No. 3: Paystand Inc. 

• Growth rate: 411%

• 2018 revenue: $1,909,025

• 2019 revenue: $4,452,965

• 2020 revenue: $9,746,872

Company description: Using blockchain and cloud technology, the financial technology company has pioneered payments-as-a-service to automate the enterprise cash cycle. 

CEO: Jeremy Almond

Industry: Financial technology

Headquarters: Scotts Valley

Employees in 2019: 27

Employees now: 119

Website: paystand.com

To what do you attribute your growth over the last three years?

In August 2020, Paystand announced record-setting growth of 1,007% and 150 new enterprise customers. 

For the past three years, Paystand has seen an acceleration in growth as a direct result of a critical business need to better manage payments and cashflow — something the company’s software provides by helping unlock billions in economic value that is held up in overdue receivables and siphoned away by outdated accounts receivable processes and payment fees.