Recognized among the Top 100 High-Growth Privately-Held U.S. Businesses
FORT WORTH, Texas (Feb. 06,2013) – Think Finance, a developer of next-generation financial products that help people manage life’s everyday expenses, today announced that it ranked second overall on Forbes’ list of America’s Most Promising Companies. The second-annual list recognizes the top 100 privately held, high-growth companies with bright futures.
“We are thrilled that Forbes recognized Think Finance as the number two company on its list of America’s Most Promising Companies,” said Think Finance Chief Executive Officer Ken Rees. “This ranking is a reflection of the success we have achieved in addressing the needs of a significant and growing gap in the marketplace, while adhering to our commitment to responsible lending and innovation.”
Forbes’ Most Promising assessment, conducted in partnership with data research firm CB Insights, is based on growth (both in sales and hiring), quality of management team and investors, margins, market size and key partnerships. The 100 companies selected for the list were culled from thousands of applications reviewed over the course of six months.
The top 50 companies appear in the February 11 print issue of Forbes, and the full list of 100 Most Promising Companies is available online here: http://www.forbes.com/promising-companies/
One metric never says it all. For the Most Promising list, FORBES strove for a holistic gauge of young, privately-held companies, trying to pin down their trajectories by looking at a slew of variables. Over the course of six months FORBES reviewed thousands of applications. The final assessment is based on growth (both in sales and hiring), quality of management team and investors, margins, market size and key partnerships. FORBES turned to CB Insights, a Manhattan-based data research firm that specializes in assessing private companies, to refine the search. Their MOSAIC software scans 45,000 sources to measure a company’s health. A new distribution deal, for example, marks a positive signal, while the loss of an executive is a negative. MOSAIC gathers those myriad signals into a final score that FORBES uses as an initial guide in producing the list. After verifying sales numbers, speaking with each company and debating their merits and blemishes, FORBES produces a final ranking.
About Think Finance
Think Finance is a leading developer of next-generation financial products for underbanked consumers. The company’s products provide increased convenience, transparency and value to the millions of consumers whose needs are not being met by traditional banking products. Think Finance is privately held, with offices in Fort Worth and Dallas, Texas and the United Kingdom, and is backed by some of Silicon Valley’s most respected venture capital firms including Sequoia Capital and Technology Crossover Ventures. To learn more, please visit www.ThinkFinance.com.