Leasepath has announced another year of growth, marking the third consecutive year of total revenue growth at or above 45% annually. Leasepath also added several new customers and booked over 400 new user seats on its market solution for Lease and Finance Originations on Microsoft Dynamics 365 for Sales.
“ARR (annual recurring revenue) from SaaS sales grew by 51% in 2022,” said Jeffrey Bilbrey, CEO, “and we invested every bit of that back into the company by hiring more teammates, continuing significant R&D spend on new IP coming this year, and providing training and professional development to all our teammates.”
To keep up with growth, Leasepath, the cloud-first Intelligent Workplace Finance Origination (LOS) and Customer Engagement (CRM) platform built for asset finance, also increased its team size by 40% in 2022, adding new teammates in delivery, development, quality assurance, operations, and customer success.
“Sustaining such compound annual growth presents distinct challenges, so we’ve really focused on building best practices to bolster our efficiency and improve our focus on delivery excellence. We are grateful to all our customers that worked hand-in-hand with us to achieve so much implementation success this past year,” said Michael Baez, VP of Customer Strategy and Professional Services.