Aug 21, 2023

ProducePay makes Inc. 5000 list

ProducePay ranks in the top half of the Inc. 5000 annual list of fastest-growing private companies in America for 2023.

Additionally, ProducePay ranks No. 17 in the Environmental Services category.

The prestigious ranking provides a data-driven analysis of companies within the economy’s most dynamic segment — the independent, entrepreneurial businesses.

“It’s truly an honor to be recognized by Inc., since this not only celebrates our growth but also underscores the vital role of agricultural innovation and technology that is shaping our future,” said Pat McCullough, ProducePay CEO, in a news release. “We credit our fast-paced growth to delivering solutions that bring greater efficiency and transparency across the entire fresh produce supply chain at a time when escalating challenges such as food waste, climate change, and price volatility are impacting retailers and growers around the globe.” 

The Inc. 5000 class of 2023 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year’s top 500 companies, the average median three-year revenue growth rate ticked up to an astonishing 2,238%. In all, this year’s Inc. 5000 companies have added 1.19 million jobs to the economy over the past three years. 

“Running a business has only gotten harder since the end of the pandemic,” Inc. editor-in-chief Scott Omelianuk said in the release. “To make the Inc. 5000 — with the fast growth that requires — is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future.” 

Being named to 2023’s Inc. 5000 List comes on the heels of ProducePay’s recent ranking in Fast Company’s 2023 World’s Most Innovative Companies, Forward Fooding’s FoodTech 500, and receiving World Finance magazine’s AgTech Sustainability Award this spring. In 2022, the company grew year-over-year by 85% and grew overall transactions on its marketplace by 279%.