Kenect Named to MountainWest Capital Network's 2022 Emerging Elite Companies List

Oct 18
min Read
Press Release

PLEASANT GROVE, UT — October 18, 2022 — Kenect today announced it was named as one of the 2022 MountainWest Capital Network’s Top 15 Emerging Elite companies in Utah, which honors companies showing promising growth over the past 5 years.

The honor was delivered as part of MWCN’s 2022 Utah 100 list that ranks businesses with their weighted average revenue calculation of percentage and dollar growth over a five-year period through December 2021. The Top 15 Emerging Elite list represent organizations less than five years old that show the most promise of future growth. Companies are only allowed to be recognized in one category.

Recipients of the Utah 100 were chosen by the percentage of revenue increase of each company between 2017 and 2021.

“We congratulate all of this year’s Utah 100 companies for building outstanding businesses and making strong contributions to Utah’s economy,” said Jason Roberts, Chairman of the MWCN Utah 100 committee. “These companies further advance Utah’s standing as an excellent place to do business.”

Kenect’s strong growth is fueled by small businesses who realize that their customers want to text them. More than 89% of people say they would prefer to text a business rather than call a business. In addition, Kenect allows small businesses to collect payments via text. Per location usage of the Kenect payments platform has increased nearly 500% in the last 18 months.

This latest honor is part of a growing list of accolades for Kenect. In August, the company was named to the Inc. 5000 list for the second year in a row. Kenect is the 6th fastest growing software company in the state of Utah with a three-year revenue growth rate of 641 %.

About Kenect

Kenect is a text messaging platform that is used by small businesses to improve customer communication. Kenect allows businesses to text their clients directly, generate new leads, improve communication, generate reviews, and collect payments--all via texting. Kenect was recently ranked the 36th fastest growing tech company in North America by Deloitte and is used by thousands of businesses across North America.

About MountainWest Capital Network

MountainWest Capital Network (MWCN) is the largest business networking organization in Utah, consisting of entrepreneurs, venture capitalists, consultants, legal professionals, bankers, and educators. MWCN seeks to promote and recognize business growth and capital development in the state through a variety of award programs and activities.

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Ben Leighton

Content and PR Manager

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