Maxwell named one of America’s fastest-growing private companies

It enters the Inc. 5000 list for the third year

Maxwell named one of America’s fastest-growing private companies

Mortgage fintech company Maxwell has ranked as one of Inc. 5000’s fastest-growing private US companies in 2023.

The digital platform – used by 100s of mortgage lenders, banks, and credit unions nationwide – made the elite list with a 658 ranking and earned spots as the 39th fastest-growing financial services company and 17th fastest-growing company in Colorado.

The Inc. 5000 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year’s top 500 companies, the average median three-year revenue growth rate skyrocketed by 2,238%. In all, this year’s Inc. 5000 companies have added more than 1.2 million jobs over the past three years.

“Running a business has only gotten harder since the end of the pandemic,” Inc. editor-in-chief Scott Omelianuk said. “To make the Inc. 5000—with the fast growth it requires—is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future.”

Maxwell has secured over $50 million from Wells Fargo Strategic Capital, Fin VC, Thomvest, and TTV Capital to enhance its platform and product development. The company also recently acquired LenderSelect Mortgage Group, growing its team to 150 members nationwide.

Read more: Mortgage’s Goliath? Meet David

“It’s an honor to be recognized on the Inc. 5000 list for the third year in a row,” said Maxwell CEO John Paasonen. “Equitable access to homeownership is one of the most pressing issues our country faces today, and we’re incredibly proud of the tireless work our team has put into our suite of solutions that power local lenders. Despite the current housing market conditions, Maxwell’s sustained growth validates the impact we’re having on everyday Americans buying homes.”

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