Inc. magazine today revealed that Eltropy, the leading AI-powered unified conversations platform for community financial institutions (CFIs), is No. 23 on its fourth annual Inc. 5000 Regionals: Pacific list, the most prestigious ranking of the fastest-growing Pacific private companies, based in California, Oregon, Washington, Hawaii, Alaska. The award is the result of Eltropy’s remarkable 622% revenue growth from 2020 to 2022.
Born of the annual Inc. 5000 franchise, the regional list represents a unique look at the most successful companies within the Pacific economy’s most dynamic segment — independent small businesses.
Eltropy’s significant growth underscores the strong demand for its advanced digital communication solutions, favored by over 600 clients and continuing to expand. This uptick reflects the pressing need among community banks and credit unions to improve member engagement and streamline operations, particularly in today’s mobile-centric landscape.
The companies on the Inc. Regionals list show a remarkable rate of growth across all industries in the Pacific region. Between 2020 and 2022, these 170 private companies had an average growth rate of 162.77 percent; by 2023, they’d also added 10,689 jobs and $5.5 billion to the region’s economy.
“The widespread adoption of mobile-centric lifestyles, regardless of location, has been a major factor in propelling our growth,” said Ashish Garg, Co-founder and CEO of Eltropy. “Our mission is to positively impact the lives of 100 million Americans through our technology, through North America’s incredible community financial institutions, ensuring their members’ easy access to the top financial products and services, anytime, anywhere. This award from the 2024 Inc. Regionals is a testament to our customers and the progress we’re making there.”
He added: “We intend to build on the momentum from this recognition in driving sustainable growth, impacting double, triple, even ten times the 600 community financial institutions we are now serving.”
Complete results of the Inc. 5000 Regionals: Pacific, including company profiles, can be found at https://www.inc.com/regionals/pacific.
“The honorees in our Inc. 5000 network are the Who’s Who of private companies,” said Eric Hagerman, Special Projects Editor at Inc. Media. “They’re energizing regional economies as they engineer the future of their industries. Learn who they are and what they do — they’ll be impacting things for a while.”
Eltropy’s impressive ascent to the top reflects the company’s unwavering commitment to transforming the digital communications landscape for credit unions and community banks with the power of Generative AI and an industry-first unified platform for digital conversations.
About Eltropy
Eltropy is the industry’s first AI-driven, unified conversations platform for community financial institutions (CFIs). Its AI-driven communications tools empower CFIs to communicate, automate, improve operations and engagement, and increase productivity across the institution – all while maintaining the highest standards of security and compliance. Using Eltropy’s platform, CFIs can connect with their consumers anytime, anywhere via text, video, secure chat, co-browsing, screen sharing, and chatbot technology — all integrated into a single platform. For more information, please visit eltropy.com.
More about Inc. and the Inc. 5000 Regionals
Methodology
The 2024 Inc. 5000 Regionals are ranked according to percentage revenue growth when comparing 2020 and 2022. To qualify, companies must have been founded and generating revenue by March 31, 2020. They had to be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2020 is $100,000; the minimum for 2022 is $1 million. As always, Inc. reserves the right to decline applicants for subjective reasons.
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers and the credibility that helps them drive sales and recruit talent.
The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
