The annual ranking evaluates firms across eight key sectors, including alternative financing and payments, using a scoring model based on publicly available data and corporate self-reporting. PayJoy’s inclusion acknowledges its specific focus on the emerging middle class in regions spanning Mexico, Brazil, South Africa, and the Philippines. By utilizing proprietary secured-credit technology, the firm enables first-time borrowers to establish financial records, a service critical in countries where credit history is often a barrier to economic participation.

Since its inception, PayJoy has facilitated over $3.5 billion in loans to more than 20 million individuals. CEO and Co-Founder Doug Ricket noted that the distinction validates the scale of the company’s impact on global financial inclusion. With a workforce exceeding 1,000 employees, the company continues to refine its machine learning and anti-fraud AI tools to support its point-of-sale financing models in its nine core operating markets.