|By Business Wire||
|August 21, 2014 09:07 AM EDT||
Inc. magazine recently acknowledged FactorTrust as one of the nation's fastest-growing private companies for the second year in a row. The leading provider of underbanked consumer data, analytics and risk scoring solutions ranked No. 3842 on the 33rd annual Inc. 500|5000, a list that represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs.
“FactorTrust is focused on providing the most comprehensive insight regarding underbanked consumers in the U.S.,” explained Greg Rable, FactorTrust CEO. “This recognition as a fast growing company is proof that the alternative data ecosystem is evolving and becoming imperative for lenders who want to make informed and educated lending decisions while expanding their reach to new customers.”
There are more than 50 million underbanked consumers in the U.S., and lenders across the country are continually faced with the challenge of how to effectively and intelligently offer financial solutions for this segment. By partnering with FactorTrust, lenders can broaden their customer base and gain more insight on potential customers’ financial habits to offer more appropriate, cost-effective credit products. Over the past three years, FactorTrust’s sales grew by 80 percent, earning its place on Inc.’s prominent list.
To view the Inc. 500|5000, please visit www.inc.com/inc5000.
FactorTrust has compiled the most comprehensive data on the underbanked market in the industry through lending portfolios that report data daily, in real time. This daily loan performance data on millions of underbanked consumers is analyzed and combined with leading third-party data attributes in order to provide instant lending decisions using the company’s comprehensive scoring platform. Lenders are continually faced with the challenge of how to effectively and intelligently manage risk to capitalize on this segment. This analysis uses data not typically reported to the credit bureaus, and is invaluable in helping consumers have access to better borrowing options, while also providing a more accurate assessment of the consumer for lenders. For more information, please visit www.factortrust.com or contact FactorTrust at 1-866-910-8494.
About Inc. and the Inc. 500|5000
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today. For more information, visit http://www.inc.com/ .
The Inc. 500|5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list of the nation's most successful private companies has become the hallmark of entrepreneurial success. The Inc. 500|5000 Conference & Awards Ceremony is an annual event that celebrates their remarkable achievements. The event also offers informative workshops, celebrated keynote speakers, and evening functions.
For more information on Inc. and the Inc. 500|5000 Conference, visit http://www.inc.com/.
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