BERWYN, PA - 12/04/2015 (PRESS RELEASE JET) -- Prepay Nation, a leading provider of cross-border prepaid mobile airtime transfers, has once again been recognized for its market-leading growth trajectory over the past year. Deloitte, which has been publishing its premier rankings of rapid growth public and private companies for the past 20 years, named Prepay Nation the 7th fastest growing telecommunications company in North America, and 191st overall across five burgeoning market sectors.
Prepay Nation has a history of rapid growth, in the past being recognized in the top 100 fastest-growing private companies in America by the Inc. 500 (2014), the top 50 most promising companies by Forbes (2014), and the #1 fastest growing private company in the greater Philadelphia area by the Philly 100 (2013). The company, which partners with mobile network operators around the globe to make prepaid mobile top-ups for their subscribers available for purchase by friends and loved ones abroad, has been pursuing a strong expansion strategy. Prepay Nation’s growth is particularly fueled by their singularly flexible proprietary technology platform, their keen vision of their industry’s potential, and the growing market demand from immigrant populations across North America, Europe and the Middle East who seek to support their loved ones back home.
“We are seeing an ever greater demand, both from expatriate consumers seeking to send help home to their friends and family, and also from mobile networks keen to expand their product availability outside of their operational borders,” commented Anurag Jain, CEO of Prepay Nation. “With over 200 mobile networks already integrated into our ecosystem and over 200,000 retail shops selling those top-ups to diaspora populations across the world, it is no wonder that more and more operators, distributors, and retailers are connecting to us and meeting that market need.”
“We are honored by Deloitte’s recognition of our hard work, and look forward to even more success ahead,” Jain added.
Speaking of the rankings, Sandra Shirai, principal at Deloitte Consulting, said, “The technology space is constantly, and rapidly, evolving as new startups and overnight sensations enter the market delivering goods and services on a quicker and cost-effective scale. The 2015 Deloitte Technology Fast 500 winners have demonstrated remarkable innovation and at the same time have had a profound impact on businesses large and small.”
About Prepay Nation
Prepay Nation is a growth company in the business of enabling the transfer of small values from one person to another (P2P) across international borders. Prepay Nation utilizes the prepaid mobile ecosystem to send value in the form of international airtime. With over 200 mobile operator partnerships in 94 countries and diverse distribution channels spanning over 175,000 locations in the US, Canada, Europe and Middle East, Prepay Nation provides a valuable service to expatriates who financially support their loved ones back home. Prepay Nation’s unique business model, scalable multi-currency processing platform, and global interconnectivity with mobile operators and other digital service providers provides instantaneous and no-fee value transfers for consumers and a significant revenue opportunity for distributors. To read more, visit www.prepaynation.com.
About The Deloitte Fast 500
The Technology Fast 500 is the leading technology awards program. Combining technological innovation, entrepreneurship, and rapid growth, Fast 500 companies—large, small, public, and private—hail from cities far and wide across North America, and are disrupting the technology industry. Representing industries from software to biotech, Fast 500 companies play in the SaaS, cloud computing, data analytics, and mobile sectors. For more information, browse the Deloitte report here (PDF).