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International Internet Magazine. Baltic States news & analytics Monday, 01.06.2020, 20:32

Financial Times ranks Printify among America's Fastest-Growing Companies 2020

BC, Riga , 07.04.2020.Print version
The Latvian-founded e-commerce company Printify is included in the Financial Times America's Fastest-Growing Companies 2020, which was published today. Printify was ranked in high 15th place in the overall top and in 5th place in the category of technology companies. The list included 500 companies that are independent and revenue growth between 2015 and 2018 was primarily organic.

Full list of America's Fastest-Growing Companies 2020: www.ft.com/reports/americas-fastest-growing-companies

 

"Our team has worked hard to provide our Printify e-commerce platform clients with smart tools to grow their business. We have grown both individually and as a company, and we are very honored that our development process is valued globally and serves as a good example for other startups. Given that there are millions of successful companies in the US, it is very gratifying that Printify has entered the Financial Times top, where we are ranked in the high 15th place. Such recognition indicates that the service we offer is valued, which is an important reference point that will help us plan our activities in the future as well,” says James Berdigans, the Founder and CEO of Printify.

 

The Financial Times inaugural ranking has been developed in collaboration with market research company Statista. The rank focuses on innovative companies in North and South America that have experienced rapid business and product development and meets the following criteria: revenue of at least USD 100.000 generated in 2015, the revenue of at least USD 1.5 mln generated in 2018, the company is independent (the company is not a subsidiary or branch office of any kind), the company is headquartered the US, the revenue growth between 2015 and 2018 was primarily organic (i.e. "internally" stimulated). The results were achieved by conducting months of research, public calls, intensive database research and directly contacting tens of thousands of companies. Based on the data obtained, Printify ranks in high 15th place in the overall top and in 5th in the category of technology companies.

 

“Thanks to the network of print partners in the US, we are able to reduce the business risks associated with the impact of COVID-19 and continue fulfillment of products. Already in March, we developed an additional feature that allows our clients to automatically route orders to another facility if production processes are interrupted in one of the partner locations. We are currently monitoring market dynamics and potential risks, as well as we continue to invest in product development to use this changing global situation and expand Printify's market share,” shares Artis Kehris, the Co-Founder and COO of Printify.

 

Although Financial Times America's Fastest-Growing Companies 2020 has been done for the first time, in early March the media published a similar list of 1000 successful European companies. Estonian-based companies Bolt and Pipedrive, which recently acquired the Latvian startup Mailigen, were included in the European top. Pipedrive Co-founder Ragnar Sass and Bolt Founders Markus Villig and Martin Villig are also Printify investors. Artis Kehris adds: "The admittance in both rankings shows the strength and determination of Baltic entrepreneurs, and we are also very pleased with the achievements of neighboring companies."

 

Printify achieved strong growth last year and was included in the Inc.'s annual guide to the 5000 fastest-growing privately held companies in the US., and in March was included in the Forbes America's Best Startup Employers in 2020. Printify is currently one of the Latvian-led companies that have earned the most positive attention in the major American business media.

 

Printify's parent company and main market are located in the US, but the company's strategic center and team are physically located in Riga. Printify provides an e-commerce platform that connects small businesses and artists with manufacturers and printers around the world, helping them earn tens of millions of dollars a year.

 

 






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