BlueSnap Honored as Boston Business Journal 2023 Middle Market Innovator of the Year
Leading Global Payment Orchestration Platform recognized for innovative payment solutions that help businesses maximize revenue and reduce costs
Boston, MA March 28, 2023 — BlueSnap, a global payment orchestration platform committed to helping B2B and B2C businesses accept and optimize payments around the world, has been named Boston Business Journal 2023 Middle Market Innovator of the Year, as well as one of the Boston Business Journal’s Middle Market Leaders, a ranking of the 50 highest growth companies in Massachusetts.
The Boston Business Journal’s Innovator of the Year award honors a middle market leader who has taken unique and innovative approaches to navigate turbulence, change or overall business strategy.
Recognizing the challenges brought about by the pandemic and economy difficulties facing businesses, BlueSnap’s mission is to bring global payment capabilities to B2B and B2C businesses that helps them accelerate growth by increasing their revenue and reducing operational costs.
BlueSnap’s Global Payment Orchestration Platform allows eCommerce merchants to make the most of every potential sale by decreasing checkout abandonment by providing the latest local payment methods while increasing authorization rates and avoiding costly cross-border fees with their Intelligent Payment Routing technology that ensures each payment is processed in the most efficient manner possible.
At the start of the pandemic, when businesses were struggling with manual processes that were impeded by lockdowns, BlueSnap quickly onboarded businesses, providing them with automated accounts receivable solutions for billing and invoicing. These businesses were able to quickly pivot to automated AR processes that allowed for more predictable positive cash flow and forecasting abilities.
And last year, to support the growing need of software companies to drive more revenue growth, enhance user experience and increase product stickiness, BlueSnap launched a suite of embedded payment-as-a-service products that allows global software companies to add payment functionality directly into their software platform and reap all the benefits of payment facilitation, without all the headaches.
“I am extremely proud BlueSnap has been recognized as the BBJ’s Innovator of the Year. We have continued to grow with product innovations, new customer wins and strategic partnerships. This award is a direct effect of all our hard work,” said Ralph Dangelmaier, CEO of BlueSnap. “We are proud to partner with several successful growing companies, and we look forward to building on this momentum over the coming year and beyond.
The Middle Market Leaders list is compiled through BBJ research and includes both private and public companies across industries such as life sciences, technology, construction, professional services, and more. To qualify, companies must report annual revenue between $25 million and $1 billion from 2019 to 2021. The BBJ ranking of firms uses a weighted final score that incorporates three-year growth and a company’s total revenue.
The program also included awards for the Middle Market Dealmaker of the Year and Executive of the Year. BlueSnap’s rank was unveiled during the BBJ’s 2023 Middle Market Leader Awards luncheon event on Tuesday, March 21st at the Boston Park Plaza and in a special publication on Friday, March 17th.
“The middle market segment is vital to the Boston economy and we are proud to showcase these companies for their growth and resilience” said Boston Business Journal Market President and Publisher?Carolyn Jones. “The lessons we can learn from their successes can provide insight and inspiration for anyone doing business today.”
The Boston Business Journal is the region’s premier business media organization, one of 44 markets owned by American City Business Journals. For marketing and sponsorship opportunities, contact the Business Journal today.
BlueSnap helps businesses accept global payments a better way. Our Global Payment Orchestration Platform is designed to increase sales and reduce costs for all businesses accepting payments.? BlueSnap supports payments across all geographies through multiple sales channels such as online and mobile sales, marketplaces, subscriptions, invoice payments and manual orders through a virtual terminal.?? And for businesses looking for embedded payments, we offer white-labeled payments for platforms with automated underwriting and onboarding that supports marketplaces and split payments. With one integration and contract, businesses can sell in over 200 regions with access to local card acquiring in 47 countries, 100+ currencies and 100+ global payment types, including popular eWallets, automated accounts receivable, world-class fraud protection and chargeback management, built-in solutions for regulation and tax compliance, and unified global reporting to help businesses grow. BlueSnap is backed by world-class private equity investors including Great Hill Partners and Parthenon Capital Partners. Learn more at?BlueSnap.com.