Percent Achieves Recognition in Inc. 5000 for Fast-Growing Companies Within the Northeast Region

Percent Makes Waves in the Financial Sector

In a noteworthy achievement, Percent has once again made its mark on the prestigious Inc. 5000 Regionals list for the Northeast, securing the 85th spot this year. This acknowledgment comes as a result of the company's impressive two-year revenue growth of 70%, marking a remarkable ascent from its previous rank of 175 last year.

Driving Forces Behind Percent's Success

Percent's transformative journey is fueled by significant milestones reached within the private credit arena. The company has facilitated a staggering total of over $1.5 billion in transactions, showcasing its robust business model in today’s dynamic marketplace. Just this year alone, Percent has orchestrated $125.2 million in funding across 65 distinct deals, combining a solid current weighted average coupon rate of 16.2% with an average investment duration of 12.4 months. This reflects a 41.3% surge in deal activity compared to last year, alongside a groundbreaking 69.7% increase in issuance volume, solidifying the company’s leading role in the lender finance and asset-based securities sectors.

The Visionary Behind the Innovation

Nelson Chu, the founder and CEO of Percent, articulates the company's philosophy: "Growth and innovation aren't merely goals – they represent our operational essence. Our latest accomplishments reflect not just our team's dedication but also the profound impact we are creating in the realm of private credit." Chu’s vision emphasizes enhancing investor control, enhancing transparency, and generating recurring income, which are cornerstone attributes of Percent's offerings. The commitment to establishing a more intelligent, accessible marketplace empowers investors to seize emerging opportunities while ensuring enhanced experiences for borrowers and underwriters alike.

Economic Contributions and Job Creation

The companies featured in the Inc. 5000 show robust growth across various sectors. Between 2021 and 2023, the top companies in this list recorded an astounding median growth rate of 100%, contributing a net addition of 9,114 jobs and a remarkable $6.7 billion to the local economy in the Northeast region.

Bonny Ghosh, editorial director at Inc., stated, “The honorees on this year's Inc. Regionals list are true trailblazers driving economic growth in their respective regions, industries and beyond.” Ghosh’s remarks illuminate the significance of such accomplishments for a thriving and vibrant economic landscape.

Recognition and Future Outlook

The accolade received by Percent follows previous recognitions received in 2023 and 2024, symbolizing consistent performance and growth in a competitive market. These rankings are determined based on impressive percentage revenue growth computed over two years, emphasizing the resilience and strategic acumen that Percent embodies.

Companies qualified for this ranking must meet specific criteria, including being established in the U.S., privately held, and independently operated as of December 31, 2023. The requirement of generating minimum revenue levels in preceding years ensures that only the most impactful organizations are recognized.

About Percent

Founded in 2018, Percent operates out of New York and specializes in unlocking private credit through innovative technological solutions. The company strives to provide unparalleled access to private credit markets, thereby empowering investors, borrowers, and underwriters to facilitate transactions efficiently and affordably. With significant backing from prominent venture capital firms, Percent is poised to revolutionize the private credit landscape, offering democratized access to an asset class that was historically reserved for large institutions.

For more information about Percent, visit www.percent.com or stay connected on LinkedIn, X, and Instagram.