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Inc Magazine Recognizes Ripple as One of Fastest-Growing Companies in America

UTC by Ibukun Ogundare · 2 min read
Inc Magazine Recognizes Ripple as One of Fastest-Growing Companies in America
Photo: Ripple / Twitter

Less than a month after the Fortune listing, Ripple received another recognition from Inc Magazine.

American business magazine Inc Magazine has recognized payment protocol Ripple as one of the fastest-growing companies in America. The magazine recently released “the Inc. 5000 Companies,” which comprises exploding companies and their leaders. Out of the 5,000 companies Inc magazine highlighted on this year’s list, Ripple is in the 2,456th position. The payment protocol attained the position after rising 236% over the past year. 

Ripple has undoubtedly been making ways for itself and positioning itself at remarkable levels. Before Inc Magazine released its list, Fortune referred to Ripple as one of the best medium workplaces. The blockchain company climbed to 34th on this year’s list, rising over its previous position in 2021. Fortune determines the best workplaces by collaborating with global data analytics and consulting firm Great Place to Work. The joint forces could evaluate each company’s level with their data. While acknowledging Ripple as the best medium workplace, Fortune said the blockchain company has a total of 575 employees across the globe. Also, the company is fervent in expanding its reach despite its long-running legal battle with US regulators. Ripple CEO Brad Garlinghouse sounded fulfilled with the achievement, stating that it is “always nice to get a little third-party validation.” 

Ripple Positioned a Fast-Growing Private Company by Inc Magazine

Less than a month after the Fortune listing, Ripple received another recognition from Inc Magazine. On top of the Inc Magazine fastest-growing company in America is crypto lender BlockFi. Although the crypto lender is currently restructuring by laying off some employees, the company was moving at a great pace before the crypto winter BlockFi grew 245,616% in the last 12 months to attain the top of the Inc Magazine’s list. In the midst of its embattlement, crypto company FTX.US has agreed to acquire BlockFi for up to $240 million. 

Following BlockFi on the list is healthcare staffing company SnapNurse with 146,319%. With BlockFi topping the list, SnapNurse was second, and logistics company Cdl 1000 occupied third place. 

In 2020, Ripple occupied 123rd place among the 5,000 fastest-growing companies in America by Inc Magazine. The magazine said the blockchain company rose 3,039% over the last three years to fall within the first two hundred. In December 2019, Ripple’s valuation rose to $10 billion. The valuation came after the company concluded its $200 million Series C financing round. When Inc Magazine placed Ripple in the 123rd position, the Ripple network, RippleNet, had processed over 2 billion transactions with a notional value of $7 billion. 

Blockchain News, Business News, News
Ibukun Ogundare

Ibukun is a crypto/finance writer interested in passing relevant information, using non-complex words to reach all kinds of audience. Apart from writing, she likes to see movies, cook, and explore restaurants in the city of Lagos, where she resides.

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