FPN ranked TOP FRANCHISE SUPPLIER in Entrepreneur Magazine two years in a row!
Why we’re grateful for our ranking…
Think about this for a moment… FPN out-ranked companies like World Pay, Square, First Data, Bank of America, Wells Fargo, and Paypal.
- World Pay is a $2.7 Billion company with 10,000 employees
- First Data is a $6 Billion company with 25,000 employees
- Square was founded by Jack Dorsey, who started Twitter and has taken in over $600 Million in investment money
- PayPay was founded by Peter Theil, who is also on the board of Facebook and has Elon Musk (Space X and Tesla) as a board member and investor
FPN, on the other hand, was founded in 2006 and has about 30 employees. Our fearless CEO, Tom Epstein, started FPN from a severance package and stock option funds. Since then, FPN has never taken on an outside investor, but instead grows steadily over the years.
How did FPN rank amongst these giants?
Simple — FPN doesn’t have 30,000 employees with a bunch of shareholders to answer to. As a company, we are nimble and can make decisions on product and procedures very quickly as our clients need them. We have a vision to service each franchisor and franchisee to extreme satisfaction — often at the detriment of our P and L — just to keep them happy.
We have a small, but passionate team who understands we are working with people. People who are entrepreneurs. People who have invested everything they have into their business. People who have also bootstrapped their own franchise and are depending on vendors like us help them run their businesses and become profitable. In a weird way, the other companies we are listed with are the very reason FPN exists.
Not to take anything away from those other guys — they all have great business models — it’s just not who we are or honestly who we want to be. FPN will never be the biggest merchant processor company, nor do we want to be. Our goal is only to be the best and to never forget that our merchant partners/clients are the reason we are here.
In closing, a very big Thank You goes out to all of our merchant partners/clients, both big and small. Over the years, you have trusted FPN to move your money safely between your account and your customers! We are here because of you and for you, always.