Alpine IQ has cemented itself as a national leader, earning the title of 10th fastest-growing company in America on Inc.’s Top 5,000 list out of 33 million businesses in the United States.
With a blistering 16,469% revenue growth rate, the Colorado-based startup with an all-in-one platform that combines omni-channel messaging, loyalty programs, and customer data into a complete retail growth engine, claims the crown as the fastest-growing company in its home state and the second-fastest growing software company in the nation.
Founded by Nicholas Paschal, Shahzil Abid, and West Paschal, Alpine IQ has shattered expectations, catapulting its revenue from $150,000 in 2020 to $26 million in 2023.
That’s an increase of 173 times.
Now with a team of over 90 dedicated professionals and more than $35 million in annual recurring revenue, Alpine IQ is hungrier than ever to push the boundaries of innovation.
The company obliterated the industry’s Rule of 40, doubling it with a combined revenue growth rate and profit margin of 85%.
This is even more remarkable, given Alpine IQ’s lifetime funding burn of just $750,000.
“Dirty data—incorrect or duplicate consumer information—is one of the biggest obstacles to operating a successful customer loyalty program,” said Nicholas Paschal, CEO of Alpine IQ.
“When the pandemic brought brick-and-mortar sales to a standstill, many retailers were left struggling. But we saw an opportunity. By partnering with leading point-of-sale systems and retail platforms, we developed a system that not only cleans up dirty data but sets a new industry standard, empowering retailers with accurate customer information. This has resulted in our clients experiencing 85% growth in loyalty member enrollment, 49% of revenue generated from members and 15% increase in average transactions – all in, a substantial increase in sales and customer retention.”
Today, Alpine IQ partners with over 4,000 storefronts, driving a gross merchandise value of $32 billion. As a testament to its vibrant culture, Alpine IQ has also earned certification as a Great Place To Work.
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