NEW YORK, August 13, 2024 – Inc. revealed today that OptiFunder ranks No. 1310 on the 2024 Inc. 5000, its annual list of the fastest-growing private companies in America, making it the fast-growing private mortgage tech company.
"Securing a place on the Inc. 5000 list is a significant achievement," stated CEO Michael McFadden. "To be recognized for a second consecutive year is an even greater testament to our success. Last year, we set a high standard with our remarkable growth over the first three years. Despite facing one of the most challenging markets in our industry, we have sustained that momentum, earning our spot on the list once again. This accomplishment reflects the deep commitment of our team."
The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses. The Inc. 5000 class of 2024 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges.
"Making the Inc. 5000 list again is a testament to our incredible team and dedication," stated Brian Abbott, COO of OptiFunder. "The past few years have presented challenges to the industry, characterized by elevated rates and increased costs. Despite these hurdles, OptiFunder has experienced sustained growth, driven by our commitment to incorporating feedback from clients and partners. We are equipping mortgage professionals with the essential tools for success in uncertain times, while pioneering new connections across the entire industry."
Among this year’s top 500 companies, the average median three-year revenue growth rate is 1,637 percent. In all, this year’s Inc. 5000 companies have added 874,458 jobs to the economy over the past three years. For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000.
“One of the greatest joys of my job is going through the Inc. 5000 list,” says Mike Hofman, who recently joined Inc. as editor-in-chief. “To see all the intriguing and surprising ways that companies are transforming sectors, from health care and AI to apparel and pet food, is fascinating for me as a journalist and storyteller. Congratulations to this year’s honorees, as well, for growing their businesses fast despite the economic disruption we all faced over the past three years, from supply chain woes to inflation to changes in the workforce.”
About OptiFunder
OptiFunder, founded in 2018, is a leading innovator in the mortgage industry, offering real-time, data-driven solutions to optimize loan funding and connect stakeholders in the warehouse funding process. Their automated Warehouse Management System (WMS) streamlines data submission between originators, warehouse lenders, and capital markets. Building on the success of its WMS, OptiFunder launched Greyhound, a modern management system for warehouse lenders that enhances efficiency, security, and scalability. OptiFunder is committed to delivering advanced solutions that address the evolving challenges of the mortgage industry and bridge the gap between the primary and secondary markets.
More about Inc. and the Inc. 5000
Methodology
Companies on the 2024 Inc. 5000 are ranked according to percentage revenue growth from 2020 to 2023. To qualify, companies must have been founded and generating revenue by March 31, 2020. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2023. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2020 is $100,000; the minimum for 2023 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.
About Inc.
Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work achieves a monthly brand footprint of more than 40 million across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since its launch as the Inc. 100 in 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.