Phobio, the premier trade-in service for mobile operators and iconic consumer electronics brands, is ranked #5 on the 2021 Georgia Fast 40 list among upper middle market honorees.
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The Georgia Fast 40 List, compiled by the Atlanta chapter of the Association for Corporate Growth (ACG), honors the fastest-growing middle market companies in Georgia. ACG determined the list by assessing three years of revenue and employment growth for each company submitted, followed by interviews conducted by a selection committee. Companies on the list are for profit and headquartered in Georgia. They span a variety of industries, including logistics, technology, healthcare, manufacturing and financial services, among others.
“We are honored to rank #5 on the Georgia Fast 40 list this year” said Stephen Wakeling, Phobio CEO. “It is our mission to create connections to the consumer electronics Circular Economy by providing a platform for companies and their customers to trade in their old electronic devices. This not only increases purchasing power, it extends the product’s lifecycle, which ultimately leads to a cleaner Earth. As we bring new clients on board and expand the kinds of products that use our trade-in platforms, the benefits will continue to grow.”
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“These companies represent more than 6,600 new jobs and nearly 2.4 billion dollars in revenue growth over the last three years,” said Michelle Galvani, chairperson of the Georgia Fast 40 Awards and Executive Managing Director with Wildmor Advisors.
The 2021 Georgia Fast 40 recognition comes after a year of tremendous growth for Phobio. The company nearly doubled revenue in 2020, as consumers and companies across the country updated and upgraded their devices as a result of changes in the workplace and workforce. That momentum has continued in 2021 as Phobio adds new business and works toward its goal of expanding the industries and products that use its trade-in platforms to offer consumers the opportunity to increase their purchasing power and waste less.
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