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NEW: RI’s Swipely Makes Forbes’ ‘Most Promising Companies’ List

Wednesday, February 06, 2013

 

Providence-based Swipely just earned a huge honor by landing a spot on Forbes Magazine's list of "America's Most Promising Companies".

An up-and-coming Rhode Island company has just made history: landing a spot on Forbes Magazine’s prestigious list of “America’s Most Promising Companies.”

Swipely, a Providence-based company that “helps local merchants accept payments, understand customers and grow sales” was chosen from thousands of applicants and recognized on a list that singles out companies with compelling business models, strong management teams, notable customers, strategic partners and investment capital.

With the disction, Swipely became the first Rhode Island company ever named to the list and has done so less than a year after it introduced its key product which turns payment processing into a series of analytics and marketing tools without increasing cost.

The company has maintained a steady growth over recent quarters, growing by more than half each quarter and is estimated to now have over $400 million in sales under its management with merchants who work with over 875,000 customers.

"Swipely's vision is to bring powerful, simple and affordable online tools to offline businesses. Today's recognition by Forbes validates both our huge opportunity, and our traction with customers," said Angus Davis, founder and CEO of Swipely. "As the first Rhode Island company ever named to the Forbes list, I am especially proud of our winning team."

 

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