Rain City Capital Joins the Ranks of America's Fastest-Growing Companies on the 2024 Inc. 5000
August 13, 2024
We are thrilled to announce that Rain City Capital has been recognized on the prestigious 2024 Inc. 5000 list, ranking at No. 2858! This achievement highlights our company's impressive 177 percent revenue growth over the past three years.
In addition to our overall ranking, Rain City Capital also earned distinctions in several key categories:
#174 in Financial Services
#45 in Washington State
#36 in the Seattle Market
This marks our fourth appearance on the Inc. 5000 list in our 15-year history. View the complete list and interactive database online at inc.com/inc5000.
Honorees on the 2024 Inc. 5000 are ranked according to percentage revenue growth from 2020 to 2023, a period where companies faced challenges of inflation, rising costs of capital, hiring hurdles, and operating in a post-pandemic business environment.
Despite these challenges, the past three years at Rain City have been defined by accelerated growth. We expanded our geographic footprint from 7 to 15 states, enhanced our capital market capabilities, doubled the size of our team, and tripled originations.
For Founder Fred Rea, 2023 stands out as one of his most rewarding years to date. “In a year where informal polling had lenders down an average of 40 percent, we not only grew but were able to heavily invest in our business as well,” said Rea. “We set some lofty goals, worked hard, and ended up exceeding expectations. I honestly couldn’t be prouder of how we performed.”
Now more than halfway through 2024, Rain City has stayed on this trajectory, exceeding our origination goals and hiring more than 30 people since the beginning of the year to support our surging business. Strategic partnerships and expansion outside of our core markets in the Pacific Northwest will continue to be critical to Rain City’s growth this year. “As more potential clients become familiar with our offering, we are well situated to continue our expansion efforts, said Rain City CFO Richard Wallace. “Our growth will really be seen in 2024.”
“We set some lofty goals, worked hard, and ended up exceeding expectations. I honestly couldn’t be prouder of how we performed.”
- Fred Rea, Founder
Rain City Capital remains committed to our mission of Real and Lasting Mutual Success, a philosophy central to our operations and company culture—and one that’s a key component of our success.
“We believe in each and every deal we underwrite,” said Wallace. “This has been key to our long-running success. Our clients know they have not only a knowledgeable partner in us, but an engaged one as well. This hands-on approach is what keeps our borrowers coming back as repeat clients, and we take that responsibility very seriously.”
We are proud of what we have accomplished and excited about what lies ahead. Thank you for your continued support and congratulations to all our fellow honorees on this year’s Inc. 5000!