growth of 1,078 percent. This distinction followed the company’s 2014 ranking on the Inc. 5000 list in position #2416.

While these honors are based on Payscout’s incredible revenue growth, the corporation’s rapid expansion has come about from building a strategic international business model. This successful formula is focused on the mission of, “supporting the entrepreneurial dream one transaction at a time,” which empowers entrepreneurial businesses with secure and cost-effective global payment processing services.

When asked about his company’s phenomenal expansion, Cleveland Brown, CEO and Founder, said, “It begins with a clear vision and well-defined mission. We are a new-generation global payment processing provider that includes credit card processing for both traditional retail and cutting-edge eCommerce storefronts.” Brown added that, “We have attracted a diverse and talented team that enables us to grow a smart global company with cultural empathy. Just as important, this team has the ability to act on its feet, take heart in victories and learn from what doesn’t work. There is real savvy in these strengths.”

On managing the growing workload, Brown said, “First, we adopted scalable technical resources and hired the right people to develop processes aligned with our technical platforms. Second, we moved to a new worldwide headquarters, and expanded to two new strategic locations. Third, we drank a lot of coffee.”

As a result, Payscout has been helping their partners save hundreds and thousands of dollars in credit card processing costs every year. Payscout regularly receives rave reviews for its business-friendly pricing, bank-direct merchant accounts, innovative gateway and swipe software, and low-cost POS terminals.

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