CoinFlip Ranks No. 5 on Inc. Magazine's List of Midwest Region's Fastest-Growing Private Companies

The company reported 2,452% two-year growth next to the list's average growth rate of 147% percent

CHICAGO, March 25, 2022 /PRNewswire/ -- Last week Inc. magazine revealed that CoinFlip ranked No. 5 on its third annual Inc. 5000 Regionals Midwest list, amongst the most prestigious rankings of the fastest-growing private companies based in Iowa, Illinois, Indiana, Kansas, Michigan, Minnesota, Missouri, North Dakota, Nebraska, Ohio, South Dakota, and Wisconsin. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the Midwest's most dynamic segment–its independent small businesses.

"The Midwest, specifically Chicago, was always part of the larger CoinFlip growth plan. Since we founded the company in 2015, we saw the city's promise of innovation and growth for a budding startup in an emerging industry. We're honored to be recognized on the frontline of that innovation in the Midwest and look forward to carving a path for Chicago to evolve as a tech hub," said Ben Wiess, CEO and founder of CoinFlip. "We were also thrilled to be recognized by the franchise as No. 60 on the national Inc. 5000 rankings this past year and look forward to our company's continued long-term growth and success."

The companies on this list show a remarkable rate of growth across all industries in the Midwest region. Between 2018 and 2020, these 144 private companies had an average growth rate of 147% percent and, in 2020 alone, they added 19,821 jobs and nearly $11.7 billion to the Midwest region's economy. Companies based in the Chicago, Illinois, Noblesville, Indiana, and Overland Park, Kansas, areas had the highest growth rate overall.   

Complete results of the Inc. 5000 Regionals Midwest, including company profiles and an interactive database that can be sorted by industry, metro area, and other criteria, can be found at inc.com/midwest starting March 15, 2022.

"This year's Inc. 5000 Regional winners represent one of the most exceptional and exciting lists of America's off-the-charts growth companies. They're disrupters and job creators, and all delivered an outsize impact on the economy. Remember their names and follow their lead. These are the companies you'll be hearing about for years to come," says Scott Omelianuk, editor-in-chief of Inc.

Named the No. 1 fastest-growing company in Chicago by Crain's Chicago Business, CoinFlip had a five-year growth rate of 1,715,091.9%, a revenue of $50 million in 2020 and nearly $100 million in 2021. As previously mentioned, the company also ranked No. 60 on the Inc. 5000, the highest-ranking crypto company included on the list. Since inception, the company has expanded to over 3,500 ATMs across 49 states, taking its place on the frontline of a financial revolution where cryptocurrency and blockchain technology can empower investors across the country.

For more information about CoinFlip, please visit www.CoinFlip.tech and join the conversation on Facebook, Twitter, Instagram and LinkedIn.

About CoinFlip:
CoinFlip is a leading financial services platform focused on the digital economy. The company operates the world's largest network of cryptocurrency kiosks by transaction volume with over 3,500 machines across 49 states supporting the buying and selling of major cryptocurrencies with cash. In 2020, CoinFlip launched Trade Desk, an over-the-counter trading service that provides investors a personal account manager and competitive coin pricing. The company does not charge hidden fees, cuts typical transaction fees by as much as half, and provides 24/7 customer support.

CoinFlip was founded in 2015 by Daniel Polotsky, Kristoffer Dayrit, Alan Gurevich, and Benjamin Weiss. Headquartered in Chicago, CoinFlip placed 60th on the 2021 Inc. 5000 list as the top-ranked cryptocurrency company, was named the 2021 #1 fastest-growing company in Chicago by Crain's and was awarded the 2021 Silver Stevie ® Award for Customer Service. For more information about CoinFlip, please visit www.CoinFlip.tech.

More about Inc. and the Inc. 5000 Regionals
Methodology
The 2022 Inc. 5000 Regional are ranked according to percentage revenue growth when comparing 2018 and 2020. To qualify, companies must have been founded and generating revenue by March 31, 2018. 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 2018 is $100,000; the minimum for 2020 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.

SOURCE CoinFlip