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Payscout Named Fastest Growing Private Company in San Fernando Valley

Payscout awarded #1 fastest growing private company for 2015 by the San Fernando Valley Business Journal, immediately following the Los Angeles Business Journal’s announcement ranking Payscout #2 in all of Los Angeles County, and an Inc. 500 fastest growing company honor.

(Los Angeles, CA) November 16, 2015Payscout, a Sherman Oaks-based global payment processing provider with the mission of, “supporting the entrepreneurial dream one transaction at a time,” placed first on the San Fernando Valley Business Journal’s 2015 list of fastest growing privately held companies. The distinction follows a Los Angeles Business Journal announcement made last week naming Payscout #2 on the 2015 list of fastest growing companies headquartered in Los Angeles County.

Payscout was also recognized by Inc. Magazine in August for its exponential growth. This honor placed the company #434 on the Inc. 500 prestigious list of fastest growing private companies across the U.S. This distinction acknowledged Payscout’s three year sales growth of 1,078 percent and it followed a 2014 ranking on the Inc. 5000 list in position #2416.

These honors have all been a result of Payscout’s remarkable revenue growth and rapid expansion, which has resulted from the corporation’s strategic initiative to build a resilient international business model. This successful formula was founded on the company’s focus on fulfilling its mission statement day-to-day to empower 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.”

With deep roots in the San Fernando Valley business corridor, Payscout Inc. has been headquartered on the heart of the San Fernando Valley since inception. The vibrancy of the valley’s business community made the area a harmonious fit for Payscout, also placing the company in an attractive central location for drawing the talent and resources needed to develop and sustain such rapid growth.

“We have attracted a diverse and talented team that enables us to grow a smart global company with cultural empathy,” Brown added. “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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