BlockChyp Ranks 3rd on the UV50 Fastest Growing
September 27, 2023
BlockChyp® has been awarded 3rd place in the UV50 fastest-growing companies category from Utah Valley BusinessQ. With a phenomenal three-year growth rate of 9,181%, BlockChyp has quickly risen to prominence by offering seamless integration solutions for software partners and revolutionizing the onboarding process for merchants.
BlockChyp’s journey from inception to becoming a player in the payments industry is due to co-founders Jon Decker and Jeffrey Payne’s vision and unwavering commitment to serving Main Street merchants and simplifying payments.
CEO Decker explained their mission: “We really concentrated on mom-and-pop businesses. They have evolved into needing to take credit card payments, which is a different process than other point-of-sales.” Added Payne, BlockChyp’s CTO: “In an industry where integrity is hard to come by, a little honesty goes a long way. Main Street merchants are desperate for solutions that work reliably without hidden fees or predatory pricing.”
BlockChyp’s unique value proposition lies in its ability to simplify the integration process for software partners, reducing it to 48 hours or less, compared to the previous 3-4 months it took to integrate into a credit card processor. Furthermore, the company has streamlined the onboarding process for merchants, reducing it to less than five minutes. Decker emphasized, “It used to take 2-5 hours to get a merchant up and running, and now it is less than five minutes.”
Utah Valley Business Q highlights businesses in the Utah Valley, publishing a ranking of the 30 fastest-growing companies, the ten startups to watch, and ten economic engines. Since BlockChyp’s inception in 2019, the company has processed an astounding $1.5 billion in total payment volume and continually demonstrates a relentless commitment to innovation and excellence in the payments industry.
BlockChyp wants to thank Utah Valley Business Q for this recognition and congratulate all the winners of this year’s UV50. For the complete UV50 list and full interview of Jon Decker and Jeffrey Payne, please visit UV50