Ibotta Named One of Fastest-Growing Private Companies in U.S. by Annual Inc. 5000 List
DENVER, Aug. 12, 2020 /PRNewswire/ -- Ibotta, the leading mobile rewards platform in the United States, is excited to announce that for the third year in a row, it has made the Inc. 5000 list of the fastest-growing private companies in America. With a ranking of 1,110, Ibotta cemented its place in the top 25 percent of the country's most successful companies. The distinguished honor comes nearly ten years after CEO Bryan Leach left a high-powered career as a trial lawyer to pursue a dream of creating a mobile rewards app that makes every purchase rewarding. With this third recognition, Ibotta joins a prestigious group of companies that includes heavyweights like Microsoft, Zappos.com, Dell, and many other household names.
"The impact of COVID-19 over the last few months has reinforced our mission to make every purchase rewarding," said Bryan Leach, CEO and founder, Ibotta. "We know our Savers need the extra support now more than ever, and this recognition is a positive reminder of all we've accomplished and encourages me as we push for even more in 2020 to support our community at a time when they need it most."
As the only consumer tech unicorn in Colorado, Ibotta's ranking on the 2020 Inc. 5000 List validates the mobile shopping app's continued growth. In the last seven months alone, Ibotta has expedited a series of new features and programs, including its Here to Help campaign, which committed over $10 million in essential cash back offers, the launch of Grocery Pickup & Delivery, a new way for consumers to earn cash back through popular grocery stores and delivery services, as well as the development of Ibotta Go, which provides emerging CPG brands with access to millions of customers through straightforward, affordable cash back rewards programs. Ibotta also recently launched a massive back-to-school shopping program designed to support families, students and teachers ahead of an uncertain school year. With no plans to slow this momentum, Ibotta will continue to prioritize programming that provides consumers with cash back on every purchase, whether they're shopping in-store, online or from their computer.
To qualify for the Inc. 5000 List, companies had to be privately owned, established in the first quarter of 2016 or earlier, and garnered revenue no less than $2 million in 2019.
"The companies on this year's Inc. 5000 come from nearly every realm of business," says Inc. editor-in-chief Scott Omelianuk. "From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism."
About Ibotta, Inc.
Headquartered in Denver, CO, Ibotta ("I bought a...") is a free-to-use cash back rewards platform that has delivered more than $700 million in cumulative cash rewards to its users for making purchases in-store, on mobile apps or via websites. Launched in 2012, Ibotta has more than 38 million downloads, is one of the most frequently used shopping apps in the United States, and offers cash back on purchases at more than 1,500 leading brands and retail partners. Ibotta was named to the 2020 Inc. 5000 list of fastest-growing private companies in the U.S. for the third year in a row, after debuting on the list in 2018, and the company has also been named as a Top Workplace by The Denver Post three years in a row.
More about Inc. and the Inc. 5000:
Methodology
The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2019 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
About Inc. MediaThe 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.
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SOURCE Ibotta
